Description

The fund seeks to provide quarterly cash distributions and capital growth by actively selecting large-cap energy companies listed in either US or Canada. The fund specifically includes firms classified under GICS Integrated Oil & Gas or Oil & Gas Exploration & Production sub-industry groups. The fund holds a concentrated portfolio of at least 15 firms selected by market-cap, however, adjustments can be made based on the fund advisers view on the firms liquidity and their related call options. Holdings are typically equal-weighted, but due to its active approach, weightings may deviate significantly. In an effort to generate additional income and reduce the overall portfolio 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 name was CI First Asset Energy Giants Covered Call ETF.