Key stats
About HARVEST PALANTIR ENHANCED HIGH INCO UNITS CLASS A
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Inception date
Jan 16, 2025
Structure
Canadian Mutual Fund Corporation (ON)
Tax on distributions
Ordinary income
Primary advisor
Harvest Portfolios Group, Inc.
The fund seeks to provide long-term capital appreciation by investing on a leveraged basis in Palantir (ticker: PLTR) shares and high monthly cash distributions. The actively managed ETF also employs an active covered call strategy, reviewed monthly, on up to 50% of the portfolio. Call options are typically written at-the-money, but the manager may write out-of-the-money options at its discretion. This strategy limits participation in potential gains in exchange for income. The fund may invest up to 100% of its assets directly or indirectly in Palantir stocks and could apply a modest leverage of up to around 25%. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own stock research before initiating a position and trade with conviction.
Classification
What's in the fund
Exposure type
Technology Services
Stock breakdown by region
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