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Mulvihill Capital Markets
View fund on Mulvihill Capital MarketsA Canadian covered-call equity fund: 8 stocks, unhedged, for 0.9% a year.
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.
| Concentration | Top 10 holdings = 100.0% of the fund | holdings↓ |
| Fee | 0.90% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Covered call / options | 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 15.0% (tilted) · Top sector: Financials 99.4% (single-sector)
Financials 99.4%
Source: fund provider disclosure.
The management fee was 0.9% a year, or about $90 for every $10,000 held. The options overlay is run inside the fund, so there is no separate fee, though it changes 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.
How durable the fund is, and what moved its price.
| Assets | $24M· net assets |
| Listed | 2026· 0 years of history |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | MBNK.TO |
| Exchange | TSX |
| Currency | - |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Covered call / options |
| Theme | Global Financials |
| Geography | Canada |
| Provider | Mulvihill Capital Markets |
| Mgmt fee | 0.90% |
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Prices as of last close.
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