CNCL
Canadian Large-Cap Exposure
CNCL provides exposure to the largest and most liquid stocks listed in Canada.
The Covered Call Advantage + Leverage
CNCL’s Underlying ETF (Horizons Canadian Large Cap Equity Covered Call ETF) uses a dynamic call writing approach, which seeks to generate income and reduce downside risk. CNCL employs 1.25x leverage, which can potentially magnify performance, relative to the performance of the Underlying ETF
Light Leverage, Big Opportunities
Investment Objective: CNCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of the large-cap market segment of the Canadian equity market; and (b) high monthly distributions of dividend and call option income. To generate income, CNCL will be exposed to a dynamic covered call option writing program.
CNCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies” in the ETFs prospectus) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.
Fund Details
Ticker
CNCL
Inception Date
July 05, 2023
Net Assets ?
$7,345,299
As at September 19, 2023
Consolidated Prior Day Volume ?
10 093
For September 19, 2023
Average Daily Trading Volume Over a 12 Month Period ?
17,439
As at September 19, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.65%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KCASM7NCLPE72
Distribution Metrics
Most Recent Distributions Per Unit
$0.20600
Annualized Distribution Yield ?
12.62 %
As at September 19, 2023
Distribution Frequency
Monthly
Record Date
August 31, 2023
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Annualized Performance (%) *
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Calendar Year Performance (%) *
Calendar year performance data is not currently available.
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.206 | — | Monthly |
| 2023 | 07/28/2023 | 07/31/2023 | 08/08/2023 | 0.206 | — | Monthly |
Top Holdings
As at July 05, 2023| Security Name | Weight |
|---|---|
| Horizons Canadian Large Cap Equity Covered Call ETF (CNCC) | 124.64% |
Horizons Enhanced Canadian Large Cap Equity Covered Call ETF (CNCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by CNCL and passed on to the investor, where CNCL and the investment fund it holds provide the same service.
Click here for holdings of the Horizons Canadian Large Cap Equity Covered Call ETF (CNCC)
Holdings
At a Glance
Key Features
Canadian Large-Cap Exposure
CNCL provides exposure to the largest and most liquid stocks listed in Canada.
The Covered Call Advantage + Leverage
CNCL’s Underlying ETF (Horizons Canadian Large Cap Equity Covered Call ETF) uses a dynamic call writing approach, which seeks to generate income and reduce downside risk. CNCL employs 1.25x leverage, which can potentially magnify performance, relative to the performance of the Underlying ETF
Light Leverage, Big Opportunities
Investment Objective: CNCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of the large-cap market segment of the Canadian equity market; and (b) high monthly distributions of dividend and call option income. To generate income, CNCL will be exposed to a dynamic covered call option writing program.
CNCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies” in the ETFs prospectus) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.
Product Facts
Fund Details
Ticker
CNCL
Inception Date
July 05, 2023
Net Assets ?
$7,345,299
As at September 19, 2023
Consolidated Prior Day Volume ?
10 093
ForSeptember 19, 2023
Average Daily Trading Volume Over a 12 Month Period ?
17,439
As at September 19, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.65%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KCASM7NCLPE72
Distribution Metrics
As at September 19, 2023
Most Recent Distributions Per Unit
0.206
Annualized Distribution Yield ?
12.62 %
As at September 19, 2023
Distribution Frequency
Monthly
Record Date
August 31, 2023
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Performance & Distributions
Annualized Performance (%)
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Calendar Year Performance (%)
Calendar year performance data is not currently available.
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.206 | Monthly | |
| 2023 | 07/28/2023 | 07/31/2023 | 08/08/2023 | 0.206 | Monthly |
Holdings
Top Holdings
As at July 05, 2023| Security Name | Weight |
|---|---|
| Horizons Canadian Large Cap Equity Covered Call ETF (CNCC) | 124.64% |
Horizons Enhanced Canadian Large Cap Equity Covered Call ETF (CNCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by CNCL and passed on to the investor, where CNCL and the investment fund it holds provide the same service.
Click here for holdings of the Horizons Canadian Large Cap Equity Covered Call ETF (CNCC)
Holdings
Documents
