CI Tech Giants Covered Call ETF

TSX TICKER : TXF.B
 

Fund overview

The ETF's investment objective is to provide Unitholders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capitalappreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 25 largest technology companies measured by market capitalizationlisted on a North American stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of suchissuers directly, by employing a covered call option writing program. The issuers included in the portfolio, which are based on their market capitalization, may be adjustedbased on the Portfolio Manager’s view on the liquidity of the issuers’ equity securities and their related call options.

Fund details

description of elementelement value
Inception date August 2017
Total net assets ($CAD)
As at 2024-02-26
$73.0 million
NAVPS
As at 2024-02-26
$25.6263
Market price
As at 2024-02-26
$25.6400
MER (%)
As at 2023-06-30
0.69
Management fee (%) 0.65
Units outstanding
As at 2024-02-26
2,850,000
Asset class Sector Equity
Currency CAD
CUSIP 12555E202
Distribution frequency Quarterly
Last distribution $0.4118

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • want primarily US equity exposure to companies in the Technology sector on a currency unhedged basis
  • want the potential for high income generation
  • want to receive regular quarterly cash flows (if any)
  • can tolerate medium to high risk

Performance2 As at 2024-01-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
5.13% 5.13% 19.19% 17.76% 53.49% 13.91% 18.15% - 16.79%
*Since inception date

Distribution history3

Payable date Total
2023-12-20 0.4118
2023-09-22 0.4735
2023-06-23 0.4057
2023-03-24 0.4751
2022-12-21 0.5073
Payable date Total
2022-09-22 0.3895
2022-06-23 0.4460
2022-03-24 0.5926
2021-12-23 0.4214
2021-09-23 0.3872

Management team

First we'll display the Team Company and then the Team members
George Lagoudakis

CI Tech Giants Covered Call ETF

TSX TICKER : TXF.B
 
Portfolio allocations4 As at 2024-01-31
Asset allocation (%)
  • US Equity 95.59
  • International Equity 3.96
  • Cash and Equivalents 0.46
  • Other -0.01
Sector allocation (%)
  • Technology 96.05
  • Telecommunications 3.95
  • Cash and Cash Equivalent 0.46
  • Mutual Fund 0.05
  • Other -0.51
Geographic allocation(%)
  • United States 96.08
  • Ireland 3.97
  • Canada 0.46
  • Other -0.51
Top holdings
Sector (%)
1. NVIDIA Corp Computer Electronics 4.75%
2. Advanced Micro Devices Inc Computer Electronics 4.58%
3. Meta Platforms Inc Cl A Information Technology 4.41%
4. International Business Machines Corp Information Technology 4.27%
5. ServiceNow Inc Information Technology 4.19%
6. Palo Alto Networks Inc Information Technology 4.19%
7. Oracle Corp Information Technology 4.10%
8. Salesforce Inc Information Technology 4.08%
9. Microsoft Corp Information Technology 4.07%
10. Lam Research Corp Computer Electronics 4.04%
11. Adobe Inc Information Technology 4.03%
12. Alphabet Inc Cl A Information Technology 4.02%
13. Micron Technology Inc Computer Electronics 3.99%
14. Broadcom Inc Computer Electronics 3.97%
15. Accenture PLC Cl A Information Technology 3.97%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.