Harvest US Bank Leaders Income ETF
Historical Distributions
2020
| Record Date | Distributions |
|---|---|
| 2020-03-31 | 0.083 |
| 2020-02-28 | 0.083 |
| 2020-01-31 | 0.083 |
2019
| Record Date | Distributions |
|---|---|
| 2019-12-31 | 0.083 |
| 2019-11-29 | 0.083 |
| 2019-10-31 | 0.083 |
| 2019-09-30 | 0.083 |
| 2019-08-30 | 0.083 |
| 2019-07-31 | 0.083 |
| 2019-06-28 | 0.083 |
| 2019-05-31 | 0.083 |
| 2019-04-30 | 0.083 |
| 2019-03-29 | 0.083 |
| 2019-02-28 | 0.083 |
| 2019-01-31 | 0.083 |
2018
| Record Date | Distributions |
|---|---|
| 2018-12-31 | 0.083 |
| 2018-11-30 | 0.083 |
| 2018-10-31 | 0.083 |
| 2018-09-28 | 0.083 |
| 2018-08-31 | 0.083 |
| 2018-07-31 | 0.083 |
| 2018-06-29 | 0.083 |
| 2018-05-31 | 0.083 |
| 2018-04-30 | 0.083 |
| 2018-03-29 | 0.083 |
| 2018-02-28 | 0.083 |
March 31, 2020
| Security | % |
|---|---|
| The Allstate Corporation | 7.3 |
| U.S. Bancorp | 7.2 |
| The PNC Financial Services Group, Inc. | 7.1 |
| First Republic Bank | 7.0 |
| Bank of America Corporation | 7.0 |
| Wells Fargo & Company | 6.9 |
| Cash and other assets and liabilities | 6.7 |
| Huntington Bancshares Incorporated | 6.7 |
| Morgan Stanley | 6.7 |
| JPMorgan Chase & Co. | 6.7 |
| The Goldman Sachs Group, Inc. | 6.6 |
| Truist Financial Corporation | 6.4 |
| Regions Financial Corporation | 6.3 |
| Citigroup Inc. | 6.2 |
| KeyCorp | 6.0 |
| Fifth Third Bancorp | 5.2 |
| Market value of equity options | (1.1) |
| Foreign currency forwards | (5.0) |
2019
December 31, 2019 Annual Financial Statements | English**
December 31, 2019 Annual Management Report of Fund Performance | English**
December 31, 2019 Annual Financial Statements | French**
December 31, 2019 Annual Management Report of Fund Performance | French**
September 30, 2019 Quarterly Portfolio Disclosure
June 30, 2019 Interim Financial Statements | English
June 30, 2019 Interim Management Report of Fund Performance | English
June 30, 2019 Interim Financial Statements | French
June 30, 2019 Interim Management Report of Fund Performance | French
June 30, 2019 Quarterly Portfolio Disclosure
March 31, 2019 Quarterly Portfolio Disclosure
2018
December 31, 2018 Annual Financial Statements | English
December 31, 2018 Annual Management Report of Fund Performance | English
December 31, 2018 Annual Financial Statements | French
December 31, 2018 Annual Management Report of Fund Performance | French
December 31, 2018 Quarterly Portfolio Disclosure
September 30, 2018 Quarterly Portfolio Disclosure
June 30, 2018 Interim Financial Statements | English
June 30, 2018 Interim Management Report of Fund Performance | English
June 30, 2018 Interim Financial Statements | French
June 30, 2018 Interim Management Report of Fund Performance | French
March 31, 2018 Quarterly Portfolio Disclosure
Harvest Portfolios Group Proxy Voting Securities Policy
July 1, 2018 to June 30, 2019
| Date | Symbol | NAV $ | NAV $ Change | MKT $ | MKT $ Change | Distribution Total $ (Since Inception) |
|---|---|---|---|---|---|---|
| 2020-04-02 | HUBL | 9.46 | 0.23 | 9.55 | 0.31 | 2.165 |
| 2020-04-02 | HUBL.U | 9.75 | 0.23 | 10.30 | 0.00 | 2.165 |
Fund Quick Facts
March 31, 2020
| TSX Code | HUBL | HUBL.U |
| Cusip (HUBL) | 41755H103 |
| Cusip (HUBL.U) | 41755H202 |
| Net AUM | $3.9 million |
| Currency (HUBL) | Hedged to CAD |
| Currency (HUBL.U) | Unhedged |
| Management Fee | 0.75% |
| Total Holdings | 18 |
| Income Distribution | Monthly |
| Distribution | $0.0833 |
| Distribution Method | Cash |
| Eligible | RRSP/RRIF/RESP/TFSA |
| Risk Rating | Medium to High |
Portfolio Analysis*
| Average Market Capitalization (CAD) | $97B |
| Number of Equity Securities | 15 |
| Average Dividend Yield | 4.20% |
| Average P/E | 8.0x |
| Current Yield (Class A) |
10.02% |
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).
Investor Suitability
Investors seeking to hold their investment for medium to long term.
Portfolio Management
 |
Harvest Portfolios Group Inc. PAUL MACDONALD, CFA Chief Investment Officer |
 |
JAMES LEARMONTH, CFA Senior Portfolio Manager |
 |
MIKE DRAGOSITS, CFA Portfolio Manager |
Top Ten Portfolio Holdings
| The Allstate Corporation | 7.3 |
| U.S. Bancorp | 7.2 |
| The PNC Financial Services Group, Inc. | 7.1 |
| First Republic Bank | 7.0 |
| Bank of America Corporation | 7.0 |
| Wells Fargo & Company | 6.9 |
| Cash and other assets and liabilities | 6.7 |
| Huntington Bancshares Incorporated | 6.7 |
| Morgan Stanley | 6.7 |
| Morgan Chase & Co. | 6.7 |
Cumulative Market Price
(Monthly Distribution: $0.0833)
For illustrative purposes only. The chart above only shows the market value per unit of Harvest US Bank Leaders Income ETF ("HUBL") using the daily market close on the TSX and identifies the monthly cash distributions paid by HUBL on a cumulative basis. The cash distributions are not compounded or treated as reinvested, and the chart does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder. The chart is not a performance chart and is not indicative of future market values of HUBL or returns on investment in HUBL, which will vary.
Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds (managed by Harvest Portfolios Group Inc.) The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the relevant prospectus before investing. Tax, investment and all other decisions should be made with guidance from a qualified professional.
Cumulative Growth $10,000 Invested
(NAV pricing)
Disclaimer
Harvest US Bank Leaders Income ETF
Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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. 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.
**Filed on SEDAR April 01, 2020 per NI 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds.