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An ETF for every investor.

CASH

Horizons High Interest Savings ETF

Price
$50.20
$0.01
0.01%
NAV
$50.1767
$0.0067
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$9.68
$-0.10
-1.02%
NAV
$9.7786
$0.0689
0.71%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$10.99
$0.03
0.27%
NAV
$10.9785
$-0.0097
-0.09%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
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HAC

Horizons Seasonal Rotation ETF

An ETF For All Seasons

Horizons Seasonal Rotation ETF (HAC) uses a proprietary, seasonal rotation investment strategy which seeks to deliver absolute returns in all market conditions. The strategy’s core position consists of broad markets at seasonally favourable times of the year, and money market securities at seasonally unfavourable times of the year.

Key Features

• Seeks to profit from seasonal periods which historically have generated positive returns for certain sectors
• Historically low correlation to broad equity markets
• Historical trends may not repeat, or may vary in timing or duration in certain years

Investment Objective

HAC seeks to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. HAC’s portfolio may from time to time also include a significant amount of cash and/or cash equivalents.

Fund Details

Ticker
HAC
Inception Date
November 19, 2009
Net Assets ?
$199,820,185
As at  January 27, 2023
Consolidated Prior Day Volume ?
12,281
For  January 27, 2023
Average Daily Trading Volume Over a 12 Month Period ?
12,232
As at  January 27, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.75%
(Plus applicable sales tax)
Management Expense Ratio ?
1.43%
As at June 30, 2022
Performance Fee
20% of outperformance over high water mark and an annualized return of 5% (please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300KNOCJ0JHKIVZ63
Most Recent Distributions Per Unit
0.09
Estimated Annualized Yield ?
0.37 %
12-Month Trailing Yield ?
0.37 %
Distribution Frequency
Annual
Reinvested Non-Cash Distributions
0.13234
Record Date
December 30, 2022
NAV / Unit
$26.2316
Price
$26.25
Premium Discount
$0.02
Premium Discount Percentage
0.07%
Outstanding Shares
7,617,547

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%) *

1mo 3mo 6mo YTD 1 yr 3 yr 5 yr 10 yr SIR**
Horizons Seasonal Rotation ETF -4.86 3.66 2.21 -4.97 -4.97 2.91 5.24 6.85 7.14

**Fund performance since inception on November 19, 2009, as at December 31, 2022

Calendar Year Performance (%) *

2015 2016 2017 2018 2019 2020 2021 2022

Horizons Seasonal Rotation ETF

10.10 9.28 5.06 -0.93 19.53 -5.51 21.40 -4.97

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 12/29/2022 12/30/2022 01/12/2023 0.09 0.13234 Annual
2019 12/30/2019 12/31/2019 01/13/2020 1.04940 Annual
2011 12/28/2011 12/30/2011 01/12/2012 0.0153 0.60660 Annual

Asset Allocation

As at December 31, 2022
US Equity 56.58%
Canadian Equity 22.48%
Other 12.06%
International Equity 7.08%
Cash and Equivalents 1.80%

Top 10 Holdings

As at December 31, 2022
Security Name Weight
Horizons S&P/TSX 60 Index ETF (HXT) 22.48%
Industrial Select Sector SPDR ETF (XLI) 12.80%
Materials Select Sector SPDR ETF (XLB) 10.55%
Horizons Gold ETF (HUG) 8.50%
iShares Russell 2000 ETF (IWM) 8.05%
Technology Select Sector SPDR ETF (XLK) 7.69%
Horizons S&P 500 Index ETF U$ (HXS.U) 5.50%
Utilities Select Sector SPDR ETF (XLU) 5.19%
iShares MSCI Emerging Markets ETF (EEM) 5.04%
Horizons NASDAQ-100 Index ETF U$ (HXQ.U) 4.80%
At a Glance

An ETF For All Seasons

Horizons Seasonal Rotation ETF (HAC) uses a proprietary, seasonal rotation investment strategy which seeks to deliver absolute returns in all market conditions. The strategy’s core position consists of broad markets at seasonally favourable times of the year, and money market securities at seasonally unfavourable times of the year.

Key Features

• Seeks to profit from seasonal periods which historically have generated positive returns for certain sectors
• Historically low correlation to broad equity markets
• Historical trends may not repeat, or may vary in timing or duration in certain years

Product Facts

Investment Objective

HAC seeks to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. HAC’s portfolio may from time to time also include a significant amount of cash and/or cash equivalents.

Fund Details

Ticker
HAC
Inception Date
November 19, 2009
Net Assets ?
$199,820,185
As at January 27, 2023
Consolidated Prior Day Volume ?
12,281
For January 27, 2023
Average Daily Trading Volume Over a 12 Month Period ?
12,232
As at January 27, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.75%
(Plus applicable sales tax)
Management Expense Ratio ?
1.43%
 As at June 30, 2022
Performance Fee
20% of outperformance over high water mark and an annualized return of 5% (please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300KNOCJ0JHKIVZ63
Most Recent Distributions Per Unit
0.09
Estimated Annualized Yield ?
0.37%
12-Month Trailing Yield ?
0.37%
Distribution Frequency
Annual
Reinvested Non-Cash Distributions
0.13234
Record Date
December 30, 2022
NAV / Unit
$26.2316
Price
$26.25
Premium Discount
$0.02
Premium Discount Percentage
0.07%
Outstanding Shares
7,617,547

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Performance & Distributions

Annualized Performance (%) *

1mo 3mo 6mo YTD 1 yr 3 yr 5 yr 10 yr SIR**
Horizons Seasonal Rotation ETF -4.86 3.66 2.21 -4.97 -4.97 2.91 5.24 6.85 7.14

**Fund performance since inception on November 19, 2009, as at December 31, 2022

Calendar Year Performance (%)

2015 2016 2017 2018 2019 2020 2021 2022
Horizons Seasonal Rotation ETF 10.10 9.28 5.06 -0.93 19.53 -5.51 21.40 -4.97

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 12/29/2022 12/30/2022 01/12/2023 0.09 0.13234 Annual
2019 12/30/2019 12/31/2019 01/13/2020 1.0494 Annual
2011 12/28/2011 12/30/2011 01/12/2012 0.0153 0.6066 Annual
Holdings

Asset Allocation

As at December 31, 2022
US Equity 56.58%
Canadian Equity 22.48%
Other 12.06%
International Equity 7.08%
Cash and Equivalents 1.80%

Top 10 Holdings

As at December 31, 2022
Security Name Weight
Horizons S&P/TSX 60 Index ETF (HXT) 22.48%
Industrial Select Sector SPDR ETF (XLI) 12.80%
Materials Select Sector SPDR ETF (XLB) 10.55%
Horizons Gold ETF (HUG) 8.50%
iShares Russell 2000 ETF (IWM) 8.05%
Technology Select Sector SPDR ETF (XLK) 7.69%
Horizons S&P 500 Index ETF U$ (HXS.U) 5.50%
Utilities Select Sector SPDR ETF (XLU) 5.19%
iShares MSCI Emerging Markets ETF (EEM) 5.04%
Horizons NASDAQ-100 Index ETF U$ (HXQ.U) 4.80%

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!