CI U S & CANADA LIFECO COVERED CALL HEDGED COMMON UNITSCI U S & CANADA LIFECO COVERED CALL HEDGED COMMON UNITSCI U S & CANADA LIFECO COVERED CALL HEDGED COMMON UNITS

CI U S & CANADA LIFECO COVERED CALL HEDGED COMMON UNITS

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Key stats


Assets under management (AUM)
‪91.63 M‬CAD
Fund flows (1Y)
‪1.42 M‬CAD
Dividend yield (indicated)
6.11%
Discount/Premium to NAV
−0.03%

About CI U S & CANADA LIFECO COVERED CALL HEDGED COMMON UNITS


Issuer
CI Financial Corp.
Brand
CI
Expense ratio
1.04%
Inception date
Aug 22, 2013
Index tracked
No Underlying Index
Management style
Active
The fund is one of the few ETFs that provide a pure exposure to the insurance industry. It aims for quarterly cash distributions and capital appreciation from an actively managed, concentrated portfolio that comprises at least ten market-cap-selected life insurance companies listed on either the US or Canada. Holdings are typically equal-weighted, however, 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 approximately 25% of the portfolio. Rebalancing and reconstitution usually occurs on an annual basis, subject to fund advisers discretion in line with corporate events. Prior to April, 22, 2021, the fund was named as CI First Asset U.S. & Canada Lifeco Income ETF.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Insurance
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.