Description

Unlock the growth potential of some of the largest and most liquid large-cap companies listed in Canada using light leverage of 125% to enhance growth potential and yield. CNCL provides exposure to a covered call strategy, aiming to potentially increase portfolio income while reducing portfolio volatility. Designed to provide a consistent monthly income along with potential long-term capital growth. CNCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of the large-cap market segment of the Canadian equity market; and (b) high monthly distributions of dividend and call option income. To generate income, CNCL will be exposed to a dynamic covered call option writing program. CNCL will also employ leverage (not to exceed the limits on use of leverage described under "Investment Strategies" in the ETFs prospectus) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.