2024-12-02
Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO)
- Current price: $9.11 CAD/unit
- Dividends: 9.93% "A monthly dividend of $0.0741 CAD per share was announced on November 22, 2024 with an ex-dividend date of November 29, 2024 and a pay date on December 9, 2024. The annual dividend for Harvest Diversified Monthly Income ETF is $0.8661 CAD per share."
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1. ETF Facts
Harvest Diversified Monthly Income ETF - Class A Units (HDIF)
Manager: Harvest Portfolios Group Inc.
February 4, 2022
This document contains key information you should know about Harvest Diversified Monthly Income ETF - Class A Units. You can find more details about this exchange-traded fund (ETF) in its prospectus. Ask your representative for a copy, contact Harvest Portfolios Group Inc. (“Harvest”) at 1-866-998-8298 or info@harvestportfolios.com, or visit www.harvestportfolios.com.
This ETF is an alternative mutual fund. It has the ability to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds. The specific features that differentiate this fund from other types of mutual funds include the ability to invest more than 10% of its net asset value in securities of a single issuer, the ability to borrow cash, to short sell beyond the limits prescribed for conventional mutual funds and to employ leverage. While these specific strategies will be used in accordance with the ETF's investment objectives and strategies, during certain market conditions they may accelerate the pace at which your investment decreases in value.
Before you invest, consider how the ETF would work with your other investments and your tolerance for risk.
2. Investment Goal
Harvest Diversified Monthly Income ETF offers
a portfolio of Harvest ETFs positioned to deliver steady monthly income. The
multi-sector portfolio is comprised of large global companies diversified
across key sectors: Healthcare, Technology, and Utilities among others. The ETF
is designed to provide a consistent monthly income stream with an opportunity
for growth. The portfolio is reconstituted and rebalanced at a minimum
quarterly. To generate an enhanced monthly distribution yield, an active
covered call strategy is applied on up to 33% of each equity securities held in
underlying portfolios.
3. Benefits of investing in HDIF
·
One stop diversified core monthly income
solution
·
Access to leading large-cap companies
diversified across sectors and geographies
·
Exposure to powerful long-term growth trends
·
Consistent high income yields
·
Modest leverage at approximately 1.25x to
enhance income
·
Covered call strategy to enhance income
potential and lower volatility
·
Zero management fee (subject to fees of the
underlying ETFs held in the HDIF portfolio.)
4. Key ETF Details
As at November 29,
2024
|
ETF Details |
Unit |
|
TSX Code |
|
|
CUSIP |
41753N102 |
|
Currency |
CAD-Hedged (underlying ETFs) |
|
Inception Date |
2022/02/04 |
|
Holdings |
9 ETFs |
|
Management Style |
Active with Covered Calls (underlying ETFs) |
|
Eligible |
RRSP | RRIF | RESP | TFSA | FHSA |
|
Management Fee |
Zero Management Fee (ETF is subject to fees of the
underlying ETFs in the portfolio) |
|
Risk Rating |
|
|
Distribution Facts |
Unit |
|
Last Cash Distribution Per Unit |
CA$0.0741 |
|
Last Record Date |
2024/11/29 |
|
Cash Distributions Since Inception |
CA$2.3529 |
|
Distribution Frequency |
Monthly |
|
Distribution Method |
Cash or DRIP |
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