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Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the “Horizons Exchange Traded Products”). The Horizons Exchange Traded Products are not guaranteed, their value changes frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.
*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF(s) or future returns on investment in the ETF(s). Only the returns for periods of one year or greater are annualized returns.
The Horizons Exchange Traded Products include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in shares of a BetaPro Product decreases in value.
The BetaPro Products consist of our Daily Bull and Daily Bear ETFs (“Leveraged and Inverse Leveraged ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the Leveraged and Inverse Leveraged ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The Leveraged and Inverse Leveraged ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their respective prospectuses. Each Leveraged and Inverse Leveraged ETF seeks a return, before fees and expenses, that is either up to, or equal to, either 200% or –200% of the performance of a specified underlying index, commodity futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its Target. Due to the compounding of daily returns a Leveraged and Inverse Leveraged ETF’s or Inverse ETF’s returns over periods other than one day will likely differ in amount and, particularly in the case of the Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period. For certain Leveraged and Inverse Leveraged ETFs that seek up to 200% or up to or -200% leveraged exposure, the Manager anticipates, under normal market conditions, managing the leverage ratio as close to two times (200%) as practicable however, the Manager may, at its sole discretion, change the leverage ratio based on its assessment of the current market conditions and negotiations with the respective ETF’s counterparties at that time. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 10.00% and 45.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager publishes on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions.
The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. BetaPro Bitcoin ETF (“HBIT”), and BetaPro Inverse Bitcoin ETF (“BITI”), which are a 1X ETF, and an up to -1X ETF, respectively, as described in the prospectus, are speculative investment tools that are not conventional investments. Their Target, an index which replicates exposure to rolling Bitcoin Futures and not the spot price of Bitcoin, is highly volatile. As a result, neither ETF is intended as a stand-alone investment. There are inherent risks associated with products linked to crypto-assets, including Bitcoin Futures. While Bitcoin Futures are traded on a regulated exchange and cleared by regulated central counterparties, direct or indirect exposure to the high level of risk of Bitcoin Futures will not be suitable for all types of investors. An investment in any of the BetaPro Products is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. Please read the full risk disclosure in the prospectus before investing. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies.
Horizons Total Return Index ETFs (“Horizons TRI ETFs”) are generally index-tracking ETFs that use an innovative investment structure known as a Total Return Swap to deliver index returns in a low-cost and tax-efficient manner. Unlike a physical replication ETF that typically purchases the securities found in the relevant index in the same proportions as the index, most Horizons TRI ETFs use a synthetic structure that never buys the securities of an index directly. Instead, the ETF receives the total return of the index through entering into a Total Return Swap agreement with one or more counterparties, typically large financial institutions, which will provide the ETF with the total return of the index in exchange for the interest earned on the cash held by the ETF. Any distributions which are paid by the index constituents are reflected automatically in the net asset value (NAV) of the ETF. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on the cash deposits that can change over time.
Horizons TRI ETFs include ETFs that use physical replication instead of a total return swap to gain exposure to their benchmark index. These ETFs are a class of shares in a corporate class structure that allows the ETF to deliver its returns in a tax-efficient manner. With this structure, the ETF will receive the total return of the Index (less any withholding tax payable on constituent distributions if applicable), which is reflected in the NAV of the ETF. However, investors are not expected to receive any taxable distributions from these ETFs. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on a cash deposit that can change over time.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products (the “Horizons Exchange Traded Products”) managed by Horizons ETFs Management (Canada) Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
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7h
Congratulations to week 3 winner of the Biggest Winner Competition 12, Michael Pallone!
Start trading today for the… chance to win real cash prizes, including a grand prize of $10,000!
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly11h
It’s week 4 and we are ready to trade! Are you bearish or bullish on Crude Oil?
1d
🚨Hot off the Press! 🚨
In part one of our latest blog post series, we discuss the intricacies of the …semiconductor industry as well as a compelling case for investing in the US$570 billion industry.
Looking to gain exposure to the growing semiconductor industry? The Horizons Global Semiconductor Index ETF ($CHPS – https://buff.ly/3ntCU9A) provides exposure to a range of designer and fabrication companies across different geographies within the industry.
Read Now:
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CHPS is the first Canadian-listed ETF focused on providing exposure to semiconductors—one of the building blocks for emerging technologies
buff.ly1d
Week four of the Biggest Winner Competition begins today!
Trade Now:
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly4d
Congratulations to week two winner of the Biggest Winner Competition 12, Meshaal Khan!
Start trading today for… the chance to win real cash prizes, including a grand prize of $10,000!
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly4d
We are now halfway through the 12th Biggest Winner Competition! Congratulations to our competitors thus far!
…Win real cash prizes, including a grand prize of $10,000! There’s still time to win! Start trading: https://buff.ly/40Vl1ya
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5d
Try trading Fixed Income through the Biggest Winner Competition!
Win real cash prizes, including a grand prize… of $10,000! The competition is live! Start trading: https://buff.ly/40Vl1ya
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All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly6d
We are halfway through week three of the Biggest Winner contest! Are you bearish or bullish on semiconductors!?
6d
Practice trading Alternative Energy ETFs during the Biggest Winner Competition!
Win real cash prizes, …including a grand prize of $10,000! The competition is live! Start trading: https://buff.ly/40Vl1ya
@TMXGroup
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly1w
🚨 Will You Be The Biggest Winner?🚨
On the latest episode of Generation ETFs, Horizons ETFs' …Executive Vice President of ETF Strategy, Mark Noble, is joined by ETF writer Tony Dong, as well as Biggest Winner 11 Champion James Lindhe to discuss ETF trading strategies, how the Biggest Winner 12 Competition compares to managing a real-life portfolio, as well as tips for Biggest Winner participants.
Listen here (22:38 minutes):
https://buff.ly/43aIzRR
Register for the Biggest Winner Competition 12 now!
https://buff.ly/440kE8s
About Generation ETFsBrought to you by Horizons ETFs Management (Canada) Inc., this podcast is dedicated to…
buff.ly1w
Week three of the Biggest Winner Competition begins today!
Trade Now:
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
thebiggestwinner.ca1w
Congratulations to week one winner of the Biggest Winner Competition 12, Amin Ebadi!
Start trading today for …the chance to win real cash prizes, including a grand prize of $10,000!
https://thebiggestwinner.stocktrak.com/
1w
Interested in tactical ETFs? Try using BetaPro ETFs when playing the #BiggestWinner Competition!
With weekly …cash prizes to be won, there’s still time to participate! Trade Now:
@tmxgroup
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly1w
Is there an investment product for investors with a short-term trading horizon, looking to utilize a higher-risk …profile to generate potentially higher short-term returns?
Learn more about the family of Horizons BetaPro ETFs
Investing doesn’t have to be limited to buy-and-hold strategies. For investors who are willing to take…
buff.ly1w
Practice trading Asset Allocation ETFs through the Biggest Winner Competition! Win real cash prizes, including a grand …prize of $10,000!
Start trading today: https://buff.ly/40Vl1ya
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
thebiggestwinner.ca2w
We are kicking off week two of the Biggest Winner contest! On the tail of a strong first week, are you bearish or …bullish on Natural Gas?
2w
Did you know that investing doesn’t have to be limited to buy-and-hold strategies?
Learn more about how to …take advantage of Horizons’ BetaPro ETFs that are designed for investors seeking short-term, tactical trading vehicles.
Investing doesn’t have to be limited to buy-and-hold strategies. For investors who are willing to take…
buff.ly2w
Week two of the Biggest Winner Competition begins today! @tmxgroup
Trade Now:
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
thebiggestwinner.ca2w
Thinking about trading Thematic ETFs?
2w
Total Return (TRI) ETFs have unique tax benefits that can work effectively in the right portfolio.
Find out …more on TRI ETFs
👇
All information is provided on an “as-is” basis for informational purposes only and is not intended for actual trading purposes or market advice….
buff.ly2w
Curious about Covered Calls?
👇 👇 👇
3w
Learn what Horizons’ BetaPro ETFs are to get leveraged, inverse, and inverse leveraged exposure to rapidly moving …market conditions across a variety of indices, sectors, asset classes, and commodities. https://buff.ly/3Nnkbax
3w
We are excited to announce that our recently launched T-Bill ETFs, the Horizons 0-3 Month T-Bill ETF (CBIL) and …Horizons 0-3 Month U.S. T-Bill ETF (UBIL.U), are celebrating their 1-month anniversary!
https://horizonsetfs.com/ETF/cbil/
https://horizonsetfs.com/ETF/ubil.u/
3w
Are you 2023’s Biggest Winner?
Horizons ETFs annual simulated trading contest has officially begun! Trade …big, for the chance to win big!
3w
The Biggest Winner 12 begins on Monday! Don’t miss your chance to win – with $21,000 in cash prizes someone has to …be The Biggest Winner. Will it be you? 🙋 💰
https://buff.ly/440kE8s
3w
In just 5 days The Biggest Winner competition in partnership with TMX Inc. and National Bank Direct Brokerage will give… YOU the chance to win the grand cash prize of $10,000. Equipped with $100,000 in fantasy funds, test your trading skills and emerge victorious with the highest-valued account to walk away with the winning loot!
Register here: https://buff.ly/440kE8s
3w
Join our team at Horizons ETFs!
We’re looking for a motivated Business Development Associate!
Apply… today!
https://www.linkedin.com/jobs/view/3598811664
4w
There are three main reasons why the closing market price of an ETF may be different from it’s NAV. While premiums …and discounts can occur, deviations between ETF price and its NAV tend to be short-lived.
Read more: https://horizonsetfs.com/education/understanding-etf-premiums-and-discounts/
4w
We are officially in our last week to register for the 12th Biggest Winner Competition. With $21,000 in cash prizes up …for grabs – you do not want to miss out on the opportunity to trade $100,000 in fantasy funds!
Register here: https://buff.ly/440kE8s
1mo
Since ETFs trade on a stock exchange, they have two “values” at the close of markets: the Market Price and the Net …Asset Value (NAV). But what’s the difference between them and how do they affect an ETF’s price?
Read our “Understanding ETF Premiums and Discounts” blog post for more information!
One of the benefits of exchange-traded funds is the fact that the price of ETF units…
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