Harvest Portfolios Group Inc. INVESTMENT PRODUCTS

Transcription

1 Harvest Portfolios Group Inc. INVESTMENT PRODUCTS Harvest Exchange Traded Funds Harvest Mutual Funds Income happens here. September 30, 2018

2 Investment Highlights Global: Global trends driving long-term growth Diversified: Portfolio of 20 large capitalization global healthcare leaders Attractive Income: Monthly income with opportunity for capital appreciation, $ per unit Covered Call Strategy: Can enhance portfolio income and lower portfolio volatility Hedged: HHL unit currency hedged; HHL.U trades in USD and is unhedged Fund Facts TSX Ticker: HHL HHL.U CUSIP (HHL): 41755F107 CUSIP (HHL.U): 41755F206 Inception Date (HHL): 11/19/2014 Inception Date (HHL.U): 01/17/2017 Distribution Frequency: Monthly Permanent & Non-Cyclical Trends Driving Sector Global Population is Aging Healthcare Spending Increases Exponentially Healthcare Spending in Developing Markets Increases with Income Distribution Method Management Fee: Risk Rating: Cash or DRIP 0.85% Medium US Per Capita Total Personal Healthcare Expenditures $20,000 $18,988 $18,000 $16,000 $14,000 $12,000 $9,513 $10,000 $8,000 $6,632 $6,000 $3,552 $4,000 $2,000 $ Source: CMS, 2012 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 $ Health Expenditure per capita (US$) $420 $715 $893 India China Latin Amer. Russian & Caribbean Federation Source: The World Bank, 2015 $1,061 $4,135 $5,192 $9,403 World Euro Area Canada United States Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): Average Portfolio Dividend Yield: Average Price to Earnings: 5 Year Average Return on Equity: $164B % 1.82% 17.1x 29.10% Compelling Valuations 21 Healthcare & Pharmaceuticals Offer Compelling Valuation Opportunity 20 Forward P/E Ratio (x) S&P 500 S&P 500 Healthcare S&P 500 Pharmaceuticals Source: Bloomberg, as at September 30, Healthcare represented as the S&P 500 Healthcare Index, Pharmaceuticals represented by S&P 500 GICS level 3 Pharmaceutical Index. Source: Forward P/E represents next 4 quarters consensus estimates.

3 World Class Portfolio of Healthcare Leaders Sub-Sector Diversification Portfolio With Global Exposure Pharmaceuticals 42% Cash and Other Assets and Liabilities Foreign Currency Forwards 1% Biotechnology 2 Health Care Equipment & Supplies 15% Health Care Providers & Services 15% Cash and Other Assets and Liabilities United States 82% Foreign Currency Forwards 1% France 5% United Kingdom 9% Performance (%) As of September 30, Month 3 Month 6 Month YTD 1 Year 2 Year 3 Year SI HHL HHL.U Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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 securityholder that would have reduced returns. Please read the relevant prospectus before investing. The funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

4 Investment Highlights Fund Facts Core US Large Cap Portfolio: Companies selected from the World s Top 100 rated Brands Opportunity for Capital Appreciation: Long equity bias at all times Globally diversified: Dominant companies with operations in multiple continents Covered Call Strategy: Enhance portfolio income and lower portfolio volatility Attractive Income: Monthly income with opportunity for capital appreciation Currency: Available in Canadian dollar hedged HBF and US dollar unhedged HBF.U units TSX Ticker: CUSIP (HBF): CUSIP (HBF.U): Inception Date (HBF): Inception Date (HBF.U): Distribution Frequency: HBF HBF.U 41753L L114 06/26/ /26/2014 Monthly Strength of Global Brands Value of Global Brands Distribution Method Cash or DRIP PREMIUM PRICING: U$3.6 Trillion Management Fee: Risk Rating: 0.75% Medium - built on trust & loyalty SURVIVORS: - loyalty, endurance, long operating history DIVERSITY: - across geographic & cultural barriers GROWTH & STABILITY: - long term growth and dividend generators U$1.4 Trillion Portfolio Metrics* Average Market Capitalization: CA$381B Number of Equity Securities: 20 Current Yield (Class A): 6.8 Distribution per unit: $ Average Portfolio Dividend Yield: 1.92% Source: BrandzTM Global Top 100, Kantar Millward Brown, 2017 Average Price to Earnings: 5 Year Average Return on Equity: 19.2x 30.10% Corporate Balance Sheets Strong Dividend Growth % 3000% Adding Free Cash Flow With Dividend Yields Delivers Strong Outperformance S&P 500 Cash per share % 2000% 1500% 1000% 500% % S&P 500 Dividend and Free Cash Flow Yield Index (USD) TR S&P 500 Total Return Index S&P 500 Cash & Equivalents per share S&P 500 Net Debt per share (LHS) S&P 500 Dividend Aristocrats Total Return Index Source: Bloomberg as at September 30, 2018 Source: Bloomberg as at September 30, 2018

5 World Class Portfolio of Brand Leaders Sub-Sector Diversification Cash and Other Assets and Liabilities Communication Services 9% Information Technology 30% Foreign Currency Forwards 1% Energy 5% Industrials 10% Consumer Discretionary 15% Financials 1 Health Care 5% Consumer Staples 9% Performance (%) As of September 30, Month 3 Month 6 Month YTD 1 Year 2 Year 3 Year SI HBF HBF.U Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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 securityholder that would have reduced returns. Please read the relevant prospectus before investing. The funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

6 Investment Highlights Core Technology Portfolio: Unique portfolio of dynamic and growing businesses that are diversified across the global technology sectors Opportunity for Capital Appreciation: Long equity bias at all times eliminate growth potential for capital appreciation Covered Call Strategy: Enhance portfolio income and lower portfolio volatility Attractive Income: Monthly income with opportunity for capital appreciation Currency: Available in Canadian dollar hedged HTA and US dollar unhedged HTA.U units US Tech sector is multiples larger than the entire TSX $9,000, $8,000, $7,000, $6,000, $5,000, $4,000, $3,000, $2,000, $1,000, $- Market Cap in CAD > 3x larger than the TSX S&P Technology Sector S&P/TSX Composite Index Source: Bloomberg, September 30, 2018, S&P 500 Information Technology Sector GICS Level 1 Index $10,000, $9,000, $8,000, $7,000, $6,000, $5,000, $4,000, $3,000, $2,000, $1,000, Market Cap of Technology Significant Growth vs. TSX $- Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2018 S&P/TSX Composite Index S&P 500 Information Technology Sector GICS Level 1 Index Source: Bloomberg, September 30, 2018, based in CAD dollars. Fund Facts TSX Ticker: HTA HTA.U CUSIP (HTA): 41755D102 CUSIP (HTA.U): 41755D201 Inception Date (HTA): 04/27/2015 Inception Date (HTA.U): 06/14/2017 Distribution Frequency: Monthly Distribution Method Cash or DRIP Management Fee: 0.85% Risk Rating: Medium to High Portfolio Metrics* Average Market Capitalization: CA$368B Number of Equity Securities: 20 Current Yield (Class A): 6.47% Average Portfolio Dividend Yield: 1.06% Average Price to Earnings: 27.1x 5 Year Average Return on Equity: 22.6% Compelling Valuations Metrics Amid Accelerating Earnings BEst P/E Ratio Trailing 12M Earnings per Share Normalized As Of 04/30/ S&P 500 Information Technology Sector GICS Level 1 Index S&P 500 Index S&P 500 Index S&P 500 Information Technology Sector GICS Level 1 Index Source: Bloomberg September 30, 2018, based on 12 month forward consensus P/E Source: Bloomberg September 30, 2018, based on 12m EPS normalized to 12/97

7 Active Covered Call Strategy on a Quality Portfolio Sub-Sector Diversification Interactive Media & Services 9% Semiconductors & Semiconductor Equipment 2 Cash and Other Assets and Liabilities Foreign Currency Forwards 1% Internet & Direct Marketing Retail IT Services 20% Technology Hardware, Storage & Peripherals 5% Communications Equipment 5% Software 30% Performance (%) As of September 30, Month 3 Month 6 Month YTD 1 Year 2 Year 3 Year SI HTA HTA.U Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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 securityholder that would have reduced returns. Please read the relevant prospectus before investing. The funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

8 Investment Highlights Unique Global Portfolio: Large cap, dominant real estate issuers in key developed markets Diversification: Alternative source of REIT investments for Canadians Attractive income: Monthly Income with opportunity for capital appreciation, $ per unit Covered Call Strategy: Monthly call writing on select positions to generate additional income Exposure to Growth Sectors: Select REITs with exposure to Technology, Healthcare & E-commerce ETF: Trades on the TSX under the symbol HGR; Currency hedged to CAD Fund Facts TSX Ticker: HGR CUSIP: 41754X109 Inception Date: 06/14/2017 Distribution Frequency: Monthly Distribution Method Cash or DRIP Management Fee: 0.85% Positive Returns for REIT in over 75% of Rising Rate Environments Risk Rating: Medium Basis Point Change in 10 Year U.S. Treasury Yield Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): Average Portfolio Dividend Yield: 5 Year Average Return on Equity: $25B % 6.20% Percentage Change in FTSE NAREIT U.S. Equity REIT Index Total Return Source: FTSE NAREIT U.S. Real Estate Index Historical Data; Bloomberg, Harvest Portfolios Group Inc. Strong Dividend Per Share Growth and Consistent Yield Significant Increases in Market Caps for Global REITs 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 90% 80% 70% 60% 50% 40% 30% 20% 10% Dividend Growth (Shaded) $1,500 $1,300 $1,100 $900 $700 $500 $300 US $B 0.5% % 0% -10% $100 Source: Bloomberg September 30, FTSE EPRA/NAREIT Global REIT Index Source: Bloomberg September 30, S&P Global REIT Total Market Capitalization

9 World Class Portfolio of REIT Leaders Sub-Sector Diversification Geographic Diversification Real Estate Operating Companies 11% Diversified Real Estate Activities Specialized REITs 1 Retail REITs 6% Residential REITs 6% Health Care REITs 7% Cash and Other Assets and Liabilities 7% Office REITs Foreign Currency Forwards 1% Health Care Facilities 11% Diversified REITs 19% Industrial REITs Hotel & 9% Resort REITs United States 38% United Kingdom Spain Cash and Other Assets and Liabilities 7% Japan Foreign Currency Forwards 1% Germany 9% Australia 11% Canada 6% France 18% Performance (%) As of September 30, Month 3 Month 6 Month YTD 1 Year SI HGR Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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 securityholder that would have reduced returns. Please read the relevant prospectus before investing. The funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

10 Investment Highlights Diversified portfolio of 25 US Large cap, dividend paying issuers included in the S&P 500 Index Companies selected using a proven quantitative process Quarterly income with opportunity for capital appreciation; $0.10 per unit Available in Canadian and US dollar units Currency Hedging: HUL hedged to CAD; HUL.U trades in USD unit and unhedged Fund Facts TSX Ticker: HUL HUL.U CUSIP (HUL): 41756A107 CUSIP (HUL.U): 41756A206 Inception Date (HUL): 02/25/2015 Inception Date (HUL.U): 02/25/2015 Distribution Frequency: Quarterly Corporate Balance Sheets Strong Distribution Method Management Fee: Cash or DRIP 0.75% 600 Cash on US corporate balance sheets continues to rise 1200 Risk Rating: Medium S&P 500 Cash per share Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): CA$209B % S&P 500 Cash & Equivalents per share S&P 500 Net Debt per share (LHS) 0 Distribution per quarter: Average Portfolio Dividend Yield: $ % Source: Bloomberg as at September 30, 2018 Average Price to Earnings: 19.0x 5 Year Average Return on Equity: 20.49% Buyback Strategies have Outperformed 2750% 2500% 2250% 2000% 1750% 1500% 1250% 1000% 750% 500% 250% 0% S&P 500 Buyback Index S&P 500 Index Source: Bloomberg as at September 30, 2018

11 Portfolio of Harvest US Equity Plus Income ETF Sub-Sector Diversification Information Technology 16% Communication Services Real Estate Cash and Other Assets and Liabilities Foreign Currency Forwards 1% Energy Materials Industrials 12% Financials 18% Health Care 16% Consumer Staples Consumer Discretionary 16% Performance (%) As of September 30, Month 3 Month 6 Month YTD 1 Year 2 Year 3 Year SI HUL HUL.U Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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 securityholder that would have reduced returns. Please read the relevant prospectus before investing. The funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

12 Investment Highlights Fund Facts Core Energy Portfolio: A Diversified Global Portfolio in Energy Leaders Opportunity for Capital Appreciation: Long equity bias at all times High Quality: Strong companies that have proven survival during adverse economic times Covered Call Strategy: Enhance portfolio income and lower portfolio volatility Attractive Income: Monthly income $0.03 per unit Currency: Available in Canadian dollar hedged HPF and US dollar unhedged HPF.U units Crude Recovery TSX Ticker: CUSIP (HPF): CUSIP (HPF.U): Inception Date (HPF): Inception Date (HPF.U): Distribution Frequency: Distribution Method Management Fee: HPF HPF.U 41753Y Y116 09/24/ /24/2014 Monthly Cash or DRIP 0.85% $75 Risk Rating: High $70 $65 $60 $55 $50 $45 $40 US$/barrel Portfolio Metrics* Average Market Capitalization: $134B $35 $30 Number of Equity Securities: 20 $25 $20 Current Yield (Class A): 6.57% Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Monthly Distribution per unit: $ 0.03 WTI USD Average Portfolio Dividend Yield: 2.69% Source: Bloomberg as at September 30, 2018 Average Price to Earnings: 16.6x 5 Year Average Return on Equity: 8.10% Inventory Levels Falling Supporting Higher Prices Days of Supply minus 5 Yr Avg Days Supply OECD Inventory -- Above/(Below) 5 Yr Avg Crude Oil Price Source: Bloomberg as at September 30, 2018

13 World Class Portfolio of Energy Leaders Sub-Sector Diversification Geographic Diversification Oil & Gas Refining & Marketing 1 Oil & Gas Exploration & Production 29% Oil & Gas Storage & Transportation Performance (%) Cash and Other Assets and Liabilities Foreign Currency Forwards 1% Oil & Gas Equipment & Services 9% Integrated Oil & Gas 39% United States 62% Cash and Other Assets and Liabilities Foreign Currency Forwards 1% Canada 9% China 5% France 5% Italy Netherlands United 5% Kingdom 5% As of September 30, Month 3 Month 6 Month YTD 1 Year 2 Year 3 Year SI HPF HPF.U Commissions, management fees and expenses all may be associated with investing in HARVEST Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). 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 securityholder that would have reduced returns. Please read the relevant prospectus before investing. The funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

14 Investment Highlights Quality Global Portfolio: Companies focused on industrial metals, steels, chemicals, and other materials Complementary for Canadian Investors: Majority of companies listed on exchanges outside North America Portfolio Allocation: Movements between sub-sectors, commodity exposure and positions throughout the cycle Selective Covered Calls: Provide opportunity for increased income in relatively lower yielding sector Quarterly Income: Quarterly income with opportunity for capital appreciation, $0.20 per unit per quarter ETF: Trades on the TSX under the symbol HRES; currency hedged to CAD Fund Facts TSX Ticker: CUSIP: Inception Date: Distribution Frequency: Distribution Method Management Fee: HRES 41754Q104 01/26/2018 Quarterly Cash 0.75% Risk Rating: Medium to High Robust Global Manufacturing Activity Continues with Metal Stockpiles at Lows Expansion above 50 (Contraction below 50) Synchronized Global Demand Growth (Global Manufacturing PMIs) Global Eurozone Japan China Germany US million tonnes Metal Stockpiles at Cycle Lows (Base Metal Inventories) Feb-2016 Apr-2016 Jun-2016 Aug-2016 Oct-2016 Dec-2016 Feb-2017 Apr-2017 Jun-2017 Aug-2017 Oct-2017 Dec-2017 Feb-2018 Apr-2018 Jun-2018 Aug Source: Bloomberg, September 30, 2018 Source: Bloomberg-- Total known Global Stocks of Aly & Copper, plus Global Exchange Stocks for Zinc, Lead, Nickel, September 30, 2018 Attractive Valuations Global Stocks Offer Scale & Diversity 12M Fwd P/E Ratio vs S&P 500 Index Fwd P/E Multiple Median Source: Bloomberg, September 30, , >20x Global (lhs) TSX (rhs) Chemicals Construction Mat. Industrial Metals Precious Metals Forestry, Paper & Packaging Materials Market Cap in $bn Global Materials Market Cap >20x Larger Than TSX Source: Bloomberg, September 30, 2018 Materials Market Cap in $bn

15 World Class Portfolio of Resource Leaders Sub-Sector Diversification Broad Resource Exposure Construction Materials Paper & Forest Products 5% Metals & Mining 5 Cash and Other Assets and Liabilities Foreign Currency Forwards 1% Chemicals 3 Construction Forestry, Materials Paper & Packaging Gases Spec Chems Divers. Chems Other Precious Rare Earths, Li, Co, U 3 O 8, UF 6, etc. Bulks Steels Estimated by Harvest using Bloomberg & Company Data; For illustrative purposes only Ni Al Cu Zn Strategic Resources Geographic Diversification United Kingdom 6% Switzerland 7% Sweden 6% South Africa United States 15% Norway Luxembourg Cash and Other Assets and Liabilities Japan Ireland Foreign Currency Forwards 1% Australia 1 France Germany 6% Brazil Canada 12% Denmark Chile Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): Average Portfolio Dividend Yield: 5 Year Average Return on Equity: Large % 2.15% 10.9 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 funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

16 Investment Highlights Large Cap Diversified Europe : Minimum 10 billion, Western European Listed Focused on European economy: Minimum 1/3rd of revenues derived from Europe Attractive Income: Monthly income with opportunity for capital appreciation, 5% per annum Equally weighted: Up to 30 European Leaders Covered Call Strategy: Can enhance portfolio income and lower portfolio volatility Currency: Hedged Fund Facts TSX Ticker: HEUR CUSIP: 41753B108 Inception Date: 01/26/2018 Distribution Frequency: Monthly Distribution Method Cash Management Fee: 0.75% GDP Growth Recovery Risk Rating: Medium Real GDP rebased at 100 for Q Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): Average Portfolio Dividend Yield: Average Price to Earnings: 5 Year Average Return on Equity: Large % 2.89% 17.1x 11.52% US UK Japan Euro area Source: Bloomberg, September 30, 2018 European Economic Recovery Gaining Momentum Global Manufacturing PMIs 22 Europe vs US: Attractive Valuations 65 Global Germany Eurozone US 20 Expansion above 50 (Contraction below 50) Forward P/E Ratio (x) Europe US Mar-2016 May-2016 Jul-2016 Sep-2016 Nov-2016 Jan-2017 Mar-2017 May-2017 Jul-2017 Sep-2017 Nov-2017 Jan-2018 Mar-2018 May-2018 Jul-2018 Sep Source: Bloomberg, September 30, 2018, Real GDP rebased at 100 for Q Based on 12 month forward consensus P/E ratio

17 World Class Portfolio of European Leaders Sub-Sector Diversification Geographic Diversification Real Estate 7% Communication Services 11% Information Technology 7% Financials 15% Health Care 8% Consumer Staples Cash and Other Assets and Liabilities 5% Consumer Discretionary 7% Foreign Currency Forwards 1% Energy 8% Materials 12% Industrials 15% Sweden 7% Spain Netherlands Switzerland 12% Italy United Kingdom Germany 26% Cash and Other Assets and Liabilities 5% Foreign Currency Forwards 1% France 3 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 funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

18 Investment Highlights Core US Financials Portfolio: Focused on the dominant bank and financial issuers in the United States Diversified: Portfolio of 15 large capitalization US Bank Leaders Opportunity for capital appreciation: Long equity bias at all times. Covered Call Strategy: Enhance portfolio income and lower portfolio volatility Attractive Income: Monthly income with opportunity for capital appreciation Currency: Available in Canadian dollar hedged HUBL and US dollar unhedged HUBL.U units Fund Facts TSX Ticker: HUBL HUBL.U CUSIP (HUBL): 41755H103 CUSIP (HUBL.U): 41755H202 Inception Date (HUBL): 01/26/2018 Inception Date (HUBL.U): 01/26/2018 Distribution Frequency: Monthly Distribution Method Cash Management Fee: 0.75% Risk Rating: Medium to High Portfolio of Quality Large Cap US Bank Leaders Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): Average Portfolio Dividend Yield: Average Price to Earnings: 5 Year Average Return on Equity: CA$141B x 9.82% Portfolio Allocation Cash and Other Assets and Liabilities 2% Capital Markets 20% Banks 78%

19 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 funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

20 Investment Highlights Quality North American Portfolio: Focused on Banks & Real Estate issuers Attractive monthly income: Monthly income with opportunity for capital appreciation, $ per unit Active portfolio allocation: Movements between sub-sectors and positions throughout the cycle Proven Manager: Mandate modeled after a Harvest Mutual Fund with an 8 year track record Canada bias: Maximum 25% outside of Canada (at time of investment) ETF: Trades on the TSX under the symbol HCBB Fund Facts TSX Ticker: CUSIP: Inception Date: Distribution Frequency: Distribution Method Management Fee: Risk Rating: HCBB 41751R105 01/26/2018 Monthly Cash 0.85% Medium World Class Portfolio of Financials and Real Estate Portfolio Metrics* Average Market Capitalization: Number of Equity Securities: Current Yield (Class A): CA$97B % Average Portfolio Dividend Yield: Average Price to Earnings: 5 Year Average Return on Equity: 3.35% 15.6x 10.20% Portfolio Allocation Geographic Allocation Real Estate 3 Cash and Other Assets and Liabilities Health Care United States 26% Cash and Other Assets and Liabilities Financials 60% Canada 71%

21 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 funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *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. The above information is for illustrative purposes only, is estimated and unaudited.

22 TSX HBLK Blockchain Technologies ETF Blockchain is a decentralized and distributed digital ledger that facilitates recording data and transactions in an unalterable database. It enables transactions to be validated without a centralized intermediary while maintaining a high level of security. The technology is expected to have a disruptive impact across global systems, transforming how governments, institutions, businesses and individuals interact and transact. HBLK tracks the Harvest Blockchain Technologies Index which invests in a cross section of Large Cap established companies and Dedicated businesses that are primarily involved in blockchain technology services. Investment Highlights Unique Index Portfolio: Balance of Large Cap and Dedicated Blockchain issuers. Portfolio rebalances quarterly and over time will formulaically adjust to heavier weighting in emerging Blockchain issuers as market cap grows and industry evolves. Diversified: Established technology firms, payment providers, crypto miners, consultants and financial areas. Capital Appreciation Opportunity: 100% long equity. Appreciation linked to the growth of the Harvest Blockchain Technologies Index. Currency: Canadian dollar, unhedged. Fee: 0.65% management fee. Harvest Blockchain Technologies Index Portfolio Metrics* Total portfolio holdings: Dedicated Blockchain holdings: Dedicated weight (market cap weighted): Dedicated weighted average market cap: Large cap holdings: Large cap weight (equally weighted): Large cap weighted average market cap: Cash and other assets: % CA$498M 10 49% CA$301B 1% The primary stock index, the Harvest Blockchain Technologies Index, tracks the leading public companies with business activities focused on the blockchain industry in North America. The Harvest Blockchain Technologies Index is broken down into two separate segments: Large Cap Blockchain and Dedicated Blockchain. The Index is intended to represent the broad landscape of publicly listed blockchain technology companies. Given the developing nature of the technology, the Index is designed to transition from a combination of both Large Cap Technology Blockchain and Dedicated Blockchain issuers into being focused exclusively on the Dedicated Blockchain segment, as this sector evolves and gains critical mass. Projected Blockchain Adoption Blockchain Is Changing Our World EARLY ADOPTION Market realizes the benefits of blockchain GROWTH New service providers emerge MATURITY Blockchain considered to be the mainstream of industries technology Wagers Escrow Digital Rights THE BLOCKCHAIN Smart Contracts Digital Currency E-commerce Global Payments P2P Lending Remittance Microfinance EXPLORATION Introduction of platform and validation of data exchange Equity Debt Derivatives Securities Record Keeping Healthcare Ownership Title Records Crowdfunding Intellectual Property Private Markets Voting Source: Acccenture Research Source: ACI Worldwide

23 Harvest Blockchain Technologies Index - Evolution Phase Stage of Index Development All 3 metrics must be met in order to increase the weighting towards emerging segment Min. # of Dedicated Issuers Growth Stage 1 <20 Min. Segment Mkt Cap <$5 B Min Average Mkt Cap <$250 m Dedicated Segment & Large Cap Split Large Cap Dedicated Total Companies 45% 55% <30 Growth Stage 2 20 $5 B $250 m 35% 65% 30 Growth Stage 3 30 $7.5B $250 m 25% 75% 40 Growth Stage 4 40 $10 B $250 m 15% 85% 50 Growth Stage 5 50 $15 B $350 m 0% 100% 50 Technological Evolution Blockchain Technologies ETF Holdings Dedicated Established harvestportfolios.com 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 funds 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. Certain statements included in this communication constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Investment Fund. The forward-looking statements are not historical facts but reflect the Fund s, Harvest and the Manager of the Fund s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements 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 Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. *Source: Bloomberg. Average statistics calculated based on portfolio weighted average. The above information is for illustrative purposes only, is estimated and unaudited.