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 Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
---|---|---|---|---|---|---|
2024/09/27 | 2024/09/27 | 2024/10/09 | $0.1500 | $0.1500 | $0.1500 | Monthly |
2024/08/30 | 2024/08/30 | 2024/09/09 | $0.1500 | $0.1500 | $0.1500 | Monthly |
2024/07/31 | 2024/07/31 | 2024/08/09 | $0.1500 | $0.1500 | $0.1500 | Monthly |
2024/06/28 | 2024/06/28 | 2024/07/09 | $0.1500 | $0.1500 | $0.1500 | Monthly |
2024/05/31 | 2024/05/31 | 2024/06/07 | $0.1500 | $0.1500 | Monthly | |
2024/04/29 | 2024/04/30 | 2024/05/09 | $0.1500 | $0.1500 | Monthly | |
2024/03/27 | 2024/03/28 | 2024/04/09 | $0.1500 | $0.1500 | Monthly | |
2024/02/28 | 2024/02/29 | 2024/03/08 | $0.1500 | $0.1500 | Monthly | |
2024/01/30 | 2024/01/31 | 2024/02/09 | $0.1500 | Monthly |
Ex-dividend Date | Record Date | Payment Date | Class A (CAD) | Class B (CAD) | Class U (USD) | Distribution Frequency |
---|---|---|---|---|---|---|
2023/12/28 | 2023/12/29 | 2024/01/09 | $0.1500 | Monthly | ||
2023/11/29 | 2023/11/30 | 2023/12/08 | $0.1500 | Monthly | ||
2023/10/30 | 2023/10/31 | 2023/11/09 | $0.1500 | Monthly |
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
Name | Ticker | Weight | Sector | Country |
---|---|---|---|---|
iShares 20+ Year Treasury Bond ETF | TLT US | 68.9% | Treasury Bonds | United States |
Vanguard Long-Term Treasury ETF | VGLT US | 15.2% | Treasury Bonds | United States |
SPDR Portfolio Long Term Treasury ETF | SPTL US | 6.0% | Treasury Bonds | United States |
Vanguard Extended Duration Treasury ETF | EDV US | 5.5% | Treasury Bonds | United States |
iShares 10-20 Year Treasury Bond ETF | TLH US | 3.4% | Treasury Bonds | United States |
Cash and other assets and liabilities | 1.1% | |||
Harvest Canadian T-Bill ETF | TBIL CN | 0.3% | Cash Equivalents | Canada |
Foreign currency forwards | 0.0% | |||
Market value of options | (0.4)% |
Annualized Performance
As at September 30, 2024
Calendar Year Performance †
As at September 30, 2024
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
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 |
2024 Interim Financial Statements | English | French | Statements/MRFPs |
2024 Interim Management Report of Fund Performance | English | French | Statements/MRFPs |
2024 Quarterly Summary - Q1 | English | - | Portfolio Disclosure |
2023 Annual Distributions Summary | English | - | Information Materials |
MER Summary | English | French | Information Materials |
PFIC Annual Information Statement | English | - | Information Statement |
Proxy Voting Policy | English | - | Proxy Voting |
Proxy Voting Records | English | - | 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
|
Key ETF Details
As at September 30, 2024
ETF Details | Class A | Class B | Class U |
---|---|---|---|
TSX Code | HPYT | HPYT.B | HPYT.U |
CUSIP | 417922101 | 417922309 | 417922200 |
Currency | CAD-Hedged | CAD-Unhedged | US Dollar |
Inception Date | 2023/09/28 | 2024/06/12 | 2024/01/16 |
Management Style | Active with Covered Calls | ||
Asset Class | Fixed Income | ||
Average Credit Rating | AA+ | ||
Modified Duration*** | 16.8 | ||
Weighted Maturity | 25.0 Years | ||
Number of Treasury Bond/Bill ETF Holdings | 5 | ||
Eligible | RRSP | RRIF | RESP | TFSA | FHSA | ||
Management Fee | 0.45% | ||
Risk Rating | |||
Distribution Facts | Class A | Class B | Class U |
Last Cash Distribution Per Unit | CA$0.1500 | CA$0.1500 | US$0.1500 |
Last Record Date | 2024/09/27 | 2024/09/27 | 2024/09/27 |
Cash Distributions Since Inception | CA$1.8000 | CA$0.6000 | US$1.2000 |
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.
*** 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.