CBNK vs. CIC ETF Comparison

Comparison of Mulvihill Enhanced Yield Canadian Bank ETF (CBNK) to First Asset CanBanc Income Class ETF (CIC)
CBNK

Mulvihill Enhanced Yield Canadian Bank ETF

CBNK Description

Mulvihill Enhanced Yield Canadian Bank ETF invests in the common shares of the "Big Six" Canadian Banks while adding modest 25% leverage and option writing strategies to further enhance the underlying portfolio dividend yields. CBNK targets a 7% annual yield, over 2x the current yield of the S&P/TSX Diversified Banks Index, making it the highest yielding Canadian Bank ETF. Mulvihill Capital Management Inc. has a 25+ year track record managing a similar strategy.

Grade (RS Rating)

Last Trade

$8.61

Average Daily Volume

16,415

Number of Holdings *

4

* may have additional holdings in another (foreign) market
CIC

First Asset CanBanc Income Class ETF

CIC Description The ETF’s investment objectives are to provide Shareholders with (i) quarterly distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of the Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank directly.

Grade (RS Rating)

Last Trade

$12.25

Average Daily Volume

9,960

Number of Holdings *

4

* may have additional holdings in another (foreign) market
Performance
Period CBNK CIC
30 Days 3.03% 3.02%
60 Days 3.91% 2.58%
90 Days 14.56% 10.51%
12 Months 31.91% 29.58%
4 Overlapping Holdings
Symbol Grade Weight in CBNK Weight in CIC Overlap
BMO A 14.34% 16.79% 14.34%
BNS A 13.19% 16.85% 13.19%
CM A 18.03% 16.53% 16.53%
NA A 17.33% 16.77% 16.77%
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