DLR.U
Investing in the Direction of the U.S. Dollar
The relative value of the U.S. dollar to the Canadian dollar is an important consideration for Canadian investors. Many goods and services that Canadians use are in fact sourced in U.S. dollars. Horizons US Dollar Currency ETF (DLR) offers a unique opportunity for investors to capture the positive performance of the U.S. dollar versus the Canadian dollar.
Key Features
• The first U.S. dollar currency ETF in Canada. DLR allows investors to get exposure to the direction of the U.S. dollar versus the Canadian dollar
• None of the additional fees or margin requirements associated with trading currencies directly
• Institutional foreign exchange rate. Ability to transfer DLR units into DLR.U and therefore transact in U.S. dollars, essentially enabling a cost-efficient conversion from U.S. dollars to Canadian dollars (and vice versa)
• Liquidity. Trades intra-day on the Toronto Stock Exchange
Investment Objective
DLR seeks to reflect the reference value in Canadian dollars (in respect of the Cdn$ Units) and U.S. dollars (in respect of the US$ Units) of the U.S. dollar, net of expenses, by investing primarily in cash and Cash Equivalents that are denominated in the U.S. dollar.
Fund Details
Ticker
DLR.U
Inception Date
May 11, 2011
Net Assets ?
$93,475,184
As at September 23, 2022
Consolidated Prior Day Volume ?
1,791,692
For September 23, 2022
Average Daily Trading Volume Over a 12 Month Period ?
1,229,150
As at September 23, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
USDCAD
Management Fee
0.45%
(Plus applicable sales tax)
Management Expense Ratio ?
0.73%
As at June 30, 2022
Currency
USD
Currency Hedging
N/A
LEI ?
54930053AMV2UOW8OZ88
Distribution Metrics
Most Recent Distributions Per Unit
0.05492
12-Month Trailing Yield ?
-- %
Distribution Frequency
Quarterly
Record Date
December 31, 2019
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 US Dollar Currency ETF | 0.16 | 0.34 | 0.34 | 0.28 | 0.16 | 0.01 | 0.44 | 0.03 | -0.04 |
**Fund performance since inception on May 11, 2011, as at August 31, 2022
Calendar Year Performance (%) *
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons US Dollar Currency ETF |
-0.56 | -0.41 | -0.17 | 0.02 | 1.06 | 1.30 | -0.15 | -0.34 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.05492 | Quarterly |
Education
Regulatory and Legal
Financial Reports
At a Glance
Investing in the Direction of the U.S. Dollar
The relative value of the U.S. dollar to the Canadian dollar is an important consideration for Canadian investors. Many goods and services that Canadians use are in fact sourced in U.S. dollars. Horizons US Dollar Currency ETF (DLR) offers a unique opportunity for investors to capture the positive performance of the U.S. dollar versus the Canadian dollar.
Key Features
• The first U.S. dollar currency ETF in Canada. DLR allows investors to get exposure to the direction of the U.S. dollar versus the Canadian dollar
• None of the additional fees or margin requirements associated with trading currencies directly
• Institutional foreign exchange rate. Ability to transfer DLR units into DLR.U and therefore transact in U.S. dollars, essentially enabling a cost-efficient conversion from U.S. dollars to Canadian dollars (and vice versa)
• Liquidity. Trades intra-day on the Toronto Stock Exchange
Product Facts
Investment Objective
DLR seeks to reflect the reference value in Canadian dollars (in respect of the Cdn$ Units) and U.S. dollars (in respect of the US$ Units) of the U.S. dollar, net of expenses, by investing primarily in cash and Cash Equivalents that are denominated in the U.S. dollar.
Fund Details
Ticker
DLR.U
Inception Date
May 11, 2011
Net Assets ?
$93,475,184
As at September 23, 2022
Consolidated Prior Day Volume ?
1,791,692
For September 23, 2022
Average Daily Trading Volume Over a 12 Month Period ?
1,229,150
As at September 23, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
USDCAD
Management Fee
0.45%
(Plus applicable sales tax)
Management Expense Ratio ?
0.73%
As at June 30, 2022
Currency
USD
Currency Hedging
N/A
LEI ?
54930053AMV2UOW8OZ88
Distribution Metrics
Most Recent Distributions Per Unit
0.05492
Estimated Annualized Yield ?
--%
12-Month Trailing Yield ?
--%
Distribution Frequency
Quarterly
Record Date
December 31, 2019
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 US Dollar Currency ETF | 0.16 | 0.34 | 0.34 | 0.28 | 0.16 | 0.01 | 0.44 | 0.03 | -0.04 |
**Fund performance since inception on May 11, 2011, as at August 31, 2022
Calendar Year Performance (%)
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| Horizons US Dollar Currency ETF | -0.56 | -0.41 | -0.17 | 0.02 | 1.06 | 1.30 | -0.15 | -0.34 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.05492 | Quarterly |
Holdings
Documents
