CI Tech Giants Covered Call ETF

TSX TICKER : TXF.U
 

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 March 2022
Total net assets ($USD)
As at 2024-08-30
$11.8 million
NAVPS
As at 2024-08-30
$11.2534
Market price
As at 2024-08-30
$11.2300
MER (%)
As at 2023-12-31
0.70
Management fee (%) 0.65
Units outstanding
As at 2024-08-30
1,050,000
Asset class Sector Equity
Currency USD Hedged
CUSIP 12555E301
Distribution frequency Quarterly
Last distribution $0.2738

Risk rating1

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

Performance2 As at 2024-07-31

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*
16.72% -2.14% 10.27% 12.65% 30.13% - - - 16.42%
*Since inception date

Distribution history3

Payable date Total
2024-06-24 0.2738
2024-03-21 0.2220
2023-12-20 0.1756
2023-09-22 0.2004
2023-06-23 0.1744
Payable date Total
2023-03-24 0.2065
2022-12-21 0.2157
2022-09-22 0.2946
2022-06-23 0.3546

Investor suitability

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

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.U
 
Portfolio allocations4 As at 2024-07-31
Asset allocation (%)
  • US Equity 96.26
  • International Equity 4.43
  • Other -0.02
  • Cash and Equivalents -0.67
Sector allocation (%)
  • Technology 97.73
  • Telecommunications 3.55
  • Mutual Fund 0.05
  • Other -0.66
  • Cash and Cash Equivalent -0.67
Geographic allocation(%)
  • United States 96.89
  • Ireland 4.44
  • Other -0.66
  • Canada -0.67
Top holdings
Sector (%)
1. International Business Machines Corp Information Technology 4.65%
2. ServiceNow Inc Information Technology 4.55%
3. Accenture PLC Cl A Information Technology 4.44%
4. Apple Inc Computer Electronics 4.39%
5. Salesforce Inc Information Technology 4.36%
6. Texas Instruments Inc Computer Electronics 4.32%
7. Adobe Inc Information Technology 4.31%
8. Arista Networks Inc Computer Electronics 4.30%
9. Intuit Inc Information Technology 4.30%
10. Cisco Systems Inc Computer Electronics 4.23%
11. Analog Devices Inc Computer Electronics 4.18%
12. KLA Corp Computer Electronics 4.18%
13. Oracle Corp Information Technology 4.12%
14. Intel Corp Computer Electronics 4.10%
15. Meta Platforms Inc Cl A Information Technology 4.00%
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