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HBNK

Horizons Equal Weight Banks Index ETF

Price
$20.96
$0.10
0.48%
NAV
$20.9449
$0.0880
0.42%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

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

Price
$27.04
$0.10
0.37%
NAV
$27.0305
$0.0888
0.33%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.16
$0.02
0.04%
NAV
$50.1421
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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HARB

Horizons Tactical Absolute Return Bond ETF

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
Inception Date
December 07, 2020
Net Assets ?
$48,838,887
As at  February 23, 2024
Consolidated Prior Day Volume ?
57 083
For  February 23, 2024
Average Daily Trading Volume Over a 12 Month Period ?
28,088
As at  February 23, 2024
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 ?
0.93%
As at June 30, 2023
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
NAV / Unit
$10.0707
Price
$10.06
Premium Discount
$-0.01
Premium Discount Percentage
-0.11%
Outstanding Shares
4,710,000
Weighted Average Duration ?
5.56
Average Credit Quality ?
AA
Weighted Average Coupon ?
5.02
Weighted Average Yield to Maturity ?
5.07%

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 -0.77 8.61 3.99 -0.77 4.50 1.13 -- -- 0.96

**Fund performance since inception on December 07, 2020, as at January 31, 2024

Calendar Year Performance (%) *

2016 2017 2018 2019 2020 2021 2022 2023

Horizons Tactical Absolute Return Bond ETF

-- -- -- -- -- 1.72 -5.12 7.21

Distributions

Distribution data is not currently available.

Sector Allocation

As at December 29, 2023
Government 47.04%
Cash 46.54%
Health Care 3.17%
Industrial Services 1.61%
Technology 0.84%
Consumer Goods 0.79%

Credit Ratings

As at December 29, 2023
AAA 46.54%
AA 47.05%
BB 2.40%
B 3.30%
CCC 0.66%

Top 10 Holdings

As at January 31, 2024
Security Name Weight
United States Treasury 4.50% 15-Nov-2033 28.88%
United States Treasury 4.75% 15-Nov-2053 20.12%
Delta Air Lines Inc 3.75% 28-Jul-2029 1.70%
CDX CDX.NA.HY.40 P 5% 5.00% 20-Jun-2028 0.45%
Bausch Health Cos Inc 11.00% 30-Sep-2028 0.43%
Kontoor Brands Inc 4.13% 15-Nov-2024 0.01%
At a Glance

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.

Product Facts

Fund Details

Ticker
HARB
Inception Date
December 07, 2020
Net Assets ?
$48,838,887
As at  February 23, 2024
Consolidated Prior Day Volume ?
57 083
ForFebruary 23, 2024
Average Daily Trading Volume Over a 12 Month Period ?
28,088
As at  February 23, 2024
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 ?
0.93%
 As at June 30, 2023
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
NAV / Unit
$10.0707
Price
$10.06
Premium Discount
$-0.01
Premium Discount Percentage
-0.11%
Outstanding Shares
4,710,000
Weighted Average Duration ?
5.56
Average Credit Quality ?
AA
Weighted Average Coupon ?
5.02
Weighted Average Yield to Maturity ?
5.07%

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 -0.77 8.61 3.99 -0.77 4.50 1.13 -- -- 0.96

**Fund performance since inception on December 07, 2020, as at January 31, 2024

Calendar Year Performance (%)

2016 2017 2018 2019 2020 2021 2022 2023
Horizons Tactical Absolute Return Bond ETF -- -- -- -- -- 1.72 -5.12 7.21

Distributions

Distribution data is not currently available.

Holdings

Sector Allocation

As at December 29, 2023
Government 47.04%
Cash 46.54%
Health Care 3.17%
Industrial Services 1.61%
Technology 0.84%
Consumer Goods 0.79%

Credit Ratings

As at December 29, 2023
AAA 46.54%
AA 47.05%
BB 2.40%
B 3.30%
CCC 0.66%

Top 10 Holdings

As at January 31, 2024
Security Name Weight
United States Treasury 4.50% 15-Nov-2033 28.88%
United States Treasury 4.75% 15-Nov-2053 20.12%
Delta Air Lines Inc 3.75% 28-Jul-2029 1.70%
CDX CDX.NA.HY.40 P 5% 5.00% 20-Jun-2028 0.45%
Bausch Health Cos Inc 11.00% 30-Sep-2028 0.43%
Kontoor Brands Inc 4.13% 15-Nov-2024 0.01%

Related Posts

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