John Hood Harvest Diversified Monthly Income ETF HDIF-T BUY May 19, 2022

A fund of funds. Defensive, coupled with large-cap tech. Employs a small amount of leverage to get the distribution. Provides more diversity, with 100 underlying positions.

HDIV vs. HDIF HDIV will give you back part of the yield in the way of return of capital. The MER is a little high at 2.09%. So, will you get that much excess return. HDIF is shorter in its time frame. He can't decide which is better.

Not sure on his preference between the two. Part of HDIV's yield is ROC through covered calls. Management expense rate is a little high at 2.09. HDIF has equal weight gold, utilities, brand leaders, health leaders, etc. They are ETF's for income.

Niche category. Managers use a range of strategies to achieve fairly high income return of 10%. Launched only in February 2022. Uses call options and 25% leverage, which is not applied every day. Estimated MER is actually 94 bps, not the lower numbers reported online. Uses other ETFs as building blocks. Don't put your entire nest egg into it, the low cost ETFs are better, but OK for an investigatory position for someone who needs yield.