Key stats
About HARVEST CDN EQUITY ENHANCED INCOME CL A UNITS
Expense ratio
2.66%
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Inception date
Oct 25, 2022
The fund is actively managed to provide investors with high monthly cash distributions and capital appreciation by investing, on a leveraged basis, in the Harvest Canadian Equity Income Leaders ETF (HLIF). The underlying ETF holds a concentrated, equal-weighted portfolio of the top 30 Canadian companies by market capitalization. These companies must be considered large-cap leaders, meet certain dividend criteria, and have attractive monthly income with an opportunity for capital appreciation. To achieve lower overall portfolio volatility, the underlying ETF writes covered call options at its discretion, on not more than 33% of its securities. The fund may also invest in other funds, including those managed by the fund manager. To create leverage, the fund uses cash borrowings, short sales and/or derivatives. The maximum aggregate exposure to cash borrowing, short selling, and derivatives will not exceed approximately 33% of the fund's NAV.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region