Description

Unlock the growth potential of Canada’s Big Six Banks with BKCL, which uses light leverage of 125% to enhance growth potential and yield. BCKL offers exposure to a covered call strategy that can potentially enhance portfolio income potential and lower portfolio volatility. BKCL is designed to provide a consistent monthly income along with potential long-term capital growth. BKCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of equal-weighted equity securities of diversified Canadian banks (currently, the Solactive Equal Weight Canada Banks Index); and (b) high monthly distributions of dividend and call option income. To generate income, BKCL will be exposed to a dynamic covered call option writing program. BKCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies” in the ETF's prospectus) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.