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CI Global Asset Management
A North American technology covered-call equity fund: 26 stocks, 100% United States, unhedged, for 0.65% 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.
Top holding: Palo Alto Networks Inc 5.6% (broad) · Top sector: Technology 91.1% (single-sector) · Top region: United States 100.0% (single-country)
Technology 91.1%·Communication Services 8.9%
United States 100.0%
Look-through via underlying funds.
The management fee was 0.65% a year, or about $65 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 across 8 years, 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 | $93M· net assets |
| Listed | 2017· 8 years of history |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | TXF.B.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Covered call / options |
| Theme | Broad Technology |
| Provider | CI Global Asset Management |
| Mgmt fee | 0.65% |
Compare TXF.B.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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