In response to strong demand for its expanding suite of single-stock ETFs, Harvest has introduced seven new Harvest High Income Shares ETFs. This expansion provides investors with additional opportunities to generate enhanced monthly income from more of the world’s most influential companies.
After the release of the preliminary prospectus, Harvest ETFs President and CEO Michael Kovacs had this to say: “These are exciting widely held companies. and using our covered call option strategy, the ETFs seek to deliver high levels of monthly income for investors. For over 15 years, Harvest has been committed to bringing innovative growth and high-income investment opportunities to the Canadian market.”
Companies covered by new Harvest High Income Shares ETFs
Investors now have access to five companies that were not previously offered in Harvest’s High Income Shares lineup: Alphabet, AMD, Broadcom, Costco, and Netflix. These new offerings will provide amplified exposure by using modest leverage of approximately 25%.
Harvest Alphabet Enhanced High Income Shares ETF (GOGY:TSX)
- Invests all its assets, directly or indirectly, in Class A shares of Alphabet Inc (Alphabet)
Harvest AMD Enhanced High Income Shares ETF (AMDY:TSX)
- Invests all its assets, directly or indirectly, in shares of Advanced Micro Devices, Inc. (AMD)
Harvest Broadcom Enhanced High Income Shares ETF (AVGY:TSX)
- Invests all its assets, directly or indirectly, in shares of Broadcom Inc. (Broadcom)
Harvest Costco Enhanced High Income Shares ETF (COSY:TSX)
- Invests all its assets, directly or indirectly, in shares of Costco Wholesale Corp. (Costco)
Harvest Netflix Enhanced High Income Shares ETF (NFLY:TSX)
- Invests all its assets, directly or indirectly, in shares of Netflix, Inc. (Netflix)
MicroStrategy and Coinbase High Income Shares, now with leverage
Harvest High Income Shares ETFs already introduced iterations that offered exposure to MicroStrategy, a Bitcoin treasury company, and Coinbase, one of the world’s leading cryptocurrency exchanges. The Harvest MicroStrategy High Income Shares ETF (MSTY:TSX)and the Harvest Coinbase High Income Shares ETF (CONY:TSX) launched in January 2025. These single stock ETFs provide exposure to MicroStrategy and Coinbase, overlayed with an active covered call writing strategy to generate high monthly cash distributions.
Now, the Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE:TSX) and Harvest Coinbase Enhanced High Income Shares ETF (CNYE:TSX) will invest, directly or indirectly, in the same single stocks overlayed with a covered call strategy. MSTE and CNYE employ modest leverage of approximately 25% to help generate even higher levels of monthly income and growth potential.
The Harvest approach: Innovation and higher monthly income
Harvest High Income Shares ETFs employ a covered call writing strategy with up to a 50% write level. Our portfolio management team has stress tested these equities with an average 2-year implied volatility. The team found that they can produce high levels of income at much lower write levels. A 50% write level, therefore, provides a conservative floor to ensure unitholders will be able to have reliable high-income generation every month.
Harvest single stock ETFs | Top US stocks and high monthly income
*USD series are available
**Announced distribution payable on April 9, 2025 with record date as of March 31, 2025
† Except for the recently launched funds, the above distributions are the most recent payable on March 7, 2025
Summary
Harvest High Income Shares ETFs focus on generating high monthly cash distributions that are tax efficient, while providing access to the upside of the individual stock. These are Canadian securities.
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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.
