Energy Leaders Income Fund

Energy Leaders Income Fund

Energy Leaders Income Fund

Date Symbol NAV($)
  • Distribution
  • Total($)
Link to commentary
Quarterly Summary
 

Link to prospectus Prospectus Eng | Fr

Fund Quick Facts March 31, 2017

TSX Code HEN.UN
Total AUM $4.4 million
Management Fee 1.00%
Total Holdings 18
Income Distribution Monthly
Recent Distribution $0.07
Distribution Method Cash
RSP Eligible Yes
 
 

Top Ten Holdings

As of March 31, 2017

Security Portfolio (%)
National Oilwell Varco, Inc. 7.2
Valero Energy Corporation 7.0
TOTAL SA ADR 6.9
ConocoPhillips 6.8
Enbridge Inc. 6.7
Exxon Mobil Corporation 6.7
Royal Dutch Shell PLC Class A ADR 6.6
Chevron Corporation 6.5
BP PLC ADR 6.5
Phillips 66 6.5

Fund Overview

The Fund invests in an equally-weighted portfolio (the “Portfolio”) of Equity Securities of 15 Energy Issuers listed on a North American stock exchange that have the following characteristics: a market capitalization of at least $10 billion determined at the time of investment; are currently paying a dividend/distribution; are eligible to have options written on their equity securities; and operations and/or offices in at least two countries. The portfolio is rebalanced quarterly back to equal weights.

The investment objectives of the Fund are to provide Unitholders with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of the Portfolio returns than would otherwise be experienced by owning the Equity Securities held by the Fund directly; by investing in the Portfolio and writing covered call options on up to 33% of the equity securities of each Energy Issuer held in the Portfolio.

The Distribution is targeted to be $0.07 per Trust Unit per month ($0.84 per annum)

Cumulative Growth $10,000 Invested

As of March 31, 2017 (based on NAV)

HEN Cumulative Growth Chart

Portfolio Management

Paul MacDonald Harvest Portfolios Group Inc.

PAUL MACDONALD, CFA

Chief Investment Officer

 

Portfolio Manager

JAMES LEARMONTH, CFA

Portfolio Manager

MIKE DRAGOSITS, CFA

Investment Associate

 
 
 
 

Investor Suitability

Investors seeking a regular income and potential for capital appreciation through investments in leading global energy companies Investors seeking to hold their investment for medium to long term.

Historical Prices

 

 

Historical Distributions

 

 

Portfolio Holdings

Energy Leaders Income Fund
Quarterly Portfolio Holdings
as of March 31, 2017

Security % of Portfolio
National Oilwell Varco, Inc. 7.2
Valero Energy Corporation 7.0
TOTAL SA ADR 6.9
ConocoPhillips 6.8
Enbridge Inc. 6.7
Exxon Mobil Corporation 6.7
Royal Dutch Shell PLC Class A ADR 6.6
Chevron Corporation 6.5
BP PLC  ADR  6.5
Phillips 66 6.5
Anadarko Petroleum Corp. 6.4
Occidental Petroleum Corporation 6.3
Cash and other assets and liabilities 5.8
Cenovus Energy Inc. 5.5
The Williams Companies, Inc.   5.2
TransCanada Corporation 3.9
Foreign Currency Forward 0.0
Options (0.5)

Financial Documents

Disclaimer

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account income taxes payable to any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. 100% of distributions are received in cash. If the Fund earns less than the amount distributed, the difference is a return of capital. The current yield is calculated based on the market price of the Fund.

The information contained herein is not an offer to sell nor a solicitation to buy any security. Such an offer can only be made by prospectus or other applicable offering document.