HLIF

Harvest Canadian Equity Income Leaders ETF

Steady Income from Canadian Leaders

Canada is home to some of the most dominant companies in the world. In key industries a few key players have huge market shares, significant financial reserves, and long histories of dividend payment. This ETF captures the powerful traits of Canada’s leading companies combining them with active covered call options for high income.

Key Facts

As at 2024/02/23

TICKER

HLIF

TSX
CURRENCY

CAD

Unhedged
NAV

$8.80

Updated Daily
MKT PRICE CLOSE

$8.80

Updated Daily
NET AUM*

$107.33M

Updated Daily
MGMT STYLE

Rules-Based

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0583

Cash, Per unit
CURRENT YIELD

7.95%

Updated Daily
HOLDINGS

30

Canadian Equities

Key Facts

As at 2024/02/23

TICKER

HLIF

TSX
CURRENCY

CAD

Unhedged
NAV

$8.80

Updated Daily
MKT PRICE CLOSE

$8.80

Updated Daily
NET AUM*

$107.33M

Updated Daily

MGMT STYLE

Rules-Based

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0583

Cash, Per Unit
CURRENT YIELD

7.95%

Updated Daily
HOLDINGS

30

Canadian Equities

Distributions

Last Ex-dividend Date:

2024/01/30

Last Record Date:

2024/01/31

Last Payment Date:

2024/02/09

Last Cash Distribution Per Unit:

$0.0583

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception:

$1.1077

Ex-dividend DateRecord DatePayment DateClass ADistribution Frequency
2024/01/302024/01/312024/02/09$0.0583Monthly
Ex-dividend DateRecord DatePayment DateClass ADistribution Frequency
2023/12/282023/12/292024/01/09$0.0583Monthly
2023/11/292023/11/302023/12/08$0.0583Monthly
2023/10/302023/10/312023/11/09$0.0583Monthly
2023/09/282023/09/292023/10/06$0.0583Monthly
2023/08/302023/08/312023/09/08$0.0583Monthly
2023/07/282023/07/312023/08/09$0.0583Monthly
2023/06/292023/06/302023/07/07$0.0583Monthly
2023/05/302023/05/312023/06/09$0.0583Monthly
2023/04/272023/04/282023/05/09$0.0583Monthly
2023/03/302023/03/312023/04/06$0.0583Monthly
2023/02/272023/02/282023/03/09$0.0583Monthly
2023/01/302023/01/312023/02/09$0.0583Monthly
Ex-dividend DateRecord DatePayment DateClass ADistribution Frequency
2022/12/292022/12/302023/01/09$0.0583Monthly
2022/11/292022/11/302022/12/09$0.0583Monthly
2022/10/282022/10/312022/11/09$0.0583Monthly
2022/09/282022/09/292022/10/07$0.0583Monthly
2022/08/302022/08/312022/09/09$0.0583Monthly
2022/07/282022/07/292022/08/09$0.0583Monthly

2023 Annual Tax Information can be accessed here.


Portfolio Analysis

As at January 31, 2024

Number of Equity Securities:

30

Average Market Capitalization (CAD):

$45B

Average P/E:

17.7x

Average Dividend Yield:

5.20%

Average 5 Year Return on Equity:

14.16%

.


Sub-Sector Allocation

As at January 31, 2024


Geographic Allocation

As at January 31, 2024

Holdings

As at January 31, 2024

NameTickerWeightSectorCountry
BCE Inc.BCE CN3.5%Communication ServicesCanada
Brookfield Asset Management Ltd.BAM CN3.5%FinancialsCanada
Great-West Lifeco Inc.GWO CN3.5%FinancialsCanada
Quebecor Inc.QBR/B CN3.5%Communication ServicesCanada
Suncor Energy Inc.SU CN3.5%EnergyCanada
AltaGas Ltd.ALA CN3.4%UtilitiesCanada
Choice Properties Real Estate Investment TrustCHP-U CN3.4%Real EstateCanada
IGM Financial Inc.IGM CN3.4%FinancialsCanada
Keyera Corp.KEY CN3.4%EnergyCanada
Lundin Mining CorporationLUN CN3.4%MaterialsCanada
National Bank of CanadaNA CN3.4%FinancialsCanada
Pembina Pipeline CorporationPPL CN3.4%EnergyCanada
Power Corporation of CanadaPOW CN3.4%FinancialsCanada
Sun Life Financial Inc.SLF CN3.4%FinancialsCanada
Bank of MontrealBMO CN3.3%FinancialsCanada
Brookfield Renewable CorporationBEPC CN3.3%UtilitiesCanada
Canadian Natural Resources LimitedCNQ CN3.3%EnergyCanada
Canadian Tire Corporation, LimitedCTC/A CN3.3%Consumer DiscretionaryCanada
Enbridge Inc.ENB CN3.3%EnergyCanada
Manulife Financial CorporationMFC CN3.3%FinancialsCanada
Royal Bank of CanadaRY CN3.3%FinancialsCanada
TC Energy CorporationTRP CN3.3%EnergyCanada
TELUS CorporationT CN3.3%Communication ServicesCanada
The Bank of Nova ScotiaBNS CN3.2%FinancialsCanada
Canadian Imperial Bank of CommerceCM CN3.2%FinancialsCanada
Canadian Utilities LimitedCU CN3.2%UtilitiesCanada
Emera IncorporatedEMA CN3.2%UtilitiesCanada
Fortis Inc.FTS CN3.2%UtilitiesCanada
The Toronto-Dominion BankTD CN3.2%FinancialsCanada
Nutrien Ltd.NTR CN2.9%MaterialsCanada
Cash and other assets and liabilities0.9%
Market value of options(0.6)%

Download CSV


Annualized Performance

As at January 31, 2024

Ticker1M3M6MYTD1YSI
HLIF0.1710.830.470.170.18(0.65)

Download CSV

Calendar Year Performance

As at January 31, 2024

Ticker20232022       
HLIF6.68(7.41)

Download CSV

Cumulative Market Price#

(Monthly Distribution: $0.0583)

Cumulative Growth $10,000 Invested

(NAV pricing)

The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

HLIF Historical Daily Prices (CLICK HERE)


Documents

DocumentLanguageType
Product SheetEnglishFrenchFund Documents
Investor BookletEnglish-Fund Documents
ETF FactsEnglishFrenchRegulatory
ProspectusEnglishFrenchRegulatory
ETF Products BookletEnglishFrenchInformation Materials
Covered Call WritingEnglishFrenchInformation Materials
MER SummaryEnglishFrenchMER Summary
2023 Annual Distributions SummaryEnglish-Information Materials
2023 Interim Financial StatementsEnglishFrenchStatements/MRFPs
2023 Interim Management Report of Fund PerformanceEnglishFrenchStatements/MRFPs
2023 Quarterly Summary - Q3English-Portfolio Disclosure
2023 Quarterly Summary - Q1English-Portfolio Disclosure
2022 Annual Distributions SummaryEnglish-Information Materials
2022 Annual Financial StatementsEnglishFrenchStatements/MRFPs
2022 Annual Management Report of Fund Performance EnglishFrenchStatements/MRFPs
2022 Quarterly Summary - Q3English-Portfolio Disclosure
Proxy Voting PolicyEnglish-Proxy Voting
July 1, 2022 to June 30, 2023 Proxy SummaryEnglish-Proxy Voting
PFIC Annual Information StatementEnglish-Information Statement
IRS Form 8937English-Tax Form

Investment Goal

Harvest Canadian Equity Income Leaders ETF seeks to provide Unitholders with monthly cash distributions; the opportunity for capital appreciation; and lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the Canadian Equity Income Leaders Issuers directly. To achieve lower overall volatility of portfolio returns, the Harvest Canadian Equity Income Leaders ETF will generally write covered call options on up to 33% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

 

Benefits of investing in HLIF

  • Equal-weight Portfolio of 30 largest diversified Canadian Equities

  • Companies must meet stringent dividend criteria

  • Large-cap leaders with dominant market shares

  • Dominant dividend payers from a dynamic economy with growth tailwinds

  • Attractive monthly income with opportunity for capital appreciation

  • Covered call strategy to enhance portfolio income potential and lower portfolio volatility

HLIF Product Sheet


Key ETF Details

As at January 31, 2024

ETF DetailsUnit
TSX CodeHLIF
CUSIP41756V101
CurrencyCAD-Unhedged
Inception Date2022/06/13
Holdings30 Canadian Equities
Management StyleRules-Based with Covered Calls
EligibleRRSP | RRIF | RESP | TFSA
Management Fee0.65%
Risk Ratingmed_risk_bar
Distribution FactsUnit
Last Cash Distribution Per UnitCA$0.0583
Last Record Date2024/01/31
Cash Distributions Since InceptionCA$1.1077
Cash Distribution FrequencyMonthly
Distribution MethodCash or DRIP
Annual Distributions SummaryPDF View
HLIF Interactive Brochure

INTERACT NOW!

Investor Documents

Product Sheet | Fr


Investor Brochure En


ETFs Booklet En | Fr


ETF Facts En | Fr


Covered Call Writing En | Fr


MER Summary En | Fr

Relevant Posts

Disclaimer

Harvest Canadian Equity Income Leaders 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 (except for figures of one year or less, which are simple total returns) including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or 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. Tax investment and all other decisions should be made with guidance from a qualified professional.

The current yield represents an annualized amount that is comprised of 12 unchanged monthly distributions (using the most recent month’s distribution figure multiplied by 12) as a percentage of the closing market price of the Fund. The current yield does not represent historical returns of the ETF but represents the distribution an investor would receive if the targeted distribution stayed the same going forward.

* Represents aggregate AUM of all classes denominated in Canadian dollars.

‡ 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.

† The first year of Calendar Year Performance presents the rate of return from commencement of operations to December 31 of that year.

# For illustrative purposes only. The chart above only shows the market value per unit of Harvest Canadian Equity Income Leaders ETF ("HLIF") using the daily market close on the TSX and identifies the monthly cash distributions paid by HLIF 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 HLIF or returns on investment in HUTL, which will vary.