What is Dist. coverage?

Dist. coverage is accrual coverage from the fund’s financial statements for a stated year: period profit including unrealized gains, divided by distributions paid. At 100% or above the table says Covered; otherwise it shows the percentage.

Is this investment advice?

No. CoverCall Ledger is research information from public issuer filings. It is not a recommendation to buy or sell, and figures should be confirmed against the issuer’s documents.

What is the difference between filing-period total return and 2026 YTD?

Filing-period total return is the issuer’s unit return for that financial-statement year. Cash YTD is price change from the Dec 31, 2025 close plus 2026 cash distributions through the latest exchange last, with cash not reinvested. Reinv. YTD compounds those distributions at each ex-date close (approx.).

Which covered-call ETFs do you cover?

Canadian income and covered-call ETFs including Harvest (HHIS, MSTE), Hamilton (HMAX, HDIV, HYLD), BMO (ZWB, ZWU, ZWC), Global X (QQCL, USCL), Evolve (BIGY, UTES), and US-listed income ETFs. See the fund directory on covercallledger.com.

CoverCall Ledger

Guide

What is distribution coverage?

A plain-language read on earned vs paid for covered-call and high-yield ETFs — from public issuer filings, not marketing copy.

Yield vs coverage

Distribution yield tells you how large the cheque is relative to price. Dist. coverage asks a different question: did period profit from the fund’s financial statements support what was paid out? For covered-call funds, a large share of period profit can come from holdings still owned (unrealized gains), not just cash dividends and option premiums already received.

How CoverCall Ledger scores coverage

We map earned (period profit from the annual financial statements) against distributed (cash paid to unitholders) for a stated filing year. At 100% or above, the table shows Covered. Below that, you see the percentage. This is accrual coverage — not a guarantee of future payments and not investment advice.

Popular funds to start with

Browse all 84 fund pages or open the live coverage table.

Figures come from public MRFP / annual financial statements where mapped. Confirm against issuer documents. Not investment advice.