Oakville, Ont.-based Harvest Portfolios Group Inc. announced on Wednesday that US Buyback Leaders ETF has changed its name to US Equity Plus Income ETF.

The name change will take effect on the Toronto Stock Exchange (TSX) on June 22.

The TSX ticker symbols of the fund remain the same for both Class A units and Class U units, HUL and HUL.U, respectively.

Harvest believes the name change is more reflective of the fund’s investment strategy.

“To specifically title the fund on the corporate share repurchase programs that are part of the investment criteria was narrow and didn’t give enough credit to the overall stock portfolio choices being made and the overall quality of the portfolio,” says Michael Kovacs, Harvest’s CEO, in a statement.

The fund invests in an equally weighted portfolio of equity securities of 25 issuers selected from the top 100 issuers in the fund’s U.S. buyback universe with the highest buyback ratio based on specific repurchase criteria.