Key Reasons to Own This Fund?
- Attractive current dividend yield, enhanced with call option premiums
- Opportunity for growth in dividends and long-term capital appreciation
- Sector specific portfolio focus of Canadian banks, insurance and financial service companies equities
Investment Objective
The Fund seeks to receive dividend and option premium income and seeks long term capital appreciation by investing in dividend paying securities in the Canadian financial sector and employing a covered call option writing strategy on certain of those securities.
TOP 10 HOLDINGS
AS OF 30-09-2018
% OF ASSETS
-
Canadian Imperial Bank of Commerce
9.57%
-
Royal Bank of Canada
9.55%
-
Toronto Dominion Bank
9.54%
-
National Bank of Canada
9.51%
-
Bank of Nova Scotia
9.45%
-
Bank of Montreal
9.32%
-
Great-West Lifeco Inc.
6.49%
-
Industrial Alliance Insurance
5.58%
-
Sun Life Financial Inc.
5.56%
-
Power Financial Corporation
5.41%
TOTAL: 79.98%
SECTOR ALLOCATION %
as of 31-07-2018
Financials 92.64
Cash 7.26
Net other assets (liabilities) 0.10
Fund Details
ASSET CLASS
Financial Services
MINIMUM INITIAL PURCHASE
$500; $25 subsequent purchases
ELIGIBILITY
RSP/RIF/TFSA
Risk Rating
Low
High
Medium
SERIES A
DISTRIBUTIONS
Monthly, variable
MANAGEMENT FEE
1.65%
Fund Codes
| Front End | MAV 607 |
| Low Load DSC | MAV 707 |
SERIES F
DISTRIBUTIONS
Monthly, variable
MANAGEMENT FEE
0.65%
Fund Codes
| MAV 757 |
* A series of shares of Marquest Corporate Class Funds Ltd.