HYLD: Hamilton Enhanced U.S. Covered Call ETF | 10% Dividend Yield | Q&A with Rob Wessel | QYLD/RYLD

[@ericmittens]

We are so spoiled for choice for income ETFs in Canada now. HDIV, HYLD, EIT.UN, the new HDIF. What a time to be alive.

[@PassiveIncomeInvesting]

Yes! it's just too easy :)

[@seanstours3913]

What a time to be alive indeed! I am so grateful to have these options!

[@thomasmatthews4261]

This channel does more for the Canadian working stiff than any level of government or politician in this country.

[@PassiveIncomeInvesting]

lol that’s for sure

[@iRonlMoNKleY]

Indeed. The government does very well in taking your money away.

[@williammcduff6531]

Adriano, Another great video and interview bravo! Glad to see Rob Wessel appreciates both your knowledge and understanding of his products and the business he's picking up courtesy of the group. Looking forward to more premium content going forward.

[@patrickbelanger6253]

Just bought 15 units of HDIV today. What an amazing ETF. I discovered it from your channel. Looking forward to learn more! Thank you!

[@shirleycrosner634]

Excellent lecture 👌 / I purchased - HYLD Today for my RRIF - THANK YOU 🙏 😀

[@pauljose1261]

Thank you Adrian for the excellent insight into this exciting new fund. I was impressed with Rob Wessel and his clear and consise answers in your HDIV interview. With HYLD, Rob has offered even further insight and educational knowledge for investors. I now have HCAL, HDIV, HYLD and after this video, I'm going to do my due diligence on HFIN for the conservative side of my portfolio.

[@valveman12]

I bought HYLD as soon as it came out. I also bought HFIN recently. They look good and should be a long hold for passive investing. I also hold QYLD and RYLD in my RRSP. Another excellent Video Adrian...

[@RockNcountrySTAR]

Love these passive stocks Adrian , I just bought some HYLD bc of this video , I also added some GDV, but I appreciate your channel and the great advice/picks, I own quite a few passive stocks now , mostly because of you and this channel so keep them coming.

[@philc824]

Did you get paid $ 0.1375 on your first distribution of HYLD as per the HYLD web site ? Or did you get paid less ?

[@henryhonda8408]

Should be very interesting........... here we go!!!

[@paulsantori8920]

The ITALIAN STALLION does it again!! Hard to believe it's been almost two years since I started following your channel. Cheers 🍻

[@majorsooho5126]

Hamilton ETF are very promising and they are Canadian

[@timothygoldsmith8419]

HYLD and HDIV are solid all around

[@MrChepburn]

Brilliant - love these reviews, and especially hearing directly from the fund manager! Can't wait for HDIF.TO from Harvest - HYLD + HDIV + HDIF = the covered call ETF trifecta ! Practically covers all of the North American markets.

[@MrChepburn]

@@LL-gz4qb yes aware of that but not concerned - I have a few other "redundancies" in my portfolio - but nothing I'm not happy with

[@PassiveIncomeInvesting]

There aren’t many amazing blue chips out there … overlap with the best companies is ok if you ask me … hdif doesn’t have qyld ryld or xyld …

[@MrChepburn]

@@LL-gz4qb I think one of the biggest advantages of these all-in-one ETFs is that I can consolidate and simplify my portfolio ( while bumping up the yield a little bit ) - I sold all of my individual ETFs and allocating to these. Have basically the same exposure considering they have 13 different ETFs combined inside them.

[@MrChepburn]

@@PassiveIncomeInvesting Exactly ! There are some redundancies - but not necessarily a bad thing in my opinion !

[@MrChepburn]

Add a relatively small amount of BTCY and ETHY - and I have my 34% allocation to covered call ETFs taken care of - 5 funds and done!

[@angelinachow1011]

Hi Adrian, can’t thank you enough for doing such great research to share with us. I have a couple of questions. 1) as the unit price increase, the dividend relative to the price falls. So new purchases will produce a lower and lower dividend rate. Will some of these high dividend eventually be reduced to producing the same as some high dividend stocks like the banks and telecommunications but with lower upside potential? 2) you had mentioned that you tend to invest most of your spare cash. When you sold your house and suddenly came into possession of hundreds of thousands of $, how did you start investing? I don’t mean what to buy but rather how much to buy at a time? Just use up all the cash in a day, a week, a month? As always your view is much appreciated!

[@PassiveIncomeInvesting]

I invested it all in one day 😉 , and no the dividend won’t get reduced , or it shouldn’t . The price has no effect on the dividend amount . The price (up or down) is simply capital appreciation or depreciation from the underlying

[@nickgiesinger8135]

This great news! I wanted to get into the QYLD/RYLD space and this an excellent way to do so!!! I will add this to my portfolio this month. Great interview/information. Thanks Adrian!!!!

[@philc824]

Did you get paid $ 0.1375 on the first HYLD distribution last week or did you receive $ 0.11 ?

[@Okanaganguy2021]

Great interview Adrian! I love these funds. I invested in both HDIV and HYLD perfect for my retirement income:)

[@marcomarchand731]

Solid information as usual. You don't disappoint. Thanks Adrian.

[@TheBenchPressBoss]

As a US guy here. Here is a break down of what I have- 200k in QYLD 200k RYLD 200k XYLD 200k JEPI- 75k DIVO 100k SCHD 25k SCHY- 30k QYLG 10k VNQ. Do you have any other favorite funds you would recommend? for a US guy? Current dividend is 8k a month and 9k every quarter.

[@PassiveIncomeInvesting]

Ya plenty , I got a us funds playlist . With that kind of money you can also get a consultation. It might be the best 300 you ever spend lol

[@SharkandSloth]

Yes!! Adding Hyld to the old portfolio

[@antoniorao5345]

Love the content, paesano. Gaining notoriety from the big boys! Good for you, brother.

[@falsejaguar]

Wow. Glad I watched this. This holds stuff I was already buying plus a few new ones. Looks great.

[@seanstours3913]

Just switched GDV to HYLD, oh happy day ✌️ will add GDV again in the future.

[@davidbellardini9666]

Being able to hold QYLD, RYLD, and XYLD in a TFSA with no witholding tax is very attractive.

[@davidbellardini9666]

@I Rojnica I think you missed my point. They are in the fund. Holding the fund does not subject you to the tax. The fund takes care of that. Adrian clarifies this in the video :) individually yes you would have to pay the tax.

[@StoicBarbarian]

I'm in. 👍 was looking for exactly this to add to long portfolio.

[@cutynobi21]

Since I saw your video, I bought HDIV that I love right now. The new one will be exciting! I will add on to my list for sure. Thanks, Adrian.

[@shootermacgavin1]

Love it, thanks Adriano and Rob!!

[@kaysjourneyasacanadiannurs4221]

Always amazing.Thank you for the inspiration Adrian!

[@jumbothompson]

Awesome. My new favourite fund. Hamilton ETFs in general has a bunch of great index funds.

[@TheBreamer999]

That was a great video. My RBC is not showing any data for HDIF, probably since it's that new

[@graydensgarage]

Finally! We’ve been waiting! I’m sure it will be an amazing video as always

[@tlc2104]

Looks like I will be putting some more of my money to work tomorrow morning....thank you Adrian for this video 👍👍👍

[@rb13818]

Hands down one of the best etf of the year

[@itsanogo]

Thank you!

[@anthony_38]

I'm not too sure for that 👍👍

[@seejay2951]

Thank you very much. Very informative as always.

[@basseon]

The fees of HYLD has been going up (2.42%) and its yield down. I'm gonna look for another main holding.

[@christophdenner8878]

Great interview, many thanks for your work! I recently bought these 2 funds and will further invest during this year.

[@justanotherchannel6097]

Beat Chris to it on a review, that’s all that matters. Good video Adrian.

[@dacxem]

Great interview, great fund, bravo my friend!

[@substanceo9335]

Awesome! I was wondering when this video would arrive. I knew you would approve so I bought some:)

[@scottjantzen7]

Great video. Thanks for sharing this great content. These interviews with fund managers add a high level of credibility to the message you've been sharing.

[@PassiveIncomeInvesting]

Appreciate it !

[@barbievonhausen4834]

Great funds. Nice that he said the yield will grow with the underlying holdings. I have to remember that the yield may also fall on a down trend. 🤞

[@PassiveIncomeInvesting]

Typically the yield and distributions will stay the same with these types of funds

[@Goforitmanager]

Another great pick and video. Thank you to both of you gentlemen.

[@minaskochumian2764]

Is there a downside to invest in HYLD for US investors?

[@nicolenorton4132]

Great video Adriano! Love your channel.

[@seanstours3913]

Another great video once again!

[@hopstiguy]

As always, thanks for the information. In a future video, could you discuss covered calls, what they are, how they work, and whether there's risk in investing in ETFs that utilize this strategy?

[@PassiveIncomeInvesting]

Already done … check out my covered call videos

[@SoulLead87]

This is a great ETF good job Adrian and Erica. Stay passive.

[@danb8379]

Great content, got both these ETF's..👍

[@johnmc128]

Good one, again as usual your channel is infomrative and very helpful.

[@carolineclement5928]

Never disappointed thank you for a video - I am ready to pick up this week!

[@PassiveIncomeInvesting]

OG

[@jasonstupak4535]

Watched and liked, thanks Adriano!

[@greengiant2486]

Great work loved the video!

[@courtneyrennie6723]

Please correct me if I am wrong but does leverage not carry a certain amount of inherent risk? This is why funds generally don't carry a 1.5 or 2x leverage ratio. Does leveraging the purchase of ETF's which already contains leveraged stocks make HYLD slightly riskier than owning the ETF's individually? Other than just simplicity, what is the advantage of owning HYLD over the individual ETF's since the yield is slightly lower and the fees are slightly higher? Just trying to be the devils' advocate I guess and will probably still get a small position in HYLD even though I own every single one of these ETF's already. Thanks again the video was extremely well laid out.

[@PassiveIncomeInvesting]

There’s no risk for buy and hold investors . What’s the risk ? A little more price fluctuations? So it’s nothing. Also the etfs inside hyld are not leveraged . Also since the fund is diversified and holds some gold producers , the fluctuations are lower .

[@courtneyrennie6723]

My apologies I thought that TXF and the other Canadian ETF's in this fund were all ready using leverage but I see now they are not. This fund will add a nice level of convenience. Thanks for clearing that up.

[@PassiveIncomeInvesting]

Np

[@MauriceBoulard]

the ex-dividend date is in 13 days but the paid amount is not yet known...

[@stephenbond3961]

Very good info

[@sidb9540]

I may sell my reit and just get this... and then add on to it when I get more $$ Thank you!!

[@mikeharrington1437]

Hi Adrian, I’m following your Portfolio #1 (Income, Target 8%) on the Canadian side. Should I make any changes to add in this holding?

[@PassiveIncomeInvesting]

Definitely, this along with others will be added to portfolio 1 when version 4 comes out .

[@petervigna3579]

Im gonna trade out my jepi for this

[@seanstours3913]

Which day in the month will HYLD dividend pay date occur? And Ex-Dividend Date? Thanks again

[@PassiveIncomeInvesting]

Probably same as hdiv

[@seanstours3913]

@@PassiveIncomeInvesting just checked there website looks like March 10th! And Ex-Dividend Date will be Feb 25th!

[@charlesrivers2647]

Check the prospectus.

[@tuffwith2effs899]

Let's. Go.

[@Rodrigo-ni4lv]

Hey I have a question for you bro I'm 24 years old I just started investing... Would you reccomend me to start investing into high income etfs like you or simply into the sp500 etfs for growth for net gains ? Like how much should I have in money to be invested before it makes sense to invest for income... Essentially my question might be who wins in like 40 year period simply investing for growth or does income investing will come to the same net gain but making easier to continue growing your portfolio because of drip or reinvesting dividend compared to investing your after tax dollars every pay cheque on growth etf? What would you say ? What should I focus on ? Hope this question makes sense

[@PassiveIncomeInvesting]

It makes perfect sense and my answer will be a little biased for sure . Typically and historically , investing in a low fee, passive index etf like an sp500 typically wins long term … but … your fate does reside with what the stock market . Nobody can really say what it will do in the next 40years. My way of investing is a more pessimistic way of investing where you make you money with time and income , so you are much less dependent on what the stock market does … personally I would always chose income investing , even thought chances are , your total return will be higher with growth . But thanks to great leveraged funds like hyld , it can change all that …

[@slappysurf]

Nice video Adrian. Would you be willing to do a video on covered call outlook in these times of rising inflation?

[@PassiveIncomeInvesting]

Not really , see my inflation video .

[@DarthTrader707]

Really great video. Thanks for this. Just to be clear....as a Canadian, I can invest in QYLD (or any US dividend fund or stock) in my RRSP, and not have anything withheld (so I can invest the full amount of the dividend payout into more shares as a DRIP), but if I invest in my regular stock account....or even my TSFA...I will have 15% withheld, and only have 85% to reinvest as DRIP, correct? Thanks in advance for the answer.

[@PassiveIncomeInvesting]

Correct

[@blanksy_-]

RRSP depends on your tax situation when you take the money out .

[@TheJohnmmullin]

At the risk of asking a silly question: can you reveal your own position in this fund?

[@PassiveIncomeInvesting]

Of course … in my portfolio unveil videos😉 usually once a month

[@Got2Learn]

Just got a darn big chunk of HYLD today, pretty sure theirs stats went flying out the roof LOLLLL

[@PassiveIncomeInvesting]

how much! great time for HYLD

[@Got2Learn]

@@PassiveIncomeInvesting 30k through all my accounts for now, but I plan on tanking hehe ;)

[@lmcgbaj]

Looking at HYLD performance on Yahoo and it was $52 in 2011 and it's $29 now. That is 45% loss almost. I am struggling to follow how this is a great performance. Is it because of the great yield? But your capital is constantly shrinking, no? What am I missing here?

[@PassiveIncomeInvesting]

Your looking at the wrong thing … hyld came out last week … you’re looking at the us listed one . 😂

[@jimmyers7570]

Some of the etfs have low markets caps. Would this be of concern to you?

[@PassiveIncomeInvesting]

Nope

[@Rob-ob3sh]

Hi Adrian are you buying HDIF from Harvest 8.5% yield and combines 5 ETF’s in one ? Did I miss your video on this one ?

[@PassiveIncomeInvesting]

You know I’ll make one . Patience my friend 😉

[@itsutchie7428]

Hi Adrian, thank you for your videos! They've been very informative and helpful. Just wanted to ask, would you hold HYLD in a taxable account?

[@PassiveIncomeInvesting]

Sure why wouldn’t I?

[@newfietubes]

Sorry if you have addressed this somewhere already or maybe you have a video on it, if so love to see it but what are your thoughts on borrowing money against paid off investment property, home equity line of credit etc or taking it out against personal property to enter into this at a much higher return? I am going to email you as I would like to set up a call with you as well just to get your thoughts! Love the channel.

[@PassiveIncomeInvesting]

It can make sense mathematically i still hate the fact you are borrowing to invest . On the end it’s what is best for you and you understand all the risks

[@nancyf9959]

So as an American, can I buy this fund? Or are you suggesting to buy the funds separately that are listed in HYLD???

[@PassiveIncomeInvesting]

You can , if your broker can access Canadian funds , but if you have to pay a withholding tax , it’s not worth it . Might as well stick with us listed funds

[@mehmetkemahli4677]

Another great video. Both HDIV and HYLD are look very interesting. My only concern is putting all my money to one brokerage company. Should i be worried?

[@PassiveIncomeInvesting]

No

[@dvee1983]

Is there an equivalent for the US traders? Thanks for all you do!

[@PassiveIncomeInvesting]

Not that I know of , but I found a really cool fund recently for you … it will be my us pick in the march picks of the month 😉

[@fredj4]

Man I wish there was an American equivalent.

[@bongkitopascual7655]

Hi, Adrian. Will this type of fund ( alongside hdiv & hdif ) possibly harm/kill the underlying funds over time since most would not buy them anymore? Why would they right? Moreover, those who have them still will sell them. Thanks.

[@PassiveIncomeInvesting]

No , that’s a non issue my friend

[@meganclarke5384]

excellent video as always! I am looking to build up my passive income rrsp. I was going to focus on QYLD an d RYLD but would this be a good alternative? and given it's on the TSX i could avoid the currency exchange :)

[@PassiveIncomeInvesting]

Definitely an option

[@ananditagangwar9988]

Does a covered call ETF also ONLY pay distributions if the NAV is above a certain dollar amount? For example DFN will only pay a dividend if the NAV is above $15. Is it the same for HYLD/ HDIV etc?

[@PassiveIncomeInvesting]

no, this rule only applies to split share funds

[@BlackieMiles1]

Looking at the historical highs and lows the 10 year, 5 year, and 1 year high has dropped dramatically from 53.45 on June of 2014 to 32.80 on Apr of 2021. It is currently at 28.67. How do you explain this?

[@PassiveIncomeInvesting]

You’re looking at the wrong stock …

[@filb]

If I hold HYLD.U in my RRSP, will it be exempt from dividend witholding tax? Now I heard you say that you the distribution without being taxed, but inside the fund, are they withheld even though it's the fund manager that takes care of it?

[@PassiveIncomeInvesting]

not exactly. because the fund manager still pays withholding taxes. but its transparent . see the latest HYLD video where we discuss this

[@no1no1655]

if you have, say 2.5 million, would you CONSIDER putting it all in this ETF? thanks for all answers and advice!

[@PassiveIncomeInvesting]

lol no

[@no1no1655]

@@PassiveIncomeInvesting so SEVERAL hi divs?

[@umarb4523]

The advertised Yield for HYLD is about 14-15%. I know that’s obviously subject to change and is currently around 10%. but is that what the annual rate of return is?

[@PassiveIncomeInvesting]

?? You mean total return ? It’s not even a year it’s out . So you gotta wait at least until then

[@umarb4523]

@@PassiveIncomeInvesting has HYLD not been around since 2019?

[@PassiveIncomeInvesting]

No, have you checked on their website ?

[@umarb4523]

@@PassiveIncomeInvesting I have it’s showing a graph since 2019 :/ for HYLD

[@PassiveIncomeInvesting]

Maybe you are looking at the wrong hyld . It came out in feb 2021

[@BigGroupHug]

I don't have unlimited cash flow. What position am I shifting away from to get exposure to Hamilton?

[@antonyyang3937]

New to dividend investing and was looking at QYLD. Currently with RBC mutual funds and ready to get out of that. Long time line before retirement (15-20 years), what would be a good mix for beginners in dividend investment?? Currently have a decent sized in RRSP and TFSA. Thanks.

[@salmaanejaz]

Great video. I have a question, I understand there will no 15% tax on HYLD as it is Canadian listed. If I hold HYLD in TFSA, what will happen to the foreign income portion of distribution? Will I pay tax on that portion?

[@PassiveIncomeInvesting]

No

[@dennispatterson1689]

So would you suggest selling my shares of all the included etf's & going all in on HYLD ? thanks , appreciate your views & videos .

[@PassiveIncomeInvesting]

Hard choice , yes if your yield would be higher

[@dennispatterson1689]

@@PassiveIncomeInvesting thanks for reply . will look at all holdings i guess & weigh options

[@antoniohu2518]

one question. how much mer we pay for HYLD 0.65 or 0.65+each one of these etfs' mer?

[@gsafrany]

It's explained in the video.

[@Emmanuel_360]

Always the main question with these covered call etf is, does the stock price of the etf will grow over time? or the hight distribution is part of your money and grind the growth of the etf over time...

[@PassiveIncomeInvesting]

The answer is always the same , they do whatever the underlying assets do but to a lesser extent because if the covered calls . Your return comes primarily from the income , not the growth. You cannot have this yield and expect high growth . So if you see a reduced growth rate as grinding ( which I don’t ) it might not be for you . It’s simply a way to get income instead of growth

[@MegsCarpentry-lovedogs]

@@PassiveIncomeInvesting Thanks for giving a response to explain with clarity. Look forward to your latest vid, today right😉👍🇨🇦, June 29,2022.

[@r.chambers2736]

Question. Why is Rob not allowed to talk about performance?

[@rickbold9337]

Hi Adrian, I just bought hyld , hdiv and hdif today and am excited for my retirement soon to take place. My question is how to determine the yield percentage for each fund. Is there a simple calculation? Thanks

[@PassiveIncomeInvesting]

Great job ! Yes very simple : annual dividend rate / your average share price

[@garyExposMtl]

Many times during this video, the distribution is called "dividend". Looking at their website, they also use that word too. So I'm guessing the distribution is a dividend and not Return of capital or capital gains. That's good. Do you know if they are eligible dividends?

[@PassiveIncomeInvesting]

No its a Distribution with various sources of income . Dividends, or eligible dividends are only on single Canadian companies

[@Grainismine]

Great video Adrian, thank you. I have a question regarding the MER. Is it simply 0.65% or is this 0.65% on top of all the underlying ETFs? That would make it quite expensive. Thanks in advance.

[@PassiveIncomeInvesting]

On top . Income is NET of fees

[@passivedividendsoptions]

🔥🔥🔥🔥

[@MrKappdogg]

I like to make USD but don't like the current exchange rate. If I purchased shares now would you advice journaling over the HYLD shares to HYLD.U when the exchange rate is more favorable?

[@PassiveIncomeInvesting]

Nah don’t break your head

[@investinggrind]

It was a really great Q &A video. I know it's 10% yield but what's the dividend in $? Thanks Adrian ❤

[@suzymail1000]

Hi Bill ..this what i got back in reply to this question: In general, for our ETFs, the ex-dividend date is the second to last business day of a month, and the payment date for distributions is 8 business days after the ex-date. We will issue a press release confirming the dates and amounts at least 5 business days before the ex-date.

[@PassiveIncomeInvesting]

You will find out in 2 weeks . It’s not declare yet but I’m guessing close to 1.6 annually . Since it started at 16$

[@BizarroLanigirod]

does this fund sell monthly covered calls/what's the expiration timeframes of the covered calls sold? and do they sell slightly OTM CCs?

[@PassiveIncomeInvesting]

Hyld simply holds 7 covered call etfs . It’s just a placeholder

[@xxkilroyxxx]

Hi Adrian - what is the overall MER of this fund? Given that the management fee is an additional 0.65 on top of the underlying fund

[@PassiveIncomeInvesting]

I don’t think it’s out yet since it’s a new fund . Whatever it is it’s worth it to me . These are specialized income funds . If fees are your main concern might as well buy a vanguard index fund and that’s it.

[@Tony-dd7ns]

hi Adrien, great video. Can you review XTD TD Split ? thanks....

[@PassiveIncomeInvesting]

Not into it …

[@Tony-dd7ns]

@@PassiveIncomeInvesting thanks Adrien....ciao

[@PassiveIncomeInvesting]

Doesn’t mean you shouldn’t invest in it if you really love td

[@dupaacct5956]

While this is a decent ETF.... the dividend is better on the cost per share and dividend payout for QYLD and RYLD.

[@PassiveIncomeInvesting]

That’s true but this is very convenient as it’s Canadian listed and more diversified

[@rouzbehmehr4244]

How much is the interest on the leveraged portion? These funds can hurt more when things go down even though they are covered call ETFs. Depending on the interest rate on the leveraged portion

[@PassiveIncomeInvesting]

Not if you just hold them … it’s a lot lower than the rate you can get that’s for sure

[@dawnawerbeski825]

Please state return of capital for each of these investments and explain to investors why they need to be aware of this. Thank you.

[@PassiveIncomeInvesting]

I have not 1 but 2 roc videos 😉

[@zawarasyed7079]

What does the 0.65% management fee? Are they charging monthly fee?

[@PassiveIncomeInvesting]

It’s explained in the video.