Description

The fund provides exposure to an equal-weighted index that invests in stocks of Canadian banks. These banks must be primarily listed on the TSX and are classified by FactSet Industries as Major Banks or Regional Banks. To be eligible for inclusion, companies should meet instability and liquidity requirements. The underlying index rebalances semi-annually in March and September. The fund may hold constituent securities of the underlying index or may opt to invest in ETFs. The fund utilizes a covered call option strategy that will generally write out of the money call options, on up to approximately 50% of the value of its portfolio. Prior to June 24, 2022, the fund was an actively fund.