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Global X
A one-ticket Canadian equity portfolio: 60 stocks, 99% Canada, unhedged, for 0.39% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
A fund of covered-call funds. Returns come from its underlying covered-call funds: their option premiums lifted distributions and capped part of the upside on the covered portion.
| Concentration | Top 10 holdings = 46.3% of the fund | holdings↓ |
| Fee | 0.39% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Fund of funds | holdings↓ |
How this fund works
Holds the underlying investments and writes covered calls on part of the position. The option premiums add to distributions and cap part of the upside.
Top holding: Royal Bank of Canada 9.3% (broad) · Top sector: Financials 40.2% (sector-tilted) · Top region: Canada 99.1% (single-country)
Financials 40.2%·Energy 17.7%·Materials 13.6%·Technology 8.7%·Industrials 7.7%·Other 4.6%·Other (locked) 7.2%
Canada 99.1%·United States 0.6%
Look-through via underlying funds.
The management fee was 0.39% a year, or about $39 for every $10,000 held. This figure is the fund's own fee; the covered-call funds it holds run their option overlays internally, so there is no separate overlay fee, though those overlays change the return and distribution profile. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
Mostly return of capital
The full distribution tax character, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $187M· net assets |
| Listed | 2011· 15 years of history |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | CNCC.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Fund of funds |
| Theme | Broad Market |
| Geography | Canada |
| Provider | Global X |
| Mgmt fee | 0.39% |
Compare CNCC.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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