HHIS has gathered $750M in assets already and is doing well (up 19.3% in 3 months). It owns a portfolio of single stock high income ETFs that engage in covered call strategies. Owning about 14 different funds, it is at least somewhat diverse. Since it has not had a year history, we do not have the tax breakdown, but we would fully expect it to be largely taxed as capital gains and return of capital. We would consider HHIS a bit risky overall, but it has some positive features. We would prefer to see a longer performance history of course, and its holdings are mostly expensive 'mega cap' US securities. FFIX only has assets of $7M, but we have nothing against its core bond strategy and its holdings look fine to us. FCIP has $32M, with about 30% equity exposure and 70% fixed income. Canada represents 67% of the fund. We would consider it a decent one-stop solution, certainly, but again would like to see longer performance numbers. One month return is 1.71%. But we are fully comfortable with its strategy and set up.
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