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Horizons Enhanced All-Equity Asset Allocation Covered Call ETF (EQCL.TO) seeks to provide a combination of a high level of income and long-term capital growth, primarily by investing, directly or indirectly, in exchange traded funds that provide exposure to a globally diversified portfolio of equity securities. To generate premiums, EQCL will be exposed to a dynamic covered call option writing program.
EQCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.
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Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN |
$500.00 CAD $400.00 USD | $99.99 CAD | $79.99 USD | $99.99 CAD | $12.99 CAD $9.99 USD |
What is the Best Covered Call ETF in Canada?
- BMAX.TO: Brompton Enhanced Multi-Asset Income ETF
- EQCL.TO: Horizons Enhanced All-Equity Asset Allocation Covered Call ETF
- GRCC.TO: Horizons Growth Asset Allocation Covered Call ETF
- HDIF.TO: Harvest Diversified Monthly Income ETF
- HDIV.TO: Hamilton Enhanced Multi-Sector Covered Call ETF
- HRIF.TO: Harvest Diversified Equity Income ETF
- HYLD.TO: Hamilton Enhanced U.S. Covered Call ETF
- ZWQT.TO: BMO Global Enhanced Income Fund
Here is a table comparing similar covered call ETFs as of September 30, 2023.
Manager | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
ETF | ZWQT | BMAX.TO | HDIV.TO | HYLD.TO | HDIF.TO | EQCL.TO |
Inception | 2023-06-19 | 2022-10-18 | 2021-07-19 | 2022-02-04 | 2022-02-04 | 2023-10-11 |
MER | 0.73% | 2.59% | 2.39% | 2.08% | 1.58% | N/A |
AUM | $4,300,000 | $62,000,000 | $345,800,000 | $434,500,000 | $310,120,000 | $3,575,023 |
1Y | N/A | N/A | 14.28% | 19.44% | 9.65% | N/A |
3Y | N/A | N/A | N/A | N/A | N/A | N/A |
5Y | N/A | N/A | N/A | N/A | N/A | N/A |
10Y | N/A | N/A | N/A | N/A | N/A | N/A |
![](https://moneyguynow.com/wp-content/uploads/2023/11/EQCL-ETF-2-791x1024.webp)