HPR
A Flexible Preferred Share Strategy
When it comes to investing in Canadian preferred shares, investors might be better served with an actively managed strategy. Sub-advised by Fiera Capital Corporation, Horizons Active Preferred Share ETF (HPR) is an actively managed fund that seeks to provide dividend income, while preserving capital, by investing primarily in preferred shares of Canadian companies.
Key Features of Preferred Shares
• Historical track record of higher yields compared to common dividend paying stocks and investment grade bonds
• Can be used to gain exposure to various sectors such as Financials, Energy, Real Estate and more
• Sensitivity to changes in interest rates
• Historically benefits from rising interest rates
Investment Objective
HPR seeks to provide dividend income while preserving capital by investing primarily in preferred shares (including securities convertible into preferred shares) of Canadian companies. HPR may also invest in preferred shares of companies located in the United States, debt securities (including LRCNs) of Canadian and U.S. issuers, other income generating securities, as well as Canadian equity securities and Listed Funds.
Fund Details
Ticker
HPR
Inception Date
November 22, 2010
Net Assets ?
$1,189,494,403
As at January 27, 2023
Consolidated Prior Day Volume ?
606,850
For January 27, 2023
Average Daily Trading Volume Over a 12 Month Period ?
763,680
As at January 27, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.55%
(Plus applicable sales tax)
Management Expense Ratio ?
0.64%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300UYRSEMRLH9FA96
Distribution Metrics
Most Recent Distributions Per Unit
0.03701
Estimated Annualized Yield ?
5.96 %
12-Month Trailing Yield ?
5.91 %
Distribution Frequency
Monthly
Record Date
December 30, 2022
Portfolio Investment Metrics
As at December 30, 2022
Weighted Average Duration ?
4.88
Average Credit Quality ?
--
Weighted Average Coupon ?
0.00
Weighted Average Yield to Maturity ?
6.16
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 Preferred Share ETF | -0.99 | -3.10 | -8.96 | -18.96 | -18.96 | 2.34 | -0.25 | 1.37 | 2.19 | S&P/TSX Preferred Share Index (Total Return) | -1.75 | -3.24 | -9.12 | -18.08 | -18.08 | 1.25 | -0.22 | 0.62 | 1.40 |
**Fund performance since inception on November 22, 2010, as at December 31, 2022
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Active Preferred Share ETF |
-12.67 | 8.83 | 15.52 | -9.98 | 2.35 | 6.19 | 24.57 | -18.96 | S&P/TSX Preferred Share Index (Total Return) | -14.95 | 6.98 | 13.62 | -7.93 | 3.48 | 6.16 | 19.35 | -18.08 |
HPR is an actively managed ETF, and is not managed to replicate the performance of any underlying reference benchmark. Information for the S&P/TSX Preferred Share Index (the “Index”) is presented for informational purposes only as a widely accepted comparable index. The Index is designed to track the performance of the Canadian preferred share market. The composition of HPR’s portfolio can vary materially from that of the Index in terms of both constituent issuers and weightings.
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 | 0.03701 | — | Monthly |
| 2022 | 11/29/2022 | 11/30/2022 | 12/12/2022 | 0.03701 | — | Monthly |
| 2022 | 10/28/2022 | 10/31/2022 | 11/10/2022 | 0.03701 | — | Monthly |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.03701 | — | Monthly |
| 2022 | 08/30/2022 | 08/31/2022 | 09/13/2022 | 0.03701 | — | Monthly |
| 2022 | 07/28/2022 | 07/29/2022 | 08/11/2022 | 0.03475 | — | Monthly |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.03598 | — | Monthly |
| 2022 | 05/30/2022 | 05/31/2022 | 06/10/2022 | 0.03598 | — | Monthly |
| 2022 | 04/28/2022 | 04/29/2022 | 05/11/2022 | 0.03598 | — | Monthly |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.03847 | — | Monthly |
| 2022 | 02/25/2022 | 02/28/2022 | 03/10/2022 | 0.03847 | — | Monthly |
| 2022 | 01/28/2022 | 01/31/2022 | 02/10/2022 | 0.03847 | — | Monthly |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.0328 | — | Monthly |
| 2021 | 11/29/2021 | 11/30/2021 | 12/10/2021 | 0.0328 | — | Monthly |
| 2021 | 10/28/2021 | 10/29/2021 | 11/10/2021 | 0.0328 | — | Monthly |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.03162 | — | Monthly |
| 2021 | 08/30/2021 | 08/31/2021 | 09/13/2021 | 0.03162 | — | Monthly |
| 2021 | 07/29/2021 | 07/30/2021 | 08/12/2021 | 0.03162 | — | Monthly |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.0321 | — | Monthly |
| 2021 | 05/28/2021 | 05/31/2021 | 06/10/2021 | 0.0321 | — | Monthly |
| 2021 | 04/29/2021 | 04/30/2021 | 05/12/2021 | 0.0321 | — | Monthly |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0328 | — | Monthly |
| 2021 | 02/25/2021 | 02/26/2021 | 03/10/2021 | 0.0328 | — | Monthly |
| 2021 | 01/28/2021 | 01/29/2021 | 02/10/2021 | 0.0356 | — | Monthly |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.0356 | — | Monthly |
| 2020 | 11/27/2020 | 11/30/2020 | 12/10/2020 | 0.0356 | — | Monthly |
| 2020 | 10/29/2020 | 10/30/2020 | 11/12/2020 | 0.0356 | — | Monthly |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0353 | — | Monthly |
| 2020 | 08/28/2020 | 08/31/2020 | 09/11/2020 | 0.0353 | — | Monthly |
| 2020 | 07/30/2020 | 07/31/2020 | 08/13/2020 | 0.0353 | — | Monthly |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.036 | — | Monthly |
| 2020 | 05/28/2020 | 05/29/2020 | 06/10/2020 | 0.036 | — | Monthly |
| 2020 | 04/29/2020 | 04/30/2020 | 05/12/2020 | 0.036 | — | Monthly |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0325 | — | Monthly |
| 2020 | 02/27/2020 | 02/28/2020 | 03/11/2020 | 0.0325 | — | Monthly |
| 2020 | 01/30/2020 | 01/31/2020 | 02/12/2020 | 0.0325 | — | Monthly |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0333 | — | Monthly |
| 2019 | 11/28/2019 | 11/29/2019 | 12/11/2019 | 0.0334 | — | Monthly |
| 2019 | 10/30/2019 | 10/31/2019 | 11/13/2019 | 0.0334 | — | Monthly |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.033 | — | Monthly |
| 2019 | 08/29/2019 | 08/30/2019 | 09/12/2019 | 0.033 | — | Monthly |
| 2019 | 07/30/2019 | 07/31/2019 | 08/13/2019 | 0.033 | — | Monthly |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0334 | — | Monthly |
| 2019 | 05/30/2019 | 05/31/2019 | 06/12/2019 | 0.0334 | — | Monthly |
| 2019 | 04/29/2019 | 04/30/2019 | 05/10/2019 | 0.0334 | — | Monthly |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0324 | — | Monthly |
| 2019 | 02/27/2019 | 02/28/2019 | 03/12/2019 | 0.0324 | — | Monthly |
| 2019 | 01/30/2019 | 01/31/2019 | 02/12/2019 | 0.0324 | — | Monthly |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0314 | — | Monthly |
| 2018 | 11/29/2018 | 11/30/2018 | 12/12/2018 | 0.0314 | — | Monthly |
| 2018 | 10/30/2018 | 10/31/2018 | 11/13/2018 | 0.0314 | — | Monthly |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0305 | — | Monthly |
| 2018 | 08/30/2018 | 08/31/2018 | 09/13/2018 | 0.0305 | — | Monthly |
| 2018 | 07/30/2018 | 07/31/2018 | 08/13/2018 | 0.0305 | — | Monthly |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0303 | — | Monthly |
| 2018 | 05/30/2018 | 05/31/2018 | 06/12/2018 | 0.0303 | — | Monthly |
| 2018 | 04/27/2018 | 04/30/2018 | 05/10/2018 | 0.0303 | — | Monthly |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0301 | — | Monthly |
| 2018 | 02/27/2018 | 02/28/2018 | 03/12/2018 | 0.0301 | — | Monthly |
| 2018 | 01/30/2018 | 01/31/2018 | 02/12/2018 | 0.0301 | — | Monthly |
| 2017 | 12/28/2017 | 12/29/2017 | 01/11/2018 | 0.0307 | — | Monthly |
| 2017 | 11/29/2017 | 11/30/2017 | 12/12/2017 | 0.0307 | — | Monthly |
| 2017 | 10/30/2017 | 10/31/2017 | 11/10/2017 | 0.0307 | — | Monthly |
| 2017 | 09/28/2017 | 09/29/2017 | 10/12/2017 | 0.0308 | — | Monthly |
| 2017 | 08/29/2017 | 08/31/2017 | 09/13/2017 | 0.0308 | — | Monthly |
| 2017 | 07/27/2017 | 07/31/2017 | 08/11/2017 | 0.0308 | — | Monthly |
| 2017 | 06/28/2017 | 06/30/2017 | 07/13/2017 | 0.0318 | — | Monthly |
| 2017 | 05/29/2017 | 05/31/2017 | 06/12/2017 | 0.0318 | — | Monthly |
| 2017 | 04/25/2017 | 04/27/2017 | 05/09/2017 | 0.0318 | — | Monthly |
| 2017 | 03/29/2017 | 03/31/2017 | 04/12/2017 | 0.0319 | — | Monthly |
| 2017 | 02/24/2017 | 02/28/2017 | 03/10/2017 | 0.0319 | — | Monthly |
| 2017 | 01/27/2017 | 01/31/2017 | 02/10/2017 | 0.0319 | — | Monthly |
| 2016 | 12/28/2016 | 12/30/2016 | 01/12/2017 | 0.0304 | — | Monthly |
| 2016 | 11/28/2016 | 11/30/2016 | 12/01/2016 | 0.0304 | — | Monthly |
| 2016 | 10/27/2016 | 10/31/2016 | 11/10/2016 | 0.0304 | — | Monthly |
| 2016 | 09/28/2016 | 09/30/2016 | 10/13/2016 | 0.0304 | — | Monthly |
| 2016 | 08/29/2016 | 08/31/2016 | 09/13/2016 | 0.0304 | — | Monthly |
| 2016 | 07/27/2016 | 07/29/2016 | 08/11/2016 | 0.0304 | — | Monthly |
| 2016 | 06/28/2016 | 06/30/2016 | 07/13/2016 | 0.0324 | — | Monthly |
| 2016 | 05/27/2016 | 05/31/2016 | 06/19/2016 | 0.0324 | — | Monthly |
| 2016 | 04/27/2016 | 04/29/2016 | 05/11/2016 | 0.0324 | — | Monthly |
| 2016 | 03/29/2016 | 03/31/2016 | 04/12/2016 | 0.0324 | — | Monthly |
| 2016 | 02/25/2016 | 02/29/2016 | 03/10/2016 | 0.0324 | — | Monthly |
| 2016 | 01/27/2016 | 01/29/2016 | 02/10/2016 | 0.0324 | — | Monthly |
| 2015 | 12/29/2015 | 12/31/2015 | 01/13/2016 | 0.0318 | — | Monthly |
| 2015 | 11/26/2015 | 11/30/2015 | 12/10/2015 | 0.0318 | — | Monthly |
| 2015 | 10/28/2015 | 10/31/2015 | 11/12/2015 | 0.0318 | — | Monthly |
| 2015 | 09/28/2015 | 09/30/2015 | 10/13/2015 | 0.0324 | — | Monthly |
| 2015 | 08/27/2015 | 08/31/2015 | 09/11/2015 | 0.0324 | — | Monthly |
| 2015 | 07/29/2015 | 07/31/2015 | 08/13/2015 | 0.0324 | — | Monthly |
| 2015 | 06/26/2015 | 06/30/2015 | 07/13/2015 | 0.0335 | — | Monthly |
| 2015 | 05/27/2015 | 05/29/2015 | 06/10/2015 | 0.0335 | — | Monthly |
| 2015 | 04/28/2015 | 04/30/2015 | 05/12/2015 | 0.0335 | — | Monthly |
| 2015 | 03/27/2015 | 03/31/2015 | 04/13/2015 | 0.0315 | — | Monthly |
| 2015 | 02/25/2015 | 02/27/2015 | 03/11/2015 | 0.0315 | — | Monthly |
| 2015 | 01/28/2015 | 01/30/2015 | 02/11/2015 | 0.0315 | — | Monthly |
| 2014 | 12/29/2014 | 12/31/2014 | 01/13/2015 | 0.033 | — | Monthly |
| 2014 | 11/26/2014 | 11/28/2014 | 12/10/2014 | 0.033 | — | Monthly |
| 2014 | 10/29/2014 | 10/31/2014 | 11/12/2014 | 0.033 | — | Monthly |
| 2014 | 09/26/2014 | 09/30/2014 | 10/10/2014 | 0.0333 | — | Monthly |
| 2014 | 08/27/2014 | 08/29/2014 | 09/11/2014 | 0.0333 | — | Monthly |
| 2014 | 07/29/2014 | 07/31/2014 | 08/13/2014 | 0.0333 | — | Monthly |
| 2014 | 06/26/2014 | 06/30/2014 | 07/11/2014 | 0.0344 | — | Monthly |
| 2014 | 05/28/2014 | 05/30/2014 | 06/11/2014 | 0.0344 | — | Monthly |
| 2014 | 04/28/2014 | 04/30/2014 | 05/12/2014 | 0.0344 | — | Monthly |
| 2014 | 03/27/2014 | 03/31/2014 | 04/10/2014 | 0.0354 | — | Monthly |
| 2014 | 02/26/2014 | 02/28/2014 | 03/10/2014 | 0.0354 | — | Monthly |
| 2014 | 01/29/2014 | 01/31/2014 | 02/12/2014 | 0.0354 | — | Monthly |
| 2013 | 12/27/2013 | 12/31/2013 | 01/13/2014 | 0.036 | — | Monthly |
| 2013 | 11/27/2013 | 11/29/2013 | 12/11/2013 | 0.036 | — | Monthly |
| 2013 | 10/29/2013 | 10/31/2013 | 11/12/2013 | 0.036 | — | Monthly |
| 2013 | 09/26/2013 | 09/30/2013 | 10/10/2013 | 0.0358 | — | Monthly |
| 2013 | 08/28/2013 | 08/30/2013 | 09/12/2013 | 0.0358 | — | Monthly |
| 2013 | 07/29/2013 | 07/31/2013 | 08/13/2013 | 0.0358 | — | Monthly |
| 2013 | 06/26/2013 | 06/28/2013 | 07/11/2013 | 0.0348 | — | Monthly |
| 2013 | 05/29/2013 | 05/31/2013 | 06/12/2013 | 0.0348 | — | Monthly |
| 2013 | 04/26/2013 | 04/30/2013 | 05/10/2013 | 0.0348 | — | Monthly |
| 2013 | 03/26/2013 | 03/28/2013 | 04/10/2013 | 0.0378 | — | Monthly |
| 2013 | 02/26/2013 | 02/28/2013 | 03/12/2013 | 0.0378 | — | Monthly |
| 2013 | 01/29/2013 | 01/31/2013 | 02/12/2013 | 0.0378 | — | Monthly |
| 2012 | 12/27/2012 | 12/31/2012 | 01/11/2013 | 0.0366 | — | Monthly |
| 2012 | 11/28/2012 | 11/30/2012 | 12/12/2012 | 0.0366 | — | Monthly |
| 2012 | 10/29/2012 | 10/31/2012 | 11/09/2012 | 0.0366 | — | Monthly |
| 2012 | 09/26/2012 | 09/28/2012 | 10/11/2012 | 0.0368 | — | Monthly |
| 2012 | 08/29/2012 | 08/31/2012 | 09/13/2012 | 0.0368 | — | Monthly |
| 2012 | 07/27/2012 | 07/31/2012 | 08/13/2012 | 0.0368 | — | Monthly |
| 2012 | 06/27/2012 | 06/29/2012 | 07/12/2012 | 0.036 | — | Monthly |
| 2012 | 05/29/2012 | 05/31/2012 | 06/12/2012 | 0.036 | — | Monthly |
| 2012 | 04/26/2012 | 04/30/2012 | 05/10/2012 | 0.036 | — | Monthly |
| 2012 | 03/28/2012 | 03/30/2012 | 04/12/2012 | 0.0376 | — | Monthly |
| 2012 | 02/27/2012 | 02/29/2012 | 03/12/2012 | 0.0376 | — | Monthly |
| 2012 | 01/27/2012 | 01/31/2012 | 02/10/2012 | 0.0376 | — | Monthly |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0373 | — | Monthly |
| 2011 | 11/28/2011 | 11/30/2011 | 12/12/2011 | 0.0373 | — | Monthly |
| 2011 | 10/27/2011 | 10/31/2011 | 11/10/2011 | 0.0373 | — | Monthly |
| 2011 | 09/28/2011 | 09/30/2011 | 10/13/2011 | 0.0394 | — | Monthly |
| 2011 | 08/29/2011 | 08/31/2011 | 09/13/2011 | 0.0394 | — | Monthly |
| 2011 | 07/27/2011 | 07/29/2011 | 08/11/2011 | 0.0394 | — | Monthly |
| 2011 | 06/27/2011 | 06/29/2011 | 07/12/2011 | 0.0398 | — | Monthly |
| 2011 | 05/27/2011 | 05/31/2011 | 06/10/2011 | 0.0398 | — | Monthly |
| 2011 | 04/27/2011 | 04/29/2011 | 05/11/2011 | 0.0398 | — | Monthly |
| 2011 | 03/29/2011 | 03/31/2011 | 04/12/2011 | 0.0403 | — | Monthly |
| 2011 | 02/24/2011 | 02/28/2011 | 03/10/2011 | 0.0403 | — | Monthly |
| 2011 | 01/27/2011 | 01/31/2011 | 02/10/2011 | 0.0403 | — | Monthly |
| 2010 | 12/29/2010 | 12/31/2010 | 01/17/2011 | 0.0642 | — | Monthly |
Sector Allocation
As at December 30, 2022| Financials | 45.46% |
| Energy | 24.42% |
| Utilities | 14.54% |
| Communication | 10.07% |
| Cash & Equivalents | 3.33% |
| Real Estate | 2.39% |
| Consumer Service | 0.40% |
Preferred Share Ratings
As at December 30, 2022| Cash | 3.33% |
| P1 | 0.34% |
| P2 | 49.62% |
| P3 | 39.93% |
| P4 or lower & N.R. | 0.68% |
| Other | 6.10% |
Preferred Share Category
As at December 30, 2022| Hybrid | 7.14% |
| Fixed-Floating | 74.32% |
| Floating Rate | 3.08% |
| Perpetual | 15.43% |
Top 10 Holdings
As at December 31, 2022| Security Name | Weight |
|---|---|
| Brookfield Corp - Pfd Cl A Sr 17 | 3.86% |
| Bank of Montreal - Pfd Cl B Sr 29 | 2.24% |
| Enbridge Inc - Pfd Cl A Sr 3 | 2.07% |
| Toronto-Dominion Bank - Pfd Cl B Sr 3 | 1.90% |
| Royal Bank of Canada - Pfd Sr BD | 1.88% |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 | 1.83% |
| Toronto-Dominion Bank - Pfd Sr 7 | 1.62% |
| Pembina Pipeline Corp - Pfd Cl A Sr 9 | 1.59% |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 1.49% |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 39 | 1.44% |
Education
Regulatory and Legal
At a Glance
A Flexible Preferred Share Strategy
When it comes to investing in Canadian preferred shares, investors might be better served with an actively managed strategy. Sub-advised by Fiera Capital Corporation, Horizons Active Preferred Share ETF (HPR) is an actively managed fund that seeks to provide dividend income, while preserving capital, by investing primarily in preferred shares of Canadian companies.
Key Features of Preferred Shares
• Historical track record of higher yields compared to common dividend paying stocks and investment grade bonds
• Can be used to gain exposure to various sectors such as Financials, Energy, Real Estate and more
• Sensitivity to changes in interest rates
• Historically benefits from rising interest rates
Product Facts
Investment Objective
HPR seeks to provide dividend income while preserving capital by investing primarily in preferred shares (including securities convertible into preferred shares) of Canadian companies. HPR may also invest in preferred shares of companies located in the United States, debt securities (including LRCNs) of Canadian and U.S. issuers, other income generating securities, as well as Canadian equity securities and Listed Funds.
Fund Details
Ticker
HPR
Inception Date
November 22, 2010
Net Assets ?
$1,189,494,403
As at January 27, 2023
Consolidated Prior Day Volume ?
606,850
For January 27, 2023
Average Daily Trading Volume Over a 12 Month Period ?
763,680
As at January 27, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.55%
(Plus applicable sales tax)
Management Expense Ratio ?
0.64%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300UYRSEMRLH9FA96
Distribution Metrics
Most Recent Distributions Per Unit
0.03701
Estimated Annualized Yield ?
5.96%
12-Month Trailing Yield ?
5.91%
Distribution Frequency
Monthly
Record Date
December 30, 2022
Portfolio Investment Metrics
As at December 30, 2022
Weighted Average Duration ?
4.88
Average Credit Quality ?
--
Weighted Average Coupon ?
0.00
Weighted Average Yield to Maturity ?
6.16
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 Preferred Share ETF | -0.99 | -3.10 | -8.96 | -18.96 | -18.96 | 2.34 | -0.25 | 1.37 | 2.19 | S&P/TSX Preferred Share Index (Total Return) | -1.75 | -3.24 | -9.12 | -18.08 | -18.08 | 1.25 | -0.22 | 0.62 | 1.40 |
**Fund performance since inception on November 22, 2010, as at December 31, 2022
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Active Preferred Share ETF | -12.67 | 8.83 | 15.52 | -9.98 | 2.35 | 6.19 | 24.57 | -18.96 | S&P/TSX Preferred Share Index (Total Return) | -14.95 | 6.98 | 13.62 | -7.93 | 3.48 | 6.16 | 19.35 | -18.08 |
HPR is an actively managed ETF, and is not managed to replicate the performance of any underlying reference benchmark. Information for the S&P/TSX Preferred Share Index (the “Index”) is presented for informational purposes only as a widely accepted comparable index. The Index is designed to track the performance of the Canadian preferred share market. The composition of HPR’s portfolio can vary materially from that of the Index in terms of both constituent issuers and weightings.
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 | 0.03701 | Monthly | |
| 2022 | 11/29/2022 | 11/30/2022 | 12/12/2022 | 0.03701 | Monthly | |
| 2022 | 10/28/2022 | 10/31/2022 | 11/10/2022 | 0.03701 | Monthly | |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.03701 | Monthly | |
| 2022 | 08/30/2022 | 08/31/2022 | 09/13/2022 | 0.03701 | Monthly | |
| 2022 | 07/28/2022 | 07/29/2022 | 08/11/2022 | 0.03475 | Monthly | |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.03598 | Monthly | |
| 2022 | 05/30/2022 | 05/31/2022 | 06/10/2022 | 0.03598 | Monthly | |
| 2022 | 04/28/2022 | 04/29/2022 | 05/11/2022 | 0.03598 | Monthly | |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.03847 | Monthly | |
| 2022 | 02/25/2022 | 02/28/2022 | 03/10/2022 | 0.03847 | Monthly | |
| 2022 | 01/28/2022 | 01/31/2022 | 02/10/2022 | 0.03847 | Monthly | |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.0328 | Monthly | |
| 2021 | 11/29/2021 | 11/30/2021 | 12/10/2021 | 0.0328 | Monthly | |
| 2021 | 10/28/2021 | 10/29/2021 | 11/10/2021 | 0.0328 | Monthly | |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.03162 | Monthly | |
| 2021 | 08/30/2021 | 08/31/2021 | 09/13/2021 | 0.03162 | Monthly | |
| 2021 | 07/29/2021 | 07/30/2021 | 08/12/2021 | 0.03162 | Monthly | |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.0321 | Monthly | |
| 2021 | 05/28/2021 | 05/31/2021 | 06/10/2021 | 0.0321 | Monthly | |
| 2021 | 04/29/2021 | 04/30/2021 | 05/12/2021 | 0.0321 | Monthly | |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0328 | Monthly | |
| 2021 | 02/25/2021 | 02/26/2021 | 03/10/2021 | 0.0328 | Monthly | |
| 2021 | 01/28/2021 | 01/29/2021 | 02/10/2021 | 0.0356 | Monthly | |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.0356 | Monthly | |
| 2020 | 11/27/2020 | 11/30/2020 | 12/10/2020 | 0.0356 | Monthly | |
| 2020 | 10/29/2020 | 10/30/2020 | 11/12/2020 | 0.0356 | Monthly | |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0353 | Monthly | |
| 2020 | 08/28/2020 | 08/31/2020 | 09/11/2020 | 0.0353 | Monthly | |
| 2020 | 07/30/2020 | 07/31/2020 | 08/13/2020 | 0.0353 | Monthly | |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.036 | Monthly | |
| 2020 | 05/28/2020 | 05/29/2020 | 06/10/2020 | 0.036 | Monthly | |
| 2020 | 04/29/2020 | 04/30/2020 | 05/12/2020 | 0.036 | Monthly | |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0325 | Monthly | |
| 2020 | 02/27/2020 | 02/28/2020 | 03/11/2020 | 0.0325 | Monthly | |
| 2020 | 01/30/2020 | 01/31/2020 | 02/12/2020 | 0.0325 | Monthly | |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0333 | Monthly | |
| 2019 | 11/28/2019 | 11/29/2019 | 12/11/2019 | 0.0334 | Monthly | |
| 2019 | 10/30/2019 | 10/31/2019 | 11/13/2019 | 0.0334 | Monthly | |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.033 | Monthly | |
| 2019 | 08/29/2019 | 08/30/2019 | 09/12/2019 | 0.033 | Monthly | |
| 2019 | 07/30/2019 | 07/31/2019 | 08/13/2019 | 0.033 | Monthly | |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0334 | Monthly | |
| 2019 | 05/30/2019 | 05/31/2019 | 06/12/2019 | 0.0334 | Monthly | |
| 2019 | 04/29/2019 | 04/30/2019 | 05/10/2019 | 0.0334 | Monthly | |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0324 | Monthly | |
| 2019 | 02/27/2019 | 02/28/2019 | 03/12/2019 | 0.0324 | Monthly | |
| 2019 | 01/30/2019 | 01/31/2019 | 02/12/2019 | 0.0324 | Monthly | |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0314 | Monthly | |
| 2018 | 11/29/2018 | 11/30/2018 | 12/12/2018 | 0.0314 | Monthly | |
| 2018 | 10/30/2018 | 10/31/2018 | 11/13/2018 | 0.0314 | Monthly | |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0305 | Monthly | |
| 2018 | 08/30/2018 | 08/31/2018 | 09/13/2018 | 0.0305 | Monthly | |
| 2018 | 07/30/2018 | 07/31/2018 | 08/13/2018 | 0.0305 | Monthly | |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0303 | Monthly | |
| 2018 | 05/30/2018 | 05/31/2018 | 06/12/2018 | 0.0303 | Monthly | |
| 2018 | 04/27/2018 | 04/30/2018 | 05/10/2018 | 0.0303 | Monthly | |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0301 | Monthly | |
| 2018 | 02/27/2018 | 02/28/2018 | 03/12/2018 | 0.0301 | Monthly | |
| 2018 | 01/30/2018 | 01/31/2018 | 02/12/2018 | 0.0301 | Monthly | |
| 2017 | 12/28/2017 | 12/29/2017 | 01/11/2018 | 0.0307 | Monthly | |
| 2017 | 11/29/2017 | 11/30/2017 | 12/12/2017 | 0.0307 | Monthly | |
| 2017 | 10/30/2017 | 10/31/2017 | 11/10/2017 | 0.0307 | Monthly | |
| 2017 | 09/28/2017 | 09/29/2017 | 10/12/2017 | 0.0308 | Monthly | |
| 2017 | 08/29/2017 | 08/31/2017 | 09/13/2017 | 0.0308 | Monthly | |
| 2017 | 07/27/2017 | 07/31/2017 | 08/11/2017 | 0.0308 | Monthly | |
| 2017 | 06/28/2017 | 06/30/2017 | 07/13/2017 | 0.0318 | Monthly | |
| 2017 | 05/29/2017 | 05/31/2017 | 06/12/2017 | 0.0318 | Monthly | |
| 2017 | 04/25/2017 | 04/27/2017 | 05/09/2017 | 0.0318 | Monthly | |
| 2017 | 03/29/2017 | 03/31/2017 | 04/12/2017 | 0.0319 | Monthly | |
| 2017 | 02/24/2017 | 02/28/2017 | 03/10/2017 | 0.0319 | Monthly | |
| 2017 | 01/27/2017 | 01/31/2017 | 02/10/2017 | 0.0319 | Monthly | |
| 2016 | 12/28/2016 | 12/30/2016 | 01/12/2017 | 0.0304 | Monthly | |
| 2016 | 11/28/2016 | 11/30/2016 | 12/01/2016 | 0.0304 | Monthly | |
| 2016 | 10/27/2016 | 10/31/2016 | 11/10/2016 | 0.0304 | Monthly | |
| 2016 | 09/28/2016 | 09/30/2016 | 10/13/2016 | 0.0304 | Monthly | |
| 2016 | 08/29/2016 | 08/31/2016 | 09/13/2016 | 0.0304 | Monthly | |
| 2016 | 07/27/2016 | 07/29/2016 | 08/11/2016 | 0.0304 | Monthly | |
| 2016 | 06/28/2016 | 06/30/2016 | 07/13/2016 | 0.0324 | Monthly | |
| 2016 | 05/27/2016 | 05/31/2016 | 06/19/2016 | 0.0324 | Monthly | |
| 2016 | 04/27/2016 | 04/29/2016 | 05/11/2016 | 0.0324 | Monthly | |
| 2016 | 03/29/2016 | 03/31/2016 | 04/12/2016 | 0.0324 | Monthly | |
| 2016 | 02/25/2016 | 02/29/2016 | 03/10/2016 | 0.0324 | Monthly | |
| 2016 | 01/27/2016 | 01/29/2016 | 02/10/2016 | 0.0324 | Monthly | |
| 2015 | 12/29/2015 | 12/31/2015 | 01/13/2016 | 0.0318 | Monthly | |
| 2015 | 11/26/2015 | 11/30/2015 | 12/10/2015 | 0.0318 | Monthly | |
| 2015 | 10/28/2015 | 10/31/2015 | 11/12/2015 | 0.0318 | Monthly | |
| 2015 | 09/28/2015 | 09/30/2015 | 10/13/2015 | 0.0324 | Monthly | |
| 2015 | 08/27/2015 | 08/31/2015 | 09/11/2015 | 0.0324 | Monthly | |
| 2015 | 07/29/2015 | 07/31/2015 | 08/13/2015 | 0.0324 | Monthly | |
| 2015 | 06/26/2015 | 06/30/2015 | 07/13/2015 | 0.0335 | Monthly | |
| 2015 | 05/27/2015 | 05/29/2015 | 06/10/2015 | 0.0335 | Monthly | |
| 2015 | 04/28/2015 | 04/30/2015 | 05/12/2015 | 0.0335 | Monthly | |
| 2015 | 03/27/2015 | 03/31/2015 | 04/13/2015 | 0.0315 | Monthly | |
| 2015 | 02/25/2015 | 02/27/2015 | 03/11/2015 | 0.0315 | Monthly | |
| 2015 | 01/28/2015 | 01/30/2015 | 02/11/2015 | 0.0315 | Monthly | |
| 2014 | 12/29/2014 | 12/31/2014 | 01/13/2015 | 0.033 | Monthly | |
| 2014 | 11/26/2014 | 11/28/2014 | 12/10/2014 | 0.033 | Monthly | |
| 2014 | 10/29/2014 | 10/31/2014 | 11/12/2014 | 0.033 | Monthly | |
| 2014 | 09/26/2014 | 09/30/2014 | 10/10/2014 | 0.0333 | Monthly | |
| 2014 | 08/27/2014 | 08/29/2014 | 09/11/2014 | 0.0333 | Monthly | |
| 2014 | 07/29/2014 | 07/31/2014 | 08/13/2014 | 0.0333 | Monthly | |
| 2014 | 06/26/2014 | 06/30/2014 | 07/11/2014 | 0.0344 | Monthly | |
| 2014 | 05/28/2014 | 05/30/2014 | 06/11/2014 | 0.0344 | Monthly | |
| 2014 | 04/28/2014 | 04/30/2014 | 05/12/2014 | 0.0344 | Monthly | |
| 2014 | 03/27/2014 | 03/31/2014 | 04/10/2014 | 0.0354 | Monthly | |
| 2014 | 02/26/2014 | 02/28/2014 | 03/10/2014 | 0.0354 | Monthly | |
| 2014 | 01/29/2014 | 01/31/2014 | 02/12/2014 | 0.0354 | Monthly | |
| 2013 | 12/27/2013 | 12/31/2013 | 01/13/2014 | 0.036 | Monthly | |
| 2013 | 11/27/2013 | 11/29/2013 | 12/11/2013 | 0.036 | Monthly | |
| 2013 | 10/29/2013 | 10/31/2013 | 11/12/2013 | 0.036 | Monthly | |
| 2013 | 09/26/2013 | 09/30/2013 | 10/10/2013 | 0.0358 | Monthly | |
| 2013 | 08/28/2013 | 08/30/2013 | 09/12/2013 | 0.0358 | Monthly | |
| 2013 | 07/29/2013 | 07/31/2013 | 08/13/2013 | 0.0358 | Monthly | |
| 2013 | 06/26/2013 | 06/28/2013 | 07/11/2013 | 0.0348 | Monthly | |
| 2013 | 05/29/2013 | 05/31/2013 | 06/12/2013 | 0.0348 | Monthly | |
| 2013 | 04/26/2013 | 04/30/2013 | 05/10/2013 | 0.0348 | Monthly | |
| 2013 | 03/26/2013 | 03/28/2013 | 04/10/2013 | 0.0378 | Monthly | |
| 2013 | 02/26/2013 | 02/28/2013 | 03/12/2013 | 0.0378 | Monthly | |
| 2013 | 01/29/2013 | 01/31/2013 | 02/12/2013 | 0.0378 | Monthly | |
| 2012 | 12/27/2012 | 12/31/2012 | 01/11/2013 | 0.0366 | Monthly | |
| 2012 | 11/28/2012 | 11/30/2012 | 12/12/2012 | 0.0366 | Monthly | |
| 2012 | 10/29/2012 | 10/31/2012 | 11/09/2012 | 0.0366 | Monthly | |
| 2012 | 09/26/2012 | 09/28/2012 | 10/11/2012 | 0.0368 | Monthly | |
| 2012 | 08/29/2012 | 08/31/2012 | 09/13/2012 | 0.0368 | Monthly | |
| 2012 | 07/27/2012 | 07/31/2012 | 08/13/2012 | 0.0368 | Monthly | |
| 2012 | 06/27/2012 | 06/29/2012 | 07/12/2012 | 0.036 | Monthly | |
| 2012 | 05/29/2012 | 05/31/2012 | 06/12/2012 | 0.036 | Monthly | |
| 2012 | 04/26/2012 | 04/30/2012 | 05/10/2012 | 0.036 | Monthly | |
| 2012 | 03/28/2012 | 03/30/2012 | 04/12/2012 | 0.0376 | Monthly | |
| 2012 | 02/27/2012 | 02/29/2012 | 03/12/2012 | 0.0376 | Monthly | |
| 2012 | 01/27/2012 | 01/31/2012 | 02/10/2012 | 0.0376 | Monthly | |
| 2011 | 12/28/2011 | 12/30/2011 | 01/12/2012 | 0.0373 | Monthly | |
| 2011 | 11/28/2011 | 11/30/2011 | 12/12/2011 | 0.0373 | Monthly | |
| 2011 | 10/27/2011 | 10/31/2011 | 11/10/2011 | 0.0373 | Monthly | |
| 2011 | 09/28/2011 | 09/30/2011 | 10/13/2011 | 0.0394 | Monthly | |
| 2011 | 08/29/2011 | 08/31/2011 | 09/13/2011 | 0.0394 | Monthly | |
| 2011 | 07/27/2011 | 07/29/2011 | 08/11/2011 | 0.0394 | Monthly | |
| 2011 | 06/27/2011 | 06/29/2011 | 07/12/2011 | 0.0398 | Monthly | |
| 2011 | 05/27/2011 | 05/31/2011 | 06/10/2011 | 0.0398 | Monthly | |
| 2011 | 04/27/2011 | 04/29/2011 | 05/11/2011 | 0.0398 | Monthly | |
| 2011 | 03/29/2011 | 03/31/2011 | 04/12/2011 | 0.0403 | Monthly | |
| 2011 | 02/24/2011 | 02/28/2011 | 03/10/2011 | 0.0403 | Monthly | |
| 2011 | 01/27/2011 | 01/31/2011 | 02/10/2011 | 0.0403 | Monthly | |
| 2010 | 12/29/2010 | 12/31/2010 | 01/17/2011 | 0.0642 | Monthly |
Holdings
Sector Allocation
As at December 30, 2022| Financials | 45.46% |
| Energy | 24.42% |
| Utilities | 14.54% |
| Communication | 10.07% |
| Cash & Equivalents | 3.33% |
| Real Estate | 2.39% |
| Consumer Service | 0.40% |
Preferred Share Ratings
As at December 30, 2022| Cash | 3.33% |
| P1 | 0.34% |
| P2 | 49.62% |
| P3 | 39.93% |
| P4 or lower & N.R. | 0.68% |
| Other | 6.10% |
Preferred Share Category
As at December 30, 2022| Hybrid | 7.14% |
| Fixed-Floating | 74.32% |
| Floating Rate | 3.08% |
| Perpetual | 15.43% |
Top 10 Holdings
As at December 31, 2022| Security Name | Weight |
|---|---|
| Brookfield Corp - Pfd Cl A Sr 17 | 3.86% |
| Bank of Montreal - Pfd Cl B Sr 29 | 2.24% |
| Enbridge Inc - Pfd Cl A Sr 3 | 2.07% |
| Toronto-Dominion Bank - Pfd Cl B Sr 3 | 1.90% |
| Royal Bank of Canada - Pfd Sr BD | 1.88% |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 | 1.83% |
| Toronto-Dominion Bank - Pfd Sr 7 | 1.62% |
| Pembina Pipeline Corp - Pfd Cl A Sr 9 | 1.59% |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 1.49% |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 39 | 1.44% |
Documents
