(HDIF) Harvest Diversified Monthly - Ratings and Ratios

The Harvest Diversified Monthly Income ETF (HDIF) is an Alternative Equity Focused exchange-traded fund (ETF) originating from Canada, with the ticker symbol TO:HDIF. It is designed to provide a diversified monthly income stream to investors.

From a performance perspective, HDIF has demonstrated stability, with its current price of $8.56 CAD. The funds moving averages (SMA20, SMA50, SMA200) indicate a relatively stable trend, suggesting a consistent investment strategy. The Average True Range (ATR) of 0.08 (0.97%) implies a moderate level of volatility.

To further evaluate HDIFs performance, key performance indicators (KPIs) such as the dividend yield, payout ratio, and expense ratio can be considered. A high dividend yield could indicate an attractive income stream, while a reasonable expense ratio would suggest cost-effective management. Additionally, metrics like the funds Sharpe ratio, Sortino ratio, and beta can provide insights into its risk-adjusted performance and correlation with the broader market.

With Assets Under Management (AUM) of $412.72M CAD, HDIF has a substantial asset base, indicating a certain level of investor confidence and scale. To gain a deeper understanding of the funds investment strategy, it is essential to examine its holdings, sector allocation, and geographic diversification. This information can help investors assess the funds potential for long-term growth and income generation.

To make an informed investment decision, it is crucial to evaluate HDIFs performance relative to its benchmark, the Morningstar CAD O/N Cash GR CAD Index. Comparing the funds returns, risk profile, and other relevant metrics to those of its benchmark and peers can provide valuable insights into its effectiveness.