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 2023/09/21
TICKER
HLIF
TSX
CURRENCY
CAD
Unhedged
NAV
$8.60
Updated Daily
MKT PRICE CLOSE
$8.60
Updated Daily
NET AUM*
$97.60M
Updated Daily
MGMT STYLE
Rules-Based
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0583
Cash, Per unit
CURRENT YIELD
8.13%
Updated Daily
HOLDINGS
30
Canadian Equities
Distributions
|
Last Ex-dividend Date: 2023-08-30 |
|
Last Record Date: 2023-08-31 |
|
Last Payment Date: 2023-09-08 |
|
Last Cash Distribution Per Unit: $0.0583 |
|
Cash Distribution Frequency: Monthly |
|
Cash Distributions Since Inception: $0.8162 |
| Ex-dividend Date | Record Date | Payment Date | Class A | Distribution Frequency |
|---|---|---|---|---|
| 2023-08-30 | 2023-08-31 | 2023-09-08 | $0.0583 | Monthly |
| 2023-07-28 | 2023-07-31 | 2023-08-09 | $0.0583 | Monthly |
| 2023-06-29 | 2023-06-30 | 2023-07-07 | $0.0583 | Monthly |
| 2023-05-30 | 2023-05-31 | 2023-06-09 | $0.0583 | Monthly |
| 2023-04-27 | 2023-04-28 | 2023-05-09 | $0.0583 | Monthly |
| 2023-03-30 | 2023-03-31 | 2023-04-06 | $0.0583 | Monthly |
| 2023-02-27 | 2023-02-28 | 2023-03-09 | $0.0583 | Monthly |
| 2023-01-30 | 2023-01-31 | 2023-02-09 | $0.0583 | Monthly |
| Ex-dividend Date | Record Date | Payment Date | Class A | Distribution Frequency |
|---|---|---|---|---|
| 2022-12-29 | 2022-12-30 | 2023-01-09 | $0.0583 | Monthly |
| 2022-11-29 | 2022-11-30 | 2022-12-09 | $0.0583 | Monthly |
| 2022-10-28 | 2022-10-31 | 2022-11-09 | $0.0583 | Monthly |
| 2022-09-28 | 2022-09-29 | 2022-10-07 | $0.0583 | Monthly |
| 2022-08-30 | 2022-08-31 | 2022-09-09 | $0.0583 | Monthly |
| 2022-07-28 | 2022-07-29 | 2022-08-09 | $0.0583 | Monthly |
Portfolio Analysis‡
As at August 31, 2023
|
Number of Equity Securities: 30 |
|
Average Market Capitalization (CAD): $44B |
|
Average P/E: 14.1x |
|
Average Dividend Yield: 5.20% |
|
Average 5 Year Return on Equity: 14.60% |
|
. |
|
As at August 31, 2023 |
|
As at August 31, 2023 |
Holdings
As at August 31, 2023
| Name | Ticker | Weight | Sector | Country |
|---|---|---|---|---|
| Canadian Natural Resources Limited | CNQ CN | 4.0% | Energy | Canada |
| AltaGas Ltd. | ALA CN | 3.7% | Utilities | Canada |
| Keyera Corp. | KEY CN | 3.7% | Energy | Canada |
| Magna International Inc. | MG CN | 3.6% | Consumer Discretionary | Canada |
| Nutrien Ltd. | NTR CN | 3.6% | Materials | Canada |
| Power Corporation of Canada | POW CN | 3.6% | Financials | Canada |
| Manulife Financial Corporation | MFC CN | 3.5% | Financials | Canada |
| The Toronto-Dominion Bank | TD CN | 3.5% | Financials | Canada |
| Great-West Lifeco Inc. | GWO CN | 3.4% | Financials | Canada |
| Pembina Pipeline Corporation | PPL CN | 3.4% | Energy | Canada |
| Bank of Montreal | BMO CN | 3.3% | Financials | Canada |
| The Bank of Nova Scotia | BNS CN | 3.3% | Financials | Canada |
| Choice Properties Real Estate Investment Trust | CHP-U CN | 3.3% | Real Estate | Canada |
| Lundin Mining Corporation | LUN CN | 3.3% | Materials | Canada |
| National Bank of Canada | NA CN | 3.3% | Financials | Canada |
| Sun Life Financial Inc. | SLF CN | 3.3% | Financials | Canada |
| Enbridge Inc. | ENB CN | 3.2% | Energy | Canada |
| Royal Bank of Canada | RY CN | 3.2% | Financials | Canada |
| BCE Inc. | BCE CN | 3.1% | Communication Services | Canada |
| Canadian Imperial Bank of Commerce | CM CN | 3.1% | Financials | Canada |
| Canadian Tire Corporation, Limited | CTC/A CN | 3.1% | Consumer Discretionary | Canada |
| Canadian Utilities Limited | CU CN | 3.1% | Utilities | Canada |
| Emera Incorporated | EMA CN | 3.1% | Utilities | Canada |
| Fortis Inc. | FTS CN | 3.1% | Utilities | Canada |
| IGM Financial Inc. | IGM CN | 3.1% | Financials | Canada |
| Quebecor Inc. | QBR/B CN | 3.1% | Communication Services | Canada |
| Suncor Energy Inc. | SU CN | 3.1% | Energy | Canada |
| TC Energy Corporation | TRP CN | 3.1% | Energy | Canada |
| TELUS Corporation | T CN | 3.1% | Communication Services | Canada |
| Brookfield Renewable Corporation | BEPC CN | 3.0% | Utilities | Canada |
| Cash and other assets and liabilities | 1.2% | |||
| Market value of options | (0.4)% |
Annualized Performance
As at August 31, 2023
| Ticker | 1M | 3M | 6M | YTD | 1Y | SI |
|---|---|---|---|---|---|---|
| HLIF | (2.89) | 1.11 | (1.15) | 3.29 | 2.38 | (3.57) |
Calendar Year Performance †
As at August 31, 2023
| Ticker | 2022 |
|---|---|
| HLIF | (7.41) |
Cumulative Market Price#
(Monthly Distribution: $0.0583)
Cumulative Growth $10,000 Invested (NAV pricing)
HLIF Historical Daily Prices (CLICK HERE)
Documents
| Document | Language | Type | |
|---|---|---|---|
| Product Sheet | English | French | Fund Documents |
| Investor Booklet | English | - | Fund Documents |
| ETF Facts | English | French | Regulatory |
| Prospectus | English | French | Regulatory |
| ETF Products Booklet | English | French | Information Materials |
| Covered Call Writing | English | - | Information Materials |
| MER Summary | English | French | MER Summary |
| 2023 Interim Financial Statements | English | French | Statements/MRFPs |
| 2023 Interim Management Report of Fund Performance | English | French | Statements/MRFPs |
| 2023 Quarterly Summary - Q1 | English | - | Portfolio Disclosure |
| 2022 Annual Distributions Summary | English | - | Information Materials |
| 2022 Annual Financial Statements | English | French | Statements/MRFPs |
| 2022 Annual Management Report of Fund Performance | English | French | Statements/MRFPs |
| 2022 Quarterly Summary - Q3 | English | - | Portfolio Disclosure |
| Proxy Voting Policy | English | - | Proxy Voting |
| July 1, 2022 to June 30, 2023 Proxy Summary | English | - | Proxy Voting |
| PFIC Annual Information Statement | English | - | Information Statement |
| IRS Form 8937 | English | - | 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
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Key ETF Details
As at August 31, 2023
| ETF Details | Unit |
|---|---|
| TSX Code | HLIF |
| CUSIP | 41756V101 |
| Currency | CAD-Unhedged |
| Inception Date | 2022/06/13 |
| Holdings | 30 Canadian Equities |
| Management Style | Rules-Based with Covered Calls |
| Eligible | RRSP | RRIF | RESP | TFSA |
| Management Fee | 0.65% |
| Risk Rating |  |
| Distribution Facts | Unit |
| Last Cash Distribution Per Unit | CA$0.0583 |
| Last Record Date | 2023-08-31 |
| Cash Distributions Since Inception | CA$0.8162 |
| Cash Distribution Frequency | Monthly |
| Distribution Method | Cash or DRIP |
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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 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. 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.
‡ 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.