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Today I'll cover 3 ETFs that pay HIGH earnings Monthly Dividends right here in Canada. The circulation yields sit at about 6%,7%,8%+ and would be excellent for investors seeking high yield.
ETF # 1 – Harvest Diversified Monthly Earnings ETF (HDIF) –
ETF # 2 – BMO Covered Called Canadian Banks ETF (ZWB) –
ETF # 3 – Canoe EIT Income Fund (EIT.UN) –
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Introduction – 0:00
# 1 Harvest Diversified Month-to-month Earnings ETF (HDIF) – 3:21
# 2 – BMO Covered Called Canadian Banks ETF (ZWB) – 8:00
# 3 – Canoe EIT Income Fund (EIT.UN) – 11:51
Outro – 17:34
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About Brandon Beavis:.
Brandon Beavis was one of the youngest consultants to become totally certified here in Canada.
In 2013, Brandon formally started his industry studies. Throughout the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Financial Investment Advisor Training Program, participated in the Manulife Expert Advancement Workshop in Oakville, ON, and participated in many market workshops, conferences & occasions to help even more his knowing.
At age 20, he ended up being a fully licensed Financial investment Advisor, working for one of Canada's largest Financial investment Brokers, Manulife Securities. For 4 years, he worked together with a highly knowledgeable team at Beavis Wealth Management, focusing on High-Net-Worth Investing. He's had the chance to work under his Dad, an advisor of over 25 years, and has actually dealt hands-on with client portfolios, involving; studying, building, and managing multi-million-dollar customer accounts.
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great video brandon!! thanks for the suggestions! im not going to invest in them, but i do appreciate the knowledge
Hmm very interesting. I suppose it might be a good idea to integrate those in a traditional portfolio with growth stocks and defensive stocks just to get that extra income coming in! Although it is probably more useful for people who, like you said, already own a large sum of money and are ready to retire 🙂
Btw if you’re ever looking for a video idea, I noticed there has been more and more of those CAD hedged stock on Wealthsimple, stocks of big American companies like apple, Amazon, Microsoft, PayPal, Walmart, etc. For a lot of people who are afraid of the currency conversion fee on Wealthsimple it can be their segue into a different market, + when you make your “2 stocks to buy now” videos, it can be a nice trick to pass off one of these stocks as Canadian haha 😉 well just something to look into anyway
Also, idk if you still read comments, but if you don’t I think it would be good to hire someone to do it and brief you on the feedback you’re getting and answer comments! Just an idea I’m throwing out there 🙂
I hold HDIF and EIT, both are really good. I also have some BMO dividend ETFs just not ZWB. Check out HYLD for US exposure in a Canadian fund. Great video!
Hdif is an amazing fund. I also invest in Zwc, Hyld, Hdiv. These funds help me to build an income stream to buy more expensive stocks and creating a passive income.
I just checked the yield is 0.77%
@Carlos Alvarez me too
@Carlos Alvarez 0,77% by month, compound with 12 month your around 8% annually
Awesome funds you have here! I used to have ZWC and HDIV, now just have HDIV and VDY to not miss out entirely on the growth side.
Have you thought of investing in FFN ( North America Financial 15 Split Corp) 21.25% yield…
5:48 The fees listed for each fund contained with HDIF is actually just the management fee and not the MER. Despite HDIF being newly listed to the market, I would expect the MER of HDIF to be roughly 1.1-1.2 based on the underlying fees of each ETF. Make sure to view the ETF factsheet and prospectus for the full information!
HUTL => MER 0.79 + TER 0.34 = 1.13% in ETF fees
HHL => MER 0.99 + TER 0.12 = 1.11% in ETF fees
HBF => MER 0.96 + TER 0.12 = 1.08% in ETF fees
HTA => MER 0.99 + TER 0.11 = 1.10% in ETF fees
HUBL => MER 0.99 + TER 0.22 = 1.23% in ETF fees
MER fees itself would be closer to 1%. Since HDIF does aim to be equally weighted among the 5 ETFs, we can average the ETF fees of each fund, thereby getting an estimated total ETF expense of roughly 1.13%. We won’t know the exact amount for another year or so, but this should give an idea of how much someone would pay in fees should they choose to invest into HDIF. Overall a good beginner video, just thought I’d clarify the discrepancy.
That’s a good catch 👍🏽
Well done. Definitely more expensive than your average dividend ETF.
Thanks John. Great catch!
Hi Brandon, thanks for this video, I currently own all three of them plus a few more higher income funds HDIV & HYLD as well. I was going to retire at the beginning of this year using the traditional 60/40 asset allocation portfolio of growth etfs and I am glad it did not use all my capital to purchase growth etfs. Image pulling out your monthly budget on any investment that is really down? Yikes. I am restructuring my portfolio to be about 35 % growth etfs that pay small distributions ( with future growth) and 65% higher dividend quality etfs that pay a good amount. I wish you and your dad would address some of your investment advice and strategy to ‘ what if I am ready to retire this year’ sort of idea. I think it’s completely different or perhaps I am missing something. Thanks for all your great content ! Keep them coming.
Hi Brandon, another excellent video. I own all three of the funds and have been following Adrian for the last year. As a retiree I am looking for income and these three funds as well as HYDL and HDIV are all part of my portfolio.
My initial thought would be… Covered call funds would do best in a market with high volatile but sideways market… Yes?
Hi Brandon. Just to clarify, I think owning eit into a tfsa is not actually a good idea, unless you expect to sell it at some point (that is of course if you are alreadsy maxed out in tfsa and also have tax account—-for sure, any investments is better in a tfsa (even a US listed stock that pays income will only have a 15% withholding tax on it. But not in a rrsp account!).
ROC is actually not taxable in a cash account. As you said, it will change your initial investment price but you will trigger the full capital gain only when you actually sell eit. And even if you did sell it, capital gains is probably the most tax-efficient way for investors to get. 25%. (except for ROC).
On dividends though, depending on the amount you get every year, you will be taxed much more, not as much as interests or foreign income, but almost the same if you are in the higher brackets.
So in this sense, having your 100% dividends investments in a tfsa makes much more sense – tax wise. If I’m not mistaken, the best to worst tax efficient income you get from your investments will be as followed (in a cash account), ROC, Capital Gains, Dividends, and then interests/foreign income. The rates differ a bit throughout all provinces but they are pretty close. Thanks for your videos 🙂
yes, I learned that capital gains made in a non registered account (not tfsa or rrsp or rrif) is the best tax efficient vehicle. I was surprised to learn that Candian eligible dividends in a non registered account are actually less tax efficient than capital gains. It gave me food for thought that is for sure. At this point though I rely on a steady stream of being paid with Canadian eligible dividends so I don’t own non divvy paying companies. There is something very attractive about being paid monthly or quarterly from solid trustworthy companies and not worrying too much about if they go up or down significantly, because they keep the paychecks rolling out😊 Of course, I did pay attention to buying these companies when they were at a low price range using stockchart and certain indicators. Nice comment you put out to us. Thanks for doing it. 💯🇨🇦
Adrian is doing well enough to move to Panama and living off his passive income……. way to go Adrian.
He works a lot on his Channell etc. Great career but his claim of living off his passive income is misleading.
I’m in my 50’s and building my TFSA and have EIT and HDiF and another great ETF is HYLD if you like the diversity of HDIF which holds 5 funds then you will love HYLD holding 7 fund’s paying over 10% yield
Try also QYLD. It’s an USD monthly dividend ETF with 13% yield. 💪
Thanks Brandon but I think you need to give the full picture : Yields + fund performance . Many funds give high yield and the fund is losing 30 or 40 % .
I’m pretty sure I mentioned this is the very beginner on the video!
Yes, much of the distribution can be returning of the investors money (ROC), sacrificing capital appreciation. For example, HALF (49%) of ZWB’s distribution for 2021 was Return of Capital (0.583 of 1.185 distribution unit, as per BMO site). That’s how they are able to provide higher yields. There’s no free lunch.
Hey Brandon thanks for the great video as I love your insights and knowledge and also a fan of Adrian’s investment style but I still add some growth to my investments. I also love TD ENB MFC TSLA. One stock I wanna add but can’t seem to pull the trigger is SQ. Can you do a review on SQ as I wanna know if you would add it? Thanks
I agree! I like the mix of dividend growth + growth too. Not sure I’m entirely sold on the SQ pivot but I’d have to do more research before covering it on the channel! I’ll see what I Can do
@Brandon Beavis Investing yes SQ vs PayPal LoL. Thanks
I am currently holding CM and BNS. Would replacing these holdings with ZWB still allow me to access the growth of these banks in addition to the juicy dividend?
Bread and butter of my portfolio with CC ETF’s. HDIF is not the first of its kind. HDIV and HYLD have been around longer. IMO better performing funds so far.
Love these funds. I also think it’d be a great idea for you to dive into giving info and thesis in a video on something like HDIV which ties into that all-in-one ETF concept in Canada. I like to mix in these income focused funds with something with a little bit more growth such as VDY.
Thes high Yielding Etfs despite monthly distributions always seems to underperform by negative capital gains.
Purchased 2 shares of each for my TFSA, Thanks for the continual great stock picks Brandon
I bought EIT.UN in my father’s retirement portfolio. The only selection I don’t like in the fund of funds HDIF is the top brands etf HBA (seems to be a rather flimsy classification). ZWB is good too for a easy way to get diversification in Canadian banks without high leverage.