HFR
Investment Objective
HFR seeks to generate income that is consistent with prevailing Canadian short term corporate bond yields while reducing the potential effects of Canadian interest rate fluctuations on HFR. HFR invests primarily in a portfolio of Canadian debt (including debt-like securities) directly, and hedges the portfolio’s interest rate risk by maintaining a portfolio duration that is not more than one year. HFR may also invest directly in debt of U.S. companies, as well as indirectly through investments in securities of Listed Funds. HFR uses derivatives, including interest rate swaps, to deliver a floating rate of income
Fund Details
Ticker
HFR
Inception Date
December 10, 2010
Net Assets ?
$395,776,636
As at April 17, 2024
Consolidated Prior Day Volume ?
323 431
For April 17, 2024
Average Daily Trading Volume Over a 12 Month Period ?
197,634
As at April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.40%
(Plus applicable sales taxes)
Management Expense Ratio ?
0.47%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300D74BMB1ZVQF977
Distribution Metrics
Most Recent Distributions Per Unit
$0.04200
Annualized Distribution Yield ?
5.09 %
As at April 17, 2024
12-Month Trailing Yield ?
6.02 %
Distribution Frequency
Monthly
Record Date
March 28, 2024
Portfolio Investment Metrics
As at March 28, 2024
Weighted Average Duration ?
0.93
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.43
Weighted Average Yield to Maturity ?
5.66%
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 Active Ultra-Short Term Investment Grade Bond ETF | 0.55 | 1.80 | 4.59 | 1.80 | 7.56 | 3.03 | 3.07 | 2.45 | 2.60 |
**Fund performance since inception on December 10, 2010, as at March 31, 2024
Calendar Year Performance (%) *
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Active Ultra-Short Term Investment Grade Bond ETF |
2.83 | 2.35 | 0.93 | 4.29 | 3.40 | 0.83 | -0.55 | 7.41 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2024 | 03/27/2024 | 03/28/2024 | 04/05/2024 | 0.042 | — | Monthly |
| 2024 | 02/28/2024 | 02/29/2024 | 03/07/2024 | 0.042 | — | Monthly |
| 2024 | 01/30/2024 | 01/31/2024 | 02/07/2024 | 0.042 | — | Monthly |
| 2023 | 12/28/2023 | 12/29/2023 | 01/08/2024 | 0.0475 | — | Monthly |
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.0475 | — | Monthly |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.048 | — | Monthly |
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.049 | — | Monthly |
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.049 | — | Monthly |
| 2023 | 07/28/2023 | 07/31/2023 | 08/08/2023 | 0.049 | — | Monthly |
| 2023 | 06/29/2023 | 06/30/2023 | 07/10/2023 | 0.04468 | — | Monthly |
| 2023 | 05/30/2023 | 05/31/2023 | 06/07/2023 | 0.04468 | — | Monthly |
| 2023 | 04/27/2023 | 04/28/2023 | 05/05/2023 | 0.04468 | — | Monthly |
| 2023 | 03/30/2023 | 03/31/2023 | 04/10/2023 | 0.04498 | — | Monthly |
| 2023 | 02/27/2023 | 02/28/2023 | 03/07/2023 | 0.04498 | — | Monthly |
| 2023 | 01/30/2023 | 01/31/2023 | 02/10/2023 | 0.04498 | — | Monthly |
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.04229 | — | Monthly |
| 2022 | 11/29/2022 | 11/30/2022 | 12/12/2022 | 0.04229 | — | Monthly |
| 2022 | 10/28/2022 | 10/31/2022 | 11/10/2022 | 0.04229 | — | Monthly |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.04229 | — | Monthly |
| 2022 | 08/30/2022 | 08/31/2022 | 09/13/2022 | 0.03628 | — | Monthly |
| 2022 | 07/28/2022 | 07/29/2022 | 08/11/2022 | 0.02655 | — | Monthly |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.01975 | — | Monthly |
| 2022 | 05/30/2022 | 05/31/2022 | 06/10/2022 | 0.01975 | — | Monthly |
| 2022 | 04/28/2022 | 04/29/2022 | 05/11/2022 | 0.01975 | — | Monthly |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.01363 | — | Monthly |
| 2022 | 02/25/2022 | 02/28/2022 | 03/10/2022 | 0.01163 | — | Monthly |
| 2022 | 01/28/2022 | 01/31/2022 | 02/10/2022 | 0.01163 | — | Monthly |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.01239 | — | Monthly |
| 2021 | 11/29/2021 | 11/30/2021 | 12/10/2021 | 0.00923 | — | Monthly |
| 2021 | 10/28/2021 | 10/29/2021 | 11/10/2021 | 0.00923 | — | Monthly |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.00945 | — | Monthly |
| 2021 | 08/30/2021 | 08/31/2021 | 09/13/2021 | 0.00945 | — | Monthly |
| 2021 | 07/29/2021 | 07/30/2021 | 08/12/2021 | 0.00945 | — | Monthly |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.0097 | — | Monthly |
| 2021 | 05/28/2021 | 05/31/2021 | 06/10/2021 | 0.0097 | — | Monthly |
| 2021 | 04/29/2021 | 04/30/2021 | 05/12/2021 | 0.0097 | — | Monthly |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0101 | — | Monthly |
| 2021 | 02/25/2021 | 02/26/2021 | 03/10/2021 | 0.0109 | — | Monthly |
| 2021 | 01/28/2021 | 01/29/2021 | 02/10/2021 | 0.021 | — | Monthly |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.021 | — | Monthly |
| 2020 | 11/27/2020 | 11/30/2020 | 12/10/2020 | 0.021 | — | Monthly |
| 2020 | 10/29/2020 | 10/30/2020 | 11/12/2020 | 0.021 | — | Monthly |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0213 | — | Monthly |
| 2020 | 08/28/2020 | 08/31/2020 | 09/11/2020 | 0.0213 | — | Monthly |
| 2020 | 07/30/2020 | 07/31/2020 | 08/13/2020 | 0.0213 | — | Monthly |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.0246 | — | Monthly |
| 2020 | 05/28/2020 | 05/29/2020 | 06/10/2020 | 0.0246 | — | Monthly |
| 2020 | 04/29/2020 | 04/30/2020 | 05/12/2020 | 0.0246 | — | Monthly |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0283 | — | Monthly |
| 2020 | 02/27/2020 | 02/28/2020 | 03/11/2020 | 0.0218 | — | Monthly |
| 2020 | 01/30/2020 | 01/31/2020 | 02/12/2020 | 0.0218 | — | Monthly |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0253 | — | Monthly |
| 2019 | 11/28/2019 | 11/29/2019 | 12/11/2019 | 0.0224 | — | Monthly |
| 2019 | 10/30/2019 | 10/31/2019 | 11/13/2019 | 0.0214 | — | Monthly |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.0209 | — | Monthly |
| 2019 | 08/29/2019 | 08/30/2019 | 09/12/2019 | 0.0209 | — | Monthly |
| 2019 | 07/30/2019 | 07/31/2019 | 08/13/2019 | 0.0209 | — | Monthly |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0216 | — | Monthly |
| 2019 | 05/30/2019 | 05/31/2019 | 06/12/2019 | 0.0216 | — | Monthly |
| 2019 | 04/29/2019 | 04/30/2019 | 05/10/2019 | 0.0216 | — | Monthly |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0221 | — | Monthly |
| 2019 | 02/27/2019 | 02/28/2019 | 03/12/2019 | 0.0221 | — | Monthly |
| 2019 | 01/30/2019 | 01/31/2019 | 02/12/2019 | 0.0221 | — | Monthly |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0205 | — | Monthly |
| 2018 | 11/29/2018 | 11/30/2018 | 12/12/2018 | 0.0205 | — | Monthly |
| 2018 | 10/30/2018 | 10/31/2018 | 11/13/2018 | 0.0205 | — | Monthly |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0188 | — | Monthly |
| 2018 | 08/30/2018 | 08/31/2018 | 09/13/2018 | 0.0188 | — | Monthly |
| 2018 | 07/30/2018 | 07/31/2018 | 08/13/2018 | 0.0188 | — | Monthly |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0192 | — | Monthly |
| 2018 | 05/30/2018 | 05/31/2018 | 06/12/2018 | 0.0192 | — | Monthly |
| 2018 | 04/27/2018 | 04/30/2018 | 05/10/2018 | 0.0192 | — | Monthly |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0191 | — | Monthly |
| 2018 | 02/27/2018 | 02/28/2018 | 03/12/2018 | 0.0191 | — | Monthly |
| 2018 | 01/30/2018 | 01/31/2018 | 02/12/2018 | 0.0191 | — | Monthly |
| 2017 | 12/28/2017 | 12/29/2017 | 01/11/2018 | 0.0194 | — | Monthly |
| 2017 | 11/29/2017 | 11/30/2017 | 12/12/2017 | 0.0194 | — | Monthly |
| 2017 | 10/30/2017 | 10/31/2017 | 11/10/2017 | 0.0194 | — | Monthly |
| 2017 | 09/28/2017 | 09/29/2017 | 10/12/2017 | 0.0169 | — | Monthly |
| 2017 | 08/29/2017 | 08/31/2017 | 09/13/2017 | 0.0169 | — | Monthly |
| 2017 | 07/27/2017 | 07/31/2017 | 08/11/2017 | 0.0169 | — | Monthly |
| 2017 | 06/28/2017 | 06/30/2017 | 07/13/2017 | 0.0169 | — | Monthly |
| 2017 | 05/29/2017 | 05/31/2017 | 06/12/2017 | 0.0169 | — | Monthly |
| 2017 | 04/25/2017 | 04/27/2017 | 05/09/2017 | 0.0169 | — | Monthly |
| 2017 | 03/29/2017 | 03/31/2017 | 04/12/2017 | 0.0178 | — | Monthly |
| 2017 | 02/24/2017 | 02/28/2017 | 03/10/2017 | 0.0178 | — | Monthly |
| 2017 | 01/27/2017 | 01/31/2017 | 02/10/2017 | 0.0178 | — | Monthly |
| 2016 | 12/28/2016 | 12/30/2016 | 01/12/2017 | 0.018 | — | Monthly |
| 2016 | 11/28/2016 | 11/30/2016 | 12/01/2016 | 0.0176 | — | Monthly |
| 2016 | 10/27/2016 | 10/31/2016 | 11/10/2016 | 0.0176 | — | Monthly |
| 2016 | 09/28/2016 | 09/30/2016 | 10/13/2016 | 0.017 | — | Monthly |
| 2016 | 08/29/2016 | 08/31/2016 | 09/13/2016 | 0.0176 | — | Monthly |
| 2016 | 07/27/2016 | 07/29/2016 | 08/11/2016 | 0.017 | — | Monthly |
| 2016 | 06/28/2016 | 06/30/2016 | 07/13/2016 | 0.0155 | — | Monthly |
| 2016 | 05/27/2016 | 05/31/2016 | 06/18/2016 | 0.0155 | — | Monthly |
| 2016 | 04/27/2016 | 04/29/2016 | 05/11/2016 | 0.0155 | — | Monthly |
| 2016 | 03/29/2016 | 03/31/2016 | 04/12/2016 | 0.0155 | — | Monthly |
| 2016 | 02/25/2016 | 02/29/2016 | 03/10/2016 | 0.0155 | — | Monthly |
| 2016 | 01/27/2016 | 01/29/2016 | 02/10/2016 | 0.0155 | — | Monthly |
| 2015 | 12/29/2015 | 12/31/2015 | 01/13/2016 | 0.0186 | — | Monthly |
| 2015 | 11/26/2015 | 11/30/2015 | 12/10/2015 | 0.0186 | — | Monthly |
| 2015 | 10/28/2015 | 10/31/2015 | 11/12/2015 | 0.0186 | — | Monthly |
| 2015 | 09/28/2015 | 09/30/2015 | 10/13/2015 | 0.0163 | — | Monthly |
| 2015 | 08/27/2015 | 08/31/2015 | 09/11/2015 | 0.0163 | — | Monthly |
| 2015 | 07/29/2015 | 07/31/2015 | 08/13/2015 | 0.0163 | — | Monthly |
| 2015 | 06/26/2015 | 06/30/2015 | 07/13/2015 | 0.017 | — | Monthly |
| 2015 | 05/27/2015 | 05/29/2015 | 06/10/2015 | 0.017 | — | Monthly |
| 2015 | 04/28/2015 | 04/30/2015 | 05/12/2015 | 0.017 | — | Monthly |
| 2015 | 03/27/2015 | 03/31/2015 | 04/13/2015 | 0.0187 | — | Monthly |
| 2015 | 02/25/2015 | 02/27/2015 | 03/11/2015 | 0.0187 | — | Monthly |
| 2015 | 01/28/2015 | 01/30/2015 | 02/11/2015 | 0.0187 | — | Monthly |
| 2014 | 12/29/2014 | 12/31/2014 | 01/13/2015 | 0.0181 | — | Monthly |
| 2014 | 11/26/2014 | 11/28/2014 | 12/10/2014 | 0.0177 | — | Monthly |
| 2014 | 10/29/2014 | 10/31/2014 | 11/12/2014 | 0.0177 | — | Monthly |
| 2014 | 09/26/2014 | 09/30/2014 | 10/10/2014 | 0.0185 | — | Monthly |
| 2014 | 08/27/2014 | 08/29/2014 | 09/11/2014 | 0.0185 | — | Monthly |
| 2014 | 07/29/2014 | 07/31/2014 | 08/13/2014 | 0.0185 | — | Monthly |
| 2014 | 06/26/2014 | 06/30/2014 | 07/11/2014 | 0.0185 | — | Monthly |
| 2014 | 05/28/2014 | 05/30/2014 | 06/11/2014 | 0.0185 | — | Monthly |
| 2014 | 04/28/2014 | 04/30/2014 | 05/12/2014 | 0.0185 | — | Monthly |
| 2014 | 03/27/2014 | 03/31/2014 | 04/10/2014 | 0.0181 | — | Monthly |
| 2014 | 02/26/2014 | 02/28/2014 | 03/10/2014 | 0.0181 | — | Monthly |
| 2014 | 01/29/2014 | 01/31/2014 | 02/12/2014 | 0.0181 | — | Monthly |
| 2013 | 12/27/2013 | 12/31/2013 | 01/13/2014 | 0.0202 | — | Monthly |
| 2013 | 11/27/2013 | 11/29/2013 | 12/11/2013 | 0.0202 | — | Monthly |
| 2013 | 10/29/2013 | 10/31/2013 | 11/12/2013 | 0.0202 | — | Monthly |
| 2013 | 09/26/2013 | 09/30/2013 | 10/10/2013 | 0.0204 | — | Monthly |
| 2013 | 08/28/2013 | 08/30/2013 | 09/12/2013 | 0.0204 | — | Monthly |
| 2013 | 07/29/2013 | 07/31/2013 | 08/13/2013 | 0.0204 | — | Monthly |
| 2013 | 06/26/2013 | 06/28/2013 | 07/11/2013 | 0.0206 | — | Monthly |
| 2013 | 05/29/2013 | 05/31/2013 | 06/12/2013 | 0.0206 | — | Monthly |
| 2013 | 04/26/2013 | 04/30/2013 | 05/10/2013 | 0.0206 | — | Monthly |
| 2013 | 03/26/2013 | 03/28/2013 | 04/10/2013 | 0.0213 | — | Monthly |
| 2013 | 02/26/2013 | 02/28/2013 | 03/12/2013 | 0.0213 | — | Monthly |
| 2013 | 01/29/2013 | 01/31/2013 | 02/12/2013 | 0.0213 | — | Monthly |
| 2012 | 12/27/2012 | 12/31/2012 | 01/11/2013 | 0.0194 | — | Monthly |
| 2012 | 11/28/2012 | 11/30/2012 | 12/12/2012 | 0.0194 | — | Monthly |
| 2012 | 10/29/2012 | 10/31/2012 | 11/09/2012 | 0.0194 | — | Monthly |
| 2012 | 09/26/2012 | 09/28/2012 | 10/11/2012 | 0.0216 | — | Monthly |
| 2012 | 08/29/2012 | 08/31/2012 | 09/13/2012 | 0.0216 | — | Monthly |
| 2012 | 07/27/2012 | 07/31/2012 | 08/13/2012 | 0.0216 | — | Monthly |
| 2012 | 06/27/2012 | 06/29/2012 | 07/12/2012 | 0.0195 | — | Monthly |
| 2012 | 05/29/2012 | 05/31/2012 | 06/12/2012 | 0.0195 | — | Monthly |
| 2012 | 04/26/2012 | 04/30/2012 | 05/10/2012 | 0.0195 | — | Monthly |
| 2012 | 03/28/2012 | 03/30/2012 | 04/12/2012 | 0.0212 | — | Monthly |
| 2012 | 02/27/2012 | 02/29/2012 | 03/12/2012 | 0.0212 | — | Monthly |
| 2012 | 01/27/2012 | 01/31/2012 | 02/10/2012 | 0.0212 | — | Monthly |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0226 | — | Monthly |
| 2011 | 11/28/2011 | 11/30/2011 | 12/12/2011 | 0.0226 | — | Monthly |
| 2011 | 10/27/2011 | 10/31/2011 | 11/10/2011 | 0.0226 | — | Monthly |
| 2011 | 09/28/2011 | 09/30/2011 | 10/13/2011 | 0.0208 | — | Monthly |
| 2011 | 08/29/2011 | 08/31/2011 | 09/13/2011 | 0.0208 | — | Monthly |
| 2011 | 07/27/2011 | 07/29/2011 | 08/11/2011 | 0.0208 | — | Monthly |
| 2011 | 06/27/2011 | 06/29/2011 | 07/12/2011 | 0.0215 | — | Monthly |
| 2011 | 05/27/2011 | 05/31/2011 | 06/10/2011 | 0.0215 | — | Monthly |
| 2011 | 04/27/2011 | 04/29/2011 | 05/11/2011 | 0.0215 | — | Monthly |
| 2011 | 03/29/2011 | 03/31/2011 | 04/12/2011 | 0.0216 | — | Monthly |
| 2011 | 02/24/2011 | 02/28/2011 | 03/10/2011 | 0.0216 | — | Monthly |
| 2011 | 01/27/2011 | 01/31/2011 | 02/10/2011 | 0.0345 | — | Monthly |
Sector Allocation
As at March 28, 2024| Financials | 64.14% |
| Energy | 9.82% |
| Real Estate | 9.56% |
| Communication | 6.28% |
| Industrial Services | 3.81% |
| Cash & Equivalents | 3.07% |
| Securitization | 2.23% |
| Infrastructure | 0.94% |
| Provincial | 0.16% |
Credit Ratings
As at March 28, 2024| AAA | 2.34% |
| AA | 0.46% |
| A+ | 1.34% |
| A | 16.31% |
| A- | 24.41% |
| BBB+ | 24.94% |
| BBB | 12.70% |
| BBB- | 12.63% |
| BB+ | 2.25% |
| BB | 1.93% |
| BB- | 0.41% |
| Unrated | 0.27% |
Top 10 Holdings
As at March 31, 2024| Security Name | Weight |
|---|---|
| IRS R CDOR03M P 3.235 5.38% 05-Aug-2027 | 3.83% |
| IRS R CDOR03M P 3.21 5.36% 12-Aug-2029 | 2.55% |
| Federation Csses Desjardins Qc 2.86% 26-May-2025 | 2.51% |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 2.01% |
| Transcanada Pipelines Ltd 3.80% 05-Feb-2027 | 1.79% |
| Bank of Nova Scotia 1.85% 02-Nov-2026 | 1.58% |
| Rogers Communications Inc 3.65% 31-Jan-2027 | 1.49% |
| Manulife Financial Corp 4.06% 24-Feb-2027 | 1.47% |
| Wells Fargo & Co 3.87% 21-May-2025 | 1.45% |
| National Bank of Canada 5.22% 14-Jun-2028 | 1.30% |
Education
Regulatory and Legal
At a Glance
Investment Objective
HFR seeks to generate income that is consistent with prevailing Canadian short term corporate bond yields while reducing the potential effects of Canadian interest rate fluctuations on HFR. HFR invests primarily in a portfolio of Canadian debt (including debt-like securities) directly, and hedges the portfolio’s interest rate risk by maintaining a portfolio duration that is not more than one year. HFR may also invest directly in debt of U.S. companies, as well as indirectly through investments in securities of Listed Funds. HFR uses derivatives, including interest rate swaps, to deliver a floating rate of income
Product Facts
Fund Details
Ticker
HFR
Inception Date
December 10, 2010
Net Assets ?
$395,776,636
As at April 17, 2024
Consolidated Prior Day Volume ?
323 431
ForApril 17, 2024
Average Daily Trading Volume Over a 12 Month Period ?
197,634
As at April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.40%
(Plus applicable sales taxes)
Management Expense Ratio ?
0.47%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300D74BMB1ZVQF977
Distribution Metrics
As at April 17, 2024
Most Recent Distributions Per Unit
0.042
Annualized Distribution Yield ?
5.09 %
As at April 17, 2024
12-Month Trailing Yield ?
6.02 %
Distribution Frequency
Monthly
Record Date
March 28, 2024
Portfolio Investment Metrics
As at March 28, 2024
Weighted Average Duration ?
0.93
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.43
Weighted Average Yield to Maturity ?
5.66%
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 Active Ultra-Short Term Investment Grade Bond ETF | 0.55 | 1.80 | 4.59 | 1.80 | 7.56 | 3.03 | 3.07 | 2.45 | 2.60 |
**Fund performance since inception on December 10, 2010, as at March 31, 2024
Calendar Year Performance (%)
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Active Ultra-Short Term Investment Grade Bond ETF | 2.83 | 2.35 | 0.93 | 4.29 | 3.40 | 0.83 | -0.55 | 7.41 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2024 | 03/27/2024 | 03/28/2024 | 04/05/2024 | 0.042 | Monthly | |
| 2024 | 02/28/2024 | 02/29/2024 | 03/07/2024 | 0.042 | Monthly | |
| 2024 | 01/30/2024 | 01/31/2024 | 02/07/2024 | 0.042 | Monthly | |
| 2023 | 12/28/2023 | 12/29/2023 | 01/08/2024 | 0.0475 | Monthly | |
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.0475 | Monthly | |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.048 | Monthly | |
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.049 | Monthly | |
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.049 | Monthly | |
| 2023 | 07/28/2023 | 07/31/2023 | 08/08/2023 | 0.049 | Monthly | |
| 2023 | 06/29/2023 | 06/30/2023 | 07/10/2023 | 0.04468 | Monthly | |
| 2023 | 05/30/2023 | 05/31/2023 | 06/07/2023 | 0.04468 | Monthly | |
| 2023 | 04/27/2023 | 04/28/2023 | 05/05/2023 | 0.04468 | Monthly | |
| 2023 | 03/30/2023 | 03/31/2023 | 04/10/2023 | 0.04498 | Monthly | |
| 2023 | 02/27/2023 | 02/28/2023 | 03/07/2023 | 0.04498 | Monthly | |
| 2023 | 01/30/2023 | 01/31/2023 | 02/10/2023 | 0.04498 | Monthly | |
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.04229 | Monthly | |
| 2022 | 11/29/2022 | 11/30/2022 | 12/12/2022 | 0.04229 | Monthly | |
| 2022 | 10/28/2022 | 10/31/2022 | 11/10/2022 | 0.04229 | Monthly | |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.04229 | Monthly | |
| 2022 | 08/30/2022 | 08/31/2022 | 09/13/2022 | 0.03628 | Monthly | |
| 2022 | 07/28/2022 | 07/29/2022 | 08/11/2022 | 0.02655 | Monthly | |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.01975 | Monthly | |
| 2022 | 05/30/2022 | 05/31/2022 | 06/10/2022 | 0.01975 | Monthly | |
| 2022 | 04/28/2022 | 04/29/2022 | 05/11/2022 | 0.01975 | Monthly | |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.01363 | Monthly | |
| 2022 | 02/25/2022 | 02/28/2022 | 03/10/2022 | 0.01163 | Monthly | |
| 2022 | 01/28/2022 | 01/31/2022 | 02/10/2022 | 0.01163 | Monthly | |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.01239 | Monthly | |
| 2021 | 11/29/2021 | 11/30/2021 | 12/10/2021 | 0.00923 | Monthly | |
| 2021 | 10/28/2021 | 10/29/2021 | 11/10/2021 | 0.00923 | Monthly | |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.00945 | Monthly | |
| 2021 | 08/30/2021 | 08/31/2021 | 09/13/2021 | 0.00945 | Monthly | |
| 2021 | 07/29/2021 | 07/30/2021 | 08/12/2021 | 0.00945 | Monthly | |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.0097 | Monthly | |
| 2021 | 05/28/2021 | 05/31/2021 | 06/10/2021 | 0.0097 | Monthly | |
| 2021 | 04/29/2021 | 04/30/2021 | 05/12/2021 | 0.0097 | Monthly | |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0101 | Monthly | |
| 2021 | 02/25/2021 | 02/26/2021 | 03/10/2021 | 0.0109 | Monthly | |
| 2021 | 01/28/2021 | 01/29/2021 | 02/10/2021 | 0.021 | Monthly | |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.021 | Monthly | |
| 2020 | 11/27/2020 | 11/30/2020 | 12/10/2020 | 0.021 | Monthly | |
| 2020 | 10/29/2020 | 10/30/2020 | 11/12/2020 | 0.021 | Monthly | |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0213 | Monthly | |
| 2020 | 08/28/2020 | 08/31/2020 | 09/11/2020 | 0.0213 | Monthly | |
| 2020 | 07/30/2020 | 07/31/2020 | 08/13/2020 | 0.0213 | Monthly | |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.0246 | Monthly | |
| 2020 | 05/28/2020 | 05/29/2020 | 06/10/2020 | 0.0246 | Monthly | |
| 2020 | 04/29/2020 | 04/30/2020 | 05/12/2020 | 0.0246 | Monthly | |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0283 | Monthly | |
| 2020 | 02/27/2020 | 02/28/2020 | 03/11/2020 | 0.0218 | Monthly | |
| 2020 | 01/30/2020 | 01/31/2020 | 02/12/2020 | 0.0218 | Monthly | |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0253 | Monthly | |
| 2019 | 11/28/2019 | 11/29/2019 | 12/11/2019 | 0.0224 | Monthly | |
| 2019 | 10/30/2019 | 10/31/2019 | 11/13/2019 | 0.0214 | Monthly | |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.0209 | Monthly | |
| 2019 | 08/29/2019 | 08/30/2019 | 09/12/2019 | 0.0209 | Monthly | |
| 2019 | 07/30/2019 | 07/31/2019 | 08/13/2019 | 0.0209 | Monthly | |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0216 | Monthly | |
| 2019 | 05/30/2019 | 05/31/2019 | 06/12/2019 | 0.0216 | Monthly | |
| 2019 | 04/29/2019 | 04/30/2019 | 05/10/2019 | 0.0216 | Monthly | |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0221 | Monthly | |
| 2019 | 02/27/2019 | 02/28/2019 | 03/12/2019 | 0.0221 | Monthly | |
| 2019 | 01/30/2019 | 01/31/2019 | 02/12/2019 | 0.0221 | Monthly | |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0205 | Monthly | |
| 2018 | 11/29/2018 | 11/30/2018 | 12/12/2018 | 0.0205 | Monthly | |
| 2018 | 10/30/2018 | 10/31/2018 | 11/13/2018 | 0.0205 | Monthly | |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0188 | Monthly | |
| 2018 | 08/30/2018 | 08/31/2018 | 09/13/2018 | 0.0188 | Monthly | |
| 2018 | 07/30/2018 | 07/31/2018 | 08/13/2018 | 0.0188 | Monthly | |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0192 | Monthly | |
| 2018 | 05/30/2018 | 05/31/2018 | 06/12/2018 | 0.0192 | Monthly | |
| 2018 | 04/27/2018 | 04/30/2018 | 05/10/2018 | 0.0192 | Monthly | |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0191 | Monthly | |
| 2018 | 02/27/2018 | 02/28/2018 | 03/12/2018 | 0.0191 | Monthly | |
| 2018 | 01/30/2018 | 01/31/2018 | 02/12/2018 | 0.0191 | Monthly | |
| 2017 | 12/28/2017 | 12/29/2017 | 01/11/2018 | 0.0194 | Monthly | |
| 2017 | 11/29/2017 | 11/30/2017 | 12/12/2017 | 0.0194 | Monthly | |
| 2017 | 10/30/2017 | 10/31/2017 | 11/10/2017 | 0.0194 | Monthly | |
| 2017 | 09/28/2017 | 09/29/2017 | 10/12/2017 | 0.0169 | Monthly | |
| 2017 | 08/29/2017 | 08/31/2017 | 09/13/2017 | 0.0169 | Monthly | |
| 2017 | 07/27/2017 | 07/31/2017 | 08/11/2017 | 0.0169 | Monthly | |
| 2017 | 06/28/2017 | 06/30/2017 | 07/13/2017 | 0.0169 | Monthly | |
| 2017 | 05/29/2017 | 05/31/2017 | 06/12/2017 | 0.0169 | Monthly | |
| 2017 | 04/25/2017 | 04/27/2017 | 05/09/2017 | 0.0169 | Monthly | |
| 2017 | 03/29/2017 | 03/31/2017 | 04/12/2017 | 0.0178 | Monthly | |
| 2017 | 02/24/2017 | 02/28/2017 | 03/10/2017 | 0.0178 | Monthly | |
| 2017 | 01/27/2017 | 01/31/2017 | 02/10/2017 | 0.0178 | Monthly | |
| 2016 | 12/28/2016 | 12/30/2016 | 01/12/2017 | 0.018 | Monthly | |
| 2016 | 11/28/2016 | 11/30/2016 | 12/01/2016 | 0.0176 | Monthly | |
| 2016 | 10/27/2016 | 10/31/2016 | 11/10/2016 | 0.0176 | Monthly | |
| 2016 | 09/28/2016 | 09/30/2016 | 10/13/2016 | 0.017 | Monthly | |
| 2016 | 08/29/2016 | 08/31/2016 | 09/13/2016 | 0.0176 | Monthly | |
| 2016 | 07/27/2016 | 07/29/2016 | 08/11/2016 | 0.017 | Monthly | |
| 2016 | 06/28/2016 | 06/30/2016 | 07/13/2016 | 0.0155 | Monthly | |
| 2016 | 05/27/2016 | 05/31/2016 | 06/18/2016 | 0.0155 | Monthly | |
| 2016 | 04/27/2016 | 04/29/2016 | 05/11/2016 | 0.0155 | Monthly | |
| 2016 | 03/29/2016 | 03/31/2016 | 04/12/2016 | 0.0155 | Monthly | |
| 2016 | 02/25/2016 | 02/29/2016 | 03/10/2016 | 0.0155 | Monthly | |
| 2016 | 01/27/2016 | 01/29/2016 | 02/10/2016 | 0.0155 | Monthly | |
| 2015 | 12/29/2015 | 12/31/2015 | 01/13/2016 | 0.0186 | Monthly | |
| 2015 | 11/26/2015 | 11/30/2015 | 12/10/2015 | 0.0186 | Monthly | |
| 2015 | 10/28/2015 | 10/31/2015 | 11/12/2015 | 0.0186 | Monthly | |
| 2015 | 09/28/2015 | 09/30/2015 | 10/13/2015 | 0.0163 | Monthly | |
| 2015 | 08/27/2015 | 08/31/2015 | 09/11/2015 | 0.0163 | Monthly | |
| 2015 | 07/29/2015 | 07/31/2015 | 08/13/2015 | 0.0163 | Monthly | |
| 2015 | 06/26/2015 | 06/30/2015 | 07/13/2015 | 0.017 | Monthly | |
| 2015 | 05/27/2015 | 05/29/2015 | 06/10/2015 | 0.017 | Monthly | |
| 2015 | 04/28/2015 | 04/30/2015 | 05/12/2015 | 0.017 | Monthly | |
| 2015 | 03/27/2015 | 03/31/2015 | 04/13/2015 | 0.0187 | Monthly | |
| 2015 | 02/25/2015 | 02/27/2015 | 03/11/2015 | 0.0187 | Monthly | |
| 2015 | 01/28/2015 | 01/30/2015 | 02/11/2015 | 0.0187 | Monthly | |
| 2014 | 12/29/2014 | 12/31/2014 | 01/13/2015 | 0.0181 | Monthly | |
| 2014 | 11/26/2014 | 11/28/2014 | 12/10/2014 | 0.0177 | Monthly | |
| 2014 | 10/29/2014 | 10/31/2014 | 11/12/2014 | 0.0177 | Monthly | |
| 2014 | 09/26/2014 | 09/30/2014 | 10/10/2014 | 0.0185 | Monthly | |
| 2014 | 08/27/2014 | 08/29/2014 | 09/11/2014 | 0.0185 | Monthly | |
| 2014 | 07/29/2014 | 07/31/2014 | 08/13/2014 | 0.0185 | Monthly | |
| 2014 | 06/26/2014 | 06/30/2014 | 07/11/2014 | 0.0185 | Monthly | |
| 2014 | 05/28/2014 | 05/30/2014 | 06/11/2014 | 0.0185 | Monthly | |
| 2014 | 04/28/2014 | 04/30/2014 | 05/12/2014 | 0.0185 | Monthly | |
| 2014 | 03/27/2014 | 03/31/2014 | 04/10/2014 | 0.0181 | Monthly | |
| 2014 | 02/26/2014 | 02/28/2014 | 03/10/2014 | 0.0181 | Monthly | |
| 2014 | 01/29/2014 | 01/31/2014 | 02/12/2014 | 0.0181 | Monthly | |
| 2013 | 12/27/2013 | 12/31/2013 | 01/13/2014 | 0.0202 | Monthly | |
| 2013 | 11/27/2013 | 11/29/2013 | 12/11/2013 | 0.0202 | Monthly | |
| 2013 | 10/29/2013 | 10/31/2013 | 11/12/2013 | 0.0202 | Monthly | |
| 2013 | 09/26/2013 | 09/30/2013 | 10/10/2013 | 0.0204 | Monthly | |
| 2013 | 08/28/2013 | 08/30/2013 | 09/12/2013 | 0.0204 | Monthly | |
| 2013 | 07/29/2013 | 07/31/2013 | 08/13/2013 | 0.0204 | Monthly | |
| 2013 | 06/26/2013 | 06/28/2013 | 07/11/2013 | 0.0206 | Monthly | |
| 2013 | 05/29/2013 | 05/31/2013 | 06/12/2013 | 0.0206 | Monthly | |
| 2013 | 04/26/2013 | 04/30/2013 | 05/10/2013 | 0.0206 | Monthly | |
| 2013 | 03/26/2013 | 03/28/2013 | 04/10/2013 | 0.0213 | Monthly | |
| 2013 | 02/26/2013 | 02/28/2013 | 03/12/2013 | 0.0213 | Monthly | |
| 2013 | 01/29/2013 | 01/31/2013 | 02/12/2013 | 0.0213 | Monthly | |
| 2012 | 12/27/2012 | 12/31/2012 | 01/11/2013 | 0.0194 | Monthly | |
| 2012 | 11/28/2012 | 11/30/2012 | 12/12/2012 | 0.0194 | Monthly | |
| 2012 | 10/29/2012 | 10/31/2012 | 11/09/2012 | 0.0194 | Monthly | |
| 2012 | 09/26/2012 | 09/28/2012 | 10/11/2012 | 0.0216 | Monthly | |
| 2012 | 08/29/2012 | 08/31/2012 | 09/13/2012 | 0.0216 | Monthly | |
| 2012 | 07/27/2012 | 07/31/2012 | 08/13/2012 | 0.0216 | Monthly | |
| 2012 | 06/27/2012 | 06/29/2012 | 07/12/2012 | 0.0195 | Monthly | |
| 2012 | 05/29/2012 | 05/31/2012 | 06/12/2012 | 0.0195 | Monthly | |
| 2012 | 04/26/2012 | 04/30/2012 | 05/10/2012 | 0.0195 | Monthly | |
| 2012 | 03/28/2012 | 03/30/2012 | 04/12/2012 | 0.0212 | Monthly | |
| 2012 | 02/27/2012 | 02/29/2012 | 03/12/2012 | 0.0212 | Monthly | |
| 2012 | 01/27/2012 | 01/31/2012 | 02/10/2012 | 0.0212 | Monthly | |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0226 | Monthly | |
| 2011 | 11/28/2011 | 11/30/2011 | 12/12/2011 | 0.0226 | Monthly | |
| 2011 | 10/27/2011 | 10/31/2011 | 11/10/2011 | 0.0226 | Monthly | |
| 2011 | 09/28/2011 | 09/30/2011 | 10/13/2011 | 0.0208 | Monthly | |
| 2011 | 08/29/2011 | 08/31/2011 | 09/13/2011 | 0.0208 | Monthly | |
| 2011 | 07/27/2011 | 07/29/2011 | 08/11/2011 | 0.0208 | Monthly | |
| 2011 | 06/27/2011 | 06/29/2011 | 07/12/2011 | 0.0215 | Monthly | |
| 2011 | 05/27/2011 | 05/31/2011 | 06/10/2011 | 0.0215 | Monthly | |
| 2011 | 04/27/2011 | 04/29/2011 | 05/11/2011 | 0.0215 | Monthly | |
| 2011 | 03/29/2011 | 03/31/2011 | 04/12/2011 | 0.0216 | Monthly | |
| 2011 | 02/24/2011 | 02/28/2011 | 03/10/2011 | 0.0216 | Monthly | |
| 2011 | 01/27/2011 | 01/31/2011 | 02/10/2011 | 0.0345 | Monthly |
Holdings
Sector Allocation
As at March 28, 2024| Financials | 64.14% |
| Energy | 9.82% |
| Real Estate | 9.56% |
| Communication | 6.28% |
| Industrial Services | 3.81% |
| Cash & Equivalents | 3.07% |
| Securitization | 2.23% |
| Infrastructure | 0.94% |
| Provincial | 0.16% |
Credit Ratings
As at March 28, 2024| AAA | 2.34% |
| AA | 0.46% |
| A+ | 1.34% |
| A | 16.31% |
| A- | 24.41% |
| BBB+ | 24.94% |
| BBB | 12.70% |
| BBB- | 12.63% |
| BB+ | 2.25% |
| BB | 1.93% |
| BB- | 0.41% |
| Unrated | 0.27% |
Top 10 Holdings
As at March 31, 2024| Security Name | Weight |
|---|---|
| IRS R CDOR03M P 3.235 5.38% 05-Aug-2027 | 3.83% |
| IRS R CDOR03M P 3.21 5.36% 12-Aug-2029 | 2.55% |
| Federation Csses Desjardins Qc 2.86% 26-May-2025 | 2.51% |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 2.01% |
| Transcanada Pipelines Ltd 3.80% 05-Feb-2027 | 1.79% |
| Bank of Nova Scotia 1.85% 02-Nov-2026 | 1.58% |
| Rogers Communications Inc 3.65% 31-Jan-2027 | 1.49% |
| Manulife Financial Corp 4.06% 24-Feb-2027 | 1.47% |
| Wells Fargo & Co 3.87% 21-May-2025 | 1.45% |
| National Bank of Canada 5.22% 14-Jun-2028 | 1.30% |
Documents
