Investment Q&A

• Purpose US Cash Fund (PSU.U $100.05)
  • $100.05 Cap: $706M
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• Invesco S&P 500 High Dividend Low Volatility ETF (SPHD $48.65)
  • $48.65 P/E (TTM): 15.5X Cap: $3.07B
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• Global X SuperDividend ETF (SDIV $24.23)
  • $24.23 P/E (TTM): 16.55X Cap: $1.03B
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• Global X SuperDividend U.S. ETF (DIV $17.85)
  • $17.85 P/E (TTM): 14.61X Cap: $650M
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• US High Interest Savings Account Fund (HISU.U $100.07)
  • $100.07 Cap: $437M
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• Global X USD High Interest Savings ETF (UCSH.U $50.04)
  • $50.04 P/E (TTM): 58.68X Cap: $260M
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Q: Hi folks
I am looking to park some US cash in a high dividend or interest US ETF that pays monthly. May I have a few ideas
Much thanks

Upvote 3

Read Answer Asked by El-ann on May 15, 2024

• Williams-Sonoma Inc. (DE) (WSM $180.01)
  • $180.01 P/E (TTM): 20.2X Cap: $21.67B
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Q: OUSM: Kevin O’Leary mentioned this ETF that he helped design on BNN on Friday. It covers 380 companies of the Russell 2000 Index that are profitable. It also pays a monthly distribution. What are your thoughts ?

Upvote 4

Read Answer Asked by Thomas on May 15, 2024

• BMO Covered Call Utilities ETF (ZWU $11.41)
  • $11.41 P/E (TTM): 18.74X Cap: $1.97B
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Q: Is the main purpose of a covered call ETF to increase income but have a flip side to potentially limit gain?

Upvote 3

Read Answer Asked by Steve on May 14, 2024

• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $42.67)
  • $42.67 P/E (TTM): 0.23X Cap: $7.47B
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Q: Hi

Is there a preferred account in which to hold VIU from a tax perspective?

Thanks
Robert

Upvote 3

Read Answer Asked by Robert on May 14, 2024

• Enbridge Inc. (ENB $67.93)
  • $67.93 P/E (TTM): 25.98X Cap: $148.17B
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• Fortis Inc. (FTS $73.26)
  • $73.26 P/E (TTM): 20.99X Cap: $37.02B
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• BMO Covered Call Utilities ETF (ZWU $11.41)
  • $11.41 P/E (TTM): 18.74X Cap: $1.97B
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• BCE Inc. (BCE $23.51)
  • $23.51 P/E (TTM): 4.94X Cap: $21.95B
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Q: Hi team. I have ZWU as my main utilities holding @ 11% and I also have positions in BCE and ENB on their own. ZWU has both BCE and ENB in their top 10 holdings. In your opinion am I participating in "di-worsification" by holding BCE and ENB outside of ZWU. Would you sell both BCE and ENB and fold the funds back into ZWU? I'm ok letting ZWU go to +/- 15% of my portfolio. Appreciate your thoughts. Bill.

Upvote 5

Read Answer Asked by William on May 14, 2024

• iShares Diversified Monthly Income ETF (XTR $11.82)
  • $11.82 P/E (TTM): 19.12X Cap: $367M
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• Franklin Global Core Bond Fund (FLGA $19.09)
  • $19.09 Cap: $431M
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Q: I hold both etfs in my riff and I am looking at reducing a % in one to satisfy my 2024 withdrawal for tax requirements. Would you recommend which one and reasoning? Thanx.

Upvote 1

Read Answer Asked by Steve on May 14, 2024

• iShares Core Canadian Long Term Bond Index ETF (XLB $19.23)
  • $19.23 Cap: $884M
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Q: Feels like the right time to step into long term bonds. Do you agree and what would be your maximum allocation in an income portfolio? Thanks as always.

Upvote 2

Read Answer Asked by Curtis on May 13, 2024

• Purpose US Cash Fund (PSU.U $100.05)
  • $100.05 Cap: $706M
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• BMO US Preferred Share Index ETF (ZUP.U $18.39)
  • $18.39 P/E (TTM): 3.39X Cap: $9M
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• BMO Premium Yield ETF (ZPAY.U $30.58)
  • $30.58 P/E (TTM): 27.25X Cap: $34M
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• BMO Monthly Income ETF (ZMI.U $9.92)
  • $9.92 P/E (TTM): 17.94X Cap: $73M
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• BMO Covered Call Canadian Banks ETF (ZWB.U $29.25)
  • $29.25 P/E (TTM): 11.7X Cap: $18M
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• US High Interest Savings Account Fund (HISU.U $100.07)
  • $100.07 Cap: $437M
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Q: I am looking for US dollar income in a non registered account. What is your view on zpay.u for this purpose. Are there any other etfs you would recommend as an option?

Upvote 4

Read Answer Asked by James on May 13, 2024

• Miscellaneous (MISC)
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Q: Knowing that portfolio allocations need to be very personal, but would 30% Canada, 45% US, and 25% international work as a general guideline for 60% equity portion of a new RRIF account?
Would you change the 40% fixed portion consisting of 20% 1-year GICs, and the remaining 20% of XHY, CVD, CPD, Bonds mutual fund (currently at loss)?
Thank you for such a great service.

Upvote 3

Read Answer Asked by Hali on May 13, 2024

• iShares Core MSCI All Country World ex Canada Index ETF (XAW $51.98)
  • $51.98 P/E (TTM): 21.04X Cap: $3.49B
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Q: This ETF has been recommended as a primary holding by a financial advisor. I see that it pays a small dividend. Do you know if there would be an annual capital gain/loss even if a person continues to hold? What are your comments (good and bad) about having this as part of their portfolio?

Upvote 3

Read Answer Asked by Brenda on May 13, 2024

• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $42.67)
  • $42.67 P/E (TTM): 0.23X Cap: $7.47B
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Q: Hi folks,

I hold VI but I know you prefer the unhedged version, VIU. For me to make that change, would I just sell my VI and buy VIU on the same day as I'm sure they won't move much intraday. It's in my RRSP so no tax issues.

Thanks
Robert

Upvote 2

Read Answer Asked by Robert on May 13, 2024

• iShares Canadian Value Index ETF (XCV $50.37)
  • $50.37 P/E (TTM): 11.48X Cap: $105M
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Q: Your opinions of the Mutual funds listed and suggestions of lower fee ETFs'. Much appreciated- ane

Upvote 1

Read Answer Asked by jane on May 10, 2024

Q: Is there a Canadian ETF similar to the Sprott Uranium ETF URNM which only trades in the US .

Upvote 1

Read Answer Asked by Guy R. on May 10, 2024

• BMO S&P 500 Index ETF (ZSP $104.88)
  • $104.88 P/E (TTM): 26.73X Cap: $21.26B
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• BMO S&P 500 Index ETF (ZSP.U $75.02)
  • $75.02 P/E (TTM): 26.73X Cap: $2.37B
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Q: Presumably ZSP and ZSP.U are identical except for the currency. Does ZSP.U also pay its distributions in USD? I currently own ZSP. Do you if it is possible to directly convert ZSP to ZSP.U or do I have to through the process of selling ZSP, converting the cash to USD and then buying in ZSP.U using USD? Thanks as always. Your service is great.

Upvote 4

Read Answer Asked by Andre on May 10, 2024

• iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO $18.63)
  • $18.63 Cap: $784M
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• iShares Core Canadian Universe Bond Index ETF (XBB $28.58)
  • $28.58 Cap: $9.01B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $50.21)
  • $50.21 P/E (TTM): 20.73X Cap: $20.99B
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• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.70)
  • $16.70 Cap: $949M
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• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $42.67)
  • $42.67 P/E (TTM): 0.23X Cap: $7.47B
  • View VIU Profile
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• Vanguard S&P 500 ETF (VOO $628.41)
  • $628.41 P/E (TTM): 27.51X Cap: $790.79B
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Q: Hoping you could suggest an ETF portfolio for an RRSP account with a minimum 12 years until withdrawals are made. The account is starting from scratch.
Thanks

Upvote 5

Read Answer Asked by Curtis on May 10, 2024

• Global X S&P 500 Index Corporate Class ETF (HXS $98.54)
  • $98.54 Cap: $5.34B
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• Vanguard S&P 500 Index ETF (VFV $170.08)
  • $170.08 P/E (TTM): 27.07X Cap: $27.79B
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Q: Do you prefer HXS or VFV for a FHSA with a timeline of 3-5 years? and what would be your reasoning?

Upvote 4

Read Answer Asked by Kaycee on May 10, 2024

• iShares S&P/TSX Capped Financials Index ETF (XFN $75.06)
  • $75.06 P/E (TTM): 11.82X Cap: $1.91B
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• BMO Equal Weight Utilities Index ETF (ZUT $25.84)
  • $25.84 P/E (TTM): 18.29X Cap: $828M
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Q: I've got 5 years left before retirement, and I want to slowly roll my RRSP from equities to etf's over the 5 years. This year I'd like to buy a few that will have growth over the coming 5 years, thinking of beaten-up sectors like telco's and banks - do you think they have a runway for a 5-year plus hold (also thinking they have a good dividend, jumping in now), and what which etf's would you suggest if you agree with these sectors, or in other sectors. Thanks!

Upvote 5

Read Answer Asked by Kim on May 09, 2024

• Hamilton Enhanced U.S. Covered Call ETF (HYLD.U $15.90)
  • $15.90 P/E (TTM): 29.89X Cap: $74M
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Q: In my taxed investment account I’m looking to increase my USD monthly income. I have Canadian banks, utilities, telecoms in USD so I receive their dividends in USD’s. What do you think about adding a covered call like HYLD.u or other? (prefer to avoid withholding tax). Thx!

Upvote 4

Read Answer Asked by Dan on May 09, 2024

• BMO S&P 500 Index ETF (ZSP $104.88)
  • $104.88 P/E (TTM): 26.73X Cap: $21.26B
  • View ZSP Profile
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• BMO S&P 500 Index ETF (ZSP.U $75.02)
  • $75.02 P/E (TTM): 26.73X Cap: $2.37B
  • View ZSP.U Profile
  • View Questions on ZSP.U

Q: I've read your most recent questions on ZSP.U and you stated that this ETF was exempt from US withholding tax but it is a Canadian listed ETF so I'm not sure, could you please clarify. Also could I journal ZSP to ZSP.U. Thanks

Upvote 2

Read Answer Asked by Cheryl on May 09, 2024

• Global X S&P 500 Index Corporate Class ETF (HXS $98.54)
  • $98.54 Cap: $5.34B
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• Global X S&P/TSX 60 Index Corporate Class ETF (HXT $82.11)
  • $82.11 Cap: $4.62B
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• Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM $58.43)
  • $58.43 Cap: $908M
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• Global X Emerging Markets Equity Index Corporate Class ETF (HXEM $47.35)
  • $47.35 Cap: $124M
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Q: Has Horizon simply changed its name or has it sold to a new company?? The above funds are now called Global X.... If sold, can you please tell me about the new company.
Thanks!

Upvote 3

Read Answer Asked by Grant on May 09, 2024