Harvest Banks & Buildings Income Fund

PRODUCT SHEET

Distributions

Last Distribution Per Unit: $0.0700
Last Record Date: 2024/05/31
Last Payment Date: 2024/05/31
Distribution Frequency: Monthly
Distributions Since Inception (Series A)*: $11.5239
Distributions Since Inception (Series D)*: $8.9900
Distributions Since Inception (Series F)*: $11.8242
Distributions Since Inception (Series R)*: $13.2369
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2024/05/312024/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2024/04/292024/04/30$0.0700$0.0700$0.0700$0.0700Monthly
2024/03/272024/03/28$0.0700$0.0700$0.0700$0.0700Monthly
2024/02/282024/02/29$0.0700$0.0700$0.0700$0.0700Monthly
2024/01/302024/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2023/12/282023/12/29$0.0700$0.0700$0.0700$0.0700Monthly
2023/11/292023/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2023/10/302023/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2023/09/282023/09/29$0.0700$0.0700$0.0700$0.0700Monthly
2023/08/302023/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2023/07/282023/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2023/06/292023/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2023/05/302023/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2023/04/272023/04/28$0.0700$0.0700$0.0700$0.0700Monthly
2023/03/302023/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2023/02/272023/02/28$0.0700$0.0700$0.0700$0.0700Monthly
2023/01/302023/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2022/12/292022/12/30$0.0700$0.0700$0.0700$0.0700Monthly
2022/11/292022/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2022/10/282022/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2022/09/282022/09/29$0.0700$0.0700$0.0700$0.0700Monthly
2022/08/302022/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2022/07/282022/07/29$0.0700$0.0700$0.0700$0.0700Monthly
2022/06/292022/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2022/05/302022/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2022/04/282022/04/29$0.0700$0.0700$0.0700$0.0700Monthly
2022/03/302022/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2022/02/252022/02/28$0.0700$0.0700$0.0700$0.0700Monthly
2022/01/282022/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2021/12/302021/12/31$0.0700$0.0700$0.0700$0.0700Monthly
2021/11/292021/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2021/10/282021/10/29$0.0700$0.0700$0.0700$0.0700Monthly
2021/09/282021/09/30$0.0700$0.0700$0.0700$0.0700Monthly
2021/08/302021/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2021/07/292021/07/30$0.0700$0.0700$0.0700$0.0700Monthly
2021/06/292021/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2021/05/282021/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2021/04/292021/04/30$0.0700$0.0700$0.0700$0.0700Monthly
2021/03/302021/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2021/02/252021/02/26$0.0700$0.0700$0.0700$0.0700Monthly
2021/01/282021/01/29$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2020/12/302020/12/31$0.0700$0.0700$0.0700$0.0700Monthly
2020/11/272020/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2020/10/292020/10/30$0.0700$0.0700$0.0700$0.0700Monthly
2020/09/292020/09/30$0.0700$0.0700$0.0700$0.0700Monthly
2020/08/282020/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2020/07/302020/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2020/06/292020/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2020/05/282020/05/29$0.0700$0.0700$0.0700$0.0700Monthly
2020/04/292020/04/30$0.0700$0.0700$0.0700$0.0700Monthly
2020/03/302020/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2020/02/272020/02/28$0.0700$0.0700$0.0700$0.0700Monthly
2020/01/302020/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2019/12/302019/12/31$0.0700$0.0700$0.0700$0.0700Monthly
2019/11/282019/11/29$0.0700$0.0700$0.0700$0.0700Monthly
2019/10/302019/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2019/09/272019/09/30$0.0700$0.0700$0.0700$0.0700Monthly
2019/08/292019/08/30$0.0700$0.0700$0.0700$0.0700Monthly
2019/07/302019/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2019/06/272019/06/28$0.0700$0.0700$0.0700$0.0700Monthly
2019/05/302019/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2019/04/292019/04/30$0.0700$0.0700$0.0700$0.0700Monthly
2019/03/282019/03/29$0.0700$0.0700$0.0700$0.0700Monthly
2019/02/272019/02/28$0.0700$0.0700$0.0700$0.0700Monthly
2019/01/302019/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2018/12/282018/12/31$0.0700$0.0700$0.0700$0.0700Monthly
2018/11/292018/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2018/10/302018/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2018/09/272018/09/28$0.0700$0.0700$0.0700$0.0700Monthly
2018/08/302018/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2018/07/302018/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2018/06/282018/06/29$0.0700$0.0700$0.0700$0.0700Monthly
2018/05/302018/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2018/04/272018/04/30$0.0700$0.0700$0.0700$0.0700Monthly
2018/03/282018/03/29$0.0700$0.0700$0.0700$0.0700Monthly
2018/02/272018/02/28$0.0700$0.0700$0.0700$0.0700Monthly
2018/01/302018/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2017/12/282017/12/29$0.8839$0.6600$1.1842$0.8669Special
2017/12/282017/12/29$0.0700$0.0700$0.0700$0.0700Monthly
2017/11/292017/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2017/10/302017/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2017/09/282017/09/29$0.0700$0.0700$0.0700$0.0700Monthly
2017/08/292017/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2017/07/272017/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2017/06/282017/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2017/05/292017/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2017/04/262017/04/28$0.0700$0.0700$0.0700$0.0700Monthly
2017/03/292017/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2017/02/242017/02/28$0.0700$0.0700$0.0700$0.0700Monthly
2017/01/272017/01/31$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2016/12/282016/12/30$0.0700$0.0700$0.0700$0.0700Monthly
2016/11/282016/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2016/10/272016/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2016/09/282016/09/30$0.0700$0.0700$0.0700$0.0700Monthly
2016/08/292016/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2016/07/272016/07/29$0.0700$0.0700$0.0700$0.0700Monthly
2016/06/282016/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2016/05/272016/05/31$0.0700$0.0700$0.0700$0.0700Monthly
2016/04/272016/04/29$0.0700$0.0700$0.0700$0.0700Monthly
2016/03/292016/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2016/02/252016/02/29$0.0700$0.0700$0.0700$0.0700Monthly
2016/01/272016/01/29$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2015/12/292015/12/31$0.0700$0.0700$0.0700$0.0700Monthly
2015/11/262015/11/30$0.0700$0.0700$0.0700$0.0700Monthly
2015/10/282015/10/30$0.0700$0.0700$0.0700$0.0700Monthly
2015/09/282015/09/30$0.0700$0.0700$0.0700$0.0700Monthly
2015/08/272015/08/31$0.0700$0.0700$0.0700$0.0700Monthly
2015/07/292015/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2015/06/262015/06/30$0.0700$0.0700$0.0700$0.0700Monthly
2015/05/272015/05/29$0.0700$0.0700$0.0700$0.0700Monthly
2015/04/282015/04/30$0.0700$0.0700$0.0700$0.0700Monthly
2015/03/272015/03/31$0.0700$0.0700$0.0700$0.0700Monthly
2015/02/252015/02/27$0.0700$0.0700$0.0700$0.0700Monthly
2015/01/282015/01/30$0.0700$0.0700$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2014/12/292014/12/31$0.0700$0.0700$0.0700$0.0700Monthly
2014/11/262014/11/28$0.0700$0.0700$0.0700$0.0700Monthly
2014/10/292014/10/31$0.0700$0.0700$0.0700$0.0700Monthly
2014/09/262014/09/30$0.0700$0.0700$0.0700$0.0700Monthly
2014/08/272014/08/29$0.0700$0.0700$0.0700$0.0700Monthly
2014/07/292014/07/31$0.0700$0.0700$0.0700$0.0700Monthly
2014/06/262014/06/30$0.0700-$0.0700$0.0700Monthly
2014/05/282014/05/30$0.0700-$0.0700$0.0700Monthly
2014/04/282014/04/30$0.0700-$0.0700$0.0700Monthly
2014/03/272014/03/31$0.0700-$0.0700$0.0700Monthly
2014/02/262014/02/28$0.0700-$0.0700$0.0700Monthly
2014/01/292014/01/31$0.0700-$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2013/12/272013/12/31$0.0700-$0.0700$0.0700Monthly
2013/11/272013/11/29$0.0700-$0.0700$0.0700Monthly
2013/10/292013/10/31$0.0700-$0.0700$0.0700Monthly
2013/09/262013/09/30$0.0700-$0.0700$0.0700Monthly
2013/08/282013/08/30$0.0700-$0.0700$0.0700Monthly
2013/07/292013/07/31$0.0700-$0.0700$0.0700Monthly
2013/06/262013/06/28$0.0700-$0.0700$0.0700Monthly
2013/05/292013/05/31$0.0700-$0.0700$0.0700Monthly
2013/04/262013/04/30$0.0700-$0.0700$0.0700Monthly
2013/03/272013/03/29$0.0700-$0.0700$0.0700Monthly
2013/02/262013/02/28$0.0700-$0.0700$0.0700Monthly
2013/01/292013/01/31$0.0700-$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2012/12/272012/12/31$0.0700-$0.0700$0.0700Monthly
2012/11/282012/11/30$0.0700-$0.0700$0.0700Monthly
2012/10/292012/10/31$0.0700-$0.0700$0.0700Monthly
2012/09/262012/09/28$0.0700-$0.0700$0.0700Monthly
2012/08/292012/08/31$0.0700-$0.0700$0.0700Monthly
2012/07/272012/07/31$0.0700-$0.0700$0.0700Monthly
2012/06/272012/06/29$0.0700-$0.0700$0.0700Monthly
2012/05/292012/05/31$0.0700-$0.0700$0.0700Monthly
2012/04/262012/04/30$0.0700-$0.0700$0.0700Monthly
2012/03/282012/03/30$0.0700-$0.0700$0.0700Monthly
2012/02/272012/02/29$0.0700-$0.0700$0.0700Monthly
2012/01/272012/01/31$0.0700-$0.0700$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2011/12/282011/12/30$0.0700-$0.0700$0.0700Monthly
2011/11/282011/11/30$0.0700-$0.0700$0.0700Monthly
2011/10/272011/10/31$0.0700-$0.0700$0.0700Monthly
2011/09/282011/09/30---$0.0700Monthly
2011/08/292011/08/31---$0.0700Monthly
2011/07/272011/07/29---$0.0700Monthly
2011/06/282011/06/30---$0.0700Monthly
2011/05/272011/05/31---$0.0700Monthly
2011/04/272011/04/29---$0.0700Monthly
2011/03/292011/03/31---$0.0700Monthly
2011/02/242011/02/28---$0.0700Monthly
2011/01/272011/01/31---$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2010/12/292010/12/31---$0.0700Monthly
2010/11/262010/11/30---$0.1200Special
2010/11/262010/11/30---$0.0700Monthly
2010/10/272010/10/29---$0.0700Monthly
2010/09/282010/09/30---$0.0700Monthly
2010/08/272010/08/31---$0.0700Monthly
2010/07/282010/07/30---$0.0700Monthly
2010/06/282010/06/30---$0.0700Monthly
2010/05/272010/05/31---$0.0700Monthly
2010/04/282010/04/30---$0.0700Monthly
2010/03/292010/03/31---$0.0700Monthly
2010/02/242010/02/26---$0.0700Monthly
2010/01/272010/01/29---$0.0700Monthly
Record DatePayment DateSeries ASeries DSeries FSeries RDistribution Frequency
2009/12/292009/12/31---$0.0700Monthly
2009/11/262009/11/30---$0.0700Monthly

* Since Inception Date:  Series A – 2011/10/18; Series D – 2014/06/20; Series F – 2011/10/18; Series R -The Fund was originally established as a closed-end investment fund on September 25, 2009 and was converted to an open-end mutual fund (Series R Units) on October 18, 2011.

2024

MUTUAL FUNDS (as at 2024/06/24)
SymbolSeriesNAVRecent
Distribution
Current Yield*
HRV100 AA$8.64$0.0700/
MTH
9.72%
HRV102 DD$11.01$0.0700/
MTH
7.63%
HRV101 FF$11.40$0.0700/
MTH
7.37%
HRV111 RR$10.29$0.0700/
MTH
8.16%

Why Invest In This Fund?


The Harvest Banks & Buildings Income Fund aims to provide investors with consistent monthly income and the opportunity for capital appreciation by investing in an actively managed portfolio comprised primarily of Canadian banking, other financial and real estate companies. The Fund’s Investment Objectives are:

  • to provide Unitholders with monthly distributions targeted to be $0.07 per Trust Unit ($0.84 per annum); and
  • to maximize long term total return for Unitholders.

Class R – The Fund was originally launched as a TSX-listed closed-end fund on October 23, 2009. It was receipted of all required regulatory approvals and automatically converted to an open-end mutual fund, on a tax-deferred basis on October 18, 2011.

Fund Details

As at May 31, 2024


Fund Codes

 

 

HRV100 Series A   |  HRV102 Series D

HRV101 Series F  |  HRV111 Series R

Net AUM $4.1 million
Management Fee 1.10%
Number of Equity Securities 19
Income Distribution Monthly
Recent Distribution $0.0700
Current Yield 9.56%
Distribution Method Reinvested, unless requested in cash
Eligible RRSP/RRIF/RESP/TFSA
Risk Rating Medium

Portfolio Analysis*

As at May 31, 2024


Average Market Capitalization (CAD) $143B
Average Dividend Yield 5.08%

Investor Documents

Product Sheet  En | Fr


Prospectus  En | Fr


Fund Facts Series A  En | Fr


Fund Facts Series D  En | Fr


Fund Facts Series F  En | Fr


Fund Facts Series R  En | Fr

Portfolio Management

 

 

PAUL MACDONALD, CFAChief Investment Officer

JAMES LEARMONTH, CFASenior Portfolio Manager
MIKE
DRAGOSITS
, CFA
Portfolio Manager

Historical Prices

Portfolio Holdings

As at May 31, 2024

NameTickerWeightSectorCountry
Manulife Financial CorporationMFC CN7.7%FinancialsCanada
Royal Bank of CanadaRY CN7.7%FinancialsCanada
Canadian Imperial Bank of CommerceCM CN7.6%FinancialsCanada
Bank of MontrealBMO CN7.4%FinancialsCanada
The Bank of Nova ScotiaBNS CN7.3%FinancialsCanada
Sun Life Financial Inc.SLF CN7.2%FinancialsCanada
The Toronto-Dominion BankTD CN7.0%FinancialsCanada
Bank of America CorporationBAC US5.7%FinancialsUnited States
JPMorgan Chase & Co.JPM US5.7%FinancialsUnited States
Morgan StanleyMS US5.5%FinancialsUnited States
Choice Properties Real Estate Investment TrustCHP-U CN5.2%Real EstateCanada
InterRent Real Estate Investment TrustIIP-U CN4.2%Real EstateCanada
Killam Apartment Real Estate Investment TrustKMP-U CN4.1%Real EstateCanada
Digital Realty Trust, Inc.DLR US2.9%Real EstateUnited States
SmartCentres Real Estate Investment TrustSRU-U CN2.7%Real EstateCanada
Alexandria Real Estate Equities, Inc.ARE US2.6%Real EstateUnited States
Allied Properties Real Estate Investment TrustAP-U CN2.4%Real EstateCanada
Prologis, Inc.PLD US2.4%Real EstateUnited States
Timbercreek Financial Corp.TF CN2.4%FinancialsCanada
Cash and other assets and liabilities2.4%

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Sub-Sector Allocation

As at May 31, 2024

Geographic Allocation

As at May 31, 2024

Performance (%)

As at May 31, 2024
Symbol1M3M6MYTD1Y2Y3Y4Y5Y7Y8Y10Y13YSI
HRV100 A2.040.028.940.978.76(2.91)(2.67)5.261.031.932.953.57-5.74
HRV102 D2.160.389.711.5610.31(1.53)(1.37)6.622.313.184.20--4.64
HRV101 F2.160.379.711.5610.30(1.53)(1.29)6.762.473.374.415.12-7.31
HRV111 R2.120.269.461.379.79(1.98)(1.74)6.272.012.913.954.525.446.75

Download CSV

Symbol202320222021202020192018201720162015201420132012201120102009
HRV100 A3.88(19.65)28.50(8.25)15.80(8.09)7.1415.452.2210.4613.7614.704.92--
HRV102 D5.36(18.57)29.96(7.20)17.12(7.05)8.3716.773.614.65-----
HRV101 F5.35(18.51)30.33(6.94)17.44(6.79)8.6717.094.1212.4115.5816.155.19--
HRV111 R4.86(18.88)29.74(7.36)16.96(7.19)8.1716.562.9911.2614.7315.01(9.27)21.909.42

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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.

Disclaimer

Harvest Banks & Buildings Income Fund

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. * The Fund was originally launched as a TSX-listed closed-end fund on October 23, 2009, and converted into an open-end mutual fund on October 18, 2011.  In connection with the conversion of the Fund into an open-ended mutual fund, the Fund ceased using leverage in order to achieve its investment objectives. If these changes had been in effect when the Fund was created, the performance would have been lower. Indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.   Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 100% of distributions are reinvested in the Fund unless you ask to receive your distributions in cash. If the Fund earns less than the amount distributed, the difference is a return of capital. The current yield is calculated based on the net asset value of the Fund.

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 net asset value per unit of the Fund at month end. The current yield does not represent historical returns of the Fund but represents the distribution an investor would receive if the most recent distribution stayed the same going forward.

*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. P/E calculated based on Bloomberg consensus 12 month forward earnings estimates. Return on Equity (ROE) based on 5 year trailing average ROE. The above information is for illustrative purposes only, is estimated and unaudited.

The information contained herein is not an offer to sell nor a solicitation to buy any security. Such an offer can only be made by prospectus or other applicable offering document.

**Filed on SEDAR April 01, 2020 per NI 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds.

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