Description: Mulvihill Enhanced Yield Canadian Bank ETF invests in the common shares of the "Big Six" Canadian Banks while adding modest 25% leverage and option writing strategies to further enhance the underlying portfolio dividend yields. CBNK targets a 7% annual yield, over 2x the current yield of the S&P/TSX Diversified Banks Index, making it the highest yielding Canadian Bank ETF. Mulvihill Capital Management Inc. has a 25+ year track record managing a similar strategy.
Exchange: TO
Country: CA
Currency: Canadian Dollar (C$)
Category: Alternative Equity Focused
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Equity | 87.27 | 0.00 | 87.27 |
| Cash | 11.98 | 0.00 | 11.98 |
| Other | 0.75 | 0.00 | 0.75 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Financial Services | 100.00 | 21.19 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 100.00 | 89.50 |
| Japan | 0.00 | 0.44 |
| Australasia | 0.00 | 0.25 |
| Asia Emerging | 0.00 | 0.85 |
| Latin America | 0.00 | 0.19 |
| Asia Developed | 0.00 | 1.39 |
| United Kingdom | 0.00 | 3.46 |
| Europe Emerging | 0.00 | 0.04 |
| Europe Developed | 0.00 | 3.65 |
| Africa/Middle East | 0.00 | 0.25 |