Overview
The Harvest ASML Enhanced High Income Shares ETF invests all its assets, directly or indirectly, in shares of ASML Holding NV, which provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.
Fund Focus
The Harvest ASML Enhanced High Income Shares ETF (TSX: ASLE) provides access to the growth potential of ASML Holding NV and overlays an active covered call writing strategy on up to 50% of the position to provide monthly cash distributions to its unitholders. It applies modest leverage at around 25% for enhanced income and growth potential. Units of the ETF are available in CAD.
Advantages
- US Stock + Monthly Income
- Canadian Trust Unit
- Tax Efficiency
- Lower Purchase Price
- Applies modest leverage to enhance monthly income in CAD
| Fund Details | As at 11/26/04 |
|---|---|
| Ticker | ASME |
| Reference Asset | ASML |
| Distribution (per unit) | TBD |
| NAV | TBD |
| MKT (Close) | TBD |
| AUM | TBD |
| Currency | CAD-Unhedged |
| Management Fee | 0.40% |
| Risk Rating | High |
More Details
| CUSIP | 41752D105 |
| Inception | TBD |
| Eligible | RRSP / TFSA / RRIF / RESP / FHSA |
| Distribution | Monthly Variable |
| Distribution Method | Cash/DRIP |
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Disclaimer
Commissions, management fees and expenses all may be associated with investing in Harvest High Income Shares ETFs managed by Harvest Portfolios Group Inc. (the “Funds” or a “Fund”). Please read the relevant prospectus before investing. The Funds’ returns are not guaranteed, their values change frequently, and past performance may not be repeated. Tax investment and all other decisions should be made with guidance from a qualified professional.
Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into available ETF Class Units of the Fund. If a Fund earns less than the amounts distributed, the difference is a return of capital.
The Fund is categorized as a liquid alternative ETF. This means it has the ability to use leverage and can invest more than 10% of its assets in a single issuer. The Fund employs modest leverage of approximately 25%, which can amplify both gains and losses.
Certain statements included in this communication constitute forward-looking statements (“FLS”, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Funds. The FLS are not historical facts but reflect the Harvest’s and the portfolio manager of the Funds current expectations regarding future results or events. These FLS are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Harvest and the portfolio manager of the Funds believe that the assumptions inherent in the FLS are reasonable, FLS are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, Harvest and the portfolio manager of the Funds undertake no obligation to update publicly or otherwise revise any FLS or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
All rights to the trademarks and/or logos listed herein belong to their respective owners and Harvest ETFs use hereof does not imply any affiliation with, or endorsement by the owners of these trademarks and/or logos.
* Pending final prospectus receipt and TSX listing approval.