CI Health Care Giants Covered Call ETF

TSX TICKER : FHI.B
 

Fund overview

The ETF's investment objectives are to provide holders, through an actively managed portfolio, with (i) regular cash distributions, (ii) the opportunity for capitalappreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 20 largest health care 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 June 2018
Total net assets ($CAD)
As at 2024-04-15
$17.6 million
NAVPS
As at 2024-04-15
$12.5761
Market price
As at 2024-04-15
$12.5800
MER (%)
As at 2023-12-31
0.73
Management fee (%) 0.65
Units outstanding
As at 2024-04-15
1,400,000
Asset class Sector Equity
Currency CAD
CUSIP 17162H209
Distribution frequency Quarterly
Last distribution $0.2054

Risk rating1

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

Investor suitability

For those who:
  • want exposure to North American listed Health Care companies on a currency unhedged basis
  • want the potential for high income generation
  • want to receive regular cash flows (if any)
  • can tolerate medium risk

Performance2 As at 2024-03-31

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*
9.22% 2.14% 9.22% 11.85% 12.56% 13.20% 11.73% - 12.05%
*Since inception date

Distribution history3

Payable date Total
2024-03-21 0.2054
2023-12-20 0.2121
2023-09-22 0.2173
2023-06-23 0.1691
2023-03-24 0.1253
Payable date Total
2022-12-21 0.2074
2022-09-22 0.1758
2022-06-23 0.1561
2022-03-24 0.1953
2021-12-23 0.2500

Management team

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

CI Health Care Giants Covered Call ETF

TSX TICKER : FHI.B
 
Portfolio allocations4 As at 2024-03-31
Asset allocation (%)
  • US Equity 95.20
  • International Equity 5.11
  • Other -0.01
  • Cash and Equivalents -0.30
Sector allocation (%)
  • Healthcare 99.99
  • Cash and Cash Equivalent -0.30
  • Other -0.53
Geographic allocation(%)
  • United States 95.74
  • Ireland 5.15
  • Canada -0.31
  • Other -0.58
Top holdings
Sector (%)
1. Merck & Co Inc Drugs 5.39%
2. Amgen Inc Drugs 5.17%
3. Becton Dickinson and Co Healthcare Equipment 5.16%
4. Medtronic PLC Healthcare Equipment 5.15%
5. HCA Healthcare Inc Healthcare Services 5.12%
6. CVS Health Corp Healthcare Services 5.11%
7. Cigna Corp Healthcare Services 5.11%
8. Bristol-Myers Squibb Co Drugs 5.10%
9. Eli Lilly and Co Drugs 5.08%
10. Stryker Corp Healthcare Equipment 5.02%
11. AbbVie Inc Drugs 5.02%
12. Anthem Inc Healthcare Services 5.02%
13. UnitedHealth Group Inc Healthcare Services 4.99%
14. Abbott Laboratories Healthcare Equipment 4.96%
15. Johnson & Johnson Drugs 4.95%
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