HPYT

Harvest Premium Yield Treasury ETF

Canada’s Largest Covered Call Bond ETF

The Harvest Premium Yield Treasury ETF – A portfolio of ETFs, which hold longer dated US Treasury bonds that are secured by the full faith and credit of the US government, employing up to 100% covered call writing to generate a higher yield and maximize monthly cash flow.

Key Facts

As at 2024/10/04

TICKER

HPYT

TSX
CURRENCY

CAD

Hedged
NAV

$10.91

Updated Daily
MKT PRICE CLOSE

$10.92

Updated Daily
NET AUM*

$531.31M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
CURRENT YIELD

16.48%

Updated Daily
DISTRIBUTION

$1.8000

Total, Since Inception

Key Facts

As at 2024/10/04

TICKER

HPYT.B

TSX
CURRENCY

CAD

Unhedged
NAV

$10.91

Updated Daily
MKT PRICE CLOSE

$10.91

Updated Daily
NET AUM*

$531.31M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$0.1500

Total, Since Inception
INCEPTION DATE

June 12

2024

Key Facts

As at 2024/10/04

TICKER

HPYT.U

TSX
CURRENCY

USD

Unhedged
NAV

$11.16

Updated Daily
MKT PRICE CLOSE

$11.16

Updated Daily
NET AUM*

$531.31M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$1.2000

Total, Since Inception
INCEPTION DATE

Jan.16

2024

Key Facts

As at 2024/10/04

TICKER

HPYT

TSX
CURRENCY

CAD

Hedged
NAV

$10.91

Updated Daily
MKT PRICE CLOSE

$10.92

Updated Daily
NET AUM*

$531.31M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
CURRENT YIELD

16.48%

Updated Daily
DISTRIBUTION

$1.8000

Total, Since Inception

Key Facts

As at 2024/10/04

TICKER

HPYT.B

TSX
CURRENCY

CAD

Unhedged
NAV

$10.91

Updated Daily
MKT PRICE CLOSE

$10.91

Updated Daily
NET AUM*

$531.31M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$0.6000

Total, Since Inception
INCEPTION DATE

June 12

2024

Key Facts

As at 2024/10/04

TICKER

HPYT.U

TSX
CURRENCY

USD

Unhedged
NAV

$11.16

Updated Daily
MKT PRICE CLOSE

$11.16

Updated Daily
NET AUM*

$531.31M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$1.2000

Total, Since Inception
INCEPTION DATE

Jan. 16

2024

Distributions

Last Cash Distribution Per Unit:

$0.1500

Last Ex-dividend Date:

2024/09/27

Last Record Date:

2024/09/27

Last Payment Date:

2024/10/09

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception (Class A):

CA$1.8000

Cash Distributions Since Inception (Class B):

CA$0.6000

Cash Distributions Since Inception (Class U):

US$1.2000

Ex-dividend DateRecord DatePayment DateClass A (CAD)Class B (CAD)Class U (USD)Distribution Frequency
2024/09/272024/09/272024/10/09$0.1500$0.1500$0.1500Monthly
2024/08/302024/08/302024/09/09$0.1500$0.1500$0.1500Monthly
2024/07/312024/07/312024/08/09$0.1500$0.1500$0.1500Monthly
2024/06/282024/06/282024/07/09$0.1500$0.1500$0.1500Monthly
2024/05/312024/05/312024/06/07$0.1500$0.1500Monthly
2024/04/292024/04/302024/05/09$0.1500$0.1500Monthly
2024/03/272024/03/282024/04/09$0.1500$0.1500Monthly
2024/02/282024/02/292024/03/08$0.1500$0.1500Monthly
2024/01/302024/01/312024/02/09$0.1500Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class B (CAD)Class U (USD)Distribution Frequency
2023/12/282023/12/292024/01/09$0.1500Monthly
2023/11/292023/11/302023/12/08$0.1500Monthly
2023/10/302023/10/312023/11/09$0.1500Monthly

Annual Tax Information


Portfolio Analysis

As at September 30, 2024

Average Credit Rating:

AA+

Modified Duration:

16.8

Weighted Maturity:

25.0 Years

Number of Treasury Bond/Bill ETF Holdings:

5

Average Market Capitalization (CAD):

$62B

Holdings

As at September 30, 2024

NameTickerWeightSectorCountry
iShares 20+ Year Treasury Bond ETFTLT US68.9%Treasury BondsUnited States
Vanguard Long-Term Treasury ETFVGLT US15.2%Treasury BondsUnited States
SPDR Portfolio Long Term Treasury ETFSPTL US6.0%Treasury BondsUnited States
Vanguard Extended Duration Treasury ETFEDV US5.5%Treasury BondsUnited States
iShares 10-20 Year Treasury Bond ETFTLH US3.4%Treasury BondsUnited States
Cash and other assets and liabilities1.1%
Harvest Canadian T-Bill ETFTBIL CN0.3%Cash EquivalentsCanada
Foreign currency forwards0.0%
Market value of options(0.4)%

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Annualized Performance

As at September 30, 2024

Ticker1M3M6MYTD1YSI 
HPYT2.077.085.573.718.458.64

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Calendar Year Performance

As at September 30, 2024

Ticker2023 
HPYT4.85

Download CSV

Cumulative Market Price#

(Monthly Distribution: $0.1500)

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.

HPYT Historical Daily Prices (CLICK HERE)


Documents

DocumentLanguageType
Product SheetEnglishFrenchFund Documents
ETF FactsEnglishFrenchRegulatory
ProspectusEnglishFrenchRegulatory
ETF Products BookletEnglishFrenchInformation Materials
Covered Call WritingEnglishFrenchInformation Materials
2024 Interim Financial StatementsEnglishFrenchStatements/MRFPs
2024 Interim Management Report of Fund PerformanceEnglishFrenchStatements/MRFPs
2024 Quarterly Summary - Q1English-Portfolio Disclosure
2023 Annual Distributions SummaryEnglish-Information Materials
MER SummaryEnglishFrenchInformation Materials
PFIC Annual Information StatementEnglish-Information Statement
Proxy Voting PolicyEnglish-Proxy Voting
Proxy Voting RecordsEnglish-Proxy Voting

HPYT Historical Documents (CLICK HERE)


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

  • Exposure to high quality US Treasury Bonds through US listed ETFs

  • Covered call strategy increases yields and lowers volatility on underlying holdings

  • Experienced active covered call specialists – Harvest ETFs

  • Currency hedged with attractive tax efficient income

  • Competitive management fee 0.45%

HPYT Product Sheet


Key ETF Details

As at September 30, 2024

ETF DetailsClass AClass BClass U
TSX CodeHPYTHPYT.BHPYT.U
CUSIP417922101417922309417922200
CurrencyCAD-HedgedCAD-UnhedgedUS Dollar
Inception Date2023/09/282024/06/122024/01/16
Management StyleActive with Covered Calls
Asset ClassFixed Income
Average Credit RatingAA+
Modified Duration***
16.8
Weighted Maturity
25.0 Years
Number of Treasury Bond/Bill ETF Holdings5
EligibleRRSP | RRIF | RESP | TFSA | FHSA
Management Fee0.45%
Risk Ratingmed_risk_bar
Distribution FactsClass AClass BClass U
Last Cash Distribution Per UnitCA$0.1500CA$0.1500US$0.1500
Last Record Date2024/09/272024/09/272024/09/27
Cash Distributions Since InceptionCA$1.8000CA$0.6000US$1.2000
Cash Distribution FrequencyMonthly
Distribution MethodCash or DRIP

Investor Documents

Product Sheet Fr


ETFs Booklet En | Fr


ETF Facts En | Fr


Prospectus En | Fr


Prospectus Amendment En | Fr


Prospectus Amendment 2 En | Fr


Covered Call Writing En | Fr

Relevant Posts

Disclaimer

Harvest Premium Yield 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 Treasury ETF ("HPYT") using the daily market close on the TSX and identifies the monthly cash distributions paid by HPYT 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 HPYT or returns on investment in HPYT, 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.). 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. 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, Class B or Class U units of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. 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 most recent distribution stayed the same going forward.

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.