Harvest Diversified Equity
Income ETF
Reliable income – Diverse ETF Portfolios
The Harvest Diversified Equity Income ETF offers consistent monthly income from a portfolio of established Harvest ETFs. HRIF delivers exposure to a diversified set of large global companies. It earns its high income yield from the active & flexible covered call strategy applied to its underlying ETFs without the use of leverage.
Key Facts
As at2023/06/02
TICKER
HRIF
TSX
CURRENCY
CAD-Hedged
Underlying ETFs
NAV
$15.02
Updated Daily
MKT PRICE CLOSE
$15.01
Updated Daily
INCEPTION DATE
April 12
2023
MGMT STYLE
Active
With Covered Calls
Underlying ETFs
TARGET YIELD
8.00%
Initial
DISTRIBUTIONS
$0.1000
Cash, Per unit
DISTRIBUTIONS
Monthly
Frequency
HOLDINGS
7
Underlying ETFs
Distributions
|
Last Ex-dividend Date: 2023-05-30 |
|
Last Record Date: 2023-05-31 |
|
Last Payment Date: 2023-06-09 |
|
Last Cash Distribution Per Unit: $0.1000 |
|
Cash Distribution Frequency: Monthly |
|
Cash Distributions Since Inception: $0.1000 |
| Ex-dividend Date | Record Date | Payment Date | Class A | Distribution Frequency |
|---|---|---|---|---|
| 2023-05-30 | 2023-05-31 | 2023-06-09 | $0.1000 | Monthly |
Sub-Sector Allocation
Underlying ETFs - As at May 31, 2023
Holdings
As at May 31, 2023
Documents
| Document | Language | Type | |
|---|---|---|---|
| ETF Facts | English | French | Information Materials |
| Investor Booklet | English | - | Information Materials |
| ETF Products Booklet | English | French | Information Materials |
| Regulatory ETF Facts | English | French | Regulatory ETF Facts |
| Prospectus | English | French | Prospectus |
| Covered Call Writing | English | French | Information Materials |
| MER Summary | English | - | MER Summary |
| Proxy Voting Policy | English | - | Proxy Voting |
Investment Objective
Harvest Diversified Equity Income ETF provides high monthly cash distributions and the opportunity for capital appreciation by investing, on a non-levered basis, in a portfolio of Harvest ETFs that engage in covered call strategies to enhance monthly distribution yields.
Benefits of investing in HRIF
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ETF Facts
As at May 31, 2023
| Quick ETF Facts | Unit |
|---|---|
| TSX Code | HRIF |
| CUSIP | 41756E109 |
| Currency | CAD-Hedged (underlying ETFs) |
| Inception Date | 2023/04/12 |
| Holdings | 7 ETFs |
| Management Style | Active with Covered Calls (underlying ETFs) |
| Eligible | RRSP | RRIF | RESP | TFSA |
| Management Fee | Zero Management Fee (ETF is subject to fees of the underlying ETFs in the portfolio) |
| Risk Rating |  |
| Distribution Facts | Unit |
| Initial Target Yield | 8.00% |
| First Cash Distribution Per Unit | CA$0.1000 |
| First Record Date | 2023/05/31 |
| Distribution Frequency | Monthly |
| Distribution Method | Cash or DRIP |
Relevant Posts
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Disclaimer
Harvest Diversified Equity Income ETF
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 including changes in unit value and reinvestment of all distributions and do not take into account income taxes payable by any securityholder that would have reduced returns. The Fund is not guaranteed, its values changes 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 the Fund earns less than the amounts distributed, the difference is a return of capital.