HPYT

Harvest Premium Yield 7-10 Year Treasury ETF

US Treasury Income, Monthly Cashflow Through Covered Calls

The Harvest Premium Yield 7-10 Year Treasury ETF seeks to provide attractive and tax efficient monthly cash distributions to Unitholders by writing covered calls on a portfolio of US Treasury ETFs, that primarily hold mid-duration U.S. bonds with average maturities of 7-10 years.

Key Facts

As at 2024/06/24

TICKER

HPYM

TSX
CURRENCY

CAD

Hedged
NAV

$11.55

Updated Daily
MKT PRICE CLOSE

$11.54

Updated Daily
NET AUM*

$63.57M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0800

Cash, Per unit
DISTRIBUTION

$0.3200

Total, Since Inception
INCEPTION DATE

Jan. 16

2024

Key Facts

As at 2024/06/24

TICKER

HPYM.U

TSX
CURRENCY

USD

Unhedged
NAV

$11.58

Updated Daily
MKT PRICE CLOSE

$11.58

Updated Daily
NET AUM*

$63.57M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0800

Cash, Per unit
DISTRIBUTION

$0.3200

Total, Since Inception
INCEPTION DATE

Jan. 16

2024

Key Facts

As at 2024/06/24

TICKER

HPYM

TSX
CURRENCY

CAD

Hedged
NAV

$11.55

Updated Daily
MKT PRICE CLOSE

$11.54

Updated Daily
NET AUM*

$63.57M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0800

Cash, Per unit
DISTRIBUTION

$0.3200

Total, Since Inception
INCEPTION DATE

Jan. 16

2024

Key Facts

As at 2024/06/24

TICKER

HPYM.U

TSX
CURRENCY

USD

Unhedged
NAV

$11.58

Updated Daily
MKT PRICE CLOSE

$11.58

Updated Daily
NET AUM*

$63.57M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0800

Cash, Per unit
DISTRIBUTION

$0.3200

Total, Since Inception
INCEPTION DATE

Jan. 16

2024

Distributions

Last Cash Distribution Per Unit:

$0.0800

Last Ex-dividend Date:

2024/05/31

Last Record Date:

2024/05/31

Last Payment Date:

2024/06/07

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception (Class A):

CA$0.3200

Cash Distributions Since Inception (Class U):

US$0.3200

Ex-dividend DateRecord DatePayment DateClass AClass U (USD)Distribution Frequency
2024/05/312024/05/312024/06/07$0.0800$0.0800Monthly
2024/04/292024/04/302024/05/09$0.0800$0.0800Monthly
2024/03/272024/03/282024/04/09$0.0800$0.0800Monthly
2024/02/282024/02/292024/03/08$0.0800$0.0800Monthly

Annual Tax Information


Portfolio Analysis

As at May 31, 2024

Average Credit Rating:

AA+

Number of US Treasury Bond ETF Holdings:

3

Modified Duration:

6.9

Weighted Maturity:

8.1 Years

Holdings

As at May 31, 2024

NameTickerWeightSectorCountry
iShares 7-10 Year Treasury Bond ETFIEF US90.9%Treasury BondsUnited States
Schwab Intermediate-Term U.S. Treasury ETFSCHR US4.4%Treasury BondsUnited States
Vanguard Intermediate-Term Treasury ETFVGIT US4.4%Treasury BondsUnited States
Foreign currency forwards0.3%
Cash and other assets and liabilities0.0%
Market value of options(0.1)%

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HPYM Historical Daily Prices (CLICK HERE)

Documents

DocumentLanguageType
Product SheetEnglishFrenchFund Documents
Investor BrochureEnglishFrenchFund Documents
ETF FactsEnglishFrenchRegulatory
ProspectusEnglishFrenchRegulatory
ETF Products BookletEnglishFrenchInformation Materials
Covered Call WritingEnglishFrenchInformation Materials
2024 Quarterly Summary - Q1English-Portfolio Disclosure

Investment Goal

The Harvest Premium Yield 7-10 Year Treasury ETF will seek to provide attractive and tax efficient monthly cash distributions to unitholders supported by writing call options on up to 100% of its investment in US Treasury ETFs, that primarily hold mid-duration US Treasury bonds with average maturities of 7-10 years (intermediate treasury bonds). The level of covered call option writing may vary based on market volatility and other factors. HPYM aims to provide stability from its exposure to US Treasury bonds, which are guaranteed with the full faith and credit of the US government.

 

Benefits of investing in HPYM

  • Exposure to high quality medium-range US Treasury Bonds through US-listed ETFs

  • Covered call strategy increased yields and lower volatility on underlying holdings

  • Experienced active covered call specialists at Harvest ETFs

  • Currency hedged with attractive tax efficient income

  • Competitive management fee

HPYM Product Sheet


Key ETF Details

As at May 31, 2024

ETF DetailsClass AClass U
TSX CodeHPYMHPYM.U
CUSIP41754J20941754J100
CurrencyCAD-HedgedUS Dollar
Inception Date2024/01/16
Management StyleActive with Covered Calls
Asset ClassFixed Income
Average Credit RatingAA+
Modified Duration***
6.9
Weighted Maturity
8.1 Years
Number of US Treasury Bond ETF Holdings3
EligibleRRSP | RRIF | RESP | TFSA | FHSA
Management Fee0.45%
Risk Ratingmed_risk_bar
Distribution FactsClass AClass U
Last Cash Distribution Per UnitCA$0.0800US$0.0800
Last Record Date2024/05/312024/05/31
Cash Distributions Since InceptionCA$0.3200US$0.3200
Cash Distribution FrequencyMonthly
Distribution MethodCash or DRIP
Fixed Income Interactive Brochure

Investor Documents

Product Sheet Fr


ETFs Booklet En | Fr


Investor Brochure EnFr


ETF Facts En | Fr


Prospectus En | Fr


Covered Call Writing En | Fr

Relevant Posts

Disclaimer

Harvest Premium Yield 7-10 Treasury ETF 

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

*** Based on weighted average portfolio of underlying US Treasury Bond ETF holdings. Generally, modified duration can be defined as a measure that assesses a bond's interest rate sensitivity. It is a time-weighted measure that estimates the percentage change in a bond's price for a 1% change in yield. Average credit rating source Bloomberg, based on weighted average credit ratings of underlying bonds.

‡ Source: Bloomberg. Average statistics calculated based on portfolio weighted average. The above information is for illustrative purposes only, is estimated and unaudited.

Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds managed by Harvest Portfolios Group Inc. (the “Funds” or a “Fund”). Please read the relevant prospectus before investing. The Funds’ returns 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.

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 and Class U units of the Fund. If a Fund earns less than the amounts distributed, the difference is a return of capital.

Certain statements included in this communication constitute forward-looking statements (“FLS”, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Funds. The FLS are not historical facts but reflect the Harvest’s and the portfolio manager of the Funds current expectations regarding future results or events. These FLS are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Harvest and the portfolio manager of the Funds believe that the assumptions inherent in the FLS are reasonable, FLS are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, Harvest and the portfolio manager of the Funds undertake no obligation to update publicly or otherwise revise any FLS or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.