CARB
Canada's First Carbon Credits ETF
One of the most interesting investment asset classes in the last decade are carbon credits. Carbon credits can provide unique exposure to an asset class that historically has low correlation to equity markets and is designed explicitly as a financial tool to help reduce global carbon emissions. The Horizons Carbon Credits ETF, which trades on the Toronto Stock Exchange under the ticker CARB, will give investors exposure to this asset class in one ETF that will invest in carbon credit futures of developed markets that offer them.
Key Features
• Carbon Credit Exposure: Canada’s first ETF that provides exposure to carbon credits through futures contracts or derivative instruments
• Growing Global Demand: Carbon credits can potentially benefit from increased demand to meet carbon credit allowances
Investment Objective
CARB seeks to replicate, to the extent possible and net of expenses, the performance of an index that seeks to provide exposure to investments in cap-and-trade carbon allowances. Currently, the ETF seeks to replicate the performance of the Horizons Carbon Credits Rolling Futures Index (Excess Return), net of expenses.
CARB seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times. As a result, the returns of the ETF are expected to differ from those of the of its Underlying Index, which does not include currency hedging.
Fund Details
Ticker
CARB
Inception Date
February 09, 2022
Net Assets ?
$7,060,378
As at November 30, 2022
Consolidated Prior Day Volume ?
2,034
For November 30, 2022
Average Daily Trading Volume Over a 12 Month Period ?
6,660
As at November 30, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
CARBCNER
Management Fee
0.75%
(Plus applicable sales tax)
Management Expense Ratio ?
0.92%
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 ?
5493004SG3VLAEU88P83
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 (%) *
Calendar year performance data is not currently available.
Distributions
Distribution data is not currently available.
Education
Regulatory and Legal
At a Glance
Canada's First Carbon Credits ETF
One of the most interesting investment asset classes in the last decade are carbon credits. Carbon credits can provide unique exposure to an asset class that historically has low correlation to equity markets and is designed explicitly as a financial tool to help reduce global carbon emissions. The Horizons Carbon Credits ETF, which trades on the Toronto Stock Exchange under the ticker CARB, will give investors exposure to this asset class in one ETF that will invest in carbon credit futures of developed markets that offer them.
Key Features
• Carbon Credit Exposure: Canada’s first ETF that provides exposure to carbon credits through futures contracts or derivative instruments
• Growing Global Demand: Carbon credits can potentially benefit from increased demand to meet carbon credit allowances
Product Facts
Investment Objective
CARB seeks to replicate, to the extent possible and net of expenses, the performance of an index that seeks to provide exposure to investments in cap-and-trade carbon allowances. Currently, the ETF seeks to replicate the performance of the Horizons Carbon Credits Rolling Futures Index (Excess Return), net of expenses.
CARB seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times. As a result, the returns of the ETF are expected to differ from those of the of its Underlying Index, which does not include currency hedging.
Fund Details
Ticker
CARB
Inception Date
February 09, 2022
Net Assets ?
$7,060,378
As at November 30, 2022
Consolidated Prior Day Volume ?
2,034
For November 30, 2022
Average Daily Trading Volume Over a 12 Month Period ?
6,660
As at November 30, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
CARBCNER
Management Fee
0.75%
(Plus applicable sales tax)
Management Expense Ratio ?
0.92%
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 ?
5493004SG3VLAEU88P83
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
Holdings
Documents
