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  5. ZWC: Hello, just wanted your updated opinion on HLIF to generate income. [BMO Canadian High Dividend Covered Call ETF]
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Q: Hello, just wanted your updated opinion on HLIF to generate income. I would also appreciate another choice of covered call ETF with more history and with which you would be comfortable for maximum income without undue risk. Thanks.
Asked by Martin on June 08, 2023
5i Research Answer:

We don't have any problem with HLIF, only that it focuses on a concentrated (30) number of holdings, which can add more risk, especially for a covered call portfolio. The current yield is attractive but the MER of 0.99% is on the higher end compared to peers. We also like ZWC and ZWH. 

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