Key stats
About CI ENERGY GIANTS COVERED CALL ETF UNHEDGED COMMON UNITS
Expense ratio
0.88%
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Inception date
Jan 26, 2015
ISIN
CA12555B2084
The fund seeks to provide quarterly cash distributions and capital growth by actively selecting large-cap energy companies listed in either US or Canada. The fund specifically includes firms classified under GICS Integrated Oil & Gas or Oil & Gas Exploration & Production sub-industry groups. The fund holds a concentrated portfolio of at least 15 firms 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 reduce the overall portfolio volatility, the fund employs a covered call option strategy on approximately 25% of the portfolio. Rebalancing usually occurs quarterly, subject to fund advisers discretion. Prior to April 22, 2021, the fund name was CI First Asset Energy Giants Covered Call ETF.
Classification
What's in the fund
Exposure type
Energy Minerals
Stock breakdown by region