Harvest Canadian High Income Shares ETFHHIC.TOWEAK BUYJun 08, 2026Stock price when the opinion was issued
As of Jul 30, 2026. Market Open.
Dividend strategy in Canadian companies, with a covered call overlay. Only 13 names. Quite concentrated with 41% in banks, 31% in oil/gas. Fairly new. MER is 40 bps (but may not be accurate, as it's so new) -- so look at the website.
Indicates a yield of 15+%. There's also enhancement via leverage (in a rising market, may do better than underlying securities; in a falling market, does worse). If you need the income, own it in a non-registered account. Make sure you know what you're buying.
Is a concentrated portfolio, including RY, TD, Shopify, Cameco, BCE, Telus, a nice mix, but narrow. The extra income comes from trading derivatives. It's actively managed, so the MER is higher. Lower ones are passive ETFs. Is the exposure right for you? That question is more important than the MER. Are you getting value?