The fund are to provide Unitholders with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less the ETF?s fees and expenses; (ii) tax-efficient monthly distributions; and (iii) in order to mitigate downside risk and generate income, exposure to a covered call option writing strategy. It seeks to achieve its investment objectives by entering into a forward purchase and sale agreement with a Canadian chartered bank pursuant to which it will gain exposure to the Gold Portfolio.The Gold Portfolio is comprised primarily of exchange-traded funds, which are directly, or indirectly, and only, exposed to gold bullion but may include gold futures contracts from time to time.
Inception Date: 17/12/2010
Primary Benchmark: N/A
Primary Index: CIBC WM 91 Day Treasury Bill CAD
Gross Expense Ratio: NA%
Management Expense Ratio: 1.18 %
|GLD||SPDR Gold Trust||65.13 %|
|BAR||GraniteShares Gold Trust Shares of Beneficial Interest||32.55 %|
|CGL:CA||iShares Gold Bullion ETF (CAD-..||0.55 %||
|CGL.C:CA||iShares Gold Bullion ETF (Non-..||0.56 %||
|SBT.B:CA||Silver Bullion Trust||0.59 %||
|SVR:CA||iShares Silver Bullion ETF (CA..||0.67 %||
|HUZ:CA||Horizons Silver ETF||0.75 %||
|SVR.C:CA||iShares Silver Bullion ETF (No..||0.67 %||
|HUC:CA||Horizons Crude Oil ETF||0.86 %||
|CCX:CA||Canadian Crude Oil Index ETF||0.93 %||
|HNY:CA||Horizons Natural Gas Yield ETF||2.47 %||
|HUG:CA||Horizons Gold ETF||0.75 %||
|Market Performance vs.
|Market Performance vs. Exchange (Toronto Stock Exchange)|
|Value||Sector Median||Percentile Rank||Grade||Market Median||Percentile Rank||Grade|
|Trailing 12 Months|
|Trailing 5 Years|
|Average Annual (5 Year Horizon)|
|Risk Return Profile|
|Volatility (Standard Deviation)||9.04%||85%||B||70%||C-|
|Risk Adjusted Return||-60.15%||23%||F||5%||F|
|Target Price Action||Rating Action||Analyst||Rating||Price||Date|
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
The company has under performed its peers on annual average total returns in the past 5 years.
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.