@mr.financial post on $HYLD got me curious, so I looked through it in the app. HYLD holds 9 Hamilton ETFs. $SMAX alone is 60.5% and $QMAX is 29.9%. The weights add up to about 127%, because it borrows to invest (cash shows -22%). Look through all of them and the concentration is high: Top 10 holdings: 47.9% Top 25: 92.4% Top 50: 104.5% Compare that to $XEQT: top 10 is 17.9%, top 25 is 28.4%. So HYLD isn't a broad income fund. It's a leveraged bet on a few dozen US names with covered calls on top. (Swipe right for all 3 screenshots.) Did you know it was this concentrated?
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1 Comments
Nate
@hoodnate · 49m
had no idea smax alone was 60.5% of it, that xeqt comparison really puts it in perspective.
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