Key Facts
As at 2025/02/14
TICKER
HPYM
TSX
CURRENCY
CAD
Hedged
NAV
$10.93
Updated Daily
MKT PRICE CLOSE
$10.94
Updated Daily
NET AUM*
$196.01M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0800
Cash, Per unit
CURRENT YIELD
8.78%
Updated Daily
DISTRIBUTION
$0.9600
Total, Since Inception
Key Facts
As at 2025/02/14
TICKER
HPYM.U
TSX
CURRENCY
USD
Unhedged
NAV
$11.06
Updated Daily
MKT PRICE CLOSE
$11.06
Updated Daily
NET AUM*
$196.01M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0800
Cash, Per unit
CURRENT YIELD
8.68%
Updated Daily
DISTRIBUTION
$0.9600
Total, Since Inception
Key Facts
As at 2025/02/14
TICKER
HPYM
TSX
CURRENCY
CAD
Hedged
NAV
$10.93
Updated Daily
MKT PRICE CLOSE
$10.94
Updated Daily
NET AUM*
$196.01M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0800
Cash, Per unit
CURRENT YIELD
8.78%
Updated Daily
DISTRIBUTION
$0.9600
Total, Since Inception
Key Facts
As at 2025/02/14
TICKER
HPYM.U
TSX
CURRENCY
USD
Unhedged
NAV
$11.06
Updated Daily
MKT PRICE CLOSE
$11.06
Updated Daily
NET AUM*
$196.01M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
LAST DISTRIBUTION
$0.0800
Cash, Per unit
CURRENT YIELD
8.68%
Updated Daily
DISTRIBUTION
$0.9600
Total, Since Inception
Distributions
Last Cash Distribution Per Unit: $0.0800 |
Last Ex-dividend Date: 2025/01/31 |
Last Record Date: 2025/01/31 |
Last Payment Date: 2025/02/07 |
Cash Distribution Frequency: Monthly |
Cash Distributions Since Inception (Class A): CA$0.9600 |
Cash Distributions Since Inception (Class U): US$0.9600 |
Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class U (USD) | Distribution Frequency |
---|---|---|---|---|---|
2025/01/31 | 2025/01/31 | 2025/02/07 | $0.0800 | $0.0800 | Monthly |
Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class U (USD) | Distribution Frequency |
---|---|---|---|---|---|
2024/12/31 | 2024/12/31 | 2025/01/09 | $0.0800 | $0.0800 | Monthly |
2024/11/29 | 2024/11/29 | 2024/12/09 | $0.0800 | $0.0800 | Monthly |
2024/10/31 | 2024/10/31 | 2024/11/08 | $0.0800 | $0.0800 | Monthly |
2024/09/27 | 2024/09/27 | 2024/10/09 | $0.0800 | $0.0800 | Monthly |
2024/08/30 | 2024/08/30 | 2024/09/09 | $0.0800 | $0.0800 | Monthly |
2024/07/31 | 2024/07/31 | 2024/08/09 | $0.0800 | $0.0800 | Monthly |
2024/06/28 | 2024/06/28 | 2024/07/09 | $0.0800 | $0.0800 | Monthly |
2024/05/31 | 2024/05/31 | 2024/06/07 | $0.0800 | $0.0800 | Monthly |
2024/04/29 | 2024/04/30 | 2024/05/09 | $0.0800 | $0.0800 | Monthly |
2024/03/27 | 2024/03/28 | 2024/04/09 | $0.0800 | $0.0800 | Monthly |
2024/02/28 | 2024/02/29 | 2024/03/08 | $0.0800 | $0.0800 | Monthly |
Portfolio Analysis‡
As at January 31, 2025
Average Credit Rating: AA+ |
Number of US Treasury Bond ETF Holdings: 3 |
Modified Duration: 6.9 |
Weighted Maturity: 8.3 Years |
Holdings
As at January 31, 2025
Name | Ticker | Weight | Sector | Country |
---|---|---|---|---|
iShares 7-10 Year Treasury Bond ETF | IEF US | 92.6% | Treasury Bonds | United States |
Schwab Intermediate-Term U.S. Treasury ETF | SCHR US | 4.2% | Treasury Bonds | United States |
Vanguard Intermediate-Term Treasury ETF | VGIT US | 4.2% | Treasury Bonds | United States |
Cash and other assets and liabilities | 0.3% | |||
Market value of options | (0.2)% | |||
Foreign currency forwards | (1.1)% |
Annualized Performance
As at January 31, 2025
Ticker | 1M | 3M | 6M | YTD | 1Y | SI |
---|---|---|---|---|---|---|
HPYM | 0.52 | (0.89) | (2.08) | 0.52 | (1.39) | (1.27) |
HPYM.U | 0.58 | (0.55) | (1.40) | 0.58 | (0.33) | (0.34) |
Calendar Year Performance †
As at January 31, 2025
Ticker | 2024 | |
---|---|---|
HPYM | (1.85) | |
HPYM.U | (0.94) |
Cumulative Market Price#
(Monthly Distribution: $0.0800)
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.
HPYM Historical Daily Prices (CLICK HERE)
Documents
Document | Language | Type | |
---|---|---|---|
Product Sheet | English | French | Fund Documents |
ETF Facts | English | French | Regulatory |
Prospectus | English | French | Regulatory |
ETF Products Booklet | English | French | Information Materials |
Covered Call Writing | English | French | Information Materials |
MER Summary | English | French | Information Materials |
2024 Interim Financial Statements | English | French | Statements/MRFPs |
2024 Interim Management Report of Fund Performance | English | French | Statements/MRFPs |
2024 Quarterly Summary - Q3 | English | - | Portfolio Disclosure |
2024 Quarterly Summary - Q1 | English | - | Portfolio Disclosure |
Proxy Voting Policy | English | - | Proxy Voting |
Proxy Voting Records | English | - | Proxy Voting |
HPYM Historical Documents (CLICK HERE)
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
|
Key ETF Details
As at January 31, 2025
ETF Details | Class A | Class U |
---|---|---|
TSX Code | HPYM | HPYM.U |
CUSIP | 41754J209 | 41754J100 |
Currency | CAD-Hedged | US Dollar |
Inception Date | 2024/01/16 | |
Management Style | Active with Covered Calls | |
Asset Class | Fixed Income | |
Average Credit Rating | AA+ | |
Modified Duration*** | 6.9 | |
Weighted Maturity | 8.3 Years | |
Number of US Treasury Bond ETF Holdings | 3 | |
Eligible | RRSP | RRIF | RESP | TFSA | FHSA | |
Management Fee | 0.45% | |
Risk Rating | ||
Distribution Facts | Class A | Class U |
Last Cash Distribution Per Unit | CA$0.0800 | US$0.0800 |
Last Record Date | 2025/01/31 | 2025/01/31 |
Cash Distributions Since Inception | CA$0.9600 | US$0.9600 |
Cash Distribution Frequency | Monthly |
|
Distribution Method | Cash or DRIP |
Relevant Insights
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.
# For illustrative purposes only. The chart above only shows the market value per unit of Harvest Premium Yield 7-10 Year Treasury ETF ("HPYM") using the daily market close on the TSX and identifies the monthly cash distributions paid by HPYM 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 HPYM or returns on investment in HPYM, 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 “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.