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Purpose
A single-stock income fund on Td.to with modest borrowed exposure. Fee 0.4% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Leveraged exposure to Td.to. The fund uses a modest amount of borrowed money to increase its exposure, which amplified both gains and losses and added borrowing costs.
| Leverage | Modest borrowing | risk↓ |
| Underlying concentration | Top 10 = 100.0% of the underlying basket | holdings↓ |
| Fee | 0.40% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Leveraged | 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: Td.to 100.0% (concentrated) · Top sector: Financials 100.0% (single-sector) · Top region: Canada 100.0% (single-country)
Financials 100.0%
Canada 100.0%
Source: fund provider disclosure.
The management fee was 0.4% a year, or about $40 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.
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 | $5M· net assets |
| Leverage / overlay | Modest leverage (borrowing), options overlay |
What moved the price
| Ticker | TDY.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Leveraged |
| Theme | Global Financials |
| Geography | Canada |
| Provider | Purpose |
| Mgmt fee | 0.40% |
Compare TDY.NE→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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