CI Tech Giants Covered Call ETF Common Units (TXF.TO)
CI Tech Giants Covered Call ETF Common Units (TXF.TO)
Company overview
The fund seeks quarterly cash distributions and capital growth by actively selecting large-cap technology companies listed on a North American stock exchange. It includes firms classified in any of the following GICS sector and sub-industry groups: Information Technology, Internet & Direct Marketing Retail, Interactive Home Entertainment and Interactive Media & Services. The fund holds a concentrated portfolio of at least 25 companies 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 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 named CI First Asset Tech Giants Covered Call ETF.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
CI Tech Giants Covered Call ETF Common Units (TXF.TO)
No price history available.
The fund seeks quarterly cash distributions and capital growth by actively selecting large-cap technology companies listed on a North American stock exchange. It includes firms classified in any of the following GICS sector and sub-industry groups: Information Technology, Internet & Direct Marketing Retail, Interactive Home Entertainment and Interactive Media & Services. The fund holds a concentrated portfolio of at least 25 companies 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 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 named CI First Asset Tech Giants Covered Call ETF.
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