CI Gold+ Giants Covered Call ETF
CGXF.TO
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- CI Gold+ Giants Covered Call ETF (CGXF.TO) is an exchange-traded fund managed by CI Global Asset Management Inc. that provides exposure to a portfolio of large-cap gold mining companies through a covered call options strategy to generate enhanced monthly income and modest capital appreciation. The fund invests primarily in equity securities of gold producers included in the Solactive Gold Giants Index, employing an active covered call writing program on up to 50% of the portfolio to sell call options and capture premium income; it may also engage in cash-covered put writing for additional yield enhancement. CGXF.TO targets investors seeking income from the gold sector with lower volatility compared to pure equity exposure, operating in the Canadian-listed ETF market with a focus on North American and global gold miners. The ETF was launched in 2020 and is headquartered in Toronto, Ontario, Canada, as part of CI Financial Corp.'s suite of investment products. It distributes monthly cash dividends derived from option premiums, dividends from underlying holdings, and any capital gains, with a management fee of 0.65% and a management expense ratio around 0.85%. Geographic operations span Canadian and international gold mining companies, primarily in Canada, the United States, Australia, and South Africa. No major acquisitions, funding rounds, or strategic shifts have been reported in the last 1-2 years; however, the fund continues to adjust its covered call overlay in response to gold price volatility and market conditions to optimize yield.