HGGB
Get Exposure to a Global Universe of U.S. Dollar Denominated Green Bonds
A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for projects that have climate and environmental objectives and benefits. Horizons S&P Green Bond Index ETF (HGGB) is the first Canadian-listed ETF focused on providing exposure to the global green-labelled bonds issued in U.S. dollars.
Key Features
• Green Bonds: Canada’s First globally focused ETF that invests exclusively in Green bond issuances
• True “Green” Verification: All issuers in the Underlying Index are independently verified by the Climate Bonds Initiative, an international, investor-focused not-for-profit
• Global Exposure: The ETF portfolio provides global exposure for Canadian investors
• Global Bond Trading Optimization: Transacting global bonds in Canada can be difficult from a liquidity standpoint. Horizons will use a Sub-Advisor to optimize trading execution and utilize stratified sampling to replicate the Underlying Index
Investment Objective
HGGB seeks to replicate, to the extent possible and net of expenses, the performance of a market index that is designed to provide exposure to the performance of global green-labeled bonds issued in U.S. dollars that are subject to stringent eligibility criteria to fund projects that have positive environmental or climate benefits. Currently, the ETF seeks to replicate the performance of the S&P Green Bond US Dollar Select Index, net of expenses. The ETF seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
Fund Details
As at December 30, 2022
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 S&P Green Bond Index ETF | 2.10 | 5.88 | 0.47 | 2.10 | -6.03 | -- | -- | -- | -4.95 |
**Fund performance since inception on June 01, 2021, as at January 31, 2023
Calendar Year Performance (%) *
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|---|
Horizons S&P Green Bond Index ETF |
-- | -- | -- | -- | -- | -- | -- | -9.73 |
Distributions
Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
---|---|---|---|---|---|---|
2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.2728 | — | Quarterly |
2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.27076 | — | Quarterly |
2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.1195 | — | Quarterly |
2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.07002 | — | Quarterly |
2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.12808 | — | Quarterly |
2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.19627 | — | Quarterly |
Sector Allocation
As at December 30, 2022Financial Institutions | 25.98% |
Utility | 16.03% |
Agency | 14.53% |
Industrial Services | 14.06% |
Sovereign | 13.68% |
Supranational | 7.06% |
Cmbs | 6.25% |
Cash | 2.41% |
Credit Ratings
As at December 30, 2022AAA | 9.47% |
AA | 15.15% |
A | 28.41% |
BBB | 25.67% |
BB | 12.09% |
B | 4.58% |
Unrated | 4.63% |
Geographic Exposure
As at December 30, 2022United States | 37.55% |
Netherlands | 10.52% |
Luxembourg | 7.06% |
United Kingdom | 5.05% |
Indonesia | 5.04% |
Austria | 5.03% |
Chile | 4.92% |
South Korea | 4.83% |
Peru | 4.65% |
Egypt | 4.58% |
Japan | 4.30% |
Hong Kong | 4.07% |
Top 10 Holdings
As at January 27, 2023Security Name | Weight |
---|---|
European Investment Bank 2.88% 13-Jun-2025 | 7.08% |
Public Service Electric Gas Co 3.10% 15-Mar-2032 | 5.68% |
Coop Rabobank UA 1.11% 24-Feb-2027 | 5.56% |
Klabin Austria GmbH 7.00% 03-Apr-2049 | 5.09% |
State Bank of India 4.50% 28-Sep-2023 | 5.00% |
ING Groep NV 4.63% 06-Jan-2026 | 4.99% |
Perushaan Pnrbt SBSN Indns III 3.90% 20-Aug-2024 | 4.97% |
Inversiones CMPC SA 4.38% 04-Apr-2027 | 4.91% |
Korea Electric Power Corp 2.50% 24-Jun-2024 | 4.85% |
Consorcio Transmantaro SA 4.70% 16-Apr-2034 | 4.70% |
Holdings are subject to change. Download full prior business day: Holdings
Education
Regulatory and Legal
Get Exposure to a Global Universe of U.S. Dollar Denominated Green Bonds
A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for projects that have climate and environmental objectives and benefits. Horizons S&P Green Bond Index ETF (HGGB) is the first Canadian-listed ETF focused on providing exposure to the global green-labelled bonds issued in U.S. dollars.
Key Features
• Green Bonds: Canada’s First globally focused ETF that invests exclusively in Green bond issuances
• True “Green” Verification: All issuers in the Underlying Index are independently verified by the Climate Bonds Initiative, an international, investor-focused not-for-profit
• Global Exposure: The ETF portfolio provides global exposure for Canadian investors
• Global Bond Trading Optimization: Transacting global bonds in Canada can be difficult from a liquidity standpoint. Horizons will use a Sub-Advisor to optimize trading execution and utilize stratified sampling to replicate the Underlying Index
Investment Objective
HGGB seeks to replicate, to the extent possible and net of expenses, the performance of a market index that is designed to provide exposure to the performance of global green-labeled bonds issued in U.S. dollars that are subject to stringent eligibility criteria to fund projects that have positive environmental or climate benefits. Currently, the ETF seeks to replicate the performance of the S&P Green Bond US Dollar Select Index, net of expenses. The ETF seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
Fund Details
As at December 30, 2022
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 S&P Green Bond Index ETF | 2.10 | 5.88 | 0.47 | 2.10 | -6.03 | -- | -- | -- | -4.95 |
**Fund performance since inception on June 01, 2021, as at January 31, 2023
Calendar Year Performance (%)
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|---|
Horizons S&P Green Bond Index ETF | -- | -- | -- | -- | -- | -- | -- | -9.73 |
Distributions
Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
---|---|---|---|---|---|---|
2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.2728 | Quarterly | |
2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.27076 | Quarterly | |
2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.1195 | Quarterly | |
2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.07002 | Quarterly | |
2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.12808 | Quarterly | |
2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.19627 | Quarterly |
Sector Allocation
As at December 30, 2022Financial Institutions | 25.98% |
Utility | 16.03% |
Agency | 14.53% |
Industrial Services | 14.06% |
Sovereign | 13.68% |
Supranational | 7.06% |
Cmbs | 6.25% |
Cash | 2.41% |
Credit Ratings
As at December 30, 2022AAA | 9.47% |
AA | 15.15% |
A | 28.41% |
BBB | 25.67% |
BB | 12.09% |
B | 4.58% |
Unrated | 4.63% |
Geographic Exposure
As at December 30, 2022United States | 37.55% |
Netherlands | 10.52% |
Luxembourg | 7.06% |
United Kingdom | 5.05% |
Indonesia | 5.04% |
Austria | 5.03% |
Chile | 4.92% |
South Korea | 4.83% |
Peru | 4.65% |
Egypt | 4.58% |
Japan | 4.30% |
Hong Kong | 4.07% |
Top 10 Holdings
As at January 27, 2023Security Name | Weight |
---|---|
European Investment Bank 2.88% 13-Jun-2025 | 7.08% |
Public Service Electric Gas Co 3.10% 15-Mar-2032 | 5.68% |
Coop Rabobank UA 1.11% 24-Feb-2027 | 5.56% |
Klabin Austria GmbH 7.00% 03-Apr-2049 | 5.09% |
State Bank of India 4.50% 28-Sep-2023 | 5.00% |
ING Groep NV 4.63% 06-Jan-2026 | 4.99% |
Perushaan Pnrbt SBSN Indns III 3.90% 20-Aug-2024 | 4.97% |
Inversiones CMPC SA 4.38% 04-Apr-2027 | 4.91% |
Korea Electric Power Corp 2.50% 24-Jun-2024 | 4.85% |
Consorcio Transmantaro SA 4.70% 16-Apr-2034 | 4.70% |
Holdings are subject to change. Download full prior business day: Holdings