The Moat Active Premium Yield ETF will primarily write out-of-the-money, shorter-dated cash-secured put options on North American securities with strike prices and expiry dates selected based on volatility and available premiums. The cash cover for the put write portfolio will be invested in Canadian dollar cash and cash equivalents. The underlying equities for the put write portfolio will typically be selected based on competitive moats, and other sustainable advantages within an industry that may lead to long-term growth of market share and profitability. The ETF may write out-of-the-money, short-dated covered call options, enter into combination income-focused option strategies and invest in one or more other investment funds. The ETF may hedge exposure to the U.S. dollar based on market outlook and current exchange rates.
This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
All monetary figures are expressed in Canadian dollars unless otherwise noted.
All data contained herein is provided “as is” and LongPoint makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. LongPoint expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.