Fund Overview |
 |
Overview
Mulvihill U.S. Health Care Enhanced Yield ETF “XLVE” provides exposure to a portfolio consisting principally of U.S. health care issuers. Modest leverage of 25% enhanced the dividend yields of the underlying stocks and provides additional return potential. Option writing strategies are utilized to enhance portfolio income. The funds pays monthly distributions with a 7% yield target per annum.
Objectives
The Mulvihill U.S. Health Care Enhanced Yield ETF seeks to provide Unitholders with long-term capital appreciation through exposure to a portfolio consisting principally of U.S. health care issuers selected from the S&P 500 Index that are classified as “health care” by Standard & Poor’s Global Industry Classification Standard and monthly cash distributions.
| Name |
Ticker |
Current NAV |
Current Yield |
Recent
Distributions |
Most Recent
Distribution Date |
Distributions
Since Inception |
| Mulvihill U.S. Health Care Enhanced Yield ETF |
XLVE |
$7.52 |
9.19%
|
$0.06 |
2024-11-29 |
$1.22 |
Fund Features
Investment Strategy
In order to achieve its investment objectives, the Mulvihill U.S. Health Care Enhanced Yield ETF will invest in an actively managed portfolio comprised principally of securities from the S&P 500 Health Care Index. The Mulvihill ETF may also invest up to 25% of its net asset value in securities included in the S&P Global 1200 Health Care Index and the S&P/TSX Composite Health Care GICS® Index (that are not included in the S&P 500 Health Care Index). The Mulvihill ETF will also write call and put options on a portion of its portfolio to seek to generate investment returns and, in the case of put options, acquire securities at predetermined prices in a manner that reduces acquisition costs. The Manager may, from time to time in its discretion, hedge all or a portion of the foreign currency exposure of the Mulvihill U.S. Health Care Enhanced Yield ETF’s portfolio back to the Canadian dollar.
Distributions
The Fund expects to make distributions monthly that may consist of net income, net realized capital gains and/or return of capital, if any.
Eligibility
RRSPs, DPSPs, RRIFs, RESPs and TFSAs
Management Fees
The Fund pays a management fee of 0.65% of net asset value annually to Mulvihill Capital Management for acting as the Manager and the Investment Manager.
MER
The Management Expense Ratio (“MER”) is the sum of all operating expenses, including management and service fees but excluding portfolio transaction costs, expressed as a percentage of average net asset value.
Inception Date
02/14/2022
Manager
Mulvihill Capital Management Inc.