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Horizons High Interest Savings ETF

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$50.04
$0.00
0.00%
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$50.0285
$0.0172
0.03%

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Fixed Income

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QQCC

Horizons NASDAQ-100 Covered Call ETF

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$9.63
$-0.07
-0.72%
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$9.7297
$-0.1185
-1.20%

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Covered Call

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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

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HLPR

Horizons Laddered Canadian Preferred Share Index ETF

Gain Tax-Efficient Exposure to Canadian Preferred Shares

Generally issued by large, well-stablished companies, preferred shares are securities that include characteristics of both bonds and equities. Horizons Laddered Canadian Preferred Share Index ETF (HLPR) provides exposure to preferred shares that generally have an adjustable dividend rate and are laddered using equal weights in annual reset term buckets.

Key Features

• The TRI advantage: HLPR is part of Horizons ETFs Total Return Index (TRI) family of ETFs. HLPR uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the cost and tracking error associated with replicating an index and increases tax efficiency
• Tax-efficient access: HLPR is not expected to make taxable distributions
• Automatic reinvestment: The reinvestment of index constituent distributions are reflected in HLPR’s Net Asset Value (NAV) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly

Investment Objective

HLPR seeks to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index (Total Return), net of expenses. The Solactive Laddered Canadian Preferred Share Index (Total Return) is an index of Canadian preferred shares that generally have an adjustable dividend rate.

Fund Details

Ticker
HLPR
Inception Date
February 26, 2019
Net Assets ?
$89,145,127
As at  December 06, 2022
Consolidated Prior Day Volume ?
4,842
For  December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
13,462
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
SOLADPRF
Management Fee
0.30%
(Plus applicable sales tax)
Management Expense Ratio ?
0.33%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
22.16%
As at November 30, 2022
LEI ?
549300RR8OVYRXQ80C06
NAV / Unit
$22.0489
Price
$21.98
Premium Discount
$-0.07
Premium Discount Percentage
-0.31%
Outstanding Shares
4,043,062
Index 12-Month Trailing Yield ?
5.45
Current Index Yield ?
5.63

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 Laddered Canadian Preferred Share Index ETF -0.98 -8.87 -12.54 -16.41 -15.38 4.19 -- -- 2.82
Solactive Laddered Canadian Preferred Share Index -0.96 -8.79 -12.40 -16.16 -15.10 4.53 -- -- 3.22

**Fund performance since inception on February 26, 2019, as at November 30, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Laddered Canadian Preferred Share Index ETF

-- -- -- -- -- -- 6.30 23.43
Solactive Laddered Canadian Preferred Share Index -- -- -- -- -- -- 6.64 23.85

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.

Top 10 Index Holdings

As at October 31, 2022
Security Name Weight
BCE Inc - Pfd Sr AK 2.57%
Royal Bank of Canada - Pfd Sr BD 1.68%
National Bank of Canada - Pfd Sr 38 1.67%
Toronto-Dominion Bank - Pfd Sr 16 1.45%
Brookfield Office Proprties Inc - Pfd Cl AAA Sr CC 1.45%
Emera Inc - Pfd Sr J 1.43%
Enbridge Inc - Pfd Sr B 1.40%
Intact Financial Corp - Pfd Cl A Sr 3 1.39%
Toronto-Dominion Bank - Pfd Cl A Sr 5 1.33%
Brookfield Renewable Partners LP - Pfd Cl A 1.26%
At a Glance

Gain Tax-Efficient Exposure to Canadian Preferred Shares

Generally issued by large, well-stablished companies, preferred shares are securities that include characteristics of both bonds and equities. Horizons Laddered Canadian Preferred Share Index ETF (HLPR) provides exposure to preferred shares that generally have an adjustable dividend rate and are laddered using equal weights in annual reset term buckets.

Key Features

• The TRI advantage: HLPR is part of Horizons ETFs Total Return Index (TRI) family of ETFs. HLPR uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the cost and tracking error associated with replicating an index and increases tax efficiency
• Tax-efficient access: HLPR is not expected to make taxable distributions
• Automatic reinvestment: The reinvestment of index constituent distributions are reflected in HLPR’s Net Asset Value (NAV) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly

Product Facts

Investment Objective

HLPR seeks to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index (Total Return), net of expenses. The Solactive Laddered Canadian Preferred Share Index (Total Return) is an index of Canadian preferred shares that generally have an adjustable dividend rate.

Fund Details

Ticker
HLPR
Inception Date
February 26, 2019
Net Assets ?
$89,145,127
As at December 06, 2022
Consolidated Prior Day Volume ?
4,842
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
13,462
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
SOLADPRF
Management Fee
0.30%
(Plus applicable sales tax)
Management Expense Ratio ?
0.33%
 As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
22.16%
As at November 30, 2022
LEI ?
549300RR8OVYRXQ80C06
NAV / Unit
$22.0489
Price
$21.98
Premium Discount
$-0.07
Premium Discount Percentage
-0.31%
Outstanding Shares
4,043,062
Index 12-Month Trailing Yield ?
5.45
Current Index Yield ?
5.63

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 Laddered Canadian Preferred Share Index ETF -0.98 -8.87 -12.54 -16.41 -15.38 4.19 -- -- 2.82
Solactive Laddered Canadian Preferred Share Index -0.96 -8.79 -12.40 -16.16 -15.10 4.53 -- -- 3.22

**Fund performance since inception on February 26, 2019, as at November 30, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Laddered Canadian Preferred Share Index ETF -- -- -- -- -- -- 6.30 23.43
Solactive Laddered Canadian Preferred Share Index -- -- -- -- -- -- 6.64 23.85

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

Top 10 Index Holdings

As at October 31, 2022
Security Name Weight
BCE Inc - Pfd Sr AK 2.57%
Royal Bank of Canada - Pfd Sr BD 1.68%
National Bank of Canada - Pfd Sr 38 1.67%
Toronto-Dominion Bank - Pfd Sr 16 1.45%
Brookfield Office Proprties Inc - Pfd Cl AAA Sr CC 1.45%
Emera Inc - Pfd Sr J 1.43%
Enbridge Inc - Pfd Sr B 1.40%
Intact Financial Corp - Pfd Cl A Sr 3 1.39%
Toronto-Dominion Bank - Pfd Cl A Sr 5 1.33%
Brookfield Renewable Partners LP - Pfd Cl A 1.26%

Related Posts

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