CI UTILITIES GIANTS COVERED CALL ET HEDGED COM UNITSCI UTILITIES GIANTS COVERED CALL ET HEDGED COM UNITSCI UTILITIES GIANTS COVERED CALL ET HEDGED COM UNITS

CI UTILITIES GIANTS COVERED CALL ET HEDGED COM UNITS

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Key stats


Assets under management (AUM)
‪22.08 M‬CAD
Fund flows (1Y)
‪19.80 M‬CAD
Dividend yield (indicated)
5.29%
Discount/Premium to NAV
−0.02%
Shares outstanding
‪1.00 M‬
Expense ratio
0.65%

About CI UTILITIES GIANTS COVERED CALL ET HEDGED COM UNITS


Brand
CI
Inception date
Feb 15, 2023
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Primary advisor
CI Investments, Inc.
The fund is actively managed to provide cash distributions, potential for capital appreciation, and lower volatility of returns by investing in equity securities of at least 20 of the largest utility companies traded in the North American exchange. The utility companies included in the fund are those classified in GICS within electric, gas, water, and multi-utility companies. The fund seeks income and capital appreciation by employing a covered call option strategy on 25% of the securities of each portfolio issuer. The issuers are selected based on their market capitalization, and are adjusted based on the securities' liquidity and their related call options. Each security within the portfolio is equally weighed. It is intended that at least 90% of the value of the foreign exchange exposure attributable to CUTL, if any, will be hedged back to the Canadian dollar.

Classification


Asset Class
Equity
Category
Sector
Focus
Utilities
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Utilities
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to CUTL via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CUTL trades at 21.97 CAD today, its price has risen 0.41% in the past 24 hours. Track more dynamics on CUTL price chart.
CUTL net asset value is 21.97 today — it's risen 0.71% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CUTL assets under management is ‪22.08 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CUTL price has risen by 2.63% over the last month, and its yearly performance shows a 12.84% increase. See more dynamics on CUTL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.71% over the last month, showed a 3.57% increase in three-month performance and has increased by 15.72% in a year.
CUTL fund flows account for ‪19.80 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CUTL invests in stocks. See more details in our Analysis section.
CUTL expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CUTL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CUTL technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CUTL shows the strong buy signal. See more of CUTL technicals for a more comprehensive analysis.
Yes, CUTL pays dividends to its holders with the dividend yield of 5.29%.
CUTL trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CUTL shares are issued by CI Financial Corp.
CUTL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 15, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.