Canoe EIT Income Fund (EIT.UN)

Canoe EIT Income Fund (EIT.UN $15.42)
- $15.42 Cap: $2.44B
- View EIT.UN Profile
- View Questions on EIT.UN

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BMO Covered Call Utilities ETF (ZWU $11.36)
- $11.36 P/E (TTM): 18.74X Cap: $1.94B
- View ZWU Profile
- View Questions on ZWU
CI Tech Giants Covered Call ETF (TXF $22.27)
- $22.27 P/E (TTM): 37.32X Cap: $678M
- View TXF Profile
- View Questions on TXF
Canoe EIT Income Fund (EIT.UN $15.42)
- $15.42 Cap: $2.44B
- View EIT.UN Profile
- View Questions on EIT.UN
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.51)
- $13.51 P/E (TTM): 19.67X Cap: $928M
- View UMAX Profile
- View Questions on UMAX

Q: Hello!
Now that I’ve reached the age of RRIF withdrawals, I’m looking more closely at income and therefore at covered-call ETFs.
I understand that these instruments don’t fully share in the upsides, but the income of ETFs like EIT, TXF and ZWU is pretty solid.
I’ve also been looking at UMAX its unbelievable 14% yield, but I also see that the unit price has declined quite dramatically over the last few years.
So questions are, how do you feel about these ETFs for income? And if you’re okay with them, which would you recommend?
Thanks for all your help
Michael

Read Answer Asked by Michael on November 05, 2025

iShares Canadian Financial Monthly Income ETF (FIE $9.50)
- $9.50 P/E (TTM): 9.77X Cap: $1.22B
- View FIE Profile
- View Questions on FIE
CI Tech Giants Covered Call ETF (TXF $22.27)
- $22.27 P/E (TTM): 37.32X Cap: $678M
- View TXF Profile
- View Questions on TXF
Canoe EIT Income Fund (EIT.UN $15.42)
- $15.42 Cap: $2.44B
- View EIT.UN Profile
- View Questions on EIT.UN
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.51)
- $13.51 P/E (TTM): 19.67X Cap: $928M
- View UMAX Profile
- View Questions on UMAX

Q: I am relooking at the Fixed Income portion of my portfolio. The bulk is bond funds, but it also includes a few GIC’s and a HISA. But what about Preferred Shares, EIT, FIE, TXF, and UMAX, all of which I hold STRICKLY for their distributions? I am currently grouping them in with my dividend stocks but maybe they should be included in Fixed Income? EIT and FIE have paid out the same distribution for ten plus years. Thanks.

Read Answer Asked by Kim on June 30, 2025

American Express Company (AXP $352.89)
- $352.89 P/E (TTM): 23.09X Cap: $243.08B
- View AXP Profile
- View Questions on AXP
Wells Fargo & Company (WFC $83.11)
- $83.11 P/E (TTM): 13.57X Cap: $260.88B
- View WFC Profile
- View Questions on WFC
Canoe EIT Income Fund (EIT.UN $15.42)
- $15.42 Cap: $2.44B
- View EIT.UN Profile
- View Questions on EIT.UN
Hamilton Enhanced Canadian Covered Call ETF (HDIV $20.19)
- $20.19 P/E (TTM): 17.49X Cap: $984M
- View HDIV Profile
- View Questions on HDIV
Evolve S&P/TSX 60 Enhanced Yield Fund (ETSX $22.94)
- $22.94 P/E (TTM): 18.24X Cap: $79M
- View ETSX Profile
- View Questions on ETSX

Q: You recently answered a question about HDIV and ETSX. I currently own ETSX and have been happy with the income and growth it has generated. I am thinking of adding HDIV or EIT.UN.
Could I get your comments on EIT.UN as a comparison to the other 2 funds?
I am a retiree looking primarily for steady income with some growth.

Read Answer Asked by Bruce on May 27, 2025