Mulvihill U.S. Health Care Enhanced Yield ETF Reports Results
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Mulvihill U.S. Health Care Enhanced Yield ETF Financial Update
The Mulvihill U.S. Health Care Enhanced Yield ETF (TSX: XLVE) has recently released its semi-annual results, shining a light on its operations for the past six months. As of the conclusion of June, the net assets attributable to the unitholders of the Fund decreased by $0.10 million, translating to $0.13 per Unit. After thorough assessment, the net assets held by Unit holders on June 30 reached a total of $7.28 million, which averages to $8.09 per Unit. Throughout this period, unitholders benefitted from cash distributions totaling $0.35 per Unit.
Investment Objectives of the Fund
This Fund has a clear aim: to offer unitholders long-term capital appreciation. It focuses primarily on a portfolio that includes U.S. health care issuers drawn from the S&P 500 Index—companies that Standard and Poor’s has designated within the health care category. Additionally, investors can expect monthly cash distributions from the Fund.
Portfolio Management Strategies
In order to fulfill its investment goals, the Fund actively manages a portfolio predominantly made up of various securities sourced from the S&P 500 Health Care Index. By implementing a modest leverage strategy of 25 percent, the Fund seeks to boost dividend yields from the underlying stocks, thereby enhancing potential returns for its investors. Furthermore, the Fund employs option strategies designed to augment the income generated through its portfolio while also working to minimize volatility.
Currency Hedge Policy
Moreover, this Fund offers flexibility by allowing the hedging of a portion or all of its foreign currency exposure back to the Canadian dollar. This policy aims to protect the investment’s value against fluctuating exchange rates, contributing to overall financial stability for its unitholders.
Management and Oversight
The investment management for this Fund is overseen by Mulvihill Capital Management Inc. Their expertise plays a crucial role in navigating market complexities while aligning with the investment objectives of the Fund. The Units of the Fund are publicly traded on the Toronto Stock Exchange under the ticker symbol XLVE.
Selected Financial Highlights
Statement of Comprehensive Income Overview
During the operational period ending June 30, the comprehensive income generated from investments amounted to $0.05 million, counterbalanced by expenses totaling $(0.15) million. Overall, the decrease in net assets attributable to the holders of Units stood at $(0.10) million, reflecting a challenging environment within the market.
Contact Information for More Inquiries
For additional queries or detailed information, investors can reach out directly to Investor Relations at 416.681.3966 or toll-free at 1.800.725.7172. Interested parties may also explore the company's insights and offerings by visiting www.mulvihill.com.
Frequently Asked Questions
What is the Mulvihill U.S. Health Care Enhanced Yield ETF?
The Mulvihill U.S. Health Care Enhanced Yield ETF is an investment fund focused on U.S. health care securities from the S&P 500 Index, designed to provide capital appreciation and income.
How much did the ETF distribute to unitholders?
During the period ended June 30, the ETF distributed $0.35 per Unit to its unitholders.
What impact did expenses have on the Fund's performance?
The Fund faced expenses totaling $(0.15) million, which contributed to the overall decrease in net assets for the period.
Who manages the ETF's investment portfolio?
The investment portfolio is managed by Mulvihill Capital Management Inc., which specializes in overseeing the Fund's investments.
How can I get more information about the ETF?
Investors can learn more by contacting Mulvihill's Investor Relations or visiting their official website at www.mulvihill.com.
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