Overview
The Harvest MicroStrategy Enhanced High Income Shares ETF invests all its assets, directly or indirectly, in Class A shares of MicroStrategy. MicroStrategy provides business intelligence, mobile software, and cloud-based services. The company’s securities have developed into a Bitcoin treasury holding company, due to its substantial holdings in the world’s premier digital currency.
Fund Focus
The Harvest MicroStrategy Enhanced High Income Shares ETF (TSX: MSTE) provides access to the growth potential of MicroStrategy and overlays an active covered call writing strategy on up to 50% of the position to provide high monthly cash distributions to its unitholders. It applies modest leverage at around 25% for higher income and growth potential. Units of the ETF are available in CAD.
Advantages
- US Stock + High Monthly Income
- Canadian Trust Unit
- Tax Efficient
- Lower Purchase Price
- Applies modest leverage for higher monthly income in CAD
MSTR Historical Price
MicroStrategy Incorporated (NASDAQ:MSTR) operates as a Bitcoin treasury company.
Source: Bloomberg
| Fund Details | As at 2025/03/17 |
|---|---|
| Ticker | MSTE |
| Reference Asset | MSTR |
| Distribution (per unit)* | $0.60 / MTH |
| NAV | $14.53 |
| MKT (Close) | $14.50 |
| AUM | $17.44M |
| Currency | CAD-Unhedged |
| Management Fee | 0.40% |
| Risk Rating | High |
More Details
| CUSIP | 417556107 |
| Inception | March 5, 2025 |
| Eligible | RRSP / TFSA / RRIF / RESP / FHSA |
| Distribution | Monthly Variable |
| Distribution Method | Cash/DRIP |
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Performance / Distributions
Performance for Harvest High Income Shares cannot be displayed until 1 year after inception 2025/03/05.
Distribution will be shown as of 2025/03/31.
Portfolio Breakdown
The ETF seeks to provide unitholders with long-term capital appreciation through purchasing and holding common stock of MSTR and generate high monthly cash distributions through an active covered call writing strategy.
| HOLDING | As at March 5, 2025 |
|---|---|
| MicroStrategy Incorporated | 122.8% |
| Market value of options | 0% |
| Cash and other assets and liabilities | (22.8)% |
Disclaimer
Commissions, management fees and expenses all may be associated with investing in Harvest High Income Shares ETFs managed by Harvest Portfolios Group Inc. (the “Funds” or a “Fund”). Please read the relevant prospectus before investing. The Funds’ returns are not guaranteed, their values change frequently, and past performance may not be repeated. Tax investment and all other decisions should be made with guidance from a qualified professional.
* Announced per unit distribution (March 05, 2025) for unitholders on record as March 31, 2025, payable on April 9, 2025. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into available class Units of the Fund. If a Fund earns less than the amounts distributed, the difference is a return of capital.
Minimum Monthly Distribution (per Unit) $0.20 for Harvest MicroStrategy Enhanced High Income Shares
The applicable Harvest High Income Shares ETFs intend to pay monthly distributions based on their ability to generate monthly cash flows from writing covered call options and any dividends received on the securities held in such Harvest ETF’s portfolio, as applicable. The Manager will review the level of distributions for each such Harvest ETF on a monthly basis to consider the sustainability of such distributions. The amount of ordinary cash distributions may vary based on the Manager’s assessment of the prevailing market conditions and it is anticipated to be the Minimum Variable Monthly Distribution per Unit or higher.
Certain statements included in this communication constitute forward-looking statements (“FLS”, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Funds. The FLS are not historical facts but reflect the Harvest’s and the portfolio manager of the Funds current expectations regarding future results or events. These FLS are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Harvest and the portfolio manager of the Funds believe that the assumptions inherent in the FLS are reasonable, FLS are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, Harvest and the portfolio manager of the Funds undertake no obligation to update publicly or otherwise revise any FLS or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.