13.76
-0.015(-0.11%)
Currency In CAD
Address
Toronto,
Canada
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
January 03, 2012
The fund seeks to provide quarterly cash distributions and capital appreciation by investing in an actively managed portfolio that focuses on six of the largest Canadian banks: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia, and The Toronto-Dominion Bank. Holdings are typically equally weighted, but due to an active approach, weightings may deviate significantly. To generate additional income and lower the overall 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 was called CI First Asset CanBanc Income Class ETF.