HCON
An Asset Allocation ETF for Conservative Investors
With the number of ETFs available to Canadian investors rapidly growing, trying to find the right ETFs to build the right equity allocation is increasingly difficult. Horizons Conservative TRI ETF Portfolio (HCON) can be a potential total-portfolio solution for conservative investors seeking long-term returns with a generally lower risk profile than the broader equity solutions.
Key Features
• Low-Cost1: There will be no direct management fees or operating expenses. Unitholders will still be indirectly charged the fees of the underlying Horizons TRI ETFs invested in by HCON (the management expense ratio of HCON will be approximately 0.15%, and will not exceed 0.16%, while the aggregate trading expense ratio of the portfolio of Horizons TRI ETFs held by HCON will be approximately 0.09% and is not expected to exceed 0.12%)
• HCON is an asset allocation strategy that invests in tax-efficient ETFs
• Tax-Efficient: The underlying ETFs in HCON’s portfolio are not expected to make any ongoing taxable distributions of investment income or dividends, making them ideal portfolio solutions for taxable accounts
1Compared to other equivalent investment products
Investment Objective
HCON seeks moderate long-term capital growth using a conservative portfolio of exchange traded funds.
Horizons ETFs pays all of the operating and administrative expenses incurred by HCON. HCON is subject to the fees of its underlying ETFs. Horizons ETFs currently anticipates that the management expense ratio of HCON will be approximately 0.15%, and will not exceed 0.16%, while the aggregate trading expense ratio of the portfolio of Horizons TRI ETFs held by HCON will be approximately 0.09% and is not expected to exceed 0.12%. As trading expense ratios include expenses outside of the Manager’s control, the trading expense ratio of HCON is subject to change at any time.
Fund Details
Ticker
HCON
Inception Date
August 01, 2018
Net Assets ?
$53,369,119
As at February 01, 2023
Consolidated Prior Day Volume ?
4,287
For February 02, 2023
Average Daily Trading Volume Over a 12 Month Period ?
12,423
As at February 02, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Portfolio Manager
Horizons ETFs Management (Canada) Inc.
Management Fee
0.00%
(ETF is subject to fees of underlying ETFs)
Management Expense Ratio ?
0.15%
As at June 30, 2022
Currency
CAD
Currency Hedging
Seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times
LEI ?
549300VNIR7ZHICI5B67
Distribution Metrics
Most Recent Distributions Per Unit
0.00198
Estimated Annualized Yield ?
0.02 %
12-Month Trailing Yield ?
0.02 %
Distribution Frequency
Annual
Record Date
December 30, 2022
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 $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons Conservative TRI ETF Portfolio | 5.64 | 6.42 | -0.54 | 5.64 | -8.20 | 2.63 | -- | -- | 4.59 |
**Fund performance since inception on August 01, 2018, as at January 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Conservative TRI ETF Portfolio |
-- | -- | -- | -- | 16.81 | 13.65 | 9.66 | -16.49 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.00198 | — | Annual |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.01191 | — | Annual |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.0985 | — | |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0038 | — | Annual |
Top 10 Holdings
As at February 02, 2023| Security Name | Weight |
|---|---|
| Horizons Cdn Select Universe Bond ETF (HBB) | 31.76% |
| Horizons US Large Cap Index ETF (HULC) | 16.75% |
| Horizons US 7-10 Year Treasury Bond ETF (HTB) | 15.76% |
| Horizons NASDAQ-100 Index ETF (HXQ) | 12.10% |
| Horizons Intl Developed Mkts Eq Ix ETF (HXDM) | 7.82% |
| Horizons S&P/TSX 60 Index ETF (HXT) | 7.33% |
| Horizons Europe 50 Index ETF (HXX) | 4.41% |
| Horizons Emerging Markets Equity IdxETF C$ (HXEM) | 3.72% |
| CASH | 0.36% |
Holdings are subject to change. Download full prior business day: Holdings
Education
Regulatory and Legal
Financial Reports
At a Glance
An Asset Allocation ETF for Conservative Investors
With the number of ETFs available to Canadian investors rapidly growing, trying to find the right ETFs to build the right equity allocation is increasingly difficult. Horizons Conservative TRI ETF Portfolio (HCON) can be a potential total-portfolio solution for conservative investors seeking long-term returns with a generally lower risk profile than the broader equity solutions.
Key Features
• Low-Cost1: There will be no direct management fees or operating expenses. Unitholders will still be indirectly charged the fees of the underlying Horizons TRI ETFs invested in by HCON (the management expense ratio of HCON will be approximately 0.15%, and will not exceed 0.16%, while the aggregate trading expense ratio of the portfolio of Horizons TRI ETFs held by HCON will be approximately 0.09% and is not expected to exceed 0.12%)
• HCON is an asset allocation strategy that invests in tax-efficient ETFs
• Tax-Efficient: The underlying ETFs in HCON’s portfolio are not expected to make any ongoing taxable distributions of investment income or dividends, making them ideal portfolio solutions for taxable accounts
1Compared to other equivalent investment products
Product Facts
Investment Objective
HCON seeks moderate long-term capital growth using a conservative portfolio of exchange traded funds.
Horizons ETFs pays all of the operating and administrative expenses incurred by HCON. HCON is subject to the fees of its underlying ETFs. Horizons ETFs currently anticipates that the management expense ratio of HCON will be approximately 0.15%, and will not exceed 0.16%, while the aggregate trading expense ratio of the portfolio of Horizons TRI ETFs held by HCON will be approximately 0.09% and is not expected to exceed 0.12%. As trading expense ratios include expenses outside of the Manager’s control, the trading expense ratio of HCON is subject to change at any time.
Fund Details
Ticker
HCON
Inception Date
August 01, 2018
Net Assets ?
$53,369,119
As at February 01, 2023
Consolidated Prior Day Volume ?
4,287
For February 02, 2023
Average Daily Trading Volume Over a 12 Month Period ?
12,423
As at February 02, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Portfolio Manager
Horizons ETFs Management (Canada) Inc.
Management Fee
0.00%
(ETF is subject to fees of underlying ETFs)
Management Expense Ratio ?
0.15%
As at June 30, 2022
Currency
CAD
Currency Hedging
Seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times
LEI ?
549300VNIR7ZHICI5B67
Distribution Metrics
Most Recent Distributions Per Unit
0.00198
Estimated Annualized Yield ?
0.02%
12-Month Trailing Yield ?
0.02%
Distribution Frequency
Annual
Record Date
December 30, 2022
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 $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Performance & Distributions
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons Conservative TRI ETF Portfolio | 5.64 | 6.42 | -0.54 | 5.64 | -8.20 | 2.63 | -- | -- | 4.59 |
**Fund performance since inception on August 01, 2018, as at January 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Conservative TRI ETF Portfolio | -- | -- | -- | -- | 16.81 | 13.65 | 9.66 | -16.49 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.00198 | Annual | |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.01191 | Annual | |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.0985 | ||
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0038 | Annual |
Holdings
Top 10 Holdings
As at February 02, 2023| Security Name | Weight |
|---|---|
| Horizons Cdn Select Universe Bond ETF (HBB) | 31.76% |
| Horizons US Large Cap Index ETF (HULC) | 16.75% |
| Horizons US 7-10 Year Treasury Bond ETF (HTB) | 15.76% |
| Horizons NASDAQ-100 Index ETF (HXQ) | 12.10% |
| Horizons Intl Developed Mkts Eq Ix ETF (HXDM) | 7.82% |
| Horizons S&P/TSX 60 Index ETF (HXT) | 7.33% |
| Horizons Europe 50 Index ETF (HXX) | 4.41% |
| Horizons Emerging Markets Equity IdxETF C$ (HXEM) | 3.72% |
| CASH | 0.36% |
Holdings are subject to change. Download full prior business day: Holdings
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