(HBF) Harvest Brand Leaders Plus - Ratings and Ratios

The Harvest Brand Leaders Plus Income ETF (HBF) is designed to provide investors with a regular income stream, potential for capital appreciation, and reduced portfolio volatility compared to directly holding equity securities of brand leaders. To achieve this, the ETF employs a covered call options writing strategy on up to 33% of its portfolio securities, adjusting the level of option writing based on market conditions.

From a performance perspective, key metrics to monitor would include the ETFs yield, which is likely driven by the covered call options strategy, as well as its beta relative to the Morningstar US Market TR CAD index. A lower beta would indicate that the ETF is meeting its objective of reducing portfolio volatility. The ETFs tracking error against this index is also an important metric, as it measures the ETFs ability to replicate the indexs returns.

In terms of portfolio composition, it would be useful to examine the ETFs sector allocation, as well as its top holdings, to understand the sources of its returns and potential areas of risk concentration. Additionally, the ETFs expense ratio and trading volume are important considerations, as they impact the investors net returns and ability to enter or exit the position. With an AUM of $450.70M CAD, the ETF has a reasonable size, but its liquidity and trading costs should be evaluated in the context of an investors overall strategy.

To further assess the ETFs performance, one could analyze its historical returns relative to the benchmark index, as well as its peer group within the US Equity ETF category. Key performance indicators (KPIs) such as the Sharpe ratio, Sortino ratio, and information ratio would provide additional insights into the ETFs risk-adjusted returns and the effectiveness of its investment strategy.