Harvest US Equity Plus Income ETF
Historical Distributions
2020
| Record Date | Distributions |
|---|---|
| 2020-03-31 | 0.100 |
2019
| Record Date | Distributions |
|---|---|
| 2019-12-31 | 0.100 |
| 2019-09-30 | 0.100 |
| 2019-06-28 | 0.100 |
| 2019-03-29 | 0.100 |
2018
| Record Date | Distributions |
|---|---|
| 2018-12-31 | 0.100 |
| 2018-09-28 | 0.100 |
| 2018-06-29 | 0.100 |
| 2018-03-29 | 0.100 |
2017
| Record Date | Distributions |
|---|---|
| 2017-12-29 | 0.100 |
| 2017-09-29 | 0.100 |
| 2017-06-30 | 0.100 |
| 2017-03-31 | 0.100 |
2016
| Record Date | Distributions |
|---|---|
| 2016-12-30 | 0.100 |
| 2016-09-30 | 0.100 |
| 2016-06-30 | 0.100 |
| 2016-03-31 | 0.100 |
2015
| Record Date | Distributions |
|---|---|
| 2015-12-31 | 0.100 |
| 2015-09-30 | 0.100 |
| 2015-06-30 | 0.100 |
March 31, 2020
| Security | % |
|---|---|
| Cash and other assets and liabilities | 5.7 |
| Pfizer Inc. | 4.9 |
| Caterpillar Inc. | 4.6 |
| Humana Inc. | 4.6 |
| Merck & Co., Inc. | 4.5 |
| Union Pacific Corporation | 4.3 |
| Baxter International Inc. | 4.3 |
| Walgreens Boots Alliance, Inc. | 4.3 |
| Cisco Systems, Inc. | 4.2 |
| The Allstate Corporation | 4.2 |
| Intel Corporation | 4.2 |
| Corning Incorporated | 4.2 |
| Applied Materials, Inc. | 4.2 |
| The Bank of New York Mellon Corporation | 4.1 |
| Apple Inc. | 4.0 |
| Starbucks Corporation | 3.9 |
| YUM! Brands, Inc. | 3.9 |
| Broadcom Inc. | 3.9 |
| JPMorgan Chase & Co. | 3.7 |
| Best Buy Co., Inc. | 3.7 |
| The Goldman Sachs Group, Inc. | 3.6 |
| Bank of America Corporation | 3.5 |
| Hilton Worldwide Holdings Inc. | 3.4 |
| Phillips 66 | 3.4 |
| Textron Inc. | 3.0 |
| ConocoPhillips | 3.0 |
| Foreign currency forwards | (5.4) |
2019
December 31, 2019 Annual Financial Statements | English**
December 31, 2019 Annual Management Report of Fund Performance | English**
December 31, 2019 Annual Financial Statements | French**
December 31, 2019 Annual Management Report of Fund Performance | French**
September 30, 2019 Quarterly Portfolio Disclosure
June 30, 2019 Interim Financial Statements | English
June 30, 2019 Interim Management Report of Fund Performance | English
June 30, 2019 Interim Financial Statements | French
June 30, 2019 Interim Management Report of Fund Performance | French
June 30, 2019 Quarterly Portfolio Disclosure
March 31, 2019 Quarterly Portfolio Disclosure
2018
December 31, 2018 Annual Financial Statements | English
December 31, 2018 Annual Management Report of Fund Performance | English
December 31, 2018 Annual Financial Statements | French
December 31, 2018 Annual Management Report of Fund Performance | French
December 31, 2018 Quarterly Portfolio Disclosure
September 30, 2018 Quarterly Portfolio Disclosure
June 30, 2018 Interim Financial Statements | English
June 30, 2018 Interim Management Report of Fund Performance | English
June 30, 2018 Interim Financial Statements | French
June 30, 2018 Interim Management Report of Fund Performance | French
March 31, 2018 Quarterly Portfolio Disclosure
2017
December 31, 2017 Annual Management Report of Fund Performance | English
December 31, 2017 Annual Financial Statements | French
December 31, 2017 Annual Management Report of Fund Performance | French
December 31, 2017 Fund Disclosure
September 30, 2017 Fund Commentary
June 30, 2017 Interim Financial Statements | English
June 30, 2017 Interim Management Report of Fund Performance | English
June 30, 2017 Interim Financial Statements | French
June 30, 2017 Interim Management Report of Fund Performance | French
June 30, 2017 Fund Commentary
March 31, 2017 Fund Commentary
2016
December 31, 2016 Annual Management Report of Fund Performance | English
December 31, 2016 Annual Financial Statements | French
December 31, 2016 Annual Management Report of Fund Performance | French
December 31, 2016 Fund Commentary
September 30, 2016 Fund Commentary
June 30, 2016 Interim Financial Statements
June 30, 2016 Interim Management Report of Fund Performance
June 30, 2016 Fund Commentary
March 31, 2016 Fund Commentary
2015
December 31, 2015 Annual Management Report of Fund Performance
December 31, 2015 Fund Commentary
September 30, 2015 Fund Commentary
June 30, 2015 Interim Financial Statements
June 30, 2015 Interim Management Report of Fund Performance
June 30, 2015 Fund Commentary
2018
2017
2016
September 19, 2016 Harvest Portfolios Group Inc. Announces Approval of ETF Conversions
August 18, 2016 Harvest Portfolios Group Inc. Announces Unitholder Meetings
June 9, 2016 US Buyback Leaders Income Fund Announces Distribution Amount for Twelve Months Commencing June 30, 2016
May 2, 2016 US Buyback Leaders Income Fund Announces Normal Course Issuer Bid
2015
April 29, 2015 US Buyback Leaders Income Fund Announces Normal Course Issuer Bid
March 25, 2015 US Buyback Leaders Income Fund Closes Its $53 Million Initial Public Offering
February 27, 2015 US Buyback Leaders File Final Prospectus
Harvest Portfolios Group Proxy Voting Securities Policy
July 1, 2018 to June 30, 2019
| Date | Symbol | NAV $ | NAV $ Change | MKT $ | MKT $ Change | Distribution Total $ (Since Inception) |
|---|---|---|---|---|---|---|
| 2020-04-03 | HUL | 6.36 | -0.09 | 6.27 | -0.15 | 2.000 |
| 2020-04-03 | HUL.U | 6.79 | -0.09 | 6.91 | -0.38 | 2.000 |
Fund Quick Facts
March 31, 2020
| TSX Code | HUL | HUL.U |
| Cusip (HUL) | 41756A107 |
| Cusip (HUL.U) | 41756A206 |
| Net AUM | $7.2 million |
| Currency (HUL) | Hedged to CAD |
| Currency (HUL.U) | Unhedged |
| Management Fee | 0.75% |
| Total Holdings | 27 |
| Income Distribution | Quarterly |
| Recent Distribution | $0.10 |
| Distribution Method | Cash or DRIP |
| Eligible | RRSP/RRIF/RESP/TFSA |
| Risk Rating | Medium |
Portfolio Analysis*
| Average Market Capitalization (CAD) | $179B |
| Number of Equity Securities | 25 |
| Average Dividend Yield | 2.63% |
| Average P/E | 15.3x |
| 5 Year Average Return on Equity | 17.76% |
| Current Yield (Class A) | 6.02% |
Fund Overview
The Fund invests in an equally-weighted Portfolio of Equity Securities of 25 Issuers selected from the top 100 issuers with the largest dollar amount of shares repurchased over the prior four quarters for which information is publicly available relative to the issuer’s current market capitalization that meet the following criteria: (i) are included in the S&P 500 Index; (ii) have a market capitalization of at least US$10 billion as determined at the time of investment; (iii) are incorporated in the U.S.; (iv) pay a dividend; and (v) have bought back their shares within the prior four quarters as determined at the time of investment.
The Fund’s investment objectives are to provide Unitholders with: (i) the opportunity for capital appreciation; and (ii) quarterly cash distributions.
The Fund’s distribution target is $0.10 per Class A unit quarterly ($0.40 per annum) or US$0.10 per Class U Unit quarterly (US$0.40 per annum).
Investor Suitability
Investors seeking to hold their investment for medium to long term.
Portfolio Management
 |
PAUL MACDONALD, CFA |
 |
JAMES LEARMONTH, CFA Senior Portfolio Manager |
 |
MIKE DRAGOSITS, CFA Portfolio Manager |
Top Ten Portfolio Holdings
| Cash and other assets and liabilities | 5.7 |
| Pfizer Inc. | 4.9 |
| Caterpillar Inc. | 4.6 |
| Humana Inc. | 4.6 |
| Merck & Co., Inc. | 4.5 |
| Union Pacific Corporation | 4.3 |
| Baxter International Inc. | 4.3 |
| Walgreens Boots Alliance, Inc. | 4.3 |
| Cisco Systems, Inc. | 4.2 |
| The Allstate Corporation | 4.2 |
Cumulative Market Price
(Quarterly Distribution: $0.1000)
For illustrative purposes only. The chart above only shows the market value per unit of Harvest US Equity Plus Income ETF ("HUL") using the daily market close on the TSX and identifies the monthly cash distributions paid by HUL 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 HUL or returns on investment in HUL, which will vary.
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.
Cumulative Growth $10,000 Invested
(NAV pricing)
Disclaimer
Harvest US Equity Plus Income ETF
The Fund was originally named US Buyback Leaders Fund and commenced operations as a TSX listed closed-end fund on March 25, 2015 and converted into an exchange-traded fund on October 24, 2016. On June 22, 2017, US Buyback Leaders ETF changed its name to US Equity Plus 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 security holder that would have reduced returns. The Fund is not guaranteed, its value changes frequently and past performance may not be repeated. 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 or Class U units of the Fund. 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.
*Source: Bloomberg. Average statistics calculated based on portfolio weighted average. Dividend yield based on Bloomberg indicated 12 month yield of portfolios positions and does not represent the distribution yield paid to investors. P/E calculated based on Bloomberg consensus 12 month forward earnings estimates. Return on Equity (ROE) based on 5 year trailing average ROE.
**Filed on SEDAR April 01, 2020 per NI 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds.