Mulvihill Canadian Bank Enhanced Yield ETF (TSX:CBNK) Reports CAD 106.37 Million in Net Assets for H1 2025

2 min read | August 31, 2025 11:04 PM EDT | By Sonal Goyal

Mulvihill Canadian Bank Enhanced Yield ETF (TSX:CBNK) Reports CAD 106.37 Million in Net Assets for H1 2025 — Image source: © 2025 Krish Capital Pty. Ltd.

Financial Results

For the reporting period, the Fund recorded an increase in net assets attributable to holders of Units of CAD 9.54 million (USD 6.98 million), equivalent to CAD 0.71 (USD 0.52) per Unit. As of June 30, 2025, net assets attributable to holders of Units stood at CAD 106.37 million (USD 77.75 million), or CAD 8.98 (USD 6.56) per Unit.

During the six-month period, unitholders received total cash distributions of CAD 0.35 (USD 0.26) per Unit. The Fund’s strategy of providing consistent income through distributions remains a key component of its investment approach.

Investment Strategy

The Fund’s portfolio is primarily composed of common shares of the six largest Canadian banks: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and The Toronto-Dominion Bank. Together, these banks represent the core of Canada’s financial system and provide a stable base for the Fund’s capital appreciation objectives.

To enhance returns, the Fund employs modest leverage of 25 percent, which amplifies the dividend yields of its underlying holdings. In addition, the Fund implements option strategies designed to generate additional income and reduce overall portfolio volatility.

The Fund also retains the flexibility to invest in public investment funds, including exchange-traded funds and other Mulvihill Funds, provided such allocations do not result in duplicate management fees.

Mulvihill Capital Management Inc., the Fund’s investment manager, continues to oversee the portfolio with an emphasis on disciplined income generation and exposure to Canada’s major banks. The Fund remains listed on the Toronto Stock Exchange under the symbol CBNK.

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