HAC
Investment Objective
HAC seeks to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. HAC’s portfolio may from time to time also include a significant amount of cash and/or cash equivalents.
Fund Details
Ticker
HAC
Inception Date
November 19, 2009
Net Assets ?
$174,429,352
As at September 29, 2023
Consolidated Prior Day Volume ?
6 794
For September 29, 2023
Average Daily Trading Volume Over a 12 Month Period ?
12,346
As at September 29, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.75%
(Plus applicable sales tax)
Management Expense Ratio ?
1.01%
As at June 30, 2023
Performance Fee
20% of outperformance over high water mark and an annualized return of 5% (please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300KNOCJ0JHKIVZ63
Distribution Metrics
Most Recent Distributions Per Unit
$0.09000
Annualized Distribution Yield ?
0.35 %
As at September 29, 2023
12-Month Trailing Yield ?
0.35 %
Distribution Frequency
Annual
Reinvested Non-Cash Distributions
0.13234
Record Date
December 30, 2022
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 Seasonal Rotation ETF | -0.29 | 0.44 | 0.08 | 3.08 | 4.95 | 9.31 | 4.65 | 6.43 | 7.02 |
**Fund performance since inception on November 19, 2009, as at August 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Seasonal Rotation ETF |
10.10 | 9.28 | 5.06 | -0.93 | 19.53 | -5.51 | 21.40 | -4.97 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.09 | 0.13234 | Annual |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 1.04940 | Annual | |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0153 | 0.60660 | Annual |
Asset Allocation
As at August 31, 2023| Cash and Equivalents | 71.44% |
| Foreign Bonds | 14.21% |
| Other | 10.97% |
| Canadian Equity | 3.39% |
Top 10 Holdings
As at August 31, 2023| Security Name | Weight |
|---|---|
| HORIZONS 0-3 MONTH US T-BILL ETF | 42.40% |
| HORIZONS 0-3 MONTH T-BILL ETF | 29.40% |
| HORIZONS US 7-10 YEAR TREAS BD | 14.20% |
| HORIZONS GOLD ETF | 10.00% |
| HORIZONS S&P/TSX CAPPED ENERGY INDEX ETF | 3.40% |
| HORIZONS NATURAL GAS ETF | 1.00% |
| Cash, Cash Equivalents, Margin & Other | 0.30% |
| US Dollar Forwards (August) - Currency Hedge** | -0.70% |
| **Reflects gain / loss on currency hedge (Notional exposure of current NAV) | 56.68% |
Education
Regulatory and Legal
At a Glance
Investment Objective
HAC seeks to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. HAC’s portfolio may from time to time also include a significant amount of cash and/or cash equivalents.
Product Facts
Fund Details
Ticker
HAC
Inception Date
November 19, 2009
Net Assets ?
$174,429,352
As at September 29, 2023
Consolidated Prior Day Volume ?
6 794
ForSeptember 29, 2023
Average Daily Trading Volume Over a 12 Month Period ?
12,346
As at September 29, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.75%
(Plus applicable sales tax)
Management Expense Ratio ?
1.01%
As at June 30, 2023
Performance Fee
20% of outperformance over high water mark and an annualized return of 5% (please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300KNOCJ0JHKIVZ63
Distribution Metrics
As at September 29, 2023
Most Recent Distributions Per Unit
0.09
Annualized Distribution Yield ?
0.35 %
As at September 29, 2023
12-Month Trailing Yield ?
0.35 %
Distribution Frequency
Annual
Reinvested Non-Cash Distributions
0.13234
Record Date
December 30, 2022
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 Seasonal Rotation ETF | -0.29 | 0.44 | 0.08 | 3.08 | 4.95 | 9.31 | 4.65 | 6.43 | 7.02 |
**Fund performance since inception on November 19, 2009, as at August 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Seasonal Rotation ETF | 10.10 | 9.28 | 5.06 | -0.93 | 19.53 | -5.51 | 21.40 | -4.97 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.09 | 0.13234 | Annual |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 1.0494 | Annual | |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0153 | 0.6066 | Annual |
Holdings
Asset Allocation
As at August 31, 2023| Cash and Equivalents | 71.44% |
| Foreign Bonds | 14.21% |
| Other | 10.97% |
| Canadian Equity | 3.39% |
Top 10 Holdings
As at August 31, 2023| Security Name | Weight |
|---|---|
| HORIZONS 0-3 MONTH US T-BILL ETF | 42.40% |
| HORIZONS 0-3 MONTH T-BILL ETF | 29.40% |
| HORIZONS US 7-10 YEAR TREAS BD | 14.20% |
| HORIZONS GOLD ETF | 10.00% |
| HORIZONS S&P/TSX CAPPED ENERGY INDEX ETF | 3.40% |
| HORIZONS NATURAL GAS ETF | 1.00% |
| Cash, Cash Equivalents, Margin & Other | 0.30% |
| US Dollar Forwards (August) - Currency Hedge** | -0.70% |
| **Reflects gain / loss on currency hedge (Notional exposure of current NAV) | 56.68% |
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