Key stats
About CI HEALTH CARE GIANTS COVERED HEDGED COMMON UNITS
Expense ratio
0.83%
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Inception date
Jun 7, 2018
ISIN
CA17162H1001
The fund seeks stable cash distributions and capital appreciation by actively selecting large-cap health care companies listed on a North American stock exchange. It specifically includes firms involved in biotechnology research, drugs, and pharmaceuticals as well as health care facilities and services. The fund holds a concentrated portfolio of at least 20 companies selected by market-cap, however, adjustments can be made based on the fund advisers view on the firms liquidity and their related call options. Holdings are typically equal-weighted, but due to its active approach, weightings may deviate significantly. In an effort to generate additional income and lower the overall volatility, the fund employs a covered call option strategy on approx. 25% of the portfolio. Rebalancing usually occurs quarterly, subject to fund advisers discretion. Prior to April 22, 2021, the fund was named CI First Asset Health Care Giants Covered Call ETF.
Classification
What's in the fund
Exposure type
Health Technology
Health Services
Stock breakdown by region