Description

The BANK fund aims to deliver enhanced returns, targeting 1.25 times the performance of the Solactive Canadian Core Financials Equal Weight Index (or any future equivalent) before expenses, while simultaneously working to minimize potential losses. Its primary investment strategy involves holding the constituent equities of this Canadian financial sector index. Additionally, the fund generates income by employing a covered call strategy, selling options on up to 33% of its holdings, a decision made at the discretion of the portfolio manager. The extent of this option selling can fluctuate, influenced by prevailing market volatility and other relevant conditions.