Sleep well, knowing
you’ll have the financial
resources to live well

Stone Covered Call Canadian Banks Plus Fund



Fund Details


Fund Type

Financial Services

Fund Mandate

Pure Yield

Manager

Stone Asset Management Limited

Portfolio Manager

Stone Asset Management Limited

Fund Net Assets

$17.2 million

Distribution

For Series A and F: Monthly income and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash. For Series T8A, T8B and T8C: Target annual rate of 8% of the security’s net asset value on the last day of the previous calendar year. Income or return of capital or both monthly and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash.

Inception Date

July 17, 2014

Minimal Initial Investment

$1000 (Series A and F)

Why Invest


  • Invest in a portfolio of Canadian Big Six banks plus sub-sector of financial services index.
  • Investment solution that generates additional income by employing a covered call option strategy.
  • Target covered calls to overwrite approximately 33% of each fund investment.
  • Skill-based asset management team providing performance within a Pure Yield mandate.
  • Ideal for an investor with a medium to long-term investment horizon and a need for steady tax-efficient monthly income.

Portfolio Managers


Michael Giordano
Michael Giordano, CPA, CA, MBA, CIM
Vice President, Investments
Manager Start Date: 2005
Experience: 21 years of Investment Management
René Fantin
René Fantin, MBA, CFA
Associate Portfolio Manager
Manager Start Date: 2015
Experience: 5 years of Investment Management
Stone Co