Key stats
About MANULIFE SMART ENHANCED YIELD ETF
Home page
Inception date
May 3, 2024
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Ordinary income
Primary advisor
Manulife Investment Management Ltd.
CYLD uses the same investment approach to stock selection as the Issuers dividend focused ETF. The added smart strategy to this fund is the use of option writing in attempt to generate additional income. The fund aims to provide a steady flow of monthly income and long-term capital appreciation from Canadian dividend-paying stocks. The investment process uses Manulifes proprietary quantitative screens to select quality stocks that pay and are expected to grow, their dividend over time. Their approach screens across market capitalizations, sectors and industries. The criteria used in the screening process tends to surface large-cap value stocks. In addition to dividends, the funds portfolio manager aims to generate additional income by writing covered call options against the stocks in the portfolio and write cash collateralized puts to acquire positions.
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Government
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.