Key stats
About MULVIHILL CDN BK ENHANCED YIELD ETF UNIT
Expense ratio
2.26%
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Inception date
Feb 14, 2022
The fund aims to provide long-term capital appreciation by investing in stocks of Canadian banks. These banks include 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. The fund writes call and put options on a portion of its portfolio and engages in securities lending to generate additional returns. Additionally, it utilizes up to 25% leverage in an attempt to enhance dividend yields. CBNK pays monthly distributions with a 7% yield target per annum.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region