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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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HBKD

BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF

Investment Objective

HBKD seeks daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Equal Weight Canada Banks Index (the “Underlying Index”). HBKD does not seek to achieve its stated investment objective over a period of time greater than one day.

HBKD uses leverage and is riskier than funds that do not.

HBKD is very different from most exchange-traded funds, and is permitted to use strategies generally prohibited by conventional mutual funds. While such strategies will only be used in accordance with the investment objective and strategy of the ETF, during certain market conditions, they may accelerate the risk that an investment in the shares of the ETF decreases in value.

HBKD, before fees and expenses, does not and should not be expected to return two-times the inverse (i.e., -200%) of the return of its Underlying Index over any period of time greater than one day.

The returns of HBKD over periods longer than one day will not be expected, under most market conditions, to be two-times the opposite direction from the performance of its Underlying Index for the same period. Furthermore, the deviation of returns of HBKD from the two-times inverse performance of its Underlying Index can be expected to become more pronounced as the volatility of HBKD’s Underlying Index, and/or the period of time, increases.

Investors should read the prospectus to understand the risks, and monitor their investments in the ETF at least daily.

Fund Details

Ticker
HBKD
Inception Date
September 12, 2022
Net Assets ?
$4,786,806
As at  February 23, 2024
Consolidated Prior Day Volume ?
501
For  February 23, 2024
Average Daily Trading Volume Over a 12 Month Period ?
1,298
As at  February 23, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCBEW
Management Fee
1.15%
Plus applicable sales taxes
Management Expense Ratio ?
1.84%
As at June 30, 2023
Currency
CAD
Currency Hedging
N/A
LEI ?
54930044TBMRSK66ZD28
NAV / Unit
$18.8435
Price
$18.87
Premium Discount
$0.03
Premium Discount Percentage
0.14%
Outstanding Shares
254,030

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**
BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF 4.59 -27.19 -1.23 4.59 5.93 -- -- -- -4.41

**Fund performance since inception on September 12, 2022, as at January 31, 2024

Calendar Year Performance (%) *

2016 2017 2018 2019 2020 2021 2022 2023

BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF

-- -- -- -- -- -- -- -14.50

Distributions

Distribution data is not currently available.

Underlying Index Holdings

As at January 31, 2024
Security Name Weight
Canadian Imperial Bank of Commerce 17.69%
National Bank of Canada 17.21%
Bank of Montreal 17.17%
Royal Bank of Canada 16.91%
Toronto-Dominion Bank 15.68%
Bank of Nova Scotia 15.34%
At a Glance

Investment Objective

HBKD seeks daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Equal Weight Canada Banks Index (the “Underlying Index”). HBKD does not seek to achieve its stated investment objective over a period of time greater than one day.

HBKD uses leverage and is riskier than funds that do not.

HBKD is very different from most exchange-traded funds, and is permitted to use strategies generally prohibited by conventional mutual funds. While such strategies will only be used in accordance with the investment objective and strategy of the ETF, during certain market conditions, they may accelerate the risk that an investment in the shares of the ETF decreases in value.

HBKD, before fees and expenses, does not and should not be expected to return two-times the inverse (i.e., -200%) of the return of its Underlying Index over any period of time greater than one day.

The returns of HBKD over periods longer than one day will not be expected, under most market conditions, to be two-times the opposite direction from the performance of its Underlying Index for the same period. Furthermore, the deviation of returns of HBKD from the two-times inverse performance of its Underlying Index can be expected to become more pronounced as the volatility of HBKD’s Underlying Index, and/or the period of time, increases.

Investors should read the prospectus to understand the risks, and monitor their investments in the ETF at least daily.

Product Facts

Fund Details

Ticker
HBKD
Inception Date
September 12, 2022
Net Assets ?
$4,786,806
As at  February 23, 2024
Consolidated Prior Day Volume ?
501
ForFebruary 23, 2024
Average Daily Trading Volume Over a 12 Month Period ?
1,298
As at  February 23, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCBEW
Management Fee
1.15%
Plus applicable sales taxes
Management Expense Ratio ?
1.84%
 As at June 30, 2023
Currency
CAD
Currency Hedging
N/A
LEI ?
54930044TBMRSK66ZD28
NAV / Unit
$18.8435
Price
$18.87
Premium Discount
$0.03
Premium Discount Percentage
0.14%
Outstanding Shares
254,030

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**
BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF 4.59 -27.19 -1.23 4.59 5.93 -- -- -- -4.41

**Fund performance since inception on September 12, 2022, as at January 31, 2024

Calendar Year Performance (%)

2016 2017 2018 2019 2020 2021 2022 2023
BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF -- -- -- -- -- -- -- -14.50

Distributions

Distribution data is not currently available.

Holdings

Underlying Index Holdings

As at January 31, 2024
Security Name Weight
Canadian Imperial Bank of Commerce 17.69%
National Bank of Canada 17.21%
Bank of Montreal 17.17%
Royal Bank of Canada 16.91%
Toronto-Dominion Bank 15.68%
Bank of Nova Scotia 15.34%

Related Posts

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