Harvest Portfolios Group
HUTE

Harvest Equal Weight Global Utilities Enhanced Income ETF

Stability, Scale, and Enhanced Income

This ETF is built to deliver enhanced income and growth opportunities by applying modest leverage to the Harvest Equal Weight Global Utilities Income ETF (HUTL:TSX). It offers access to the same globally diversified portfolio of utilities companies with additional monthly cashflow.

The utilities sector is very attractive for defensive and income-oriented investors. By holding a portfolio diversified by sector and geography and applying a covered call strategy, this ETF maximizes the defensiveness and income potential of utilities.

Key Facts

As at 2022/11/29

TICKER

HUTE

TSX
CURRENCY

CAD

Hedged
Underlying ETF
NAV

$10.75

Updated Daily
MKT PRICE CLOSE

$10.72

Updated Daily
HOLDING

HUTL

Underlying ETF
MGMT STYLE

Rules-Based

With Covered Calls
Underlying ETF
CASH DISTRIBUTION

Monthly

Frequency
TARGET YIELD

10.20%

Initial
DISTRIBUTION

$0.0851

Cash, Per Unit
FIRST DISTRIBUTION

November 30

2022

Distributions

Last Ex-dividend Date:

2022-11-29

Last Record Date:

2022-11-30

Last Payment Date:

2022-12-09

Last Cash Distribution Per Unit:

$0.0851

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception:

$0.0851

Ex-dividend DateRecord DatePayment DateClass ADistribution Frequency
2022-11-292022-11-302022-12-09$0.0851Monthly

Sub-Sector Allocation

Underlying ETF - As at October 31, 2022

Geographic Allocation

Underlying ETF - As at October 31, 2022

Holdings

As at October 31, 2022

TickerETF NameWeightSectorCountry 
HUTLHarvest Equal Weight Global Utilities Income ETF120.3%UtilitiesCanada
Cash and other assets and liabilities
(20.3)%


Documents

DocumentLanguageType
Why InvestEnglishFrenchInformation Materials
Investor BrochureEnglish-Information Materials
ETF Products BookletEnglishFrenchInformation Materials
ETF FactsEnglishFrenchETF Facts
ProspectusEnglishFrenchProspectus
MER SummaryEnglish-MER Summary
Covered Call WritingEnglishFrenchInformation Materials
Proxy Voting PolicyEnglish-Proxy Voting


Investment Objective

Harvest Equal Weight Global Utilities Enhanced Income ETF’s investment objectives are to provide Unitholders with high monthly cash distributions and the opportunity for capital appreciation by investing, on a levered basis, in the Harvest Equal Weight Global Utilities Income ETF (HUTL:TSX), an exchange traded fund managed by Harvest Portfolios Group Inc..

 

Benefits of investing in HUTE

  • Access to large-capitalization global utility stocks with long term sustainable cash flows

  • Underlying ETF portfolio equally weighted to reduce single stock risk

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

  • Modest leverage at around 25% to enhance monthly cashflow and growth prospects

  • Provides enhanced exposure by investing in the Harvest Equal Weight Global Utilities Income ETF (HUTL)

HUTE Why Invest

ETF Facts

As at October 31, 2022

Quick ETF FactsUnit
TSX CodeHUTE
CUSIP41754D103
CurrencyCAD-Hedged (underlying ETF)
Inception Date2022/10/25
Management StyleRules-Based with Covered Calls (underlying ETF)
EligibleRRSP | RRIF | RESP | TFSA
Management FeeZero Management Fee (ETF is subject to fees of the underlying ETFs in the portfolio)
Risk Ratingmed_risk_bar
Distribution FactsUnit
Cash Distribution Per UnitCA$0.0851
Initial Target Yield10.20%
First Cash Distribution Record Date2022/11/30
Cash Distribution FrequencyMonthly
Distribution MethodCash or DRIP
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Investor Documents

Why Invest Fr


Investor Brochure En


ETFs Booklet En | Fr


ETF Facts En | Fr


Prospectus En | Fr


Covered Call Writing En | Fr

Relevant Posts

Disclaimer

Harvest Equal Weight Global Utilities Enhanced Income ETF

Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds (managed by Harvest Portfolios Group Inc.) The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the relevant prospectus before investing. Tax, investment and all other decisions should be made with guidance from a qualified professional.

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