HBB
Investment Objective
HBB seeks to replicate, to the extent possible, the performance of the Solactive Canadian Select Universe Bond Index (Total Return), net of expenses. The Solactive Canadian Select Universe Bond Index (Total Return) is designed to measure the performance of the Canadian investment-grade fixed income market.
Fund Details
Ticker
HBB
Inception Date
May 07, 2014
Net Assets ?
$3,648,411,274
As at November 29, 2023
Consolidated Prior Day Volume ?
262 604
For November 29, 2023
Average Daily Trading Volume Over a 12 Month Period ?
151,916
As at November 29, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLHBB
Management Fee
0.09%
(Plus applicable sales tax)
Management Expense Ratio ?
0.10%
As at June 30, 2023
Swap Fee
No more than 0.15%
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
-2.39%
As atOctober 31, 2023
LEI ?
549300CHFSB2YD5VGF57
Portfolio Investment Metrics
As at October 31, 2023
Weighted Average Duration ?
7.21
Average Credit Quality ?
AA
Weighted Average Coupon ?
3.08
Weighted Average Yield to Maturity ?
4.79%
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 Cdn Select Universe Bond ETF | 0.26 | -2.78 | -5.67 | -1.73 | -0.64 | -5.17 | -0.17 | -- | 0.95 | Solactive Canadian Select Universe Bond Index (Total Return) | 0.28 | -2.72 | -5.55 | -1.52 | -0.38 | -4.92 | 0.09 | -- | 1.24 |
**Fund performance since inception on May 07, 2014, as at October 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Cdn Select Universe Bond ETF |
3.19 | 1.39 | 1.89 | 1.14 | 5.98 | 8.23 | -2.39 | -11.98 | Solactive Canadian Select Universe Bond Index (Total Return) | 3.53 | 1.73 | 2.19 | 1.41 | 6.25 | 8.50 | -2.13 | -11.73 |
The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.
Distributions
Distribution data is not currently available.
Sector Allocation
As at August 31, 2023| Governments | 44.01% |
| Provincials | 32.05% |
| Financial | 8.26% |
| Utilities | 5.60% |
| Energy | 2.85% |
| Communication Service | 2.05% |
| Industrial Services | 1.18% |
| Municipals | 1.10% |
| Reits | 1.06% |
| Consumer Service | 0.98% |
| Consumer Goods | 0.78% |
| Health Care | 0.07% |
| Materials | 0.02% |
Credit Ratings
As at October 31, 2023| AAA | 46.26% |
| AA+ | 4.08% |
| AA | 11.14% |
| AA- | 18.84% |
| A+ | 4.45% |
| A | 3.12% |
| A- | 2.90% |
| BBB+ | 3.27% |
| BBB | 2.55% |
| BBB- | 1.46% |
Top 10 Holdings
As at September 30, 2023| Security Name | Weight |
|---|---|
| Canada Government 0.50% 01-Sep-2025 | 2.22% |
| Canada Government 1.25% 01-Jun-2030 | 1.88% |
| Canada Government 2.00% 01-Dec-2051 | 1.81% |
| Canada Government 1.50% 01-Jun-2031 | 1.78% |
| Canada Government 0.50% 01-Dec-2030 | 1.58% |
| Canada Government 0.25% 01-Mar-2026 | 1.55% |
| Canada Government 1.50% 01-Dec-2031 | 1.34% |
| Canada Government 1.00% 01-Sep-2026 | 1.05% |
| Canada Government 2.00% 01-Jun-2032 | 1.04% |
| Canada Government 1.75% 01-Dec-2053 | 1.03% |
Education
Regulatory and Legal
At a Glance
Investment Objective
HBB seeks to replicate, to the extent possible, the performance of the Solactive Canadian Select Universe Bond Index (Total Return), net of expenses. The Solactive Canadian Select Universe Bond Index (Total Return) is designed to measure the performance of the Canadian investment-grade fixed income market.
Product Facts
Fund Details
Ticker
HBB
Inception Date
May 07, 2014
Net Assets ?
$3,648,411,274
As at November 29, 2023
Consolidated Prior Day Volume ?
262 604
ForNovember 29, 2023
Average Daily Trading Volume Over a 12 Month Period ?
151,916
As at November 29, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLHBB
Management Fee
0.09%
(Plus applicable sales tax)
Management Expense Ratio ?
0.10%
As at June 30, 2023
Swap Fee
No more than 0.15%
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
-2.39%
As atOctober 31, 2023
LEI ?
549300CHFSB2YD5VGF57
Portfolio Investment Metrics
As at October 31, 2023
Weighted Average Duration ?
7.21
Average Credit Quality ?
AA
Weighted Average Coupon ?
3.08
Weighted Average Yield to Maturity ?
4.79%
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 Cdn Select Universe Bond ETF | 0.26 | -2.78 | -5.67 | -1.73 | -0.64 | -5.17 | -0.17 | -- | 0.95 | Solactive Canadian Select Universe Bond Index (Total Return) | 0.28 | -2.72 | -5.55 | -1.52 | -0.38 | -4.92 | 0.09 | -- | 1.24 |
**Fund performance since inception on May 07, 2014, as at October 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Cdn Select Universe Bond ETF | 3.19 | 1.39 | 1.89 | 1.14 | 5.98 | 8.23 | -2.39 | -11.98 | Solactive Canadian Select Universe Bond Index (Total Return) | 3.53 | 1.73 | 2.19 | 1.41 | 6.25 | 8.50 | -2.13 | -11.73 |
The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.
Distributions
Distribution data is not currently available.
Holdings
Sector Allocation
As at August 31, 2023| Governments | 44.01% |
| Provincials | 32.05% |
| Financial | 8.26% |
| Utilities | 5.60% |
| Energy | 2.85% |
| Communication Service | 2.05% |
| Industrial Services | 1.18% |
| Municipals | 1.10% |
| Reits | 1.06% |
| Consumer Service | 0.98% |
| Consumer Goods | 0.78% |
| Health Care | 0.07% |
| Materials | 0.02% |
Credit Ratings
As at October 31, 2023| AAA | 46.26% |
| AA+ | 4.08% |
| AA | 11.14% |
| AA- | 18.84% |
| A+ | 4.45% |
| A | 3.12% |
| A- | 2.90% |
| BBB+ | 3.27% |
| BBB | 2.55% |
| BBB- | 1.46% |
Top 10 Holdings
As at September 30, 2023| Security Name | Weight |
|---|---|
| Canada Government 0.50% 01-Sep-2025 | 2.22% |
| Canada Government 1.25% 01-Jun-2030 | 1.88% |
| Canada Government 2.00% 01-Dec-2051 | 1.81% |
| Canada Government 1.50% 01-Jun-2031 | 1.78% |
| Canada Government 0.50% 01-Dec-2030 | 1.58% |
| Canada Government 0.25% 01-Mar-2026 | 1.55% |
| Canada Government 1.50% 01-Dec-2031 | 1.34% |
| Canada Government 1.00% 01-Sep-2026 | 1.05% |
| Canada Government 2.00% 01-Jun-2032 | 1.04% |
| Canada Government 1.75% 01-Dec-2053 | 1.03% |
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