Description

This ETF, ZPH.TO, is structured to generate alternative income by strategically selling put options on a portfolio comprising prominent U.S. large-capitalization companies. It specifically writes short-term, out-of-the-money put options, with selection based on careful analysis of their potential premiums. The fund's remaining assets are held in cash equivalents. A key risk involves potential losses if underlying stock values experience significant depreciation during the option period. All exposure to the U.S. dollar is systematically hedged to Canadian dollars. Moreover, as ZPH operates as a fund of funds, its stated management fees are adjusted downwards to reflect the fees already incurred by its constituent funds.