HPYT

Harvest Premium Yield Treasury ETF

US Treasury Income, Monthly Cash Distribution Through Covered Calls

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 2024/04/19

TICKER

HPYT

TSX
CURRENCY

CAD

Hedged
NAV

$10.97

Updated Daily
MKT PRICE CLOSE

$10.97

Updated Daily
NET AUM*

$287.03M

Updated Daily

MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$0.9000

Total, Since Inception
INCEPTION DATE

Sept. 28

2023

Key Facts

As at 2024/04/19

TICKER

HPYT.U

TSX
CURRENCY

USD

Unhedged
NAV

$11.16

Updated Daily
MKT PRICE CLOSE

$11.16

Updated Daily
NET AUM*

$287.03M

Updated Daily

MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$0.3000

Total, Since Inception
INCEPTION DATE

Jan.16

2024

Key Facts

As at 2024/04/19

TICKER

HPYT

TSX
CURRENCY

CAD

Hedged
NAV

$10.97

Updated Daily
MKT PRICE CLOSE

$10.97

Updated Daily
NET AUM*

$287.03M

Updated Daily

MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$0.9000

Total, Since Inception
INCEPTION DATE

Sept. 28

2023

Key Facts

As at 2024/04/19

TICKER

HPYT.U

TSX
CURRENCY

USD

Unhedged
NAV

$11.16

Updated Daily
MKT PRICE CLOSE

$11.16

Updated Daily
NET AUM*

$287.03M

Updated Daily

MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1500

Cash, Per unit
DISTRIBUTION

$0.3000

Total, Since Inception
INCEPTION DATE

Jan. 16

2024

Distributions

Last Cash Distribution Per Unit:

$0.1500

Last Ex-dividend Date:

2024/03/27

Last Record Date:

2024/03/28

Last Payment Date:

2024/04/09

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception (Class A):

CA$0.9000

Cash Distributions Since Inception (Class U):

US$0.3000

Ex-dividend DateRecord DatePayment DateClass AClass U (USD)Distribution Frequency
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 AClass 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

2023 Annual Tax Information can be accessed here.


Portfolio Analysis

As at March 28, 2024

Average Credit Rating:

AA+

Modified Duration:

16.3

Weighted Maturity:

25.0 Years

Number of Treasury Bond/Bill ETF Holdings:

5

Average Market Capitalization (CAD):

$50B

Holdings

As at March 28, 2024

NameTickerWeightSectorCountry
iShares 20+ Year Treasury Bond ETFTLT US67.7%Treasury BondsUnited States
Vanguard Long-Term Treasury ETFVGLT US16.6%Treasury BondsUnited States
SPDR Portfolio Long Term Treasury ETFSPTL US12.1%Treasury BondsUnited States
iShares 10-20 Year Treasury Bond ETFTLH US4.8%Treasury BondsUnited States
Harvest Canadian T-Bill ETFTBIL CN0.3%Cash EquivalentsCanada
Cash and other assets and liabilities0.2%
Foreign currency forwards(0.4)%
Market value of options(1.4)%

Download CSV


Documents

DocumentLanguageType
Product SheetEnglishFrenchFund Documents
Investor BrochureEnglishFrenchFund Documents
ETF FactsEnglishFrenchRegulatory
ProspectusEnglishFrenchRegulatory
ETF Products BookletEnglishFrenchInformation Materials
Covered Call WritingEnglishFrenchInformation Materials
2023 Annual Distributions SummaryEnglish-Information Materials
2023 Annual Financial StatementsEnglishFrenchStatements/MRFPs
2023 Annual Management Report of Fund PerformanceEnglishFrenchStatements/MRFPs
2023 Quarterly Summary - Q3English-Portfolio Disclosure
PFIC Annual Information StatementEnglish-Information Statement

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 March 28, 2024

ETF DetailsClass AClass U
TSX CodeHPYTHPYT.U
CUSIP417922101417922200
CurrencyCAD-HedgedUS Dollar
Inception Date2023/09/282024/01/16
Management StyleActive with Covered Calls
Asset ClassFixed Income
Average Credit RatingAA+
Modified Duration***
16.3
Weighted Maturity
25.0 Years
Number of Treasury Bond/Bill ETF Holdings5
EligibleRRSP | RRIF | RESP | TFSA
Management Fee0.45%
Risk Ratingmed_risk_bar
Distribution FactsClass AClass U
Last Cash Distribution Per UnitCA$0.1500US$0.1500
Last Record Date2024/03/282024/03/28
Cash Distributions Since InceptionCA$0.9000US$0.3000
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


Prospectus Amendment 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.

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.