TRVI

Harvest Travel & Leisure
Income ETF

Equity Income from Travel’s Leaders

Travel is a growth industry with structural demographic tailwinds. The Harvest Travel & Leisure Income ETF captures the long-term growth prospects of travel & leisure while paying high monthly income. It holds a diversified portfolio of travel companies and earns a high income yield through an active & flexible covered call strategy.

Key Facts

As at 2024/07/17

TICKER

TRVI

TSX
CURRENCY

CAD

Hedged
NAV

$20.04

Updated Daily
MKT PRICE CLOSE

$20.06

Updated Daily
NET AUM*

$64.13M

Updated Daily
MGMT STYLE

Index

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1600

Cash, Per unit
CURRENT YIELD

9.57%

Updated Daily
HOLDINGS

30

Equity Securities

Key Facts

As at 2024/07/17

TICKER

TRVI

TSX
CURRENCY

CAD

Hedged
NAV

$20.04

Updated Daily
MKT PRICE CLOSE

$20.06

Updated Daily
NET AUM*

$64.13M

Updated Daily
MGMT STYLE

Index

With Covered Calls
CASH DISTRIBUTION

Monthly

Frequency
LAST DISTRIBUTION

$0.1600

Cash, Per unit
CURRENT YIELD

9.57%

Updated Daily
HOLDINGS

30

Equity Securities

Distributions

Last Ex-dividend Date:

2024/06/28

Last Record Date:

2024/06/28

Last Payment Date:

2024/07/09

Last Cash Distribution Per Unit:

$0.1600

Cash Distribution Frequency:

Monthly

Cash Distributions Since Inception:

$2.2400

Ex-dividend DateRecord DatePayment DateClass ADistribution Frequency
2024/06/282024/06/282024/07/09$0.1600Monthly
2024/05/312024/05/312024/06/07$0.1600Monthly
2024/04/292024/04/302024/05/09$0.1600Monthly
2024/03/272024/03/282024/04/09$0.1600Monthly
2024/02/282024/02/292024/03/08$0.1600Monthly
2024/01/302024/01/312024/02/09$0.1600Monthly
Ex-dividend DateRecord DatePayment DateClass ADistribution Frequency
2023/12/282023/12/292024/01/09$0.1600Monthly
2023/11/292023/11/302023/12/08$0.1600Monthly
2023/10/302023/10/312023/11/09$0.1600Monthly
2023/09/282023/09/292023/10/06$0.1600Monthly
2023/08/302023/08/312023/09/08$0.1600Monthly
2023/07/282023/07/312023/08/09$0.1600Monthly
2023/06/292023/06/302023/07/07$0.1600Monthly
2023/05/302023/05/312023/06/09$0.1600Monthly

Annual Tax Information


Portfolio Analysis

As at June 28, 2024

Number of Equity Securities:

30

Average Market Capitalization (CAD):

$68B

Average P/E:

27.5x

Average Dividend Yield:

1.72%

Average 5 Year Return on Equity:

-1.13%


Sub-Sector Allocation

As at June 28, 2024

Holdings

As at June 28, 2024

NameTickerWeightSectorCountry
Booking Holdings Inc.BKNG US11.4%Hotels, Resorts & Cruise LinesUnited States
Hilton Worldwide Holdings Inc.HLT US10.1%Hotels, Resorts & Cruise LinesUnited States
Marriott International, Inc.MAR US9.7%Hotels, Resorts & Cruise LinesUnited States
Airbnb, Inc.ABNB US9.3%Hotels, Resorts & Cruise LinesUnited States
Delta Air Lines, Inc.DAL US5.7%Passenger AirlinesUnited States
VICI Properties Inc.VICI US5.6%Other Specialized REITsUnited States
Royal Caribbean Cruises Ltd.RCL US4.8%Hotels, Resorts & Cruise LinesUnited States
Carnival CorporationCCL US3.4%Hotels, Resorts & Cruise LinesUnited States
Las Vegas Sands Corp.LVS US3.4%Casinos & GamingUnited States
Expedia Group, Inc.EXPE US3.2%Hotels, Resorts & Cruise LinesUnited States
Southwest Airlines Co.LUV US3.2%Passenger AirlinesUnited States
United Airlines Holdings, Inc.UAL US3.0%Passenger AirlinesUnited States
Hyatt Hotels CorporationH US2.9%Hotels, Resorts & Cruise LinesUnited States
Sun Communities, Inc.SUI US2.8%Single-Family Residential REITUnited States
Cash and other assets and liabilities2.7%
Host Hotels & Resorts, Inc.HST US2.3%Hotel & Resort REITsUnited States
MGM Resorts InternationalMGM US2.1%Casinos & GamingUnited States
Wynn Resorts, LimitedWYNN US1.6%Casinos & GamingUnited States
Caesars Entertainment, Inc.CZR US1.5%Casinos & GamingUnited States
Norwegian Cruise Line Holdings Ltd.NCLH US1.5%Hotels, Resorts & Cruise LinesUnited States
American Airlines Group Inc.AAL US1.4%Passenger AirlinesUnited States
Vail Resorts, Inc.MTN US1.3%Leisure FacilitiesUnited States
Ryman Hospitality Properties, Inc.RHP US1.1%Hotel & Resort REITsUnited States
Wyndham Hotels & Resorts, Inc.WH US1.1%Hotels, Resorts & Cruise LinesUnited States
Alaska Air Group, Inc.ALK US1.0%Passenger AirlinesUnited States
Air CanadaAC CN0.9%Passenger AirlinesCanada
Red Rock Resorts, Inc.RRR US0.9%Casinos & GamingUnited States
Boyd Gaming CorporationBYD US0.7%Casinos & GamingUnited States
Choice Hotels International, Inc.CHH US0.7%Hotels, Resorts & Cruise LinesUnited States
Copa Holdings, S.A.CPA US0.7%Passenger AirlinesUnited States
Apple Hospitality REIT, Inc.APLE US0.6%Hotel & Resort REITsUnited States
Foreign currency forwards0.2%
Market value of options(0.7)%

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Annualized Performance

As at June 30, 2024

Ticker1M3M6MYTD1YSI
TRVI3.51(1.74)4.624.627.0016.28

Download CSV

Calendar Year Performance

As at June 30, 2024

Ticker2023 
TRVI15.11

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Cumulative Market Price#

(Monthly Distribution: $0.1600)

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.

TRVI Historical Daily Prices (CLICK HERE)


Documents

DocumentLanguageType
Product SheetEnglishFrenchFund Documents
Investor BookletEnglish-Fund Documents
ETF FactsEnglishFrenchRegulatory
ProspectusEnglishFrenchRegulatory
ETF Products BookletEnglishFrenchInformation Materials
Covered Call WritingEnglishFrenchInformation Materials
MER SummaryEnglishFrenchMER Summary
2024 Quarterly Summary - Q1English-Portfolio Disclosure
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
Index RuleEnglish-Index Rule
Proxy Voting PolicyEnglish-Proxy Voting
PFIC Annual Information StatementEnglish-Information Statement
IRS Form 8937English-Tax
July 1, 2022 to June 30, 2023 Proxy SummaryEnglish-Proxy Voting

Investment Goal

The Harvest Travel & Leisure Income ETF has been designed to replicate, to the extent reasonably possible, and before fees and expenses, the performance of the Solactive Travel & Leisure Index GTR (the ”Index”), net of expenses and to provide monthly cash distributions. The ETF intends to invest in the Constituent Securities of the Index in the same proportion as they are reflected in the Index , while writing covered call options on up to 33% of the portfolio securities to enhance income. The level of covered call option writing may vary based on market volatility and other factors.

 

Benefits of investing in TRVI

  • 30 dominant, large capitalization Travel & Leisure companies listed in North America

  • Monthly income with opportunity for capital appreciation

  • Index portfolio diversified across broad travel related sectors

  • Long-term growth drivers: demographic trends and consumer preferences

  • Portfolio capturing pent-up and long-term demand for travel

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

TRVI Product Sheet


Key ETF Details

As at June 28, 2024

ETF DetailsUnit
TSX CodeTRVI
CUSIP417907102
CurrencyCAD-Hedged
Inception Date2023/04/12
Holdings30 Equity Securities
Management StyleIndex with Covered Calls
EligibleRRSP | RRIF | RESP | TFSA | FHSA
Management Fee0.75%
Risk Ratingmed_risk_bar
Distribution FactsUnit
Last Cash Distribution Per Unit$0.1600
Last Record Date2024/06/28
Cash Distributions Since InceptionCA$2.2400
Cash Distribution FrequencyMonthly
Distribution MethodCash or DRIP
Annual Distributions SummaryPDF View
TRVI Interactive Brochure

Investor Documents

Product Sheet Fr


Investor Brochure En


ETFs Booklet En | Fr


ETF Facts En | Fr


Prospectus En | Fr


Index RuleEn


Covered Call Writing En | Fr

Relevant Posts

Disclaimer

Harvest Travel & Leisure 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.


Solactive Indices
The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG northe licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

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

† 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 Travel & Leisure Income ETF ("TRVI") using the daily market close on the TSX and identifies the monthly cash distributions paid by TRVI 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 TRVI or returns on investment in TRVI, which will vary.

Harvest ETFs Announces Increases to Monthly Cash Distributions

Harvest ETFs announced by press release on June 25, 2024 that certain ETFs will increase their monthly cash distribution amount for all classes taking effect for the July 31, 2024 record date with a payable date of August 9, 2024. For more details, please read the press release.

PRESS RELEASE