Key stats
About PURPOSE CANADIAN FINANCIAL INCOME F ETF SHS
Expense ratio
0.85%
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Inception date
Oct 26, 2016
ISIN
CA74641F1062
The fund seeks to provide long-term capital appreciation and monthly distributions by investing in a portfolio of Canadian banks (up to 70% on an equal-weighted basis) and insurance companies (up to 30% on an equal-weighted basis). The fund will write covered call options from time to time in order to: (i) enhance the funds total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the funds portfolio. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region