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CASH

Horizons High Interest Savings ETF

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$50.17
$0.01
0.01%
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$50.1440
$0.0058
0.01%

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Fixed Income

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QQCC

Horizons NASDAQ-100 Covered Call ETF

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$0.07
0.72%
NAV
$9.7762
$-0.0039
-0.04%

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Covered Call

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HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.15
$-0.02
-0.18%
NAV
$11.2056
$-0.0234
-0.21%

Active

Corporate Class – Alternative

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HRED

BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF

Daily Inverse Leveraged Exposure to the Solactive Equal Weight Canada REIT Index

For investors who are willing to take on additional risk to seek out potentially greater short-term returns than traditional investment strategies, Horizons ETFs offers its family of BetaPro ETFs, which includes daily inverse leveraged (up to -2x) exposure to different equity and commodity indices.
 

Key Features

• The Only -2x Leveraged Canadian REIT ETF: HRED provides investors with – 2x the exposure to the Canadian REIT sector as measured by the Underlying Index
• No Margin: Investors do not need a margin account to take an inverse position on Canadian REITs. As a result, the risk of HRED is limited to the capital invested. By directly shorting a stock, investors can take on risk that exceeds 100% of the initial investment
• ETF Liquidity: HRED can be bought and sold on the Toronto Stock Exchange throughout the normal trading day, using a brokerage account
• Diversification: Achieve inverse exposure to the Canadian REIT sector as represented by the Underlying Index, reducing the volatility of taking on short exposure to a single stock
• Used as a Hedge: HRED could also be used by investors with a long position in the Canadian REIT sector to hedge out daily or short-term market risk on their holdings

Investment Objective

HRED seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two-times (200%) the inverse (opposite) of the daily performance of the Solactive Equal Weight Canada REIT Index (the “Underlying Index”). HRED does not seek to achieve its stated investment objective over a period of time greater than one day.

The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% or – 200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.

Fund Details

Ticker
HRED
Inception Date
September 01, 2021
Net Assets ?
$9,584,560
As at  November 18, 2022
Consolidated Prior Day Volume ?
329
For  November 25, 2022
Average Daily Trading Volume Over a 12 Month Period ?
1,711
As at  November 25, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCREW
Management Fee
1.15%
(Plus applicable sales tax)
Management Expense Ratio ?
1.64%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300HK4BQGR41U1667
NAV / Unit
$14.2441
Price
$14.38
Premium Discount
$0.14
Premium Discount Percentage
0.95%
Outstanding Shares
640,000

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**
BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF -5.50 22.82 41.04 49.11 41.16 -- -- -- 28.78

**Fund performance since inception on September 01, 2021, as at October 31, 2022

Calendar Year Performance (%) *

Calendar year performance data is not currently available.

Distributions

Distribution data is not currently available.

Top 10 Holdings

As at October 31, 2022
Security Name Weight
First Capital REIT - Units 4.82%
Primaris Real Estate Investment Trst Sr A 4.81%
Slate Grocery REIT - Units Cl U 4.71%
Boardwalk REIT - Units 4.70%
Crombie REIT - Units 4.54%
RioCan REIT - Units 4.52%
Choice Properties REIT - Units 4.50%
SmartCentres REIT - Units 4.50%
CT REIT - Units 4.45%
Summit Industrial Income REIT - Units 4.45%
At a Glance

Daily Inverse Leveraged Exposure to the Solactive Equal Weight Canada REIT Index

For investors who are willing to take on additional risk to seek out potentially greater short-term returns than traditional investment strategies, Horizons ETFs offers its family of BetaPro ETFs, which includes daily inverse leveraged (up to -2x) exposure to different equity and commodity indices.
 

Key Features

• The Only -2x Leveraged Canadian REIT ETF: HRED provides investors with – 2x the exposure to the Canadian REIT sector as measured by the Underlying Index
• No Margin: Investors do not need a margin account to take an inverse position on Canadian REITs. As a result, the risk of HRED is limited to the capital invested. By directly shorting a stock, investors can take on risk that exceeds 100% of the initial investment
• ETF Liquidity: HRED can be bought and sold on the Toronto Stock Exchange throughout the normal trading day, using a brokerage account
• Diversification: Achieve inverse exposure to the Canadian REIT sector as represented by the Underlying Index, reducing the volatility of taking on short exposure to a single stock
• Used as a Hedge: HRED could also be used by investors with a long position in the Canadian REIT sector to hedge out daily or short-term market risk on their holdings

Product Facts

Investment Objective

HRED seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two-times (200%) the inverse (opposite) of the daily performance of the Solactive Equal Weight Canada REIT Index (the “Underlying Index”). HRED does not seek to achieve its stated investment objective over a period of time greater than one day.

The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% or – 200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.

Fund Details

Ticker
HRED
Inception Date
September 01, 2021
Net Assets ?
$9,584,560
As at November 18, 2022
Consolidated Prior Day Volume ?
329
For November 25, 2022
Average Daily Trading Volume Over a 12 Month Period ?
1,711
As at November 25, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCREW
Management Fee
1.15%
(Plus applicable sales tax)
Management Expense Ratio ?
1.64%
 As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300HK4BQGR41U1667
NAV / Unit
$14.2441
Price
$14.38
Premium Discount
$0.14
Premium Discount Percentage
0.95%
Outstanding Shares
640,000

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**
BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF -5.50 22.82 41.04 49.11 41.16 -- -- -- 28.78

**Fund performance since inception on September 01, 2021, as at October 31, 2022

Calendar Year Performance (%)

Calendar year performance data is not currently available.

Distributions

Distribution data is not currently available.

Holdings

Top 10 Holdings

As at October 31, 2022
Security Name Weight
First Capital REIT - Units 4.82%
Primaris Real Estate Investment Trst Sr A 4.81%
Slate Grocery REIT - Units Cl U 4.71%
Boardwalk REIT - Units 4.70%
Crombie REIT - Units 4.54%
RioCan REIT - Units 4.52%
Choice Properties REIT - Units 4.50%
SmartCentres REIT - Units 4.50%
CT REIT - Units 4.45%
Summit Industrial Income REIT - Units 4.45%

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!