Key stats
About Global X Enhanced Equal Weight Canadian Telecommunications Covered Call ETF Trust Unit A
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Inception date
Apr 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
Identifiers
3
ISIN CA37965X1024
The fund seeks to provide exposure to Canadian telecom companies while providing high monthly income and options premiums. The fund provides exposure to telecom companies by investing in securities of an index comprised of Canadian companies. To generate premiums, the fund employs a dynamic covered call option writing program through cash borrowing, maintaining a leverage ratio of approximately 125%. The index is rebalanced quarterly, assigning equal weights per security.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RNCL last dividends amounted to 0.25 CAD. The month before, the issuer paid 0.26 CAD in dividends, which shows a 5.33% decrease.
RNCL assets under management is 3.18 M CAD. It's risen 22.35% over the last month.
RNCL fund flows account for 1.00 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RNCL pays dividends to its holders with the dividend yield of 14.16%. The last dividend (Feb 6, 2026) amounted to 0.25 CAD. The dividends are paid monthly.
RNCL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Apr 30, 2025, and its management style is Passive.
RNCL follows the Mirae Asset Equal Weight Canadian Telecommunications Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RNCL price has risen by 2.07% over the last month, and its yearly performance shows a 3.94% increase. See more dynamics on RNCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.98% over the last month, showed a −1.95% decrease in three-month performance and has increased by 2.98% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.98% over the last month, showed a −1.95% decrease in three-month performance and has increased by 2.98% in a year.
RNCL trades at a premium (0.67%) meaning the ETF is trading at a higher price than the calculated NAV.