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About MULVIHILL US HEALTH CARE ENHANCED UNIT
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Inception date
Jan 31, 2023
The fund aims for long-term capital appreciation through a portfolio of US stocks in the broad health care sector. The fund mainly invests in large-cap securities within the S&P 500 that are as classified as health care by S&Ps Global Industry Classification Standard. However, up to 25% of assets may be invested in securities included in the S&P Global 1200 Health Care Index and the S&P/TSX Composite Health Care GICS Index. The fund seeks to enhance the portfolio through options writing and leverage. The leverage of up to 25% is expected to provide enhanced dividend yields and additional return potential. The fund also writes call/put options to generate returns. In the case of put options, the fund may buy securities at predetermined prices to reduce acquisition costs. The fund targets a 7% yield target per annum for monthly distributions. The fund manager has full discretion to make any investment decision at any time, including hedging its foreign currency to CAD.
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
Stocks99.72%
Health Technology70.46%
Health Services21.78%
Distribution Services5.35%
Retail Trade1.08%
Commercial Services1.05%
Bonds, Cash & Other0.28%
Cash0.28%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history