HBAL
Investment Objective
HBAL seeks to provide a combination of long-term capital growth and a moderate level of income, primarily by investing in exchange traded funds that provide exposure to a globally diversified portfolio of equity and fixed income securities.
The Manager pays all of the operating and administrative expenses incurred by HBAL. The total management expense ratio of HBAL is expected to be approximately 0.20%. The trading expense ratio of HBAL is expected to be 0.02%. As trading expense ratios include expenses outside of the control of the Manager, the trading expense ratios of the portfolios held by an ETF are subject to change.
Effective August 25, 2023, the investment objectives, investment strategies, management fees, currency hedging and distribution policies of the Horizons Balanced Asset Allocation ETF (“HBAL”) (formerly Horizons Balanced TRI ETF Portfolio), were changed following receipt of the required unitholder and regulatory approvals. For more information, please refer to the disclosure documents of HBAL at www.HorizonsETFs.com.
Fund Details
Ticker
HBAL
Inception Date
August 01, 2018
Net Assets ?
$137,560,196
As at September 28, 2023
Consolidated Prior Day Volume ?
26 282
For September 28, 2023
Average Daily Trading Volume Over a 12 Month Period ?
28,155
As at September 28, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Portfolio Manager
Horizons ETFs Management (Canada) Inc.
Management Fee
0.18%
(Plus applicable sales tax)
Management Expense Ratio ?
0.14%
As at June 30, 2023
Currency
CAD
Currency Hedging
The ETF may elect to hedge the foreign currency exposure of its fixed income investments back to the Canadian dollar
LEI ?
549300ZP6M7B67RPDF48
Distribution Metrics
Most Recent Distributions Per Unit
$0.03000
Annualized Distribution Yield ?
2.79 %
As at September 28, 2023
Distribution Frequency
Monthly
Record Date
August 31, 2023
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 $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons Balanced Asset Allocation ETF | -1.97 | 3.24 | 6.44 | 11.35 | 8.46 | 3.50 | 5.87 | -- | 6.08 |
**Fund performance since inception on August 01, 2018, as at August 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Balanced Asset Allocation ETF |
-- | -- | -- | -- | 20.99 | 14.86 | 14.63 | -17.74 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.03 | — | Monthly |
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.00318 | 0.00005 | Annual |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.00936 | — | Annual |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.00492 | — | |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0208 | — | Annual |
Top 10 Holdings
As at September 28, 2023| Security Name | Weight |
|---|---|
| Horizons Cdn Select Universe Bond ETF (HBB) | 24.88% |
| Horizons US Large Cap Index ETF (HULC) | 21.84% |
| Horizons US 7-10 Year Treasury Bond ETF (HTB) | 15.00% |
| Horizons Intl Developed Mkts Eq Ix ETF (HXDM) | 14.91% |
| Horizons S&P/TSX 60 Index ETF (HXT) | 12.18% |
| Horizons Emerging Markets Equity IdxETF C$ (HXEM) | 6.02% |
| Horizons NASDAQ-100 Index ETF (HXQ) | 4.95% |
| CASH | 0.23% |
Horizons Balanced Asset Allocation ETF (HBAL) 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 HBAL and passed on to the investor, where HBAL and the investment fund it holds provide the same service. Holdings are subject to change. Download full prior business day: Holdings
Education
Regulatory and Legal
At a Glance
Investment Objective
HBAL seeks to provide a combination of long-term capital growth and a moderate level of income, primarily by investing in exchange traded funds that provide exposure to a globally diversified portfolio of equity and fixed income securities.
The Manager pays all of the operating and administrative expenses incurred by HBAL. The total management expense ratio of HBAL is expected to be approximately 0.20%. The trading expense ratio of HBAL is expected to be 0.02%. As trading expense ratios include expenses outside of the control of the Manager, the trading expense ratios of the portfolios held by an ETF are subject to change.
Effective August 25, 2023, the investment objectives, investment strategies, management fees, currency hedging and distribution policies of the Horizons Balanced Asset Allocation ETF (“HBAL”) (formerly Horizons Balanced TRI ETF Portfolio), were changed following receipt of the required unitholder and regulatory approvals. For more information, please refer to the disclosure documents of HBAL at www.HorizonsETFs.com.
Product Facts
Fund Details
Ticker
HBAL
Inception Date
August 01, 2018
Net Assets ?
$137,560,196
As at September 28, 2023
Consolidated Prior Day Volume ?
26 282
ForSeptember 28, 2023
Average Daily Trading Volume Over a 12 Month Period ?
28,155
As at September 28, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Portfolio Manager
Horizons ETFs Management (Canada) Inc.
Management Fee
0.18%
(Plus applicable sales tax)
Management Expense Ratio ?
0.14%
As at June 30, 2023
Currency
CAD
Currency Hedging
The ETF may elect to hedge the foreign currency exposure of its fixed income investments back to the Canadian dollar
LEI ?
549300ZP6M7B67RPDF48
Distribution Metrics
As at September 28, 2023
Most Recent Distributions Per Unit
0.03
Annualized Distribution Yield ?
2.79 %
As at September 28, 2023
Distribution Frequency
Monthly
Record Date
August 31, 2023
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 $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Performance & Distributions
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons Balanced Asset Allocation ETF | -1.97 | 3.24 | 6.44 | 11.35 | 8.46 | 3.50 | 5.87 | -- | 6.08 |
**Fund performance since inception on August 01, 2018, as at August 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Balanced Asset Allocation ETF | -- | -- | -- | -- | 20.99 | 14.86 | 14.63 | -17.74 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.03 | Monthly | |
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.00318 | 5.0E-5 | Annual |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.00936 | Annual | |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.00492 | ||
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0208 | Annual |
Holdings
Top 10 Holdings
As at September 28, 2023| Security Name | Weight |
|---|---|
| Horizons Cdn Select Universe Bond ETF (HBB) | 24.88% |
| Horizons US Large Cap Index ETF (HULC) | 21.84% |
| Horizons US 7-10 Year Treasury Bond ETF (HTB) | 15.00% |
| Horizons Intl Developed Mkts Eq Ix ETF (HXDM) | 14.91% |
| Horizons S&P/TSX 60 Index ETF (HXT) | 12.18% |
| Horizons Emerging Markets Equity IdxETF C$ (HXEM) | 6.02% |
| Horizons NASDAQ-100 Index ETF (HXQ) | 4.95% |
| CASH | 0.23% |
Horizons Balanced Asset Allocation ETF (HBAL) 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 HBAL and passed on to the investor, where HBAL and the investment fund it holds provide the same service. Holdings are subject to change. Download full prior business day: Holdings
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