Harvest Diversified Monthly Income ETF (HDIF Overview) | HIGH-INCOME ETF CANADA

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Thank you to Harvest ETFs for sponsoring today's video! Today we'll do an overview of among Canada's most popular high-income ETF solutions: HDIF – The Harvest Diversified Month-to-month Income ETF.

Established in 2009, Harvest is a Canadian Investment Fund Manager. Harvest provides an ingenious suite of exchange traded funds, shared funds and publicly-listed structured fund items designed to please the long-lasting growth and income requirements of financiers. We pride ourselves in developing relied on investment options that fulfill the expectations of our investors.

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The views and viewpoints shared on this channel are for informational and educational functions only. Although formerly accredited, the factors are no longer industry individuals and are not certified to offer financial guidance. They strive to supply you with educational info in an amusing manner. Constantly do your own research study and due diligence prior to investing. Normally speaking, you should speak with a certified financial investment specialist before investing.

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For Details Functions Just. Commissions, management costs and expenditures all might be connected with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.) Please read the relevant prospectus prior to investing. The funds are not guaranteed, their values change often and past efficiency may not be repeated. This interaction should not be thought about as suggestions and/or a suggestion to purchase or offer the pointed out securities or utilized to engage in individual financial investment methods. Tax, investment and all other choices ought to be made with guidance from a qualified expert.

Certain statements included in this interaction make up forward-looking statements, including, but not limited to, those recognized by the expressions "expect", "plan", "will" and comparable expressions to the level they relate to the Mutual fund. The positive declarations are not historic realities however reflect the Fund's, Harvest and the Manager of the Fund's existing expectations concerning future results or events. These forward looking statements go through a variety of threats and uncertainties that might cause real outcomes or occasions to vary materially from current expectations. Although the Fund, Harvest and the Supervisor of the Fund thinks that the presumptions fundamental in the forward-looking statements are reasonable, positive statements are not warranties of future efficiency and, appropriately, readers are cautioned not to put unnecessary dependence on such declarations due to the intrinsic uncertainty therein. The Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise modify any positive statement or details whether as a result of new details, future events or other such factors which affect this information, except as needed by law.

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Harvest Diversified Monthly Income ETF (HDIF Overview) | HIGH-INCOME ETF CANADA

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About the Author: Richard Money

31 Comments

    1. If the market goes sideways for a while it will provide an opposite to improve covered call income, but if the market makes a sharp reversal they risk having a lot of equity being called away

  1. Thanks a lot Brandon for walking us through this complex ETF. I do have one question though. I noticed there are many US stocks involved. Let’s say I hold this ETF in my RRSP. What happens with the 15% witholding tax, since this ETF trades in Canadian dollars? Thanks in advance!

    1. There is a tax treaty between US & Canada for Registered retirement accounts so there is no such 15% withholding tax on those accounts. For that reason, RRSP is a good place to put your dividend paying US investments in general. The question started well because the fund company does not mention anything about taxes, but the question shoukd have ended by “in a non-registered account”, how will it be taxed? foreign income, cap gain div, return of capital, interest? without that information, cannot just “close my eyes and hope for the best” or “leave it to a choix du chef” decision.

  2. This is currently the 2nd largest position in my income portfolio currently down about 10% so so I’m happy to be able to dollar cost average into this etf long term hold 🙂

  3. As usual Brandon you make sense. If I was a young investor with maybe just a few thousand dollars in savings,this fund would be near the top or at the top of my list. Sure it’s not sexy,but for those who want to grow their wealth without a lot of risk,this etf is great! In fact I have my child’s resp in cash and this fund. It grows consistently and That’s what we want.

    1. I couldn’t stomach this in my kid’s RESP. Too much risk of my capital being reduced in a scenario where I need that capital for a specific purpose. I might use this to “juice” my retirement income where I’m a little less concerned with the value of the underlying capital but this is not my choice for total return in an RESP. Not by a long shot.

  4. I own some of this. Happy so far! Of course, it has dropped over 20% this year, but I expect it to recover. But… who knows?

    1. The challenge will be that as the underlying stocks recover there will be increased risk of the covered calls getting called away which could greatly impact the upside. They need the covered call income to meet their yield needs, but they risk having their holdings called away.

  5. This is why I I’m not in the investing academy any longer. Brandon doesn’t believe in this type of investing. He has said that on numerous occasions but now the company is paying his channel and he is selling you on the etf.

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