September 30, 2026
This fund aims to provide exposure to large cap Canadian equity securities, by investing in one or more ETFs. The Fund uses an actively managed call option writing program, which aims to generate cash flow and reduce negative returns by collecting premiums from selling (writing) call options.
Is this fund right for you?
- Investors looking to generate a steady monthly cash flow.
- Conservative equity investors seeking to reduce the impact of negative returns
- Investors seeking modest growth potential from Canadian equities through a combination of income and some capital appreciation.
RISK RATING
How is the fund invested? (as of July 31, 2026)
| Name | Percent |
|---|---|
| Canadian Equity | 91.4 |
| Cash and Equivalents | 8.0 |
| Income Trust Units | 0.6 |
| Name | Percent |
|---|---|
| Canada | 99.4 |
| Bermuda | 0.6 |
| Name | Percent |
|---|---|
| Financial Services | 39.2 |
| Energy | 15.0 |
| Basic Materials | 12.1 |
| Cash and Cash Equivalent | 8.0 |
| Technology | 7.8 |
| Industrial Services | 6.7 |
| Consumer Services | 5.4 |
| Utilities | 1.9 |
| Telecommunications | 1.5 |
| Other | 2.4 |
Growth of $10,000 (since inception)
For the period 09/08/2025 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $11,761
Fund details (as of July 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Royal Bank of Canada | 9.3 |
| Cash and Cash Equivalents | 8.0 |
| Toronto-Dominion Bank | 6.4 |
| Shopify Inc Cl A | 4.6 |
| Bank of Montreal | 4.0 |
| Enbridge Inc | 3.8 |
| Canadian Imperial Bank of Commerce | 3.5 |
| Bank of Nova Scotia | 3.4 |
| Canadian Natural Resources Ltd | 3.2 |
| Brookfield Corp Cl A | 2.9 |
| Total allocation in top holdings | 49.1 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | - |
| Dividend yield | 2.1% |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | $145,927.8 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| -1.7 | 8.1 | 10.3 | 15.2 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| - | - | - | 16.5 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| - | - | - | - |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| - | - | - | - |
Range of returns over five years
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| Data not available based on date of inception | |||
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| Data not available based on date of inception | |||
Q2 2026 Fund Commentary
Commentary and opinions are provided by Keyridge Asset Management.
Market commentary
Canadian equities performed positively over the quarter ended June 30, 2026. Returns were driven by the financial services sector as expectations of an interest-rate increase from the Bank of Canada faded. The rally came despite weakness from Canadian energy stocks, which fell with oil prices following a U.S. and Iran deal to end hostilities and reopen shipping through the Strait of Hormuz.
Performance
The Fund’s equity market exposure, held through iShares S&P/TSX 60 Index ETF, contributed to performance. In the sub-advisor’s view, this reflected a lag in the pricing of the equity ETF relative to the benchmark equity index.
The Fund’s call option overlay detracted from performance over the quarter. The sub-advisor sells away a portion of the Fund’s equity market upside exposure through call options, which helps the Fund achieve its income generation target but detracts from performance relative to its equity benchmark when the equity market moves upward.
The Fund has a holding in S&P/TSX 60 ETF for equity market exposure, and the option overlay systematically rolls between derivatives contracts every week, so individual security-level contributors and detractors aren’t applicable for this Fund.
Portfolio activity
Each week, the sub-advisor trades one-month call options in a systematic manner, which involves closing expired option contracts and selling new ones. This call option overlay helps the Fund achieve its income generation target.
The Fund can also increase or decrease the option positions to maintain the notional exposure within a target range. This is done to manage the amount of upside exposure that is exchanged for a premium.
Outlook
In the sub-advisor’s view, there has been no change to the strategic position of the Fund. The Fund aims to target 5% annual income comprised of option premiums and the dividends from the underlying equity. Full equity exposure was maintained daily, and option notionals were monitored and maintained within the target range.
Summary
For the period 09/08/2025 through 09/30/2026 with $10,000 CAD investment
Total returns performance
17.61%
Last price
$16.60 CAD
as of market close 09/30/2026
Value of $10,000 investment
$11,760.78 CAD
