Key stats
About HARVEST DIVERSIFIED EQUITY INCOME E UNIT CL A
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Inception date
Apr 12, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Primary advisor
Harvest Portfolios Group, Inc.
The fund holds six Harvest Equity Income ETFs on an equal weighted basis. Each employing an active covered call writing strategy, seeking to generate a high level of monthly income. Together the underlying portfolios contain equity exposure to over 110 large-cap, multi-sector companies. The stocks selected are considered to be global leaders in their industry with positive long-term growth prospects. This fund does not utilize leverage in order to limit risk. Investors should consult their tax advisor prior to purchasing shares. Monthly distributions from shares held in a non-registered account may be taxed as ordinary income. Also, investors will incur the expenses of each of the six underlying ETFs. However, the issuer has waived the management expense for HRIF.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HRIF trades at 15.95 CAD today, its price has risen 0.94% in the past 24 hours. Track more dynamics on HRIF price chart.
HRIF net asset value is 16.08 today — it's risen 1.48% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HRIF assets under management is 21.16 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HRIF price has risen by 1.57% over the last month, and its yearly performance shows a 1.92% increase. See more dynamics on HRIF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.48% over the last month, showed a 2.27% increase in three-month performance and has increased by 10.98% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.48% over the last month, showed a 2.27% increase in three-month performance and has increased by 10.98% in a year.
HRIF fund flows account for 9.45 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HRIF invests in funds. See more details in our Analysis section.
HRIF expense ratio is 1.18%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HRIF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HRIF technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HRIF shows the sell signal. See more of HRIF technicals for a more comprehensive analysis.
Today, HRIF technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HRIF shows the sell signal. See more of HRIF technicals for a more comprehensive analysis.
Yes, HRIF pays dividends to its holders with the dividend yield of 8.12%.
HRIF trades at a premium (0.31%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HRIF shares are issued by Harvest Portfolios Group, Inc.
HRIF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 12, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.