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Guardian Capital
A covered-call equity fund: 0 stocks, unhedged.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Equity exposure with a covered-call overlay. Returns come from the underlying equity basket plus option income, with some upside typically traded away for higher cash distributions.
Top sector: Financials 20.6% (broad)
Financials 20.6%·Consumer Discretionary 17.4%·Technology 16.8%·Consumer Staples 16.3%·Healthcare 14.3%
Source: fund provider disclosure.
No published management fee was available for this fund. The options overlay is run inside the fund, so there is no separate fee, though it changes the return and distribution profile.
Mostly capital gains
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 | $96M· net assets |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | GDPY-B.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Covered call / options |
| Theme | Broad Market |
| Geography | Global / World |
| Provider | Guardian Capital |
What Premium adds