What does Harvest Costco Enhanced High Income Shares ETF Trust Unit A invest in?▾
The fund seeks to provide long-term capital appreciation by investing on a leveraged basis in Costco Wholesale Corporation (ticker: COST) shares and high monthly cash distributions. The actively managed ETF also employs an active covered call strategy, reviewed monthly, on up to 50% of the portfolio. Call options are typically written at-the-money, but the manager may write out-of-the-money options at its discretion. This strategy limits participation in potential gains in exchange for income. The fund may invest up to 100% of its assets directly or indirectly in COST shares and could apply a...
