CI Health Care Giants Covered Call ETF

TSX TICKER : FHI.U
 

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 March 2022
Total net assets ($USD)
As at 2024-02-23
$1.0 million
NAVPS
As at 2024-02-23
$10.3234
Market price
As at 2024-02-23
$10.3300
MER (%)
As at 2023-06-30
0.73
Management fee (%) 0.65
Units outstanding
As at 2024-02-23
100,000
Asset class Sector Equity
Currency USD Hedged
CUSIP 17162H308
Distribution frequency Quarterly
Last distribution $0.1641

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 USD hedged basis
  • want the potential for high income generation
  • want to receive regular cash flows (if any)
  • can tolerate medium 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*
2.38% 2.38% 10.70% 4.10% 4.85% - - - 5.03%
*Since inception date

Distribution history3

Payable date Total
2023-12-20 0.1641
2023-09-22 0.1669
2023-06-23 0.1321
2023-03-24 0.0963
2022-12-21 0.1599
Payable date Total
2022-09-22 0.1354
2022-06-23 0.1241

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.U
 
Portfolio allocations4 As at 2024-01-31
Asset allocation (%)
  • US Equity 94.51
  • International Equity 5.04
  • Cash and Equivalents 0.45
Sector allocation (%)
  • Healthcare 99.99
  • Cash and Cash Equivalent 0.45
  • Other -0.50
Geographic allocation(%)
  • United States 95.04
  • Ireland 5.06
  • Canada 0.43
  • Other -0.53
Top holdings
Sector (%)
1. Stryker Corp Healthcare Equipment 5.51%
2. Amgen Inc Drugs 5.47%
3. Merck & Co Inc Drugs 5.45%
4. Eli Lilly and Co Drugs 5.40%
5. HCA Healthcare Inc Healthcare Services 5.39%
6. Medtronic PLC Healthcare Equipment 5.06%
7. Danaher Corp Healthcare Equipment 5.06%
8. AbbVie Inc Drugs 5.05%
9. Anthem Inc Healthcare Services 5.04%
10. Abbott Laboratories Healthcare Equipment 5.00%
11. Cigna Corp Healthcare Services 4.94%
12. Thermo Fisher Scientific Inc Healthcare Equipment 4.94%
13. Johnson & Johnson Drugs 4.91%
14. Pfizer Inc Drugs 4.84%
15. Becton Dickinson and Co Healthcare Equipment 4.82%
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.