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BMO Canadian High Dividend Covered Call ETF (ZWC $21.52)
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Hamilton Enhanced Canadian Covered Call ETF (HDIV $21.20)
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Hamilton Enhanced U.S. Covered Call ETF (HYLD $14.03)
Q: Dear Team:
After reading many of your Q&As. I understand the drawbacks of Covered Call ETFs!
IF I want to hold Canadian Covered call ETFs in my Non-Regd accounts, which two or three would your favourite (in a tax advantageous manner withdrawal).
Also, if you can direct me to the issue that addresses Covered Call ETFs in your ETF &MF Newsletter, I would appreciate it! May I request you once again to add search function in ETF&MF Newsletter! At least a yearly index for the articles. That way, I don't need to bug you often!
Many thanks.
After reading many of your Q&As. I understand the drawbacks of Covered Call ETFs!
IF I want to hold Canadian Covered call ETFs in my Non-Regd accounts, which two or three would your favourite (in a tax advantageous manner withdrawal).
Also, if you can direct me to the issue that addresses Covered Call ETFs in your ETF &MF Newsletter, I would appreciate it! May I request you once again to add search function in ETF&MF Newsletter! At least a yearly index for the articles. That way, I don't need to bug you often!
Many thanks.
5i Research Answer:
For Canadian covered call ETFs, we like: HDIV (but it does use 25% leverage), ZWC, HYLD (uses 25% leverage).
The covered call ETFs article is in the December 2025 issue of the ETF Update.
Thank you for your suggestion and feedback, while we cannot make any promises, it is a useful feature and we will look into this.