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Top 10 Canadian Financial Trust



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Fund Overview


The Fund is a closed-end investment trust designed to provide unitholders with exposure to the six largest Canadian banks and four largest Canadian life insurance companies and utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.


These securities represent the top ten financial service companies in Canada and provide diversified exposure to the sector. The Fund is appropriate for those investors looking for exposure to Canada’s financial services sector while earning attractive distributions with lower volatility.


Distributions are calculated and paid each calendar quarter based on 7.5% per annum of the net asset value of the Fund and are generally classified as a return of capital for tax purposes.


The Fund will invest not less than 5% and not more than 15% of the Trust’s assets in each of the following ten securities comprising the portfolio (Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Toronto-Dominion Bank, Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, Sun Life Financial Inc.).

Top 10 Holdings as of September 30, 2019
Holding Name % of Fund
 Sun Life Financial Inc.      12.5%  
 National Bank of Canada      11.7%  
 The Toronto-Dominion Bank      10.2%  
 iA Financial Corporation Inc.      10.0%  
 Royal Bank of Canada      9.9%  
 The Bank of Nova Scotia      9.9%  
 Canadian Imperial Bank of Commerce      9.8%  
 Manulife Financial Corporation      9.3%  
 Great-West Lifeco Inc.      7.8%  
 Bank of Montreal      6.6%  
Sector Allocations



As of 01/09/2020
Current NAV for TCT.UN: $9.42
Market Price: $9.13
Last Traded: 01/16/2020
View Historical NAV  
 Quick Facts
Inception Date: 02/23/2000
Total Assets As of 09/30/2019: $11.85 mm
Management Fee: 1.1%
Service Fee: 0.3%
 Distributions & Tax
Current Distributions for TCT.UN: $0.18
Current Yield: 7.85%
View Historical Distributions  
TCT: Declares Quarterly Fund Distribution
TCT: Declares Quarterly Fund Distribution
TCT: Announces Semi-Annual Results
TCT: Declares Quarterly Fund Distribution
TCT: Announces Year End Results
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