The Harvest Apple Enhanced Income ETF is a single-stock exchange-traded fund designed to provide investors with exposure to Apple Inc. while generating high monthly income. This ETF invests, directly or indirectly, in Apple’s common stock and utilizes an active covered call writing strategy on up to 50% of its portfolio. By selling call options, the fund seeks to deliver enhanced monthly cash distributions to unitholders. Additionally, the ETF applies modest leverage of approximately 25%, aiming to increase both income and growth potential. Offered as Canadian trust units, it provides a tax-efficient way for Canadian investors to access the growth prospects of Apple, one of the world’s leading technology companies, along with a steady stream of income. The ETF’s structure caters to those seeking participation in Apple’s performance, with the added benefit of income generation through the covered call strategy, making it suitable for income-focused investors looking for exposure to a prominent US technology stock within the Canadian market context. The fund's monthly distributions and accessible purchase price further enhance its appeal among investors prioritizing both growth and regular income.
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