HARB.U
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
As at April 28, 2023
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 | 0.53 | 2.58 | 6.30 | 4.80 | 0.78 | -- | -- | -- | 2.99 |
**Fund performance since inception on April 21, 2021, as at April 30, 2023
Calendar Year Performance (%) *
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|---|
Horizons Tactical Absolute Return Bond ETF |
-- | -- | -- | -- | -- | -- | -- | -5.92 |
Distributions
Distribution data is not currently available.
Sector Allocation
As at April 28, 2023Cash | 47.95% |
Government | 45.49% |
Health Care | 3.28% |
Industrial Services | 1.62% |
Technology | 0.84% |
Consumer Goods | 0.78% |
Credit Ratings
As at April 28, 2023AAA | 93.47% |
BB | 2.40% |
B | 3.04% |
CCC | 0.79% |
Top 10 Holdings
As at April 30, 2023Security Name | Weight |
---|---|
United States Treasury 3.50% 15-Feb-2033 | 27.87% |
United States Treasury 3.63% 15-Feb-2053 | 18.34% |
Tenet Healthcare Corp 6.13% 01-Oct-2028 | 2.24% |
Delta Air Lines Inc 3.75% 28-Oct-2029 | 1.65% |
MicroStrategy Inc 6.13% 15-Jun-2028 | 0.85% |
Kontoor Brands Inc 4.13% 15-Nov-2029 | 0.80% |
CDX CDX.NA.HY.40 P 5% 5.00% 20-Jun-2028 | 0.68% |
Bausch Health Cos Inc 11.00% 30-Sep-2028 | 0.41% |
Bausch Health Cos Inc 6.13% 01-Feb-2027 | 0.34% |
1375209 BC Ltd 9.00% 30-Jan-2028 | 0.28% |
Education
Regulatory and Legal
Financial Reports
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
As at April 28, 2023
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 | 0.53 | 2.58 | 6.30 | 4.80 | 0.78 | -- | -- | -- | 2.99 |
**Fund performance since inception on April 21, 2021, as at April 30, 2023
Calendar Year Performance (%)
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|---|
Horizons Tactical Absolute Return Bond ETF | -- | -- | -- | -- | -- | -- | -- | -5.92 |
Distributions
Distribution data is not currently available.
Sector Allocation
As at April 28, 2023Cash | 47.95% |
Government | 45.49% |
Health Care | 3.28% |
Industrial Services | 1.62% |
Technology | 0.84% |
Consumer Goods | 0.78% |
Credit Ratings
As at April 28, 2023AAA | 93.47% |
BB | 2.40% |
B | 3.04% |
CCC | 0.79% |
Top 10 Holdings
As at April 30, 2023Security Name | Weight |
---|---|
United States Treasury 3.50% 15-Feb-2033 | 27.87% |
United States Treasury 3.63% 15-Feb-2053 | 18.34% |
Tenet Healthcare Corp 6.13% 01-Oct-2028 | 2.24% |
Delta Air Lines Inc 3.75% 28-Oct-2029 | 1.65% |
MicroStrategy Inc 6.13% 15-Jun-2028 | 0.85% |
Kontoor Brands Inc 4.13% 15-Nov-2029 | 0.80% |
CDX CDX.NA.HY.40 P 5% 5.00% 20-Jun-2028 | 0.68% |
Bausch Health Cos Inc 11.00% 30-Sep-2028 | 0.41% |
Bausch Health Cos Inc 6.13% 01-Feb-2027 | 0.34% |
1375209 BC Ltd 9.00% 30-Jan-2028 | 0.28% |