Find stable retirement income in US dollars
For thousands of Canadians, living a dream retirement means time in the sun, escaping Canadian winters on a piece of sun-soaked property in states like Florida or Arizona. The snowbird lifestyle is certainly appealing, but drawing income that you can spend Stateside can add challenges and headaches to what should be a simple time. The consistent income provided by Harvest’s suite of equity & fixed income ETFs is already helping thousands of Canadian investors live those dreams through a mechanism designed for snowbirds.
That mechanism is the “U” units of our equity income ETFs. These are Canadian-listed versions of Harvest’s monthly income paying ETFs that are US dollar denominated. That means they pay income in USD, avoiding expensive currency conversions, but because they’re Canadian listed they are not subject to US estate tax in the way an American holding might be. These ETFs are still RRSP, RRIF, and TFSA eligible, but they offer advantages for anyone spending long periods of time south of the border.
The ETFs below offer a “U” units, generating steady income through Harvest’s covered call strategy and pay monthly income in US dollars.
The Harvest Healthcare Leaders Income ETF (HHL.U : TSX)
The largest covered call healthcare ETF in Canada, HHL captures some of the healthcare sector’s largest players and innovation drivers. The ETF has consistently paid monthly tax efficient income is US dollars and offers growth potential with exposure to a sector with serious long-term demand dynamics, driven by global demographic and economic shifts.
The Harvest Brand Leaders Plus ETF (HBF.U : TSX)
This ETF holds a basket of well-known global brands. Companies with dominant market shares, global revenues, and growth prospects in any market cycle. We trust and buy brands like Apple, Google, Nike, and Microsoft, and through HBF.U. investors can generate US income from those brands. Always check the website for current portfolio holdings.
The Harvest US Bank Leaders Income ETF (HUBL.U : TSX)
The US banking sector is generally considered to be robust, competitive, and essential to the functioning of the global economy. This ETF offers exposure to that sector through a basket of large banking and financial companies, while paying consistent monthly income in US dollars.
The Harvest Tech Achievers Growth & Income ETF (HTA.U : TSX)
Technology shapes everything we do and touch in our lives today and the tech sector has grown in line with its paramount place in the world. This ETF offers exposure to the growth of leaders in the tech sector.
The Harvest Premium Yield Treasury ETF (HPYT.U : TSX)
Investors seek fixed income investments for stability and capital preservation. Combining high credit quality US Treasury bond ETFs with a covered call strategy offers income through regular interest payments, principal return, and covered call premiums. The Harvest Premium Yield Treasury ETF holds longer-dated US Treasury bonds that are secured by the full faith and credit of the US government. The ETF employs up to 100% covered call writing to maximize the cashflow paid monthly to unitholders.
The Harvest Premium Yield 7-10 Year Treasury ETF (HPYM.U : TSX)
Investors pursue fixed income for stability and capital preservation. By merging top-tier US Treasury bond ETFs with a covered call strategy, they gain income from regular interest payments, principal return, and covered call premiums. The Harvest Premium Yield 7-10 Year Treasury ETF focuses on medium-term US Treasury bonds, backed by the full faith and credit of the US government. Utilizing up to 100% covered call writing, the ETF aims to optimize monthly cash flow for unitholders. This strategy aligns with capital preservation goals, providing a reliable dual-income stream.
You can see in these ETFs a significant investable universe that has been pointed in the direction of income generation, and offered in US dollars to provide simple income that retirees can use, whatever side of the border they find themselves on.
