Tax-Loss Harvesting (TLH) is the strategy of selling securities that have fallen below their purchase price to generate realized capital losses so they can be used to lower taxes on investment profits by offsetting realized capital gains.
When securities are sold to crystallize these capital losses, the OneVest Portfolio Management team replaces the security with a substitute that is very similar but not considered “identical property” to keep the risk/return characteristics of the portfolio generally identical. In the case of ETFs, identical property means the ETFs cannot track the same index.
Note: Tax-Loss Harvesting is currently only available for OneVest’s Core Portfolio.
Core Portfolio Product List
Below are the security substitutes for the OneVest Core Portfolio:
|
Asset Class |
Classification |
Ticker |
Fund Name |
Index |
|
Commodities |
Primary |
COMT |
iShares GSCI Commodity Dynamic Roll Strategy ETF |
Bloomberg Commodity Index |
|
Commodities |
Substitute |
CMDY |
iShares Bloomberg Roll Select Commodity Strategy |
Bloomberg Roll Select Commodity Total Return |
|
Real Estate Investment Trusts |
Primary |
REET |
iShares Global REIT ETF |
FTSE EPRA Nareit Global REITS Net Total Return Index |
|
Real Estate Investment Trusts |
Substitute |
RWO |
SPDR Dow Jones Global Real Estate ETF |
Dow Jones Global Select Real Estate Securities Index |
|
Corporate Credit |
Primary |
SPHY |
SPDR Portfolio High Yield Bond ETF |
ICE BofA US High Yield Index |
|
Corporate Credit |
Substitute |
JNK |
SPDR Bloomberg High Yield Bond ETF |
Bloomberg High Yield Very Liquid Index |
|
Canadian Equites |
Primary |
VCN |
Vanguard FTSE Canada All Cap Index ETF |
FTSE Canada All Cap Index |
|
Canadian Equites |
Substitute |
XIC |
iShares Core S&P/TSX Capped Composite Index ETF |
S&P/TSX Capped Composite Index |
|
International Developed Equities |
Primary |
XEF |
iShares Core MSCI EAFE IMI Index ETF |
MSCI EAFE IMI Index |
|
International Developed Equities |
Substitute |
ZEA |
BMO MSCI EAFE Index ETF |
MSCI EAFE Index |
|
U.S. Equities |
Primary |
XUU |
iShares Core S&P US Total Market Index ETF |
S&P Total Market Index |
|
U.S. Equities |
Substitute |
VUN |
Vanguard US Total Market Index ETF |
CRSP US Total Market Index |
|
EM All-Cap Equities |
Primary |
XEC |
iShares Core MSCI Emerging Markets IMI Index ETF |
MSCI Emerging Markets IMI |
|
EM All-Cap Equities |
Substitute |
ZEM |
BMO MSCI Emerging Markets Index ETF |
MSCI Emerging Markets Index |
|
Investment Grade Bonds |
Primary |
VAB |
Vanguard Canadian Aggregate Bond Index ETF |
Bloomberg Global Aggregate Canadian Float Adjusted Bond Index |
|
Investment Grade Bonds |
Substitute |
XBB |
iShares Core Canadian Universe Bond Index ETF |
FTSE Canada Universe Bond Index |
|
Real Return Bonds |
Primary |
XRB |
iShares Canadian Real Return Bond Index ETF |
FTSE Canada Real Return Bond Index |
|
Real Return Bonds |
Substitute |
ZRR |
BMO Real Return Bond Index ETF |
FTSE Canada Real Return Non-Agency Bond Index |
|
Listed Infrastructure |
Primary |
ZGI |
BMO Global Infrastructure Index ETF |
Dow Jones Brookfield Global Infrastructure North American Listed Index |
|
Listed Infrastructure |
Substitute |
TOLZ |
ProShares DJ Brookfield Global Infrastructure ETF |
Dow Jones Brookfield Global Infrastructure Composite Index |
|
Cryptocurrencies |
Primary |
ETC |
Evolve Cryptocurrencies ETF |
Market capitalization weighted exposure to Bitcoin and Ether |
|
Cryptocurrencies |
Substitute |
CMCX |
CI Galaxy Multi Crypto ETF |
Actively managed exposure to Bitcoin and Ether |