Harvest Banks & Buildings Income Fund

Harvest Banks & Buildings Income Fund

Harvest Banks and Buildings Income Fund
Date Code Series NAV($)

Link to commentary Quarterly Summary

Link to prospectusProspectus Eng | Fr 

Fund Quick Facts January 31, 2018

Fund Codes
Net AUM $11.1 million
Management Fee 1.10%
Total Holdings 22
Income Distribution Monthly
Recent Distribution $0.07
Special Distribution
  • Series A $0.8839
  • Series D $0.6600
  • Series F $1.1842
  • Series R $0.8667
Distribution Method Reinvested, unless requested in cash

Fund Overview

The Harvest Banks & Buildings Income fund aims to provide investors with consistent monthly income and the opportunity for capital appreciation by investing in an actively managed portfolio comprised primarily of Canadian banking, other financial and real estate companies.

The Fund’s Investment Objectives are:

  • to provide Unitholders with monthly distributions targeted to be $0.07 per Trust Unit ($0.84 per annum); and
  • to maximize long term total return for Unitholders.

Portfolio Management

Paul MacDonald Harvest Portfolios Group Inc.


Chief Investment Officer


Portfolio Manager


Portfolio Manager


Associate Portfolio Manager

Top Ten Holdings

January 31, 2018

Security Portfolio (%)
Royal Bank of Canada  6.6
Canadian Imperial Bank of Commerce   6.1
The Toronto-Dominion Bank 6.1
Bank of Montreal 5.9
The Bank of Nova Scotia 5.7
First Capital Realty Inc.  5.5
Smart Real Estate Investment Trust 5.4
Sun Life Financial Inc. 5.4
JPMorgan Chase & Co. 5.3
Manulife Financial Corporation 5.1

Investor Suitability

Investors seeking a regular source of income and potential for capital appreciation.

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

Cumulative Growth $10,000 Invested

January 31, 2018 (NAV pricing)

Historical Prices


Historical Distributions


Portfolio Holdings

HARVEST Banks & Buildings Income Fund
as of  December 31, 2017

Security % of Portfolio % Yield*
Royal Bank of Canada 6.2 3.6
Canadian Imperial Bank of Commerce 5.9 4.3
The Toronto-Dominion Bank 5.8 3.3
Bank of Montreal 5.6 3.7
The Bank of Nova Scotia 5.4 3.9
First Capital Realty Inc. 5.3 4.2
Smart Real Estate Investment Trust 5.3 5.7
Sun Life Financial Inc.  5.0 3.5
Manulife Financial Corporation 5.0 3.1
Chartwell Retirement Residences 4.9 3.6
JPMorgan Chase & Co. 4.8 2.1
Killam Apartment Real Estate Investment 4.8 4.4
Cash and other assets and liabilities 4.6 0.0
Pure Industrial Real Estate Trust 4.2 4.6
Digital Realty Trust Inc. 4.2 2.8
Wells Fargo & Company 4.1 2.6
Morgan Stanley 4.0 1.9
Bank of America Corporation 3.9 1.6
Alexandria Real Estate Equities Inc. 3.4 3.3
Crombie Real Estate Investment Trust 3.1 6.5
Allied Properties Real Estate Investment Trust 2.6 3.7
Timbercreek Financial Corporation 1.8 7.1

* Yield on portfolio holding at time of posting

Financial Documents

Fund Facts: English A D F R | French A D F R

Press Releases


Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. * The Fund was originally launched as a TSX-listed closed-end fund on October 23, 2009, and converted into an open-end mutual fund on October 18, 2011.  In connection with the conversion of the Fund into an open-ended mutual fund, the Fund ceased using leverage in order to achieve its investment objectives. If these changes had been in effect when the Fund was created, the performance would have been lower. Indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.   Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 100% of distributions are reinvested in the Fund unless you ask to receive your distributions 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 net asset value 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.