This is an equal weighted, currency-hedged portfolio of 20 blue chip U.S multi-national corporations with a minimum market cap of US$10 billion (the actual valuations are much higher). The managers use covered call options on 33% of the securities to generate additional cash flow beyond the dividends received.
Income Investor
Sorry, you do not have access to this content.The price is still ahead of our original recommendation, but the units dropped $1.41 over the past year. The fund is paying $0.06 a month ($0.72 a year) for a trailing yield of 7.3%. But after taking the capital loss into account, investors are down 6.1% in the past 12 months. We continue to rate the fund as a hold. - Gordon Pape
Current Advice
Hold
Consult your broker/advisor
Capital Gain/Loss
4.4%