Key stats
About Manulife Smart Enhanced Yield ETF Trust Unit
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Inception date
May 3, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Manulife Investment Management Ltd.
ISIN
CA56503E1034
CYLD uses the same investment approach to stock selection as the Issuers dividend focused ETF. The added smart strategy to this fund is the use of option writing in attempt to generate additional income. The fund aims to provide a steady flow of monthly income and long-term capital appreciation from Canadian dividend-paying stocks. The investment process uses Manulifes proprietary quantitative screens to select quality stocks that pay and are expected to grow, their dividend over time. Their approach screens across market capitalizations, sectors and industries. The criteria used in the screening process tends to surface large-cap value stocks. In addition to dividends, the funds portfolio manager aims to generate additional income by writing covered call options against the stocks in the portfolio and write cash collateralized puts to acquire positions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Government
Stocks81.48%
Finance26.78%
Retail Trade8.33%
Non-Energy Minerals7.50%
Energy Minerals7.03%
Utilities5.67%
Process Industries4.94%
Technology Services4.31%
Transportation4.13%
Producer Manufacturing3.39%
Industrial Services2.68%
Miscellaneous2.08%
Communications1.37%
Consumer Services1.03%
Distribution Services0.68%
Consumer Non-Durables0.63%
Bonds, Cash & Other18.52%
Government18.15%
Cash0.95%
UNIT0.60%
Rights & Warrants−1.18%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CYLD invests in stocks. The fund's major sectors are Finance, with 27.09% stocks, and Retail Trade, with 8.42% of the basket. The assets are mostly located in the North America region.
CYLD assets under management is 47.24 M CAD. It's risen 4.84% over the last month.
CYLD fund flows account for 13.58 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CYLD doesn't pay dividends to its holders.
CYLD shares are issued by Manulife Financial Corp. under the brand Manulife. The ETF was launched on May 3, 2024, and its management style is Active.
CYLD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CYLD invests in stocks.
CYLD price has risen by 2.71% over the last month, and its yearly performance shows a 8.40% increase. See more dynamics on CYLD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.72% over the last month, showed a 7.47% increase in three-month performance and has increased by 15.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.72% over the last month, showed a 7.47% increase in three-month performance and has increased by 15.62% in a year.
CYLD trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.