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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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HBB

Horizons Cdn Select Universe Bond ETF

Get the Total Return of Investment Grade Canadian Bonds

Horizons Cdn Select Universe Bond ETF (HBB) provides exposure to an index, where the constituents must have a minimum credit rating of BBB

Key Features

• The Total Return Index Advantage: HBB is a part of the Horizons Total Return Index family of ETFs (“Horizons TRI ETFs”). HBB uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the tracking error associated with replicating an index and increases tax efficiency
• Investment-Grade Bonds: HBB provides exposure to an index, where the constituents must have a minimum credit rating of BBB
• Tax Efficiency: HBB is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HBB’s Net Asset Value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly

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 ?
$2,899,367,480
As at  December 06, 2022
Consolidated Prior Day Volume ?
180,759
For  December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
312,325
As at  December 06, 2022
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, 2022
Swap Fee
No more than 0.15%
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
0.98%
As at November 30, 2022
LEI ?
549300CHFSB2YD5VGF57
NAV / Unit
$46.0669
Price
$46.08
Premium Discount
$0.01
Premium Discount Percentage
0.03%
Outstanding Shares
62,938,130
Weighted Average Duration ?
7.54
Average Credit Quality ?
AA
Weighted Average Coupon ?
2.81
Weighted Average Yield to Maturity ?
4.14

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 2.89 1.22 -0.05 -10.43 -8.87 -2.19 0.21 -- 1.47
Solactive Canadian Select Universe Bond Index (Total Return) 2.91 1.29 0.09 -10.19 -8.61 -1.94 0.48 -- 1.77

**Fund performance since inception on May 07, 2014, as at November 30, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Cdn Select Universe Bond ETF

-- 3.19 1.39 1.89 1.14 5.98 8.23 -2.39
Solactive Canadian Select Universe Bond Index (Total Return) -- 3.53 1.73 2.19 1.41 6.25 8.50 -2.13

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 October 31, 2022
Governments 44.99%
Provincials 32.21%
Financial 6.84%
Utilities 5.95%
Energy 2.62%
Communication Service 2.11%
Industrial Services 1.20%
Municipals 1.14%
Reits 1.03%
Consumer Service 1.01%
Consumer Goods 0.77%
Health Care 0.07%
Materials 0.04%

Credit Ratings

As at November 30, 2022
AAA 45.01%
AA+ 1.62%
AA 11.13%
AA- 19.78%
A+ 3.82%
A 3.01%
A- 3.27%
BBB+ 4.04%
BBB 2.20%
BBB- 0.71%

Top 10 Holdings

As at October 31, 2022
Security Name Weight
Canada Government 0.50% 01-Sep-2025 2.21%
Canada Government 2.00% 01-Dec-2051 2.00%
Canada Government 1.25% 01-Jun-2030 1.95%
Canada Government 1.50% 01-Jun-2031 1.86%
Canada Government 0.25% 01-Apr-2024 1.79%
Canada Government 0.50% 01-Dec-2030 1.64%
Canada Government 0.25% 01-Mar-2026 1.55%
Canada Government 1.50% 01-Dec-2031 1.41%
Canada Government 2.00% 01-Jun-2032 1.10%
Canada Government 1.00% 01-Sep-2026 1.06%
At a Glance

Get the Total Return of Investment Grade Canadian Bonds

Horizons Cdn Select Universe Bond ETF (HBB) provides exposure to an index, where the constituents must have a minimum credit rating of BBB

Key Features

• The Total Return Index Advantage: HBB is a part of the Horizons Total Return Index family of ETFs (“Horizons TRI ETFs”). HBB uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the tracking error associated with replicating an index and increases tax efficiency
• Investment-Grade Bonds: HBB provides exposure to an index, where the constituents must have a minimum credit rating of BBB
• Tax Efficiency: HBB is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HBB’s Net Asset Value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly

Product Facts

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 ?
$2,899,367,480
As at December 06, 2022
Consolidated Prior Day Volume ?
180,759
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
312,325
As at December 06, 2022
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, 2022
Swap Fee
No more than 0.15%
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
0.98%
As at November 30, 2022
LEI ?
549300CHFSB2YD5VGF57
NAV / Unit
$46.0669
Price
$46.08
Premium Discount
$0.01
Premium Discount Percentage
0.03%
Outstanding Shares
62,938,130
Weighted Average Duration ?
7.54
Average Credit Quality ?
AA
Weighted Average Coupon ?
2.81
Weighted Average Yield to Maturity ?
4.14

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 2.89 1.22 -0.05 -10.43 -8.87 -2.19 0.21 -- 1.47
Solactive Canadian Select Universe Bond Index (Total Return) 2.91 1.29 0.09 -10.19 -8.61 -1.94 0.48 -- 1.77

**Fund performance since inception on May 07, 2014, as at November 30, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Cdn Select Universe Bond ETF -- 3.19 1.39 1.89 1.14 5.98 8.23 -2.39
Solactive Canadian Select Universe Bond Index (Total Return) -- 3.53 1.73 2.19 1.41 6.25 8.50 -2.13

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 October 31, 2022
Governments 44.99%
Provincials 32.21%
Financial 6.84%
Utilities 5.95%
Energy 2.62%
Communication Service 2.11%
Industrial Services 1.20%
Municipals 1.14%
Reits 1.03%
Consumer Service 1.01%
Consumer Goods 0.77%
Health Care 0.07%
Materials 0.04%

Credit Ratings

As at November 30, 2022
AAA 45.01%
AA+ 1.62%
AA 11.13%
AA- 19.78%
A+ 3.82%
A 3.01%
A- 3.27%
BBB+ 4.04%
BBB 2.20%
BBB- 0.71%

Top 10 Holdings

As at October 31, 2022
Security Name Weight
Canada Government 0.50% 01-Sep-2025 2.21%
Canada Government 2.00% 01-Dec-2051 2.00%
Canada Government 1.25% 01-Jun-2030 1.95%
Canada Government 1.50% 01-Jun-2031 1.86%
Canada Government 0.25% 01-Apr-2024 1.79%
Canada Government 0.50% 01-Dec-2030 1.64%
Canada Government 0.25% 01-Mar-2026 1.55%
Canada Government 1.50% 01-Dec-2031 1.41%
Canada Government 2.00% 01-Jun-2032 1.10%
Canada Government 1.00% 01-Sep-2026 1.06%

Related Posts

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