Harvest Healthcare Leaders Income ETF
Innovative Leaders of a Vital Sector
Large-cap US healthcare companies uniquely combine technological innovation with powerful, non-cyclical demand tailwinds. We all need healthcare. As the developed world ages and the developing world gets richer, healthcare leaders enjoy more demand. We all need healthcare companies to innovate, and in this sector large-cap companies both power and capture value from innovation. This ETF is designed to give investors access to steady income and growth opportunities from large-cap US healthcare leaders.
Key Facts
As at 2023/03/21
TICKER
HHL
TSX
CURRENCY
CAD
Hedged
NAV
$7.87
Updated Daily
MKT PRICE CLOSE
$7.86
Updated Daily
NET AUM*
$1312.45M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0583
Cash, Per Unit
CURRENT YIELD
8.90%
Updated Daily
DISTRIBUTION
$5.7134
Total, Since Inception**
Key Facts
As at 2023/03/21
TICKER
HHL.B
TSX
CURRENCY
CAD
Unhedged
NAV
$8.60
Updated Daily
MKT PRICE CLOSE
$8.60
Updated Daily
NET AUM*
$1312.45M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0583
Cash, Per Unit
CURRENT YIELD
8.13%
Updated Daily
DISTRIBUTION
$2.0988
Total, Since Inception**
Key Facts
As at 2023/03/21
TICKER
HHL.U
TSX
CURRENCY
USD
Unhedged
NAV
$8.23
Updated Daily
MKT PRICE CLOSE
$8.23
Updated Daily
NET AUM*
$1312.45M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0583
Cash, Per Unit
CURRENT YIELD
8.50%
Updated Daily
DISTRIBUTION
$4.2559
Total, Since Inception**
Distributions
|
Last Cash Distribution Per Unit: $0.0583 |
|
Last Ex-dividend Date: 2023-02-27 |
|
Last Record Date: 2023-02-28 |
|
Last Payment Date: 2023-03-09 |
|
Cash Distribution Frequency: Monthly |
|
Cash Distributions Since Inception (Class A)**: CA$5.7134 |
|
Cash Distributions Since Inception (Class B)**: CA$2.0988 |
|
Cash Distributions Since Inception (Class U)**: US$4.2559 |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2023-02-27 | 2023-02-28 | 2023-03-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2023-01-30 | 2023-01-31 | 2023-02-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2022-12-29 | 2022-12-30 | 2023-01-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-11-29 | 2022-11-30 | 2022-12-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-10-28 | 2022-10-31 | 2022-11-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-09-28 | 2022-09-29 | 2022-10-07 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-08-30 | 2022-08-31 | 2022-09-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-07-28 | 2022-07-29 | 2022-08-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-06-29 | 2022-06-30 | 2022-07-08 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-05-30 | 2022-05-31 | 2022-06-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-04-28 | 2022-04-29 | 2022-05-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-03-30 | 2022-03-31 | 2022-04-08 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-02-25 | 2022-02-28 | 2022-03-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2022-01-28 | 2022-01-31 | 2022-02-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2021-12-30 | 2021-12-31 | 2022-01-07 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-11-29 | 2021-11-30 | 2021-12-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-10-28 | 2021-10-29 | 2021-11-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-09-28 | 2021-09-30 | 2021-10-08 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-08-30 | 2021-08-31 | 2021-09-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-07-29 | 2021-07-30 | 2021-08-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-06-29 | 2021-06-30 | 2021-07-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-05-28 | 2021-05-31 | 2021-06-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-04-29 | 2021-04-30 | 2021-05-07 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-03-30 | 2021-03-31 | 2021-04-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-02-25 | 2021-02-26 | 2021-03-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2021-01-28 | 2021-01-29 | 2021-02-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2020-12-30 | 2020-12-31 | 2021-01-08 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-11-27 | 2020-11-30 | 2020-12-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-10-29 | 2020-10-30 | 2020-11-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-09-29 | 2020-09-30 | 2020-10-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-08-28 | 2020-08-31 | 2020-09-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-07-30 | 2020-07-31 | 2020-08-07 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-06-29 | 2020-06-30 | 2020-07-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-05-28 | 2020-05-29 | 2020-06-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-04-29 | 2020-04-30 | 2020-05-08 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-03-30 | 2020-03-31 | 2020-04-09 | $0.0583 | $0.0583 | $0.0583 | Monthly |
| 2020-02-27 | 2020-02-28 | 2020-03-09 | $0.0583 | - | $0.0583 | Monthly |
| 2020-01-30 | 2020-01-31 | 2020-02-07 | $0.0583 | - | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2019-12-30 | 2019-12-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-11-28 | 2019-11-29 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-10-30 | 2019-10-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-09-27 | 2019-09-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-08-29 | 2019-08-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-07-30 | 2019-07-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-06-27 | 2019-06-28 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-05-30 | 2019-05-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-04-29 | 2019-04-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-03-28 | 2019-03-29 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-02-27 | 2019-02-28 | $0.0583 | - | $0.0583 | Monthly | |
| 2019-01-30 | 2019-01-31 | $0.0583 | - | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2018-12-28 | 2018-12-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-11-29 | 2018-11-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-10-30 | 2018-10-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-09-27 | 2018-09-28 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-08-30 | 2018-08-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-07-30 | 2018-07-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-06-28 | 2018-06-29 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-05-30 | 2018-05-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-04-27 | 2018-04-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-03-28 | 2018-03-29 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-02-27 | 2018-02-28 | $0.0583 | - | $0.0583 | Monthly | |
| 2018-01-30 | 2018-01-31 | $0.0583 | - | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2017-12-28 | 2017-12-29 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-11-29 | 2017-11-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-10-30 | 2017-10-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-09-28 | 2017-09-29 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-08-29 | 2017-08-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-07-27 | 2017-07-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-06-28 | 2017-06-30 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-05-29 | 2017-05-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-04-26 | 2017-04-28 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-03-29 | 2017-03-31 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-02-24 | 2017-02-28 | $0.0583 | - | $0.0583 | Monthly | |
| 2017-01-27 | 2017-01-31 | $0.0583 | - | - | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2016-12-28 | 2016-12-30 | $0.0583 | - | - | Monthly | |
| 2016-11-28 | 2016-11-30 | $0.0583 | - | - | Monthly | |
| 2016-10-27 | 2016-10-31 | $0.0583 | - | - | Monthly | |
| 2016-09-28 | 2016-09-30 | $0.0583 | - | - | Monthly | |
| 2016-08-29 | 2016-08-31 | $0.0583 | - | - | Monthly | |
| 2016-07-27 | 2016-07-29 | $0.0583 | - | - | Monthly | |
| 2016-06-28 | 2016-06-30 | $0.0583 | - | - | Monthly | |
| 2016-05-27 | 2016-05-31 | $0.0583 | - | - | Monthly | |
| 2016-04-27 | 2016-04-29 | $0.0583 | - | - | Monthly | |
| 2016-03-29 | 2016-03-31 | $0.0583 | - | - | Monthly | |
| 2016-02-25 | 2016-02-29 | $0.0583 | - | - | Monthly | |
| 2016-01-27 | 2016-01-29 | $0.0583 | - | - | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
|---|---|---|---|---|---|---|
| 2015-12-29 | 2015-12-31 | $0.0583 | - | - | Monthly | |
| 2015-11-26 | 2015-11-30 | $0.0583 | - | - | Monthly | |
| 2015-10-28 | 2015-10-30 | $0.0583 | - | - | Monthly | |
| 2015-09-28 | 2015-09-30 | $0.0583 | - | - | Monthly | |
| 2015-08-27 | 2015-08-31 | $0.0583 | - | - | Monthly | |
| 2015-07-29 | 2015-07-31 | $0.0583 | - | - | Monthly | |
| 2015-06-26 | 2015-06-30 | $0.0583 | - | - | Monthly | |
| 2015-05-27 | 2015-05-29 | $0.0583 | - | - | Monthly | |
| 2015-04-28 | 2015-04-30 | $0.0583 | - | - | Monthly | |
| 2015-03-27 | 2015-03-31 | $0.0583 | - | - | Monthly | |
| 2015-02-25 | 2015-02-27 | $0.0583 | - | - | Monthly | |
| 2015-01-28 | 2015-01-30 | $0.0583 | - | - | Monthly |
** Inception Date: Class A is 2014/12/18; Class B is 2020/03/12; Class U is 2017/02/09.
Portfolio Analysis‡
As at February 28, 2023
|
Number of Equity Securities: 20 |
|
Average Market Capitalization (CAD): $264B |
|
Average P/E: 21.5x |
|
Average Dividend Yield: 1.82% |
|
Average 5 Year Return on Equity: 28.90% |
|
. |
|
As at February 28, 2023 |
|
As at February 28, 2023 |
Holdings
As at February 28, 2023
| Name | Ticker | Weight | Sector | Country |
|---|---|---|---|---|
| AbbVie Inc. | ABBV US | 5.4% | Biotechnology | United States |
| Stryker Corporation | SYK US | 5.4% | Health Care Equipment & Supplies | United States |
| Boston Scientific Corporation | BSX US | 5.3% | Health Care Equipment & Supplies | United States |
| Regeneron Pharmaceuticals, Inc. | REGN US | 5.3% | Biotechnology | United States |
| Medtronic PLC | MDT US | 5.2% | Health Care Equipment & Supplies | United States |
| Zoetis Inc. | ZTS US | 5.2% | Pharmaceuticals | United States |
| AstraZeneca PLC | AZN US | 5.1% | Pharmaceuticals | United States |
| Merck & Co., Inc. | MRK US | 5.1% | Pharmaceuticals | United States |
| UnitedHealth Group Incorporated | UNH US | 5.0% | Health Care Providers & Services | United States |
| Bristol-Myers Squibb Company | BMY US | 4.9% | Pharmaceuticals | United States |
| Elevance Health, Inc. | ELV US | 4.9% | Health Care Providers & Services | United States |
| Eli Lilly and Company | LLY US | 4.9% | Pharmaceuticals | United States |
| Thermo Fisher Scientific Inc. | TMO US | 4.9% | Life Sciences Tools & Services | United States |
| Danaher Corporation | DHR US | 4.8% | Life Sciences Tools & Services | United States |
| Intuitive Surgical, Inc. | ISRG US | 4.8% | Health Care Equipment & Supplies | United States |
| Johnson & Johnson | JNJ US | 4.8% | Pharmaceuticals | United States |
| Novartis AG | NVS US | 4.8% | Pharmaceuticals | United States |
| Pfizer Inc. | PFE US | 4.8% | Pharmaceuticals | United States |
| Abbott Laboratories | ABT US | 4.7% | Health Care Equipment & Supplies | United States |
| Amgen Inc. | AMGN US | 4.7% | Biotechnology | United States |
| Cash and other assets and liabilities | 1.7% | |||
| Market value of options | (0.1)% | |||
| Foreign currency forwards | (1.7)% |
Annualized Performance
As at February 28, 2023
| Ticker | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 4Y | 5Y | 7Y | 8Y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HHL | (3.36) | (6.07) | 5.56 | (4.35) | 1.01 | 10.02 | 11.39 | 8.40 | 8.11 | 8.34 | 6.15 | 6.33 |
| HHL.B | (0.90) | (4.59) | 10.07 | (3.55) | 9.44 | 14.31 | - | - | - | - | - | 10.92 |
| HHL.U | (3.37) | (5.94) | 5.95 | (4.29) | 1.66 | 10.39 | 12.25 | 9.23 | 8.96 | - | - | 9.20 |
Calendar Year Performance †
As at February 28, 2023
| Ticker | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| HHL | 1.44 | 23.79 | 5.21 | 13.75 | 2.74 | 13.41 | (3.65) | 4.25 | (1.68) |
| HHL.B | 9.22 | 23.06 | 4.97 | - | - | - | - | - | - |
| HHL.U | 2.04 | 23.84 | 7.03 | 14.66 | 3.69 | 10.82 | - | - | - |
Cumulative Market Price‡
(Monthly Distribution: $0.0583)
Cumulative Growth $10,000 Invested
(NAV pricing)
HHL Historical Daily Prices (CLICK HERE)
Documents
 |
| ETF Facts |
 |
| Investor Brochure |
 |
| Regulatory ETF Facts |
| Document | Language | Type | |
|---|---|---|---|
| ETF Facts | English | French | Information Materials |
| Investor Brochure | English | - | Information Materials |
| ETF Products Booklet | English | French | Information Materials |
| Regulatory ETF Facts | English | French | Regulatory ETF Facts |
| Prospectus | English | French | Prospectus |
| MER Summary | English | - | MER Summary |
| Covered Call Writing | English | French | Information Materials |
| 2022 Interim Financial Statements | English | French | Statements/MRFPs |
| 2022 Interim Management Report of Fund Performance | English | French | Statements/MRFPs |
| 2022 Quarterly Summary - Q3 | English | - | Portfolio Disclosure |
| 2022 Quarterly Summary - Q1 | English | - | Portfolio Disclosure |
| 2022 Annual Distributions Summary | English | - | Annual Distributions Summary |
| 2021 Annual Distributions Summary | English | - | Annual Distributions Summary |
| PFIC Annual Information Statement | English | - | Information Statement |
| IRS Form 8937 | English | - | Tax Form |
| Proxy Voting Policy | English | - | Proxy Voting |
| July 1, 2021 to June 30, 2022 Proxy Summary | English | - | Proxy Voting |
HHL Historical Documents (CLICK HERE)
Investment Objective
Harvest Healthcare Leaders Income ETF is an equally weighted portfolio of 20 large-cap global Healthcare companies, selected for their potential to provide attractive monthly income and long-term growth. In order to generate an enhanced monthly distribution yield, an active covered call strategy is engaged.
Benefits of investing in HHL
|
|
ETF Facts
As at February 28, 2023
| Quick ETF Facts | Class A | Class B | Class U |
|---|---|---|---|
| TSX Code | HHL | HHL.B | HHL.U |
| CUSIP | 41755F107 | 41755F305 | 41755F206 |
| Currency | CAD-Hedged | CAD-Unhedged | US Dollar |
| Inception Date | 2014/11/19 | 2020/02/27 | 2017/01/17 |
| Management Style | Active with Covered Calls | ||
| Eligible | RRSP | RRIF | RESP | TFSA | ||
| Management Fee | 0.85% | ||
| Risk Rating |  |
||
| Distribution Facts | Class A | Class B | Class U |
| Last Cash Distribution Per Unit | CA$0.0583 | CA$0.0583 | US$0.0583 |
| Last Record Date | 2023-02-28 | 2023-02-28 | 2023-02-28 |
| Cash Distributions Since Inception** | CA$5.7134 | CA$2.0988 | US$4.2559 |
| Cash Distribution Frequency | Monthly | ||
| Distribution Method | Cash or DRIP | ||
| Annual Distributions Summary | PDF View | ||
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Disclaimer
Harvest Healthcare Leaders Income ETF
The Fund originally commenced operations as a TSX listed closed-end fund on December 18, 2014 and converted into an exchange-traded fund on October 24, 2016. 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 funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into Class A, Class B or Class U units of the Fund. 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.
* Represents aggregate AUM of all classes denominated in Canadian dollars.
** Inception Date: Class A is 2014/12/18; Class B is 2020/03/12; Class U is 2017/02/09.
† The first year of Calendar Year Performance presents the rate of return from commencement of operations to December 31 of that year.
‡ Source: Bloomberg. Average statistics calculated based on portfolio weighted average. Dividend yield (gross) based on Bloomberg indicated 12 month yield of portfolios positions and does not represent the distribution yield paid to investors. The above information is for illustrative purposes only, is estimated and unaudited.
For illustrative purposes only. The chart above only shows the market value per unit of Harvest Healthcare Leaders Income ETF ("HHL") using the daily market close on the TSX and identifies the monthly cash distributions paid by HHL 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 HHL or returns on investment in HHL, 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.
