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HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.26
$-0.12
-0.56%
NAV
$21.3800
$0.0727
0.34%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.12
$0.06
0.22%
NAV
$27.0495
$-0.0757
-0.28%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.15
$0.00
0.00%
NAV
$50.1464
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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ENCL

Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF

Light Leverage, Big Opportunities

Investment Objective: ENCL seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of Canadian companies that are involved in the crude oil and natural gas industry (currently, the Solactive Equal Weight Canada Oil & Gas Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, ENCL will be exposed to a dynamic covered call option writing program.

ENCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.

Fund Details

Ticker
ENCL
Inception Date
October 10, 2023
Net Assets ?
$83,112,664
As at  April 23, 2024
Consolidated Prior Day Volume ?
60 281
For  April 23, 2024
Average Daily Trading Volume Over a 12 Month Period ?
73,621
As at  April 23, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.85%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
No
LEI ?
894500DOPSSIR6EMBW39
Most Recent Distributions Per Unit
$0.29000
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$21.0130
Price
$20.75
Premium Discount
$-0.26
Premium Discount Percentage
-1.27%
Outstanding Shares
3,955,306
Percent Written by Month End
24.01%
Average OTM % When Written
2.00%
Percentage of Options OTM by Month End
35.41%
Standard Deviation
17.81%

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 (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

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 0.29 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.29 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.29 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.29 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.29 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.29 Monthly

Top 10 Holdings

As at April 23, 2024
Security Name Weight
Horizons Can Oil and Gas Eq Cov Call ETF (ENCC) 124.65%
CASH 0.01%

Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF (ENCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by ENCL and passed on to the investor, where ENCL and the investment fund it holds provide the same service.

Click here for holdings of the Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) Holdings

At a Glance

Light Leverage, Big Opportunities

Investment Objective: ENCL seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of Canadian companies that are involved in the crude oil and natural gas industry (currently, the Solactive Equal Weight Canada Oil & Gas Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, ENCL will be exposed to a dynamic covered call option writing program.

ENCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.

Product Facts

Fund Details

Ticker
ENCL
Inception Date
October 10, 2023
Net Assets ?
$83,112,664
As at  April 23, 2024
Consolidated Prior Day Volume ?
60 281
ForApril 23, 2024
Average Daily Trading Volume Over a 12 Month Period ?
73,621
As at  April 23, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.85%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
No
LEI ?
894500DOPSSIR6EMBW39
Most Recent Distributions Per Unit
0.29
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$21.0130
Price
$20.75
Premium Discount
$-0.26
Premium Discount Percentage
-1.27%
Outstanding Shares
3,955,306
Percent Written by Month End
24.01%
Average OTM % When Written
2.00%
Percentage of Options OTM by Month End
35.41%
Standard Deviation
17.81%

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 (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

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 0.29 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.29 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.29 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.29 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.29 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.29 Monthly
Holdings

Top 10 Holdings

As at April 23, 2024
Security Name Weight
Horizons Can Oil and Gas Eq Cov Call ETF (ENCC) 124.65%
CASH 0.01%

Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF (ENCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by ENCL and passed on to the investor, where ENCL and the investment fund it holds provide the same service.

Click here for holdings of the Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) Holdings

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