LIFE provides investors exposure to a diversified portfolio of Health Care names through covered calls with up to 33% of its holdings The ETF includes well-established companies, with a combination of both growth and value large-cap companies, paying a nice yield of 9.2%. LIFE’s AUM is $246M. LIFE.B is the unhedged version so there is exposure to the US dollar (which we are comfortable with and prefer). YTD performance has not been so great, as the sector itself has been a weak performer. YTD is 1.87%. One year is 13.81%, three year 8.2% and five year 10.32%. With Canadian dollar weakness, the unhedged version has performed about 2 percentage points better than the hedged version over five years. We are comfortable with the holdings and strategy and would consider it a decent choice for enhanced income within the healthcare sector.
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