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CASH

Horizons High Interest Savings ETF

Price
$50.04
$0.00
0.00%
NAV
$50.0285
$0.0172
0.03%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$9.63
$-0.07
-0.72%
NAV
$9.7297
$-0.1185
-1.20%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.04
$-0.05
-0.45%
NAV
$11.1048
$0.0409
0.37%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
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HARB.J

Horizons Tactical Absolute Return Bond ETF

A Bond ETF That Can Tactically Change with the Market

Having an active fixed income strategy that has the flexibility to “go anywhere” to find investment opportunities might be more important than ever before. The Horizons Tactical Absolute Return Bond ETF (HARB) sub-advisor will adjust the positioning of the ETF portfolio to various fixed income strategies it believes offer the highest absolute risk-adjusted return profile over the course of the investment cycle.

Key Features

• A “Go Anywhere” Fixed Income Mandate ETF: HARB will seek to generate capital appreciation from decreasing spreads, falling yields and changes to credit quality, as well as protect capital and reduce drawdowns during periods of rising yields and widening spreads
• Diversification: HARB will have the full flexibility to tactically change the duration, credit and FX exposures to seek to generate positive risk-adjusted returns with reduced volatility and negative correlation to other asset classes
• An Experienced Sub-Advisor: Over 40 years of experience in running investment mandates covering the full spectrum of the fixed income universe
• Tax-Efficiency: The Total Return Series Shares are not expected to make taxable distributions, making them advantageous for taxable accounts where interest income is taxed at the full marginal income tax rate. The Dividend Series Shares is expected to pay out monthly distributions consisting of dividends and return of capital

Investment Objective

HARB seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction. The ETF will tactically take long and short positions in North American and global debt instruments and derivatives across the credit spectrum. In respect of the Dividend Series Shares, the ETF will also seek to provide consistent income.

HARB is an alternative mutual fund within the meaning of National instrument 81-102 Investment Funds, and is permitted to use strategies generally prohibited by conventional mutual funds and ETFs, such as borrowing cash, selling securities short, and employing leverage of up to 300%, amongst others. The use of these strategies may accelerate the risk associated with the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus and its risk disclosure before investing.

Fund Details

Ticker
HARB.J
Inception Date
December 07, 2020
Net Assets ?
$75,697,301
As at  December 06, 2022
Consolidated Prior Day Volume ?
290
For  December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
1,416
As at  December 06, 2022
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 ?
0.91%
As at June 30, 2022
Performance Fee
10% over high water mark and an annualized return between 3% and 5%, depending on the Bank of Canada overnight rate. (Please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300OHQLF682HVWX18
Most Recent Distributions Per Unit
0.03675
Estimated Annualized Yield ?
0.42 %
12-Month Trailing Yield ?
5.60 %
Distribution Frequency
Monthly
Record Date
November 30, 2022
NAV / Unit
$8.8874
Price
$8.90
Premium Discount
$0.01
Premium Discount Percentage
0.14%
Outstanding Shares
7,560,000
Weighted Average Duration ?
8.14
Average Credit Quality ?
AA+
Weighted Average Coupon ?
2.50
Weighted Average Yield to Maturity ?
2.71

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 Tactical Absolute Return Bond ETF 1.35 -2.45 -3.00 -5.14 -5.15 -- -- -- -1.59

**Fund performance since inception on December 07, 2020, as at November 30, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Tactical Absolute Return Bond ETF

-- -- -- -- -- -- -- 1.77

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 11/29/2022 11/30/2022 12/12/2022 0.03675 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03675 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.04 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.04 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.04 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.04125 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.04125 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.04125 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.04125 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.04125 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.04125 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.04125 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.04125 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.04125 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.04125 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.04125 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.04125 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.04125 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0413 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0413 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0413 Monthly
2021 02/25/2021 02/26/2021 03/10/2021 0.0413 Monthly
2021 01/28/2021 01/29/2021 02/10/2021 0.0416 Monthly

Sector Allocation

As at October 31, 2022
Cash 54.79%
Government 39.27%
Health Care 2.98%
Industrial Services 1.50%
Consumer Goods 0.73%
Technology 0.73%

Credit Ratings

As at October 31, 2022
AAA 93.97%
BB 2.24%
B 2.77%

Top 10 Holdings

As at October 31, 2022
Security Name Weight
United States Treasury 3.00% 15-Aug-2052 38.32%
United States Treasury 2.75% 15-Aug-2032 17.18%
United States Treasury 1.50% 29-Feb-2024 9.19%
Tenet Healthcare Corp 6.13% 01-Oct-2028 2.09%
Delta Air Lines Inc 3.75% 28-Oct-2029 1.57%
MicroStrategy Inc 6.13% 15-Jun-2028 0.84%
Kontoor Brands Inc 4.13% 15-Nov-2029 0.78%
CDX CDX.NA.HY.38 06/20/27 P 5% 5.00% 20-Jun-2027 0.65%
Bausch Health Cos Inc 11.00% 30-Sep-2028 0.41%
Bausch Health Cos Inc 6.13% 01-Feb-2027 0.32%
At a Glance

A Bond ETF That Can Tactically Change with the Market

Having an active fixed income strategy that has the flexibility to “go anywhere” to find investment opportunities might be more important than ever before. The Horizons Tactical Absolute Return Bond ETF (HARB) sub-advisor will adjust the positioning of the ETF portfolio to various fixed income strategies it believes offer the highest absolute risk-adjusted return profile over the course of the investment cycle.

Key Features

• A “Go Anywhere” Fixed Income Mandate ETF: HARB will seek to generate capital appreciation from decreasing spreads, falling yields and changes to credit quality, as well as protect capital and reduce drawdowns during periods of rising yields and widening spreads
• Diversification: HARB will have the full flexibility to tactically change the duration, credit and FX exposures to seek to generate positive risk-adjusted returns with reduced volatility and negative correlation to other asset classes
• An Experienced Sub-Advisor: Over 40 years of experience in running investment mandates covering the full spectrum of the fixed income universe
• Tax-Efficiency: The Total Return Series Shares are not expected to make taxable distributions, making them advantageous for taxable accounts where interest income is taxed at the full marginal income tax rate. The Dividend Series Shares is expected to pay out monthly distributions consisting of dividends and return of capital

Product Facts

Investment Objective

HARB seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction. The ETF will tactically take long and short positions in North American and global debt instruments and derivatives across the credit spectrum. In respect of the Dividend Series Shares, the ETF will also seek to provide consistent income.

HARB is an alternative mutual fund within the meaning of National instrument 81-102 Investment Funds, and is permitted to use strategies generally prohibited by conventional mutual funds and ETFs, such as borrowing cash, selling securities short, and employing leverage of up to 300%, amongst others. The use of these strategies may accelerate the risk associated with the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus and its risk disclosure before investing.

Fund Details

Ticker
HARB.J
Inception Date
December 07, 2020
Net Assets ?
$75,697,301
As at December 06, 2022
Consolidated Prior Day Volume ?
290
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
1,416
As at December 06, 2022
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 ?
0.91%
 As at June 30, 2022
Performance Fee
10% over high water mark and an annualized return between 3% and 5%, depending on the Bank of Canada overnight rate. (Please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300OHQLF682HVWX18
Most Recent Distributions Per Unit
0.03675
Estimated Annualized Yield ?
0.42%
12-Month Trailing Yield ?
5.60%
Distribution Frequency
Monthly
Record Date
November 30, 2022
NAV / Unit
$8.8874
Price
$8.90
Premium Discount
$0.01
Premium Discount Percentage
0.14%
Outstanding Shares
7,560,000
Weighted Average Duration ?
8.14
Average Credit Quality ?
AA+
Weighted Average Coupon ?
2.50
Weighted Average Yield to Maturity ?
2.71

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 Tactical Absolute Return Bond ETF 1.35 -2.45 -3.00 -5.14 -5.15 -- -- -- -1.59

**Fund performance since inception on December 07, 2020, as at November 30, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Tactical Absolute Return Bond ETF -- -- -- -- -- -- -- 1.77

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 11/29/2022 11/30/2022 12/12/2022 0.03675 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03675 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.04 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.04 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.04 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.04125 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.04125 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.04125 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.04125 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.04125 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.04125 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.04125 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.04125 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.04125 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.04125 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.04125 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.04125 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.04125 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0413 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0413 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0413 Monthly
2021 02/25/2021 02/26/2021 03/10/2021 0.0413 Monthly
2021 01/28/2021 01/29/2021 02/10/2021 0.0416 Monthly
Holdings

Sector Allocation

As at October 31, 2022
Cash 54.79%
Government 39.27%
Health Care 2.98%
Industrial Services 1.50%
Consumer Goods 0.73%
Technology 0.73%

Credit Ratings

As at October 31, 2022
AAA 93.97%
BB 2.24%
B 2.77%

Top 10 Holdings

As at October 31, 2022
Security Name Weight
United States Treasury 3.00% 15-Aug-2052 38.32%
United States Treasury 2.75% 15-Aug-2032 17.18%
United States Treasury 1.50% 29-Feb-2024 9.19%
Tenet Healthcare Corp 6.13% 01-Oct-2028 2.09%
Delta Air Lines Inc 3.75% 28-Oct-2029 1.57%
MicroStrategy Inc 6.13% 15-Jun-2028 0.84%
Kontoor Brands Inc 4.13% 15-Nov-2029 0.78%
CDX CDX.NA.HY.38 06/20/27 P 5% 5.00% 20-Jun-2027 0.65%
Bausch Health Cos Inc 11.00% 30-Sep-2028 0.41%
Bausch Health Cos Inc 6.13% 01-Feb-2027 0.32%

Related Posts

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