Harvest Canadian Income & Growth Fund

Harvest Canadian Income & Growth Fund

Harvest Canadian Income and Growth 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 $16.1 million
Management Fee 1.25%
Total Holdings 26
Income Distribution Monthly
Recent Distribution $0.07
Distribution Method Reinvested, unless requested in cash
Eligible RRSP/RRIF/RESP/TFSA

Fund Overview

The Fund invests primarily in a portfolio of Canadian publicly-traded equity securities of utilities, industrials, communications, real estate and retail issuers. The Fund’s Investment Objectives are:

  1. to provide Unitholders with monthly distributions (targeted to be $0.07 per Trust Unit ($0.84 per annum); and
  2. to maximize long-term total return for Unitholders while reducing volatility.

Class R – The Fund was originally launched as a TSX-listed closed-end fund on June 29, 2010. It was receipted of all required regulatory approvals and automatically converted to an open-end mutual fund, on a tax-deferred basis on June 20, 2012.

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

Top Ten Holdings

January 31, 2018

Security Portfolio (%)
Alimentation Couche-Tard Inc. Class B 5.2
Metro Inc. 5.2
Smart Real Estate Investment Trust 5.0
TELUS Corporation 5.0
Algonquin Power & Utilities Corp.  5.0
Keyera Corp. 4.9
Johnson & Johnson    4.7
Chemtrade Logistics Income Fund 4.6
Chartwell Retirement Residences 4.4
Canadian Pacific Railway Ltd. 4.4

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 Canadian Income & Growth Fund
as of December 31, 2017

Security % of Portfolio % Yield*
Keyera Corp. 5.1 4.8
Johnson & Johnson   5.0 2.4
Metro Inc. 5.0 1.6
Algonquin Power & Utilities Corp.  5.0 4.2
Alimentation Couche-Tard Inc. Class B 4.9 0.6
TELUS Corporation 4.8 4.3
Chemtrade Logistics Income Fund 4.8 6.2
Smart Real Estate Investment Trust 4.8 5.7
Chartwell Retirement Residences 4.2 3.6
Canadian National Railway Company 4.2 1.6
Canadian Pacific Railway Ltd. 4.1 1.0
Digital Realty Trust Inc. 4.0 2.8
Inter Pipeline Ltd. 3.9 6.4
EnerCare Inc. 3.8 4.7
Altria Group, Inc. 3.5 3.7
Canadian Tire Corporation Limited Class A Non-Voting 3.5 2.2
WSP Global Inc. 3.5 2.5
Enbridge Inc. 3.3 5.4
Alexandria Real Estate Equities Inc. 3.3 3.3
CAE Inc. 3.3 1.5
Pembina Pipeline Corporation 3.1 4.8
Corby Spirit and Wine Limited 3.0 3.9
Cash and other assets and liabilities 3.0 0.0
TransCanada Corporation 2.7 4.1
Timbercreek Financial Corp. 2.4 7.1

Financial Documents

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

Press Releases

Disclaimer

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 June 29, 2010, and converted into an open-end mutual fund on June 18, 2012. In connection with the conversion of the Fund into an open-end mutual fund, the trailing commission charged on the Class R units increased by 0.60% (increasing the aggregate annual management fee to 2.25%), and 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. If the Fund earns less than the amount distributed, the difference is a return of capital. 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.