September 30, 2026
This fund aims to provide exposure to large cap U.S. 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 U.S. equities through a combination of income and some capital appreciation.
RISK RATING
How is the fund invested? (as of July 31, 2026)
| Name | Percent |
|---|---|
| US Equity | 88.5 |
| Cash and Equivalents | 9.3 |
| International Equity | 2.3 |
| Other | -0.1 |
| Name | Percent |
|---|---|
| United States | 88.6 |
| Canada | 9.1 |
| Ireland | 1.4 |
| United Kingdom | 0.4 |
| Switzerland | 0.3 |
| Bermuda | 0.1 |
| Netherlands | 0.1 |
| Singapore | 0.1 |
| Other | -0.1 |
| Name | Percent |
|---|---|
| Technology | 40.7 |
| Financial Services | 11.1 |
| Cash and Cash Equivalent | 9.3 |
| Consumer Services | 8.4 |
| Healthcare | 8.1 |
| Industrial Goods | 5.2 |
| Consumer Goods | 4.9 |
| Utilities | 2.3 |
| Energy | 2.1 |
| Other | 7.9 |
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 $11,994
Fund details (as of July 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Cash and Cash Equivalents | 9.1 |
| Apple Inc | 7.0 |
| NVIDIA Corp | 6.7 |
| Microsoft Corp | 4.8 |
| Amazon.com Inc | 3.3 |
| Alphabet Inc Cl A | 2.8 |
| Broadcom Inc | 2.6 |
| Alphabet Inc Cl C | 2.2 |
| Meta Platforms Inc Cl A | 1.7 |
| Micron Technology Inc | 1.4 |
| Total allocation in top holdings | 41.6 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | - |
| Dividend yield | 1.1% |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | $2,148,111.1 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 2.5 | 17.2 | 14.6 | 16.3 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| - | - | - | 18.7 |
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
U.S. equities delivered strong returns in the second quarter of 2026 as resilient economic growth, easing inflation concerns and strong corporate earnings supported investor sentiment. Performance was led by artificial intelligence-related technology and semiconductor company stocks, while easing geopolitical tensions and lower energy prices further supported markets.
Performance
In the sub-advisor’s view, it’s important to note that the Fund’s objective is to target 5% annual income comprised of option premiums and dividends from the underlying equity, rather than to track the equity benchmark directly.
The primary driver of relative performance is the Fund’s option overlay. The sub-advisor sells away a portion of the Fund’s equity market upside exposure through call options. This helps the Fund achieve its income generation target but detracts from performance relative to its equity benchmark when the equity market rallies.
The Fund’s call option overlay detracted from relative performance over the quarter, as the strong rally in U.S. equities meant that a portion of the upside was given up in exchange for option premium income.
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 its option positions to maintain notional exposure within a target range. This is done to manage the amount of upside exposure that’s exchanged for premium income.
Outlook
In the sub-advisor’s view, there’s been no change to the strategic position of the Fund. The Fund aims to target 5% annual income comprised of option premiums and 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
19.94%
Last price
$16.89 CAD
as of market close 09/30/2026
Value of $10,000 investment
$11,993.52 CAD
