CI Utilities Giants Covered Call ETF

TSX TICKER : CUTL.B
 

Fund overview

The ETF's investment objective is to provide Unitholders, through an actively managed portfolio with (i) regular cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 20 largest utility companies measured by market capitalization listed 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 such issuers directly. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based 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 February 2023
Total net assets ($CAD)
As at 2024-07-24
$2.0 million
NAVPS
As at 2024-07-24
$20.7387
Market price
As at 2024-07-24
$20.7400
MER (%)
As at 2023-12-31
0.73
Management fee (%) 0.65
Units outstanding
As at 2024-07-24
100,000
Asset class Sector Equity
Currency CAD
CUSIP 12569T203
Distribution frequency Quarterly
Last distribution $0.2926

Risk rating1

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

Investor suitability

For those who:
  • want exposure to North American equities in the utilities sector 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 2024-06-30

Growth of $10,000 (Since inception date)

growth of 10k graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
8.50% -3.76% 3.19% 8.50% 8.39% - - - 4.48%
*Since inception date

Distribution history3

Payable date Total
2024-06-24 0.2926
2024-03-21 0.2194
2023-12-20 0.2218
2023-09-22 0.2164
2023-06-23 0.1412
Payable date Total
2023-03-24 0.1165

Management team

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

CI Utilities Giants Covered Call ETF

TSX TICKER : CUTL.B
 
Portfolio allocations4 As at 2024-06-30
Asset allocation (%)
  • US Equity 89.40
  • Canadian Equity 10.23
  • Cash and Equivalents 0.37
  • Other 0.01
  • International Equity -0.01
Sector allocation (%)
  • Utilities 95.09
  • Technology 4.59
  • Cash and Cash Equivalent 0.37
  • Other 0.01
  • Telecommunications -0.01
  • Energy -0.05
Geographic allocation(%)
  • United States 89.50
  • Canada 10.50
  • Other 0.01
  • Germany -0.01
Top holdings
Sector (%)
1. Hydro One Ltd Electric Utilities 5.16%
2. Fortis Inc Electric Utilities 5.07%
3. Sempra Energy Diversified Utilities 5.06%
4. Entergy Corp Electric Utilities 5.04%
5. Duke Energy Corp Electric Utilities 5.03%
6. Public Service Enterprise Group Inc Electric Utilities 5.02%
7. Xcel Energy Inc Electric Utilities 5.01%
8. American Electric Power Co Inc Electric Utilities 5.01%
9. DTE Energy Co Electric Utilities 5.01%
10. Edison International Electric Utilities 5.01%
11. American Water Works Co Inc Water Utilities 4.99%
12. WEC Energy Group Inc Electric Utilities 4.99%
13. Exelon Corp Electric Utilities 4.98%
14. Vistra Corp Electric Utilities 4.98%
15. PG&E Corp Electric Utilities 4.97%
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