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Larry Berman CFA, CMT, CTA Horizons Enhanced Income Gold ETF HEP-T HOLD Apr 19, 2021

A way to extract extra yield from gold miners. With volatility, the enhanced yield is interesting. If you think the price will go sideways, it would be preferable to hold something that generates yield like HEP. However, if you think it will go up, you don't want to give away the upside. Right now, gold probably has some upside in the next 6 - 12 months.

Larry Berman CFA, CMT, CTA

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TOP PICK

The trend and breakout is pervasive. There is nothing like buying securities at the beginning of a bull market. The next 10 years is more likely to see a 450% return in gold than in the NASDAQ in his opinion. It has a covered writing strategy to bring up the yield.

BUY

HEP-T vs. XGD-T. HEP-T has a covered call overly to the gold stocks and generates extra yield. If you are bullish then you don’t want that covered call. If you are a yield seeker then it is a fine way to get exposure to gold.

PAST TOP PICK

(A Top Pick Aug 01/19, Up 40%) The companies in HEP have outperformed gold itself and will continue to do so. HEP has a covered writing overlay on parts of the portfolio which reduces volatility. It's been parabolic recently, so wait for a pullback.

WEAK BUY

Nice thing is they take a portion of the portfolio and write covered calls on it, so you get some income as you go along and it takes out some of the volatility. You underperform a bit, but you get the income. Not the best way if you're bullish on gold. With this ETF, you get the best of both worlds.

PAST TOP PICK

(A Top Pick Jun 01/20, Down 11%) He would buy it again. You want to hold the portion of gold that you are going to hold for the long term. This one helps buffer on the downside as we go through a correction. He would use this opportunity to add to your position.

TOP PICK

Gold and gold ETFs are a meaningful diversifier in a portfolio. The gold prices have languished and he believes HEP provides exposure to gold producers by equal weight, and a cover writing program to enhance yield. 5.72% dividend right now.

BUY

Nothing wrong with this. He's not a gold buff and owns no gold, though. But this is fine for bold buffs.

DON'T BUY

Covered call overlay strategy. Loves the strategy in general. Thinks we are close to a low point. You do not want covered call when you think we are near the bottom since with it, we give away some of the upside capture. Should look at pure exposure.

PAST TOP PICK

(A Top Pick Jul 16/21, Down 9%) Gold stocks with a covered call.it's a proxy for gold exposure. Gold stocks with a covered call which enhances income and protects from the downside to some degree.

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Larry Berman CFA, CMT, CTA Horizons Enhanced Income Gold ETF HEP-T HOLD Apr 19, 2021

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Horizons Enhanced Income Gold ETF(HEP-T)

Horizons Enhanced Income Gold ETF(HEP-T)

Horizons Enhanced Income Gold ETF(HEP-T)

Horizons Enhanced Income Gold ETF(HEP-T)

Horizons Enhanced Income Gold ETF(HEP-T)

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