Key stats
About CI HEALTH CARE GIANTS COVERED HEDGED COMMON UNITS
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Inception date
Jun 7, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
CI Investments, Inc.
The fund seeks stable cash distributions and capital appreciation by actively selecting large-cap health care companies listed on a North American stock exchange. It specifically includes firms involved in biotechnology research, drugs, and pharmaceuticals as well as health care facilities and services. The fund holds a concentrated portfolio of at least 20 companies selected by market-cap, however, adjustments can be made based on the fund adviser’s view on the firms’ liquidity and their related call options. Holdings are typically equal-weighted, but due to its active approach, weightings may deviate significantly. In an effort to generate additional income and lower the overall volatility, the fund employs a covered call option strategy on approx. 25% of the portfolio. Rebalancing usually occurs quarterly, subject to fund adviser’s discretion. Prior to April 22, 2021, the fund was named CI First Asset Health Care Giants Covered Call ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Health Services
Stocks100.15%
Health Technology74.94%
Health Services20.02%
Distribution Services4.94%
Bonds, Cash & Other−0.15%
Cash0.11%
Miscellaneous0.06%
Rights & Warrants−0.32%
Stock breakdown by region
North America95.05%
Europe4.95%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FHI invests in stocks. The fund's major sectors are Health Technology, with 75.13% stocks, and Health Services, with 20.07% of the basket. The assets are mostly located in the North America region.
FHI top holdings are UnitedHealth Group Incorporated and AbbVie, Inc., occupying 5.08% and 5.07% of the portfolio correspondingly.
FHI last dividends amounted to 0.18 CAD. The quarter before, the issuer paid 0.21 CAD in dividends, which shows a 20.86% decrease.
FHI assets under management is 101.41 M CAD. It's risen 4.97% over the last month.
FHI fund flows account for 20.20 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.
Yes, FHI pays dividends to its holders with the dividend yield of 7.94%. The last dividend (Mar 31, 2025) amounted to 0.17 CAD. The dividends are paid quarterly.
FHI shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Jun 7, 2018, and its management style is Active.
FHI expense ratio is 0.83% meaning you'd have to pay 0.83% of your investment to help manage the fund.
FHI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FHI invests in stocks.
FHI price has fallen by −1.89% over the last month, and its yearly performance shows a −7.33% decrease. See more dynamics on FHI price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.74% over the last month, showed a −7.25% decrease in three-month performance and has decreased by −1.74% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.74% over the last month, showed a −7.25% decrease in three-month performance and has decreased by −1.74% in a year.
FHI trades at a premium (0.28%) meaning the ETF is trading at a higher price than the calculated NAV.