Harvest US Bank Leaders Income ETF-draft

Harvest US Bank Leaders Income ETF

    
Date Symbol NAV ($) NAV Change ($) MKT ($) MKT Change ($) Distribution Total ($)

Fund Quick Facts January 31, 2018

TSX Code HUBL  | HUBL.U
Cusip HUBL 41755H103
Cusip HUBL.U 41755H202
Net AUM $4 million
Management Fee 0.75%
Total Holdings 15
Income Distribution Monthly
Distribution $0.0833
Distribution Method Cash
Eligible RRSP/RRIF/RESP/TFSA

Portfolio Analysis* January 30, 2018

Average Market Capitalization $126.8 B
Number of Equity Securities 15
Current Yield^ (Class A) 5.0%
Average Price - Book Value 1.5x
Average P/E 13.4x
3 Year Average Dividend Growth 28.9%

Top Ten Holdings

February 14, 2018

Security Portfolio (%)
Fifth Third Bancorp 6.5
Bank of America Corporation 6.5
JPMorgan Chase & Co. 6.5
PNC Financial Services Group Inc. (The) 6.4
BB&T Corporation 6.4
The Bank of New York Mellon Corporation 6.4
Huntington Bancshares Inc. 6.4
SunTrust Banks, Inc. 6.4
KeyCorp 6.3
Citigroup Inc. 6.3

Fund Overview

The Fund invests in an equally weighted portfolio of Equity Securities of not less than 15 US Bank Leaders and not more than 20 US Bank Leaders, chosen from the US Bank Leaders Investable Universe that, immediately following each quarterly reconstitution, (i) have a market capitalization that is at least US$10 billion as determined at the time of investment; (ii) are listed on a US stock exchange; and (iii) pay a dividend.  The Harvest US Bank Leaders Income ETF will invest in not less than 75% of its portfolio in issuers that are included in the “Banks” sub-sector of the Global Industry Classification Standards.

The Manager selects the Equity Securities for the portfolio and at a minimum will review and reconstitute the portfolio quarterly (within 30 days following the last business day of January, April, July and October). If, in the opinion of the Manager, there are not 15 US Bank Leaders that meet the investment criteria of the Harvest ETF, the Manager may invest in fewer than 15 US Bank Leaders.

Each month, covered call options will be written by the Manager on not more than 33% of the Equity Securities of Harvest US Bank Leaders Income ETF.

The Fund distribution target is $0.0833 per unit month ($1.00 per annum).  

Cumulative Growth $10,000 Invested

HTA.U

Downloads

Link to prospectus Why Invest

Link to prospectus Quarterly Summary

Link to prospectus Prospectus Eng | Fr

Link to prospectus ETF Facts HUBL Eng | Fr

Link to prospectus ETF Facts HUBL.U Eng | Fr

Portfolio Management

Paul MacDonald Harvest Portfolios Group Inc.

PAUL MACDONALD, CFA

Chief Investment Officer

 

Portfolio Manager

JAMES LEARMONTH, CFA

Portfolio Manager

MIKE DRAGOSITS, CFA

Associate Portfolio Manager

Investor Suitability

Investors seeking a regular income through investment in dominant banks and financial issuers in the United States.

Investors seeking to hold their investment for medium to long term.

 

Historical Prices

 

Historical Distributions

 

Portfolio Holdings

Harvest US Bank Leaders Income ETF
as of February 14, 2018

Security % of Portfolio
Fifth Third Bancorp 6.5
Bank of America Corporation 6.5
JPMorgan Chase & Co. 6.5
PNC Financial Services Group Inc. (The) 6.4
BB&T Corporation 6.4
The Bank of New York Mellon Corporation 6.4
Huntington Bancshares Inc. 6.4
SunTrust Banks, Inc. 6.4
KeyCorp 6.3
Citigroup Inc. 6.3
The Goldman Sachs Group, Inc. 6.3
US Bancorp 6.2
Morgan Stanley 6.2
American International Group Inc. 6.2
Wells Fargo & Company 5.9
Cash and other assets and liabilities 5.1

Financial Documents

2018

 


 

Tax Information

2018


Disclaimer

Harvest US Bank Leaders Income ETF

Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds. Please read the relevant prospectus before investing. 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 by any securityholder that would have reduced returns. Rates of return cannot be reported until the Fund has been in existence for at least one year. The Fund is not guaranteed, its values changes frequently and past performance may not be repeated.  Distributions are paid to you in cash. If the Fund earns less than the amount distributed, the difference is a return of capital. If the Fund earns less than the amounts distributed, the difference is a return of capital. Tax investment and all other decisions should be made with guidance from a qualified professional.

*Source: Bloomberg. Average statistics calculated based on portfolio weighted average. Dividend yield based on Bloomberg indicated 12 month yield of portfolios positions and does not represent the distribution yield paid to investors. P/E calculated based on Bloomberg consensus 12 month forward earnings estimates. Return on Equity (ROE) based on 3 year average dividend growth. The above information is for illustrative purposes only, is estimated and unaudited on the indicative initial portfolio.