HGGB
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
Ticker
HGGB
Inception Date
June 01, 2021
Net Assets ?
$5,335,473
As at December 01, 2023
Consolidated Prior Day Volume ?
30
For December 01, 2023
Average Daily Trading Volume Over a 12 Month Period ?
351
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
Benchmark
Bloomberg Index Ticker
SPGRUSST
Management Fee
0.45%
(Plus applicable sales tax)
Management Expense Ratio ?
0.55%
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 ?
549300GNSLV02XCM9N37
Distribution Metrics
Most Recent Distributions Per Unit
$0.21112
Annualized Distribution Yield ?
3.96 %
As at December 01, 2023
12-Month Trailing Yield ?
4.46 %
Distribution Frequency
Quarterly
Record Date
September 29, 2023
Portfolio Investment Metrics
As at September 30, 2023
Weighted Average Duration ?
4.40
Average Credit Quality ?
A-
Weighted Average Coupon ?
3.28
Weighted Average Yield to Maturity ?
6.61%
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 | -1.00 | -3.09 | -2.83 | -1.64 | 2.01 | -- | -- | -- | -4.93 | S&P Green Bond U.S. Dollar Select Index | -1.12 | -2.91 | -3.42 | 0.02 | 3.64 | -- | -- | -- | -5.32 |
**Fund performance since inception on June 01, 2021, as at October 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons S&P Green Bond Index ETF |
-- | -- | -- | -- | -- | -- | -- | -9.73 | S&P Green Bond U.S. Dollar Select Index | -- | -- | -- | -- | -- | -- | -- | -12.14 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.21112 | — | Quarterly |
| 2023 | 06/29/2023 | 06/30/2023 | 07/10/2023 | 0.22355 | — | Quarterly |
| 2023 | 03/30/2023 | 03/31/2023 | 04/10/2023 | 0.20666 | — | Quarterly |
| 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 September 30, 2023| Financial Institutions | 26.99% |
| Utility | 15.48% |
| Industrial Services | 14.25% |
| Sovereign | 13.43% |
| Agency | 9.90% |
| Supranational | 7.35% |
| Cash | 6.42% |
| Cmbs | 6.19% |
Credit Ratings
As at September 30, 2023| AAA | 13.77% |
| AA | 15.43% |
| A | 28.42% |
| BBB | 21.17% |
| BB | 12.29% |
| B | 4.15% |
| Unrated | 4.77% |
Geographic Exposure
As at September 30, 2023| United States | 37.46% |
| Netherlands | 10.93% |
| Luxembourg | 7.35% |
| Indonesia | 5.17% |
| South Korea | 5.13% |
| Austria | 5.10% |
| Chile | 5.00% |
| Peru | 4.77% |
| Japan | 4.42% |
| Egypt | 4.15% |
| Hong Kong | 4.11% |
Top 10 Holdings
As at November 24, 2023| Security Name | Weight |
|---|---|
| European Investment Bank 2.88% 13-Jun-2025 | 7.35% |
| Coop Rabobank UA 1.11% 24-Feb-2027 | 5.88% |
| Public Service Electric Gas Co 3.10% 15-Mar-2032 | 5.59% |
| US DOLLAR | 5.45% |
| Perushaan Pnrbt SBSN Indns III 3.90% 20-Aug-2024 | 5.19% |
| Korea Electric Power Corp 2.50% 24-Jun-2024 | 5.15% |
| ING Groep NV 4.63% 06-Jan-2026 | 5.11% |
| Inversiones CMPC SA 4.38% 04-Apr-2027 | 4.99% |
| Klabin Austria GmbH 7.00% 03-Apr-2049 | 4.95% |
| Pattern Energy Operations LP 4.50% 15-Aug-2028 | 4.72% |
Holdings are subject to change. Download full prior business day: Holdings
Education
Regulatory and Legal
At a Glance
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
Product Facts
Fund Details
Ticker
HGGB
Inception Date
June 01, 2021
Net Assets ?
$5,335,473
As at December 01, 2023
Consolidated Prior Day Volume ?
30
ForDecember 01, 2023
Average Daily Trading Volume Over a 12 Month Period ?
351
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
Benchmark
Bloomberg Index Ticker
SPGRUSST
Management Fee
0.45%
(Plus applicable sales tax)
Management Expense Ratio ?
0.55%
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 ?
549300GNSLV02XCM9N37
Distribution Metrics
As at December 01, 2023
Most Recent Distributions Per Unit
0.21112
Annualized Distribution Yield ?
3.96 %
As at December 01, 2023
12-Month Trailing Yield ?
4.46 %
Distribution Frequency
Quarterly
Record Date
September 29, 2023
Portfolio Investment Metrics
As at September 30, 2023
Weighted Average Duration ?
4.40
Average Credit Quality ?
A-
Weighted Average Coupon ?
3.28
Weighted Average Yield to Maturity ?
6.61%
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 S&P Green Bond Index ETF | -1.00 | -3.09 | -2.83 | -1.64 | 2.01 | -- | -- | -- | -4.93 | S&P Green Bond U.S. Dollar Select Index | -1.12 | -2.91 | -3.42 | 0.02 | 3.64 | -- | -- | -- | -5.32 |
**Fund performance since inception on June 01, 2021, as at October 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons S&P Green Bond Index ETF | -- | -- | -- | -- | -- | -- | -- | -9.73 | S&P Green Bond U.S. Dollar Select Index | -- | -- | -- | -- | -- | -- | -- | -12.14 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.21112 | Quarterly | |
| 2023 | 06/29/2023 | 06/30/2023 | 07/10/2023 | 0.22355 | Quarterly | |
| 2023 | 03/30/2023 | 03/31/2023 | 04/10/2023 | 0.20666 | Quarterly | |
| 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 |
Holdings
Sector Allocation
As at September 30, 2023| Financial Institutions | 26.99% |
| Utility | 15.48% |
| Industrial Services | 14.25% |
| Sovereign | 13.43% |
| Agency | 9.90% |
| Supranational | 7.35% |
| Cash | 6.42% |
| Cmbs | 6.19% |
Credit Ratings
As at September 30, 2023| AAA | 13.77% |
| AA | 15.43% |
| A | 28.42% |
| BBB | 21.17% |
| BB | 12.29% |
| B | 4.15% |
| Unrated | 4.77% |
Geographic Exposure
As at September 30, 2023| United States | 37.46% |
| Netherlands | 10.93% |
| Luxembourg | 7.35% |
| Indonesia | 5.17% |
| South Korea | 5.13% |
| Austria | 5.10% |
| Chile | 5.00% |
| Peru | 4.77% |
| Japan | 4.42% |
| Egypt | 4.15% |
| Hong Kong | 4.11% |
Top 10 Holdings
As at November 24, 2023| Security Name | Weight |
|---|---|
| European Investment Bank 2.88% 13-Jun-2025 | 7.35% |
| Coop Rabobank UA 1.11% 24-Feb-2027 | 5.88% |
| Public Service Electric Gas Co 3.10% 15-Mar-2032 | 5.59% |
| US DOLLAR | 5.45% |
| Perushaan Pnrbt SBSN Indns III 3.90% 20-Aug-2024 | 5.19% |
| Korea Electric Power Corp 2.50% 24-Jun-2024 | 5.15% |
| ING Groep NV 4.63% 06-Jan-2026 | 5.11% |
| Inversiones CMPC SA 4.38% 04-Apr-2027 | 4.99% |
| Klabin Austria GmbH 7.00% 03-Apr-2049 | 4.95% |
| Pattern Energy Operations LP 4.50% 15-Aug-2028 | 4.72% |
Holdings are subject to change. Download full prior business day: Holdings
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