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About MULVIHILL US HEALTH CARE ENHANCED UNIT
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Inception date
Jan 31, 2023
The fund aims for long-term capital appreciation through a portfolio of US stocks in the broad health care sector. The fund mainly invests in large-cap securities within the S&P 500 that are as classified as health care by S&Ps Global Industry Classification Standard. However, up to 25% of assets may be invested in securities included in the S&P Global 1200 Health Care Index and the S&P/TSX Composite Health Care GICS Index. The fund seeks to enhance the portfolio through options writing and leverage. The leverage of up to 25% is expected to provide enhanced dividend yields and additional return potential. The fund also writes call/put options to generate returns. In the case of put options, the fund may buy securities at predetermined prices to reduce acquisition costs. The fund targets a 7% yield target per annum for monthly distributions. The fund manager has full discretion to make any investment decision at any time, including hedging its foreign currency to CAD.
Classification
What's in the fund
Exposure type
Health Technology
Health Services
Stock breakdown by region