Harvest Canadian Dividend Leaders Income ETF (HLIF.TO)
Harvest Canadian Dividend Leaders Income ETF (HLIF.TO)
Company overview
The fund offers a concentrated exposure to the Canadian equity market. Starting with the issuers investable universe, the top 30 companies as measured by market capitalization are selected and are weighted equally. These companies must: i) meet certain dividend criteria, ii) be considered as large-cap leaders with dominant market shares, and iii) have attractive monthly income with opportunity for capital appreciation. The fund may invest in companies across various industries and sectors, without bias. To achieve lower overall portfolio volatility, the fund manager writes covered call options at its discretion, on not more than 33% of its securities, depending on market volatility and other factors. In addition, a buffer rule that replaces a portfolio constituent if it drops out of the top 35 companies based on market-cap, is applied at each quarterly reconstitution in order to reduce portfolio turnover.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Harvest Canadian Dividend Leaders Income ETF (HLIF.TO)
No price history available.
The fund offers a concentrated exposure to the Canadian equity market. Starting with the issuers investable universe, the top 30 companies as measured by market capitalization are selected and are weighted equally. These companies must: i) meet certain dividend criteria, ii) be considered as large-cap leaders with dominant market shares, and iii) have attractive monthly income with opportunity for capital appreciation. The fund may invest in companies across various industries and sectors, without bias. To achieve lower overall portfolio volatility, the fund manager writes covered call options at its discretion, on not more than 33% of its securities, depending on market volatility and other factors. In addition, a buffer rule that replaces a portfolio constituent if it drops out of the top 35 companies based on market-cap, is applied at each quarterly reconstitution in order to reduce portfolio turnover.
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free