Key stats
About CI UTILITIES GIANTS COVERED CALL ET HEDGED COM UNITS
Home page
Inception date
Feb 15, 2023
Structure
Canadian Mutual Fund Trust (ON)
Primary advisor
CI Investments, Inc.
The fund is actively managed to provide cash distributions, potential for capital appreciation, and lower volatility of returns by investing in equity securities of at least 20 of the largest utility companies traded in the North American exchange. The utility companies included in the fund are those classified in GICS within electric, gas, water, and multi-utility companies. The fund seeks income and capital appreciation by employing a covered call option strategy on 25% of the securities of each portfolio issuer. The issuers are selected based on their market capitalization, and are adjusted based on the securities' liquidity and their related call options. Each security within the portfolio is equally weighed. It is intended that at least 90% of the value of the foreign exchange exposure attributable to CUTL, if any, will be hedged back to the Canadian dollar.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Utilities
Stocks99.80%
Utilities99.65%
Bonds, Cash & Other0.20%
Cash0.35%
Miscellaneous0.09%
Rights & Warrants−0.24%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history