HFR
Investment Objective
HFR seeks to generate income that is consistent with prevailing Canadian short term corporate bond yields while reducing the potential effects of Canadian interest rate fluctuations on HFR. HFR invests primarily in a portfolio of Canadian debt (including debt-like securities) directly, and hedges the portfolio’s interest rate risk by maintaining a portfolio duration that is not more than one year. HFR may also invest directly in debt of U.S. companies, as well as indirectly through investments in securities of Listed Funds. HFR uses derivatives, including interest rate swaps, to deliver a floating rate of income
Fund Details
Ticker
HFR
Inception Date
December 10, 2010
Net Assets ?
$413,616,829
As at December 01, 2023
Consolidated Prior Day Volume ?
118 742
For December 01, 2023
Average Daily Trading Volume Over a 12 Month Period ?
224,819
As at December 01, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.40%
(Plus applicable sales taxes)
Management Expense Ratio ?
0.47%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300D74BMB1ZVQF977
Distribution Metrics
Most Recent Distributions Per Unit
$0.04750
Annualized Distribution Yield ?
5.82 %
As at December 01, 2023
12-Month Trailing Yield ?
5.65 %
Distribution Frequency
Monthly
Record Date
November 30, 2023
Portfolio Investment Metrics
As at October 31, 2023
Weighted Average Duration ?
1.07
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.45
Weighted Average Yield to Maturity ?
6.39%
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 Active Ultra-Short Term Investment Grade Bond ETF | 0.34 | 0.91 | 2.37 | 4.91 | 6.52 | 2.12 | 2.52 | 2.17 | 2.36 |
**Fund performance since inception on December 10, 2010, as at October 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Active Ultra-Short Term Investment Grade Bond ETF |
0.09 | 2.83 | 2.35 | 0.93 | 4.29 | 3.40 | 0.83 | -0.55 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.0475 | — | Monthly |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.048 | — | Monthly |
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.049 | — | Monthly |
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.049 | — | Monthly |
| 2023 | 07/28/2023 | 07/31/2023 | 08/08/2023 | 0.049 | — | Monthly |
| 2023 | 06/29/2023 | 06/30/2023 | 07/10/2023 | 0.04468 | — | Monthly |
| 2023 | 05/30/2023 | 05/31/2023 | 06/07/2023 | 0.04468 | — | Monthly |
| 2023 | 04/27/2023 | 04/28/2023 | 05/05/2023 | 0.04468 | — | Monthly |
| 2023 | 03/30/2023 | 03/31/2023 | 04/10/2023 | 0.04498 | — | Monthly |
| 2023 | 02/27/2023 | 02/28/2023 | 03/07/2023 | 0.04498 | — | Monthly |
| 2023 | 01/30/2023 | 01/31/2023 | 02/10/2023 | 0.04498 | — | Monthly |
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.04229 | — | Monthly |
| 2022 | 11/29/2022 | 11/30/2022 | 12/12/2022 | 0.04229 | — | Monthly |
| 2022 | 10/28/2022 | 10/31/2022 | 11/10/2022 | 0.04229 | — | Monthly |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.04229 | — | Monthly |
| 2022 | 08/30/2022 | 08/31/2022 | 09/13/2022 | 0.03628 | — | Monthly |
| 2022 | 07/28/2022 | 07/29/2022 | 08/11/2022 | 0.02655 | — | Monthly |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.01975 | — | Monthly |
| 2022 | 05/30/2022 | 05/31/2022 | 06/10/2022 | 0.01975 | — | Monthly |
| 2022 | 04/28/2022 | 04/29/2022 | 05/11/2022 | 0.01975 | — | Monthly |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.01363 | — | Monthly |
| 2022 | 02/25/2022 | 02/28/2022 | 03/10/2022 | 0.01163 | — | Monthly |
| 2022 | 01/28/2022 | 01/31/2022 | 02/10/2022 | 0.01163 | — | Monthly |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.01239 | — | Monthly |
| 2021 | 11/29/2021 | 11/30/2021 | 12/10/2021 | 0.00923 | — | Monthly |
| 2021 | 10/28/2021 | 10/29/2021 | 11/10/2021 | 0.00923 | — | Monthly |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.00945 | — | Monthly |
| 2021 | 08/30/2021 | 08/31/2021 | 09/13/2021 | 0.00945 | — | Monthly |
| 2021 | 07/29/2021 | 07/30/2021 | 08/12/2021 | 0.00945 | — | Monthly |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.0097 | — | Monthly |
| 2021 | 05/28/2021 | 05/31/2021 | 06/10/2021 | 0.0097 | — | Monthly |
| 2021 | 04/29/2021 | 04/30/2021 | 05/12/2021 | 0.0097 | — | Monthly |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0101 | — | Monthly |
| 2021 | 02/25/2021 | 02/26/2021 | 03/10/2021 | 0.0109 | — | Monthly |
| 2021 | 01/28/2021 | 01/29/2021 | 02/10/2021 | 0.021 | — | Monthly |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.021 | — | Monthly |
| 2020 | 11/27/2020 | 11/30/2020 | 12/10/2020 | 0.021 | — | Monthly |
| 2020 | 10/29/2020 | 10/30/2020 | 11/12/2020 | 0.021 | — | Monthly |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0213 | — | Monthly |
| 2020 | 08/28/2020 | 08/31/2020 | 09/11/2020 | 0.0213 | — | Monthly |
| 2020 | 07/30/2020 | 07/31/2020 | 08/13/2020 | 0.0213 | — | Monthly |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.0246 | — | Monthly |
| 2020 | 05/28/2020 | 05/29/2020 | 06/10/2020 | 0.0246 | — | Monthly |
| 2020 | 04/29/2020 | 04/30/2020 | 05/12/2020 | 0.0246 | — | Monthly |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0283 | — | Monthly |
| 2020 | 02/27/2020 | 02/28/2020 | 03/11/2020 | 0.0218 | — | Monthly |
| 2020 | 01/30/2020 | 01/31/2020 | 02/12/2020 | 0.0218 | — | Monthly |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0253 | — | Monthly |
| 2019 | 11/28/2019 | 11/29/2019 | 12/11/2019 | 0.0224 | — | Monthly |
| 2019 | 10/30/2019 | 10/31/2019 | 11/13/2019 | 0.0214 | — | Monthly |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.0209 | — | Monthly |
| 2019 | 08/29/2019 | 08/30/2019 | 09/12/2019 | 0.0209 | — | Monthly |
| 2019 | 07/30/2019 | 07/31/2019 | 08/13/2019 | 0.0209 | — | Monthly |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0216 | — | Monthly |
| 2019 | 05/30/2019 | 05/31/2019 | 06/12/2019 | 0.0216 | — | Monthly |
| 2019 | 04/29/2019 | 04/30/2019 | 05/10/2019 | 0.0216 | — | Monthly |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0221 | — | Monthly |
| 2019 | 02/27/2019 | 02/28/2019 | 03/12/2019 | 0.0221 | — | Monthly |
| 2019 | 01/30/2019 | 01/31/2019 | 02/12/2019 | 0.0221 | — | Monthly |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0205 | — | Monthly |
| 2018 | 11/29/2018 | 11/30/2018 | 12/12/2018 | 0.0205 | — | Monthly |
| 2018 | 10/30/2018 | 10/31/2018 | 11/13/2018 | 0.0205 | — | Monthly |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0188 | — | Monthly |
| 2018 | 08/30/2018 | 08/31/2018 | 09/13/2018 | 0.0188 | — | Monthly |
| 2018 | 07/30/2018 | 07/31/2018 | 08/13/2018 | 0.0188 | — | Monthly |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0192 | — | Monthly |
| 2018 | 05/30/2018 | 05/31/2018 | 06/12/2018 | 0.0192 | — | Monthly |
| 2018 | 04/27/2018 | 04/30/2018 | 05/10/2018 | 0.0192 | — | Monthly |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0191 | — | Monthly |
| 2018 | 02/27/2018 | 02/28/2018 | 03/12/2018 | 0.0191 | — | Monthly |
| 2018 | 01/30/2018 | 01/31/2018 | 02/12/2018 | 0.0191 | — | Monthly |
| 2017 | 12/28/2017 | 12/29/2017 | 01/11/2018 | 0.0194 | — | Monthly |
| 2017 | 11/29/2017 | 11/30/2017 | 12/12/2017 | 0.0194 | — | Monthly |
| 2017 | 10/30/2017 | 10/31/2017 | 11/10/2017 | 0.0194 | — | Monthly |
| 2017 | 09/28/2017 | 09/29/2017 | 10/12/2017 | 0.0169 | — | Monthly |
| 2017 | 08/29/2017 | 08/31/2017 | 09/13/2017 | 0.0169 | — | Monthly |
| 2017 | 07/27/2017 | 07/31/2017 | 08/11/2017 | 0.0169 | — | Monthly |
| 2017 | 06/28/2017 | 06/30/2017 | 07/13/2017 | 0.0169 | — | Monthly |
| 2017 | 05/29/2017 | 05/31/2017 | 06/12/2017 | 0.0169 | — | Monthly |
| 2017 | 04/25/2017 | 04/27/2017 | 05/09/2017 | 0.0169 | — | Monthly |
| 2017 | 03/29/2017 | 03/31/2017 | 04/12/2017 | 0.0178 | — | Monthly |
| 2017 | 02/24/2017 | 02/28/2017 | 03/10/2017 | 0.0178 | — | Monthly |
| 2017 | 01/27/2017 | 01/31/2017 | 02/10/2017 | 0.0178 | — | Monthly |
| 2016 | 12/28/2016 | 12/30/2016 | 01/12/2017 | 0.018 | — | Monthly |
| 2016 | 11/28/2016 | 11/30/2016 | 12/01/2016 | 0.0176 | — | Monthly |
| 2016 | 10/27/2016 | 10/31/2016 | 11/10/2016 | 0.0176 | — | Monthly |
| 2016 | 09/28/2016 | 09/30/2016 | 10/13/2016 | 0.017 | — | Monthly |
| 2016 | 08/29/2016 | 08/31/2016 | 09/13/2016 | 0.0176 | — | Monthly |
| 2016 | 07/27/2016 | 07/29/2016 | 08/11/2016 | 0.017 | — | Monthly |
| 2016 | 06/28/2016 | 06/30/2016 | 07/13/2016 | 0.0155 | — | Monthly |
| 2016 | 05/27/2016 | 05/31/2016 | 06/18/2016 | 0.0155 | — | Monthly |
| 2016 | 04/27/2016 | 04/29/2016 | 05/11/2016 | 0.0155 | — | Monthly |
| 2016 | 03/29/2016 | 03/31/2016 | 04/12/2016 | 0.0155 | — | Monthly |
| 2016 | 02/25/2016 | 02/29/2016 | 03/10/2016 | 0.0155 | — | Monthly |
| 2016 | 01/27/2016 | 01/29/2016 | 02/10/2016 | 0.0155 | — | Monthly |
| 2015 | 12/29/2015 | 12/31/2015 | 01/13/2016 | 0.0186 | — | Monthly |
| 2015 | 11/26/2015 | 11/30/2015 | 12/10/2015 | 0.0186 | — | Monthly |
| 2015 | 10/28/2015 | 10/31/2015 | 11/12/2015 | 0.0186 | — | Monthly |
| 2015 | 09/28/2015 | 09/30/2015 | 10/13/2015 | 0.0163 | — | Monthly |
| 2015 | 08/27/2015 | 08/31/2015 | 09/11/2015 | 0.0163 | — | Monthly |
| 2015 | 07/29/2015 | 07/31/2015 | 08/13/2015 | 0.0163 | — | Monthly |
| 2015 | 06/26/2015 | 06/30/2015 | 07/13/2015 | 0.017 | — | Monthly |
| 2015 | 05/27/2015 | 05/29/2015 | 06/10/2015 | 0.017 | — | Monthly |
| 2015 | 04/28/2015 | 04/30/2015 | 05/12/2015 | 0.017 | — | Monthly |
| 2015 | 03/27/2015 | 03/31/2015 | 04/13/2015 | 0.0187 | — | Monthly |
| 2015 | 02/25/2015 | 02/27/2015 | 03/11/2015 | 0.0187 | — | Monthly |
| 2015 | 01/28/2015 | 01/30/2015 | 02/11/2015 | 0.0187 | — | Monthly |
| 2014 | 12/29/2014 | 12/31/2014 | 01/13/2015 | 0.0181 | — | Monthly |
| 2014 | 11/26/2014 | 11/28/2014 | 12/10/2014 | 0.0177 | — | Monthly |
| 2014 | 10/29/2014 | 10/31/2014 | 11/12/2014 | 0.0177 | — | Monthly |
| 2014 | 09/26/2014 | 09/30/2014 | 10/10/2014 | 0.0185 | — | Monthly |
| 2014 | 08/27/2014 | 08/29/2014 | 09/11/2014 | 0.0185 | — | Monthly |
| 2014 | 07/29/2014 | 07/31/2014 | 08/13/2014 | 0.0185 | — | Monthly |
| 2014 | 06/26/2014 | 06/30/2014 | 07/11/2014 | 0.0185 | — | Monthly |
| 2014 | 05/28/2014 | 05/30/2014 | 06/11/2014 | 0.0185 | — | Monthly |
| 2014 | 04/28/2014 | 04/30/2014 | 05/12/2014 | 0.0185 | — | Monthly |
| 2014 | 03/27/2014 | 03/31/2014 | 04/10/2014 | 0.0181 | — | Monthly |
| 2014 | 02/26/2014 | 02/28/2014 | 03/10/2014 | 0.0181 | — | Monthly |
| 2014 | 01/29/2014 | 01/31/2014 | 02/12/2014 | 0.0181 | — | Monthly |
| 2013 | 12/27/2013 | 12/31/2013 | 01/13/2014 | 0.0202 | — | Monthly |
| 2013 | 11/27/2013 | 11/29/2013 | 12/11/2013 | 0.0202 | — | Monthly |
| 2013 | 10/29/2013 | 10/31/2013 | 11/12/2013 | 0.0202 | — | Monthly |
| 2013 | 09/26/2013 | 09/30/2013 | 10/10/2013 | 0.0204 | — | Monthly |
| 2013 | 08/28/2013 | 08/30/2013 | 09/12/2013 | 0.0204 | — | Monthly |
| 2013 | 07/29/2013 | 07/31/2013 | 08/13/2013 | 0.0204 | — | Monthly |
| 2013 | 06/26/2013 | 06/28/2013 | 07/11/2013 | 0.0206 | — | Monthly |
| 2013 | 05/29/2013 | 05/31/2013 | 06/12/2013 | 0.0206 | — | Monthly |
| 2013 | 04/26/2013 | 04/30/2013 | 05/10/2013 | 0.0206 | — | Monthly |
| 2013 | 03/26/2013 | 03/28/2013 | 04/10/2013 | 0.0213 | — | Monthly |
| 2013 | 02/26/2013 | 02/28/2013 | 03/12/2013 | 0.0213 | — | Monthly |
| 2013 | 01/29/2013 | 01/31/2013 | 02/12/2013 | 0.0213 | — | Monthly |
| 2012 | 12/27/2012 | 12/31/2012 | 01/11/2013 | 0.0194 | — | Monthly |
| 2012 | 11/28/2012 | 11/30/2012 | 12/12/2012 | 0.0194 | — | Monthly |
| 2012 | 10/29/2012 | 10/31/2012 | 11/09/2012 | 0.0194 | — | Monthly |
| 2012 | 09/26/2012 | 09/28/2012 | 10/11/2012 | 0.0216 | — | Monthly |
| 2012 | 08/29/2012 | 08/31/2012 | 09/13/2012 | 0.0216 | — | Monthly |
| 2012 | 07/27/2012 | 07/31/2012 | 08/13/2012 | 0.0216 | — | Monthly |
| 2012 | 06/27/2012 | 06/29/2012 | 07/12/2012 | 0.0195 | — | Monthly |
| 2012 | 05/29/2012 | 05/31/2012 | 06/12/2012 | 0.0195 | — | Monthly |
| 2012 | 04/26/2012 | 04/30/2012 | 05/10/2012 | 0.0195 | — | Monthly |
| 2012 | 03/28/2012 | 03/30/2012 | 04/12/2012 | 0.0212 | — | Monthly |
| 2012 | 02/27/2012 | 02/29/2012 | 03/12/2012 | 0.0212 | — | Monthly |
| 2012 | 01/27/2012 | 01/31/2012 | 02/10/2012 | 0.0212 | — | Monthly |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0226 | — | Monthly |
| 2011 | 11/28/2011 | 11/30/2011 | 12/12/2011 | 0.0226 | — | Monthly |
| 2011 | 10/27/2011 | 10/31/2011 | 11/10/2011 | 0.0226 | — | Monthly |
| 2011 | 09/28/2011 | 09/30/2011 | 10/13/2011 | 0.0208 | — | Monthly |
| 2011 | 08/29/2011 | 08/31/2011 | 09/13/2011 | 0.0208 | — | Monthly |
| 2011 | 07/27/2011 | 07/29/2011 | 08/11/2011 | 0.0208 | — | Monthly |
| 2011 | 06/27/2011 | 06/29/2011 | 07/12/2011 | 0.0215 | — | Monthly |
| 2011 | 05/27/2011 | 05/31/2011 | 06/10/2011 | 0.0215 | — | Monthly |
| 2011 | 04/27/2011 | 04/29/2011 | 05/11/2011 | 0.0215 | — | Monthly |
| 2011 | 03/29/2011 | 03/31/2011 | 04/12/2011 | 0.0216 | — | Monthly |
| 2011 | 02/24/2011 | 02/28/2011 | 03/10/2011 | 0.0216 | — | Monthly |
| 2011 | 01/27/2011 | 01/31/2011 | 02/10/2011 | 0.0345 | — | Monthly |
Sector Allocation
As at October 31, 2023| Financials | 57.82% |
| Real Estate | 11.82% |
| Energy | 11.59% |
| Communication | 5.94% |
| Cash & Equivalents | 5.85% |
| Industrial Services | 3.77% |
| Securitization | 2.15% |
| Infrastructure | 0.89% |
| Provincial | 0.18% |
Credit Ratings
As at October 31, 2023| AAA | 3.64% |
| AA | 0.42% |
| A+ | 1.73% |
| A | 14.60% |
| A- | 22.69% |
| BBB+ | 23.27% |
| BBB | 15.21% |
| BBB- | 14.14% |
| BB+ | 2.11% |
| BB | 1.80% |
| BB- | 0.38% |
Top 10 Holdings
As at October 31, 2023| Security Name | Weight |
|---|---|
| IRS R CDOR03M P 3.235 5.02% 05-Aug-2027 | 3.89% |
| IRS R CDOR03M P 3.21 5.49% 12-Aug-2029 | 2.60% |
| Federation Csses Desjardins Qc 2.86% 26-May-2030 | 2.49% |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 1.94% |
| Choice Properties REIT 3.56% 09-Sep-2024 | 1.91% |
| Transcanada Pipelines Ltd 3.80% 05-Apr-2027 | 1.72% |
| Bank of Nova Scotia 1.85% 02-Nov-2026 | 1.54% |
| Manulife Financial Corp 4.06% 24-Feb-2032 | 1.45% |
| Wells Fargo & Co 3.87% 21-May-2025 | 1.44% |
| Rogers Communications Inc 3.65% 31-Mar-2027 | 1.43% |
Education
Regulatory and Legal
At a Glance
Investment Objective
HFR seeks to generate income that is consistent with prevailing Canadian short term corporate bond yields while reducing the potential effects of Canadian interest rate fluctuations on HFR. HFR invests primarily in a portfolio of Canadian debt (including debt-like securities) directly, and hedges the portfolio’s interest rate risk by maintaining a portfolio duration that is not more than one year. HFR may also invest directly in debt of U.S. companies, as well as indirectly through investments in securities of Listed Funds. HFR uses derivatives, including interest rate swaps, to deliver a floating rate of income
Product Facts
Fund Details
Ticker
HFR
Inception Date
December 10, 2010
Net Assets ?
$413,616,829
As at December 01, 2023
Consolidated Prior Day Volume ?
118 742
ForDecember 01, 2023
Average Daily Trading Volume Over a 12 Month Period ?
224,819
As at December 01, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.40%
(Plus applicable sales taxes)
Management Expense Ratio ?
0.47%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300D74BMB1ZVQF977
Distribution Metrics
As at December 01, 2023
Most Recent Distributions Per Unit
0.0475
Annualized Distribution Yield ?
5.82 %
As at December 01, 2023
12-Month Trailing Yield ?
5.65 %
Distribution Frequency
Monthly
Record Date
November 30, 2023
Portfolio Investment Metrics
As at October 31, 2023
Weighted Average Duration ?
1.07
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.45
Weighted Average Yield to Maturity ?
6.39%
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 Active Ultra-Short Term Investment Grade Bond ETF | 0.34 | 0.91 | 2.37 | 4.91 | 6.52 | 2.12 | 2.52 | 2.17 | 2.36 |
**Fund performance since inception on December 10, 2010, as at October 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Active Ultra-Short Term Investment Grade Bond ETF | 0.09 | 2.83 | 2.35 | 0.93 | 4.29 | 3.40 | 0.83 | -0.55 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.0475 | Monthly | |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.048 | Monthly | |
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.049 | Monthly | |
| 2023 | 08/30/2023 | 08/31/2023 | 09/08/2023 | 0.049 | Monthly | |
| 2023 | 07/28/2023 | 07/31/2023 | 08/08/2023 | 0.049 | Monthly | |
| 2023 | 06/29/2023 | 06/30/2023 | 07/10/2023 | 0.04468 | Monthly | |
| 2023 | 05/30/2023 | 05/31/2023 | 06/07/2023 | 0.04468 | Monthly | |
| 2023 | 04/27/2023 | 04/28/2023 | 05/05/2023 | 0.04468 | Monthly | |
| 2023 | 03/30/2023 | 03/31/2023 | 04/10/2023 | 0.04498 | Monthly | |
| 2023 | 02/27/2023 | 02/28/2023 | 03/07/2023 | 0.04498 | Monthly | |
| 2023 | 01/30/2023 | 01/31/2023 | 02/10/2023 | 0.04498 | Monthly | |
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.04229 | Monthly | |
| 2022 | 11/29/2022 | 11/30/2022 | 12/12/2022 | 0.04229 | Monthly | |
| 2022 | 10/28/2022 | 10/31/2022 | 11/10/2022 | 0.04229 | Monthly | |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.04229 | Monthly | |
| 2022 | 08/30/2022 | 08/31/2022 | 09/13/2022 | 0.03628 | Monthly | |
| 2022 | 07/28/2022 | 07/29/2022 | 08/11/2022 | 0.02655 | Monthly | |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.01975 | Monthly | |
| 2022 | 05/30/2022 | 05/31/2022 | 06/10/2022 | 0.01975 | Monthly | |
| 2022 | 04/28/2022 | 04/29/2022 | 05/11/2022 | 0.01975 | Monthly | |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.01363 | Monthly | |
| 2022 | 02/25/2022 | 02/28/2022 | 03/10/2022 | 0.01163 | Monthly | |
| 2022 | 01/28/2022 | 01/31/2022 | 02/10/2022 | 0.01163 | Monthly | |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.01239 | Monthly | |
| 2021 | 11/29/2021 | 11/30/2021 | 12/10/2021 | 0.00923 | Monthly | |
| 2021 | 10/28/2021 | 10/29/2021 | 11/10/2021 | 0.00923 | Monthly | |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.00945 | Monthly | |
| 2021 | 08/30/2021 | 08/31/2021 | 09/13/2021 | 0.00945 | Monthly | |
| 2021 | 07/29/2021 | 07/30/2021 | 08/12/2021 | 0.00945 | Monthly | |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.0097 | Monthly | |
| 2021 | 05/28/2021 | 05/31/2021 | 06/10/2021 | 0.0097 | Monthly | |
| 2021 | 04/29/2021 | 04/30/2021 | 05/12/2021 | 0.0097 | Monthly | |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0101 | Monthly | |
| 2021 | 02/25/2021 | 02/26/2021 | 03/10/2021 | 0.0109 | Monthly | |
| 2021 | 01/28/2021 | 01/29/2021 | 02/10/2021 | 0.021 | Monthly | |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.021 | Monthly | |
| 2020 | 11/27/2020 | 11/30/2020 | 12/10/2020 | 0.021 | Monthly | |
| 2020 | 10/29/2020 | 10/30/2020 | 11/12/2020 | 0.021 | Monthly | |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0213 | Monthly | |
| 2020 | 08/28/2020 | 08/31/2020 | 09/11/2020 | 0.0213 | Monthly | |
| 2020 | 07/30/2020 | 07/31/2020 | 08/13/2020 | 0.0213 | Monthly | |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.0246 | Monthly | |
| 2020 | 05/28/2020 | 05/29/2020 | 06/10/2020 | 0.0246 | Monthly | |
| 2020 | 04/29/2020 | 04/30/2020 | 05/12/2020 | 0.0246 | Monthly | |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0283 | Monthly | |
| 2020 | 02/27/2020 | 02/28/2020 | 03/11/2020 | 0.0218 | Monthly | |
| 2020 | 01/30/2020 | 01/31/2020 | 02/12/2020 | 0.0218 | Monthly | |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0253 | Monthly | |
| 2019 | 11/28/2019 | 11/29/2019 | 12/11/2019 | 0.0224 | Monthly | |
| 2019 | 10/30/2019 | 10/31/2019 | 11/13/2019 | 0.0214 | Monthly | |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.0209 | Monthly | |
| 2019 | 08/29/2019 | 08/30/2019 | 09/12/2019 | 0.0209 | Monthly | |
| 2019 | 07/30/2019 | 07/31/2019 | 08/13/2019 | 0.0209 | Monthly | |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0216 | Monthly | |
| 2019 | 05/30/2019 | 05/31/2019 | 06/12/2019 | 0.0216 | Monthly | |
| 2019 | 04/29/2019 | 04/30/2019 | 05/10/2019 | 0.0216 | Monthly | |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0221 | Monthly | |
| 2019 | 02/27/2019 | 02/28/2019 | 03/12/2019 | 0.0221 | Monthly | |
| 2019 | 01/30/2019 | 01/31/2019 | 02/12/2019 | 0.0221 | Monthly | |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0205 | Monthly | |
| 2018 | 11/29/2018 | 11/30/2018 | 12/12/2018 | 0.0205 | Monthly | |
| 2018 | 10/30/2018 | 10/31/2018 | 11/13/2018 | 0.0205 | Monthly | |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0188 | Monthly | |
| 2018 | 08/30/2018 | 08/31/2018 | 09/13/2018 | 0.0188 | Monthly | |
| 2018 | 07/30/2018 | 07/31/2018 | 08/13/2018 | 0.0188 | Monthly | |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0192 | Monthly | |
| 2018 | 05/30/2018 | 05/31/2018 | 06/12/2018 | 0.0192 | Monthly | |
| 2018 | 04/27/2018 | 04/30/2018 | 05/10/2018 | 0.0192 | Monthly | |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0191 | Monthly | |
| 2018 | 02/27/2018 | 02/28/2018 | 03/12/2018 | 0.0191 | Monthly | |
| 2018 | 01/30/2018 | 01/31/2018 | 02/12/2018 | 0.0191 | Monthly | |
| 2017 | 12/28/2017 | 12/29/2017 | 01/11/2018 | 0.0194 | Monthly | |
| 2017 | 11/29/2017 | 11/30/2017 | 12/12/2017 | 0.0194 | Monthly | |
| 2017 | 10/30/2017 | 10/31/2017 | 11/10/2017 | 0.0194 | Monthly | |
| 2017 | 09/28/2017 | 09/29/2017 | 10/12/2017 | 0.0169 | Monthly | |
| 2017 | 08/29/2017 | 08/31/2017 | 09/13/2017 | 0.0169 | Monthly | |
| 2017 | 07/27/2017 | 07/31/2017 | 08/11/2017 | 0.0169 | Monthly | |
| 2017 | 06/28/2017 | 06/30/2017 | 07/13/2017 | 0.0169 | Monthly | |
| 2017 | 05/29/2017 | 05/31/2017 | 06/12/2017 | 0.0169 | Monthly | |
| 2017 | 04/25/2017 | 04/27/2017 | 05/09/2017 | 0.0169 | Monthly | |
| 2017 | 03/29/2017 | 03/31/2017 | 04/12/2017 | 0.0178 | Monthly | |
| 2017 | 02/24/2017 | 02/28/2017 | 03/10/2017 | 0.0178 | Monthly | |
| 2017 | 01/27/2017 | 01/31/2017 | 02/10/2017 | 0.0178 | Monthly | |
| 2016 | 12/28/2016 | 12/30/2016 | 01/12/2017 | 0.018 | Monthly | |
| 2016 | 11/28/2016 | 11/30/2016 | 12/01/2016 | 0.0176 | Monthly | |
| 2016 | 10/27/2016 | 10/31/2016 | 11/10/2016 | 0.0176 | Monthly | |
| 2016 | 09/28/2016 | 09/30/2016 | 10/13/2016 | 0.017 | Monthly | |
| 2016 | 08/29/2016 | 08/31/2016 | 09/13/2016 | 0.0176 | Monthly | |
| 2016 | 07/27/2016 | 07/29/2016 | 08/11/2016 | 0.017 | Monthly | |
| 2016 | 06/28/2016 | 06/30/2016 | 07/13/2016 | 0.0155 | Monthly | |
| 2016 | 05/27/2016 | 05/31/2016 | 06/18/2016 | 0.0155 | Monthly | |
| 2016 | 04/27/2016 | 04/29/2016 | 05/11/2016 | 0.0155 | Monthly | |
| 2016 | 03/29/2016 | 03/31/2016 | 04/12/2016 | 0.0155 | Monthly | |
| 2016 | 02/25/2016 | 02/29/2016 | 03/10/2016 | 0.0155 | Monthly | |
| 2016 | 01/27/2016 | 01/29/2016 | 02/10/2016 | 0.0155 | Monthly | |
| 2015 | 12/29/2015 | 12/31/2015 | 01/13/2016 | 0.0186 | Monthly | |
| 2015 | 11/26/2015 | 11/30/2015 | 12/10/2015 | 0.0186 | Monthly | |
| 2015 | 10/28/2015 | 10/31/2015 | 11/12/2015 | 0.0186 | Monthly | |
| 2015 | 09/28/2015 | 09/30/2015 | 10/13/2015 | 0.0163 | Monthly | |
| 2015 | 08/27/2015 | 08/31/2015 | 09/11/2015 | 0.0163 | Monthly | |
| 2015 | 07/29/2015 | 07/31/2015 | 08/13/2015 | 0.0163 | Monthly | |
| 2015 | 06/26/2015 | 06/30/2015 | 07/13/2015 | 0.017 | Monthly | |
| 2015 | 05/27/2015 | 05/29/2015 | 06/10/2015 | 0.017 | Monthly | |
| 2015 | 04/28/2015 | 04/30/2015 | 05/12/2015 | 0.017 | Monthly | |
| 2015 | 03/27/2015 | 03/31/2015 | 04/13/2015 | 0.0187 | Monthly | |
| 2015 | 02/25/2015 | 02/27/2015 | 03/11/2015 | 0.0187 | Monthly | |
| 2015 | 01/28/2015 | 01/30/2015 | 02/11/2015 | 0.0187 | Monthly | |
| 2014 | 12/29/2014 | 12/31/2014 | 01/13/2015 | 0.0181 | Monthly | |
| 2014 | 11/26/2014 | 11/28/2014 | 12/10/2014 | 0.0177 | Monthly | |
| 2014 | 10/29/2014 | 10/31/2014 | 11/12/2014 | 0.0177 | Monthly | |
| 2014 | 09/26/2014 | 09/30/2014 | 10/10/2014 | 0.0185 | Monthly | |
| 2014 | 08/27/2014 | 08/29/2014 | 09/11/2014 | 0.0185 | Monthly | |
| 2014 | 07/29/2014 | 07/31/2014 | 08/13/2014 | 0.0185 | Monthly | |
| 2014 | 06/26/2014 | 06/30/2014 | 07/11/2014 | 0.0185 | Monthly | |
| 2014 | 05/28/2014 | 05/30/2014 | 06/11/2014 | 0.0185 | Monthly | |
| 2014 | 04/28/2014 | 04/30/2014 | 05/12/2014 | 0.0185 | Monthly | |
| 2014 | 03/27/2014 | 03/31/2014 | 04/10/2014 | 0.0181 | Monthly | |
| 2014 | 02/26/2014 | 02/28/2014 | 03/10/2014 | 0.0181 | Monthly | |
| 2014 | 01/29/2014 | 01/31/2014 | 02/12/2014 | 0.0181 | Monthly | |
| 2013 | 12/27/2013 | 12/31/2013 | 01/13/2014 | 0.0202 | Monthly | |
| 2013 | 11/27/2013 | 11/29/2013 | 12/11/2013 | 0.0202 | Monthly | |
| 2013 | 10/29/2013 | 10/31/2013 | 11/12/2013 | 0.0202 | Monthly | |
| 2013 | 09/26/2013 | 09/30/2013 | 10/10/2013 | 0.0204 | Monthly | |
| 2013 | 08/28/2013 | 08/30/2013 | 09/12/2013 | 0.0204 | Monthly | |
| 2013 | 07/29/2013 | 07/31/2013 | 08/13/2013 | 0.0204 | Monthly | |
| 2013 | 06/26/2013 | 06/28/2013 | 07/11/2013 | 0.0206 | Monthly | |
| 2013 | 05/29/2013 | 05/31/2013 | 06/12/2013 | 0.0206 | Monthly | |
| 2013 | 04/26/2013 | 04/30/2013 | 05/10/2013 | 0.0206 | Monthly | |
| 2013 | 03/26/2013 | 03/28/2013 | 04/10/2013 | 0.0213 | Monthly | |
| 2013 | 02/26/2013 | 02/28/2013 | 03/12/2013 | 0.0213 | Monthly | |
| 2013 | 01/29/2013 | 01/31/2013 | 02/12/2013 | 0.0213 | Monthly | |
| 2012 | 12/27/2012 | 12/31/2012 | 01/11/2013 | 0.0194 | Monthly | |
| 2012 | 11/28/2012 | 11/30/2012 | 12/12/2012 | 0.0194 | Monthly | |
| 2012 | 10/29/2012 | 10/31/2012 | 11/09/2012 | 0.0194 | Monthly | |
| 2012 | 09/26/2012 | 09/28/2012 | 10/11/2012 | 0.0216 | Monthly | |
| 2012 | 08/29/2012 | 08/31/2012 | 09/13/2012 | 0.0216 | Monthly | |
| 2012 | 07/27/2012 | 07/31/2012 | 08/13/2012 | 0.0216 | Monthly | |
| 2012 | 06/27/2012 | 06/29/2012 | 07/12/2012 | 0.0195 | Monthly | |
| 2012 | 05/29/2012 | 05/31/2012 | 06/12/2012 | 0.0195 | Monthly | |
| 2012 | 04/26/2012 | 04/30/2012 | 05/10/2012 | 0.0195 | Monthly | |
| 2012 | 03/28/2012 | 03/30/2012 | 04/12/2012 | 0.0212 | Monthly | |
| 2012 | 02/27/2012 | 02/29/2012 | 03/12/2012 | 0.0212 | Monthly | |
| 2012 | 01/27/2012 | 01/31/2012 | 02/10/2012 | 0.0212 | Monthly | |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0226 | Monthly | |
| 2011 | 11/28/2011 | 11/30/2011 | 12/12/2011 | 0.0226 | Monthly | |
| 2011 | 10/27/2011 | 10/31/2011 | 11/10/2011 | 0.0226 | Monthly | |
| 2011 | 09/28/2011 | 09/30/2011 | 10/13/2011 | 0.0208 | Monthly | |
| 2011 | 08/29/2011 | 08/31/2011 | 09/13/2011 | 0.0208 | Monthly | |
| 2011 | 07/27/2011 | 07/29/2011 | 08/11/2011 | 0.0208 | Monthly | |
| 2011 | 06/27/2011 | 06/29/2011 | 07/12/2011 | 0.0215 | Monthly | |
| 2011 | 05/27/2011 | 05/31/2011 | 06/10/2011 | 0.0215 | Monthly | |
| 2011 | 04/27/2011 | 04/29/2011 | 05/11/2011 | 0.0215 | Monthly | |
| 2011 | 03/29/2011 | 03/31/2011 | 04/12/2011 | 0.0216 | Monthly | |
| 2011 | 02/24/2011 | 02/28/2011 | 03/10/2011 | 0.0216 | Monthly | |
| 2011 | 01/27/2011 | 01/31/2011 | 02/10/2011 | 0.0345 | Monthly |
Holdings
Sector Allocation
As at October 31, 2023| Financials | 57.82% |
| Real Estate | 11.82% |
| Energy | 11.59% |
| Communication | 5.94% |
| Cash & Equivalents | 5.85% |
| Industrial Services | 3.77% |
| Securitization | 2.15% |
| Infrastructure | 0.89% |
| Provincial | 0.18% |
Credit Ratings
As at October 31, 2023| AAA | 3.64% |
| AA | 0.42% |
| A+ | 1.73% |
| A | 14.60% |
| A- | 22.69% |
| BBB+ | 23.27% |
| BBB | 15.21% |
| BBB- | 14.14% |
| BB+ | 2.11% |
| BB | 1.80% |
| BB- | 0.38% |
Top 10 Holdings
As at October 31, 2023| Security Name | Weight |
|---|---|
| IRS R CDOR03M P 3.235 5.02% 05-Aug-2027 | 3.89% |
| IRS R CDOR03M P 3.21 5.49% 12-Aug-2029 | 2.60% |
| Federation Csses Desjardins Qc 2.86% 26-May-2030 | 2.49% |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 1.94% |
| Choice Properties REIT 3.56% 09-Sep-2024 | 1.91% |
| Transcanada Pipelines Ltd 3.80% 05-Apr-2027 | 1.72% |
| Bank of Nova Scotia 1.85% 02-Nov-2026 | 1.54% |
| Manulife Financial Corp 4.06% 24-Feb-2032 | 1.45% |
| Wells Fargo & Co 3.87% 21-May-2025 | 1.44% |
| Rogers Communications Inc 3.65% 31-Mar-2027 | 1.43% |
Documents
