HUBL

Harvest US Bank Leaders Income ETF

The Power of US Financial Titans

US banks and financial institutions are key to the functioning of American and global business. The US financial sector is more competitive than its Canadian equivalent, but the largest US banks have a scale and presence that is unmatched globally. This ETF holds these leaders in US banking and uses covered calls to enhance income.

Key Facts

As at 2024/05/28

TICKER

HUBL

TSX
CURRENCY

CAD

Hedged
NAV

$12.02

Updated Daily
MKT PRICE CLOSE

$12.02

Updated Daily
NET AUM*

$119.38M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0833

Cash, Per Unit
CURRENT YIELD

8.32%

Updated Daily
DISTRIBUTION

$6.2475

Total, Since Inception**

Key Facts

As at 2024/05/28

TICKER

HUBL.U

TSX
CURRENCY

USD

Unhedged
NAV

$13.36

Updated Daily
MKT PRICE CLOSE

$13.36

Updated Daily
NET AUM*

$119.38M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.0833

Cash, Per Unit
CURRENT YIELD

7.48%

Updated Daily
DISTRIBUTION

$6.2475

Total, Since Inception**

Key Facts

As at 2024/05/28

TICKER

HUBL

TSX
CURRENCY

CAD

Hedged
NAV

$12.02

Updated Daily
MKT PRICE CLOSE

$12.02

Updated Daily
NET AUM*

$119.38M

Updated Daily
MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTIONS

Monthly

Frequency
LAST DISTRIBUTION

$0.0833

Cash, Per Unit
CURRENT YIELD

8.32%

Updated Daily
DISTRIBUTION

$6.2475

Total, Since Inception**

Key Facts

As at 2024/05/28

TICKER

HUBL.U

TSX
CURRENCY

USD

Unhedged
NAV

$13.36

Updated Daily
MKT PRICE CLOSE

$13.36

Updated Daily
NET AUM*

$119.38M

Updated Daily

MGMT STYLE

Active

With Covered Calls
CASH DISTRIBUTIONS

Monthly

Frequency
LAST DISTRIBUTION

$0.0833

Cash, Per Unit
CURRENT YIELD

7.48%

Updated Daily
DISTRIBUTION

$6.2475

Total, Since Inception**

Distributions

Last Cash Distribution Per Unit:

$0.0833

Last Ex-dividend Date:

2024/04/29

Last Record Date:

2024/04/30

Last Payment Date:

2024/05/09

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception (Class A)**:

CA$6.2475

Cash Distributions Since Inception (Class U)**:

US$6.2475

Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2024/04/292024/04/302024/05/09$0.0833$0.0833Monthly
2024/03/272024/03/282024/04/09$0.0833$0.0833Monthly
2024/02/282024/02/292024/03/08$0.0833$0.0833Monthly
2024/01/302024/01/312024/02/09$0.0833$0.0833Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2023/12/282023/12/292024/01/09$0.0833$0.0833Monthly
2023/11/292023/11/302023/12/08$0.0833$0.0833Monthly
2023/10/302023/10/312023/11/09$0.0833$0.0833Monthly
2023/09/282023/09/292023/10/06$0.0833$0.0833Monthly
2023/08/302023/08/312023/09/08$0.0833$0.0833Monthly
2023/07/282023/07/312023/08/09$0.0833$0.0833Monthly
2023/06/292023/06/302023/07/07$0.0833$0.0833Monthly
2023/05/302023/05/312023/06/09$0.0833$0.0833Monthly
2023/04/272023/04/282023/05/09$0.0833$0.0833Monthly
2023/03/302023/03/312023/04/06$0.0833$0.0833Monthly
2023/02/272023/02/282023/03/09$0.0833$0.0833Monthly
2023/01/302023/01/312023/02/09$0.0833$0.0833Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2022/12/292022/12/302023/01/09$0.0833$0.0833Monthly
2022/11/292022/11/302022/12/09$0.0833$0.0833Monthly
2022/10/282022/10/312022/11/09$0.0833$0.0833Monthly
2022/09/282022/09/292022/10/07$0.0833$0.0833Monthly
2022/08/302022/08/312022/09/09$0.0833$0.0833Monthly
2022/07/282022/07/292022/08/09$0.0833$0.0833Monthly
2022/06/292022/06/302022/07/08$0.0833$0.0833Monthly
2022/05/302022/05/312022/06/09$0.0833$0.0833Monthly
2022/04/282022/04/292022/05/09$0.0833$0.0833Monthly
2022/03/302022/03/312022/04/08$0.0833$0.0833Monthly
2022/02/252022/02/282022/03/09$0.0833$0.0833Monthly
2022/01/282022/01/312022/02/09$0.0833$0.0833Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2021/12/302021/12/312022/01/07$0.0833$0.0833Monthly
2021/12/302021/12/312021/12/31$0.2490Notional***
2021/11/292021/11/302021/12/09$0.0833$0.0833Monthly
2021/10/282021/10/292021/11/09$0.0833$0.0833Monthly
2021/09/282021/09/302021/10/08$0.0833$0.0833Monthly
2021/08/302021/08/312021/09/09$0.0833$0.0833Monthly
2021/07/292021/07/302021/08/09$0.0833$0.0833Monthly
2021/06/292021/06/302021/07/09$0.0833$0.0833Monthly
2021/05/282021/05/312021/06/09$0.0833$0.0833Monthly
2021/04/292021/04/302021/05/07$0.0833$0.0833Monthly
2021/03/302021/03/312021/04/09$0.0833$0.0833Monthly
2021/02/252021/02/262021/03/09$0.0833$0.0833Monthly
2021/01/282021/01/292021/02/09$0.0833$0.0833Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2020/12/302020/12/312021/01/08$0.0833$0.0833Monthly
2020/11/272020/11/302020/12/09$0.0833$0.0833Monthly
2020/10/292020/10/302020/11/09$0.0833$0.0833Monthly
2020/09/292020/09/302020/10/09$0.0833$0.0833Monthly
2020/08/282020/08/312020/09/09$0.0833$0.0833Monthly
2020/07/302020/07/312020/08/07$0.0833$0.0833Monthly
2020/06/292020/06/302020/07/09$0.0833$0.0833Monthly
2020/05/282020/05/292020/06/09$0.0833$0.0833Monthly
2020/04/292020/04/302020/05/08$0.0833$0.0833Monthly
2020/03/302020/03/312020/04/09$0.0833$0.0833Monthly
2020/02/272020/02/282020/03/09$0.0833$0.0833Monthly
2020/01/302020/01/312020/02/07$0.0833$0.0833Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2019/12/302019/12/31$0.0833$0.0833Monthly
2019/11/282019/11/29$0.0833$0.0833Monthly
2019/10/302019/10/31$0.0833$0.0833Monthly
2019/09/272019/09/30$0.0833$0.0833Monthly
2019/08/292019/08/30$0.0833$0.0833Monthly
2019/07/302019/07/31$0.0833$0.0833Monthly
2019/06/272019/06/28$0.0833$0.0833Monthly
2019/05/302019/05/31$0.0833$0.0833Monthly
2019/04/292019/04/30$0.0833$0.0833Monthly
2019/03/282019/03/29$0.0833$0.0833Monthly
2019/02/272019/02/28$0.0833$0.0833Monthly
2019/01/302019/01/31$0.0833$0.0833Monthly
Ex-dividend DateRecord DatePayment DateClass A (CAD)Class U (USD)Distribution Frequency
2018/12/282018/12/31$0.0833$0.0833Monthly
2018/11/292018/11/30$0.0833$0.0833Monthly
2018/10/302018/10/31$0.0833$0.0833Monthly
2018/09/272018/09/28$0.0833$0.0833Monthly
2018/08/302018/08/31$0.0833$0.0833Monthly
2018/07/302018/07/31$0.0833$0.0833Monthly
2018/06/282018/06/29$0.0833$0.0833Monthly
2018/05/302018/05/31$0.0833$0.0833Monthly
2018/04/272018/04/30$0.0833$0.0833Monthly
2018/03/282018/03/29$0.0833$0.0833Monthly
2018/02/272018/02/28$0.0833$0.0833Monthly

2023 Annual Tax Information can be accessed here.


Portfolio Analysis

As at April 30, 2024

Number of Equity Securities:

16

Average Market Capitalization (CAD):

$164B

Average P/E:

11.1x

Average Dividend Yield:

3.69%

Average 5 Year Return on Equity:

11.56%

.


Sub-Sector Allocation

As at April 30, 2024

Holdings

As at April 30, 2024

NameTickerWeightSectorCountry
Citigroup Inc.C US7.1%BanksUnited States
First Citizens BancShares, Inc.FCNCA US7.1%BanksUnited States
The Goldman Sachs Group, Inc.GS US7.0%Capital MarketsUnited States
Bank of America CorporationBAC US6.8%BanksUnited States
M&T Bank CorporationMTB US6.8%BanksUnited States
Wells Fargo & CompanyWFC US6.8%BanksUnited States
JPMorgan Chase & Co.JPM US6.7%BanksUnited States
Morgan StanleyMS US6.7%Capital MarketsUnited States
The PNC Financial Services Group, Inc.PNC US6.7%BanksUnited States
Truist Financial CorporationTFC US6.7%BanksUnited States
Citizens Financial Group, Inc.CFG US6.6%BanksUnited States
Regions Financial CorporationRF US6.6%BanksUnited States
Fifth Third BancorpFITB US6.5%BanksUnited States
U.S. BancorpUSB US6.3%BanksUnited States
Huntington Bancshares IncorporatedHBAN US5.7%BanksUnited States
Cash and other assets and liabilities0.5%
Harvest Canadian T-Bill ETFTBIL CN0.2%Cash EquivalentsCanada
Foreign currency forwards(0.4)%
Market value of options(0.5)%

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Annualized Performance

As at April 30, 2024

Ticker1M3M6MYTD1Y2Y3Y4Y5YSI
HUBL(1.71)7.5732.888.0020.49(1.80)(4.75)9.630.85(1.31)
HUBL.U(1.63)7.8133.668.2822.01(0.62)(3.62)11.082.550.03

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Calendar Year Performance

As at April 30, 2024

Ticker202320222021202020192018
HUBL(8.53)(15.74)29.16(10.69)26.76(24.33)
HUBL.U(7.44)(14.57)30.51(7.06)27.97(24.63)

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Cumulative Market Price#

(Monthly Distribution: $0.0833)

 

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.

HUBL Historical Daily Prices (CLICK HERE)


Documents

HUBL Product Sheet
Product Sheet
HUBL Investor Brochure
Investor Brochure
HUBL ETF Facts
ETF Facts

DocumentLanguageType
Product SheetEnglishFrenchFund Documents
Investor BrochureEnglish-Fund Documents
ETF FactsEnglishFrenchRegulatory
ProspectusEnglishFrenchRegulatory
ETF Products BookletEnglishFrenchInformation Materials
MER SummaryEnglishFrenchInformation Materials
Covered Call WritingEnglishFrenchInformation Materials
2023 Annual Distributions SummaryEnglish-Information Materials
2023 Annual Financial StatementsEnglishFrenchStatements/MRFPs
2023 Annual Management Report of Fund Performance EnglishFrenchStatements/MRFPs
2023 Quarterly Summary - Q3English-Portfolio Disclosure
2023 Quarterly Summary - Q1English-Portfolio Disclosure
PFIC Annual Information StatementEnglish-Information Statement
IRS Form 8937English-Tax Form
Proxy Voting PolicyEnglish-Proxy Voting
July 1, 2022 to June 30, 2023 Proxy SummaryEnglish-Proxy Voting

HUBL Historical Documents (CLICK HERE)


Investment Goal

Harvest US Bank Leaders Income ETF is a core US financials portfolio focused on the dominant bank and financial companies in the US. The ETF is designed to provide a consistent monthly income with an opportunity for growth. In order to generate an enhanced monthly distribution yield, an active covered call strategy is engaged.

 

Benefits of investing in HUBL

  • Core dividend-paying US financials equity portfolio

  • Exposure to a diversified portfolio of large-capitalized US banks & financial stocks

  • Attractive monthly income with opportunity for capital appreciation

  • Covered call strategy used to enhance portfolio income potential and lower portfolio volatility

  • Available in two currency classes: Hedged, US dollar

HUBL Product Sheet

Key ETF Details

As at April 30, 2024

ETF DetailsClass AClass U
TSX CodeHUBLHUBL.U
CUSIP41755H10341755H202
CurrencyCAD-HedgedUS Dollar
Inception Date2018/01/262018/01/26
Management StyleActive with Covered Calls
EligibleRRSP | RRIF | RESP | TFSA | FHSA
Management Fee0.75%
Risk Ratingmed_risk_bar
Distribution FactsClass AClass U
Last DistributionCA$0.0833US$0.0833
Last Record Date2024/04/302024/04/30
Distributions SI*CA$6.2475US$6.2475
Distribution FrequencyMonthly
Distribution MethodCash or DRIP
Annual Distributions SummaryPDF View
HUTL Interactive Brochure

Investor Documents

Product Sheet Fr


Investor Brochure En


ETFs Booklet En | Fr


ETF Facts En | Fr


Prospectus En | Fr


Covered Call Writing En | Fr


MER Summary En | Fr

Relevant Posts

Disclaimer

Harvest US Bank Leaders 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 (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. If the Fund earns less than the amount distributed, the difference is a return of capital. 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.

* Represents aggregate AUM of all classes denominated in Canadian dollars.

** Inception Date: Class A is 2018/02/05; Class U is 2018/02/05.

*** Notional non-cash distributions are paid annually (if any). There is no impact on net asset value per unit. The notional distribution is added to the cost base of the ETF and is taxable if not held in a registered account (RSP/RIF/TFSA and RESP).

† The first year of Calendar Year Performance presents the rate of return from commencement of operations to December 31 of that year.

Source: Bloomberg. Average statistics calculated based on portfolio weighted average. Dividend yield (gross) based on Bloomberg indicated 12 month yield of portfolios positions and does not represent the distribution yield paid to investors. 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 US Bank Leaders Income ETF ("HUBL") using the daily market close on the TSX and identifies the monthly cash distributions paid by HUBL 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 HUBL or returns on investment in HUBL, which will vary.