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CA$7.36+CA$0.02 (+0.27%)
Last close · CAD ·
Last close · CAD ·
CA$7.36
StructureThis is a covered call ETF. It holds bonds or bond ETFs and writes call options on them.
ExposureHedged to Canadian dollars. 100% investment grade, 99% government and government-related issuers.
Fund factsManaged by Harvest ETFs, costing 0.68% a year (MER).
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Share of fund, %
AA 97.9%·AAA 2.1%
Share of fund, %
Government 98.5%·Cash 0.4%
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Interest-rate-sensitive bond exposure. The fund keeps a rolling mix of bonds instead of winding down to one maturity date.
| Currency | CAD-hedged | facts ↓ |
| How it's built | Covered call | holdings ↓ |
Share of fund, %
AAA 2.1%·AA 97.9%
Share of fund, %
Government 98.5%·Cash 0.4%
By country: Canada 0.4%
Portfolio as of 31 Aug 2026.
From the fund's own published holdings. As of 2026-09-30.
The fund is paid a premium for selling those options, and that premium is what lifts the payout.
HPYT.TO
Individual bonds are not itemised here.100% of this portfolio is investment-grade bonds (BBB and above). Therefore, it is usually more sensitive to interest rate risk than to credit risk.
Portfolio data as of Aug 2026.
16.0 years duration: a 1 percentage point rise in rates moves the price about -16.0% at first, a 1 point fall about +16.0%. Held about 16.0 years, all three paths below earn 5.1% to 5.3% a year, close to today's 5.3% yield to maturity.
Value of $10,000
Years held
Illustrative: one parallel rate move on day one, the fund's 5.3% yield to maturity and 16.0-year duration as of 31 Aug 2026, income reinvested at the new yield, no change in credit spreads, before fees. Not a forecast.
Return and benchmark
This fund sells call options on its holdings to help fund its distribution. That can limit how much upside it keeps when its holdings rise, in exchange for the cash it pays out.
A verified benchmark mapping is not available.
Coverage 0.0×: The fund paid a 14.7% distribution rate against a 0.5% annualized total return; the current distribution rate was higher than the total return over this window.
Of the 14.7% distribution rate, 3.1 points were classified as recurring income in the latest T3 tax-character split (dividends, interest, foreign income); the rest was capital gains and return of capital.
How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
Share of the distribution, %
| Character (2025) | % of taxable | $ / unit |
|---|---|---|
| Foreign income | 21.5% | $0.3437 |
| Return of capital | 78.5% | $1.2563 |
Return of capital lowers your adjusted cost base, so the deferred tax can increase a later capital gain or reduce a later capital loss when you sell. Its tax classification alone does not identify its economic source. If return of capital keeps building up and your cost base reaches zero, any further return of capital is taxed as a capital gain in the year you receive it, not deferred to a sale.
Based on Harvest ETFs's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
What you keep, in your account
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Listing
Structure
Costs
Prices as of 2026-11-02. Distributions as of 2026-11-02. Tax character year 2025.
Recurring yield applies the latest annual tax-character split to trailing cash yield. Recurring income excludes capital gains and return of capital. Tax character includes reinvested amounts and reports foreign income before foreign tax is withheld; cash charts exclude both.
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