Key Facts
As at 2023/11/27
TICKER
HPYT
TSX
CURRENCY
CAD
Hedged
NAV
$12.01
Updated Daily
MKT PRICE CLOSE
$12.03
Updated Daily
NET AUM*
$100.60M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
CURRENT YIELD
14.96%
Updated Daily
DISTRIBUTION
$0.1500
Cash, Per unit
INCEPTION DATE
Sept. 28
2023
Key Facts
As at 2023/11/27
TICKER
HPYT
TSX
CURRENCY
CAD
Hedged
NAV
$12.01
Updated Daily
MKT PRICE CLOSE
$12.03
Updated Daily
NET AUM*
$100.60M
Updated Daily
MGMT STYLE
Active
With Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
CURRENT YIELD
14.96%
Updated Daily
DISTRIBUTION
$0.1500
Cash, Per unit
INCEPTION DATE
Sept. 28
2023
Distributions
Last Ex-dividend Date: 2023-10-30 |
Last Record Date: 2023-10-31 |
Last Payment Date: 2023-11-09 |
Last Cash Distribution Per Unit: $0.1500 |
Cash Distribution Frequency: Monthly |
Cash Distributions Since Inception: $0.1500 |
Ex-dividend Date | Record Date | Payment Date | Class A | Distribution Frequency |
---|---|---|---|---|
2023-10-30 | 2023-10-31 | 2023-11-09 | $0.1500 | Monthly |
Portfolio Analysis‡
As at October 31, 2023
Average Credit Rating: AA+ |
Modified Duration: 16.1 Years |
Weighted Maturity: 25.1 Years |
Yield to Maturity: 5.20% |
Number of US Treasury Bond ETF Holdings: 5 |
Average Market Capitalization (CAD): $40B |
Average Dividend Yield: 4.23% |
Holdings
As at October 31, 2023
Name | Ticker | Weight | Sector | Country |
---|---|---|---|---|
iShares 20+ Year Treasury Bond ETF | TLT US | 68.0% | Treasury Bonds | United States |
Vanguard Long-Term Treasury ETF | VGLT US | 15.4% | Treasury Bonds | United States |
SPDR Portfolio Long Term Treasury ETF | SPTL US | 10.0% | Treasury Bonds | United States |
iShares 10-20 Year Treasury Bond ETF | TLH US | 4.8% | Treasury Bonds | United States |
Vanguard Extended Duration Treasury ETF | EDV US | 4.6% | Treasury Bonds | United States |
Cash and other assets and liabilities | (0.3)% | |||
Market value of options | (1.0)% | |||
Foreign currency forwards | (1.4)% |
Investment Goal
Harvest Premium Yield Treasury ETF will seek to provide high monthly cash distributions to Unitholders by investing, on a non-levered basis, in a portfolio of exchange traded funds, selected by the Manager, that provide exposure primarily to longer-dated U.S. treasury bonds and are listed on a regulated stock exchange in North America. HPYT will generally write covered call options on up to 100% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.
Benefits of investing in HPYT
|
Key ETF Details
As at October 31, 2023
ETF Details | Unit |
---|---|
TSX Code | HPYT |
CUSIP | 417922101 |
Currency | CAD-Hedged |
Inception Date | 2023/09/28 |
Management Style | Active with Covered Calls |
Asset Class | Fixed Income |
Average Credit Rating | AA+ |
Modified Duration*** | 16.1 Years |
Weighted Maturity | 25.1 Years |
Yield to Maturity | 5.20% |
Number of US Treasury Bond ETF Holdings | 5 |
Eligible | RRSP | RRIF | RESP | TFSA |
Management Fee | 0.45% |
Risk Rating | |
Distribution Facts | Unit |
Last Cash Distribution Per Unit | $0.1500 |
Last Record Date | 2023-10-31 |
Cash Distributions Since Inception | CA$0.1500 |
Cash Distribution Frequency | Monthly |
Distribution Method | Cash or DRIP |
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Disclaimer
Harvest Premium Yield Treasury ETF
* Represents aggregate AUM of all classes denominated in Canadian dollars.
** The current yield represents an annualized amount that comprised of 12 unchanged monthly distributions (the announced distribution of 0.15 cents multiplied by 12) as a percentage of the closing market price. 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.
*** 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 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.