Generic filters
Search in excerpt

An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.16
$0.13
0.62%
NAV
$21.0514
$0.0305
0.15%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.23
$-0.01
-0.04%
NAV
$27.2363
$-0.0200
-0.07%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.13
$0.01
0.02%
NAV
$50.1135
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
Explore All Products
Generic filters
Search in excerpt
Back to All Products

HARB.U

Horizons Tactical Absolute Return Bond ETF

Investment Objective

HARB seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction. The ETF will tactically take long and short positions in North American and global debt instruments and derivatives across the credit spectrum. In respect of the Dividend Series Shares, the ETF will also seek to provide consistent income.

HARB is an alternative mutual fund within the meaning of National instrument 81-102 Investment Funds, and is permitted to use strategies generally prohibited by conventional mutual funds and ETFs, such as borrowing cash, selling securities short, and employing leverage of up to 300%, amongst others. The use of these strategies may accelerate the risk associated with the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus and its risk disclosure before investing.

Fund Details

Ticker
HARB.U
Inception Date
April 21, 2021
Net Assets ?
$32,011,231
As at  March 27, 2024
Consolidated Prior Day Volume ?
97 117
For  April 04, 2024
Average Daily Trading Volume Over a 12 Month Period ?
8,005
As at  April 04, 2024
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 ?
0.93%
As at June 30, 2023
Performance Fee
10% over high water mark and an annualized return between 3% and 5%, depending on the Bank of Canada overnight rate. (Please see the prospectus for more information)
Currency
USD
Currency Hedging
N/A
LEI ?
549300OHQLF682HVWX18
NAV / Unit
$--
Price
$8.17
Premium Discount
$--
Premium Discount Percentage
--%
Outstanding Shares
3,010,000
Weighted Average Duration ?
11.50
Average Credit Quality ?
AA+
Weighted Average Coupon ?
4.22
Weighted Average Yield to Maturity ?
4.30%

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 (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Distribution data is not currently available.

Sector Allocation

As at February 29, 2024
Government 73.51%
Cash 26.49%

Credit Ratings

As at February 29, 2024
AAA 26.49%
AA 73.51%

Top 10 Holdings

As at February 29, 2024
Security Name Weight
UNITED STATES TREASURY NOTE/BOND 4.25% 15-Feb-2054 44.15%
UNITED STATES TREASURY NOTE/BOND 4.00% 15-Feb-2034 29.45%
US 5YR NOTE (CBT) 0.04%
At a Glance

Investment Objective

HARB seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction. The ETF will tactically take long and short positions in North American and global debt instruments and derivatives across the credit spectrum. In respect of the Dividend Series Shares, the ETF will also seek to provide consistent income.

HARB is an alternative mutual fund within the meaning of National instrument 81-102 Investment Funds, and is permitted to use strategies generally prohibited by conventional mutual funds and ETFs, such as borrowing cash, selling securities short, and employing leverage of up to 300%, amongst others. The use of these strategies may accelerate the risk associated with the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus and its risk disclosure before investing.

Product Facts

Fund Details

Ticker
HARB.U
Inception Date
April 21, 2021
Net Assets ?
$32,011,231
As at  March 27, 2024
Consolidated Prior Day Volume ?
97 117
ForApril 04, 2024
Average Daily Trading Volume Over a 12 Month Period ?
8,005
As at  April 04, 2024
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 ?
0.93%
 As at June 30, 2023
Performance Fee
10% over high water mark and an annualized return between 3% and 5%, depending on the Bank of Canada overnight rate. (Please see the prospectus for more information)
Currency
USD
Currency Hedging
N/A
LEI ?
549300OHQLF682HVWX18
NAV / Unit
$--
Price
$8.17
Premium Discount
$--
Premium Discount Percentage
--%
Outstanding Shares
3,010,000
Weighted Average Duration ?
11.50
Average Credit Quality ?
AA+
Weighted Average Coupon ?
4.22
Weighted Average Yield to Maturity ?
4.30%

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 (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Distribution data is not currently available.

Holdings

Sector Allocation

As at February 29, 2024
Government 73.51%
Cash 26.49%

Credit Ratings

As at February 29, 2024
AAA 26.49%
AA 73.51%

Top 10 Holdings

As at February 29, 2024
Security Name Weight
UNITED STATES TREASURY NOTE/BOND 4.25% 15-Feb-2054 44.15%
UNITED STATES TREASURY NOTE/BOND 4.00% 15-Feb-2034 29.45%
US 5YR NOTE (CBT) 0.04%

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!