Description

Established on January 22, 1997, and domiciled in Canada, the Top 10 Split Trust is an equity mutual fund overseen by Strathbridge Asset Management Inc. Formerly known as First Premium U.S. Income Trust, it focuses its investments on publicly traded companies within the Canadian financial sector. The fund employs an SSO covered call writing strategy across a select group of ten major financial entities. These include six prominent banks: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and The Toronto-Dominion Bank. Additionally, it holds positions in four leading insurance firms: Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. The Trust aims to measure its portfolio's performance against the S&P/TSX Composite Index.