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CASH

Horizons High Interest Savings ETF

Price
$50.12
$0.02
0.04%
NAV
$50.1089
$0.0051
0.01%

Benchmark

Fixed Income

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QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$4.77
$-0.05
-1.04%
NAV
$4.7844
$-0.0433
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Covered Call

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HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.25
$-0.07
-0.62%
NAV
$11.1921
$-0.1562
-1.38%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
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HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Adaptive Asset Allocation

Adaptive asset allocation is a globally diversified strategy that combines advanced diversification, systematic long/short global macro, and dynamic tail protection to provide investors with an all-weather investment solution. Horizons ReSolve Adaptive Asset Allocation ETF (HRAA) invests in a globally diversified portfolio that seeks to generate positive returns while targeting an average annualized volatility level at or below 8%, with very low correlation to broader equity and fixed income markets.

Key Features

• Globally Diversified: Provides exposure to a global portfolio of equities, fixed income, currencies and commodities
• A Systematic Process: HRAA uses a systematic strategy that combines global diversification with machine learning to formulate forward looking views for key risk factors. This seeks to dynamically determine potentially favourable asset allocations under most market conditions. These views are informed by seasonality, momentum, fundamentals, counter-trend, carry, and other sources of information
• Risk Management: HRAA uses a quantitative process to dynamically measure the sensitivities of major asset classes to a set of common risk factors over changing market conditions. ReSolve applies a proprietary dynamic volatility program that can go modestly long and/or short volatility futures to help protect against very large and rapid market sell-offs. During extreme market sell-offs, a long volatility position for example, may be one of only a few profitable alternative strategies available to investors to generate positive returns.
• Experienced Sub-Advisor: Over 10 years of experience in institutional portfolio management techniques focused on global asset allocation
• Tax-Efficient: Net interest income from settlement of any derivatives in the ETF is reflected in HRAA’s net asset value (“NAV”), but is not expected to be paid out to the shareholder

Investment Objective

HRAA seeks long-term capital appreciation by investing, directly or indirectly, in major global asset classes including but not limited to equity indexes, fixed income indexes, interest rates, commodities and currencies.

HRAA is an alternative mutual fund within the meaning of National instrument 81-102 Investment Funds, and is permitted to use strategies generally prohibited by conventional mutual funds and ETFs, such as borrowing cash, selling securities short, and employing leverage of up to 300%, amongst others. The use of these strategies may accelerate the risk associated with the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus and its risk disclosure before investing.

Fund Details

Ticker
HRAA
Inception Date
July 30, 2020
Net Assets ?
$144,972,099
As at  September 23, 2022
Consolidated Prior Day Volume ?
2,920
For  September 23, 2022
Average Daily Trading Volume Over a 12 Month Period ?
46,649
As at  September 23, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.85%
(Plus applicable sales tax)
Management Expense Ratio ?
3.20%
As at June 30, 2022
Performance Fee
15% of outperformance over high water mark and an annualized return of 3% (please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300V8J7S410LFE313
NAV / Unit
$11.1921
Price
$11.28
Premium Discount
$0.09
Premium Discount Percentage
0.78%
Outstanding Shares
12,953,129

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 ReSolve Adaptive Asset Allocation ETF -3.23 -4.70 3.32 3.98 4.95 -- -- -- 7.68

**Fund performance since inception on July 30, 2020, as at August 31, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons ReSolve Adaptive Asset Allocation ETF

-- -- -- -- -- -- -- 8.09

Distributions

Distribution data is not currently available.

Top 10 Holdings

As at August 31, 2022
Security Name Symbol Long / Short Absolute Exposure as a % of Net Assets
EURO-BOBL FUTURE OEU2 Comdty L 11.61
EURO-BUND FUTURE RXU2 Comdty L 8.56
CAN 10YR BOND FUT CNZ2 Comdty L 7.39
EURO-BUXL 30Y BND UBU2 Comdty L 7.33
NIKKEI 225 (CME) NXU2 Index L 6.79
FTSE 100 IDX FUT Z U2 Index S 4.72
US 5YR NOTE (CBT) FVZ2 Comdty S 4.71
FTSE/MIB IDX FUT STU2 Index L 4.61
EURO STOXX 50 VGU2 Index L 4.42
SUGAR #11 (WORLD) Oct22 SBV2 Comdty L 4.38
At a Glance

Adaptive Asset Allocation

Adaptive asset allocation is a globally diversified strategy that combines advanced diversification, systematic long/short global macro, and dynamic tail protection to provide investors with an all-weather investment solution. Horizons ReSolve Adaptive Asset Allocation ETF (HRAA) invests in a globally diversified portfolio that seeks to generate positive returns while targeting an average annualized volatility level at or below 8%, with very low correlation to broader equity and fixed income markets.

Key Features

• Globally Diversified: Provides exposure to a global portfolio of equities, fixed income, currencies and commodities
• A Systematic Process: HRAA uses a systematic strategy that combines global diversification with machine learning to formulate forward looking views for key risk factors. This seeks to dynamically determine potentially favourable asset allocations under most market conditions. These views are informed by seasonality, momentum, fundamentals, counter-trend, carry, and other sources of information
• Risk Management: HRAA uses a quantitative process to dynamically measure the sensitivities of major asset classes to a set of common risk factors over changing market conditions. ReSolve applies a proprietary dynamic volatility program that can go modestly long and/or short volatility futures to help protect against very large and rapid market sell-offs. During extreme market sell-offs, a long volatility position for example, may be one of only a few profitable alternative strategies available to investors to generate positive returns.
• Experienced Sub-Advisor: Over 10 years of experience in institutional portfolio management techniques focused on global asset allocation
• Tax-Efficient: Net interest income from settlement of any derivatives in the ETF is reflected in HRAA’s net asset value (“NAV”), but is not expected to be paid out to the shareholder

Product Facts

Investment Objective

HRAA seeks long-term capital appreciation by investing, directly or indirectly, in major global asset classes including but not limited to equity indexes, fixed income indexes, interest rates, commodities and currencies.

HRAA is an alternative mutual fund within the meaning of National instrument 81-102 Investment Funds, and is permitted to use strategies generally prohibited by conventional mutual funds and ETFs, such as borrowing cash, selling securities short, and employing leverage of up to 300%, amongst others. The use of these strategies may accelerate the risk associated with the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus and its risk disclosure before investing.

Fund Details

Ticker
HRAA
Inception Date
July 30, 2020
Net Assets ?
$144,972,099
As at September 23, 2022
Consolidated Prior Day Volume ?
2,920
For September 23, 2022
Average Daily Trading Volume Over a 12 Month Period ?
46,649
As at September 23, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.85%
(Plus applicable sales tax)
Management Expense Ratio ?
3.20%
 As at June 30, 2022
Performance Fee
15% of outperformance over high water mark and an annualized return of 3% (please see the prospectus for more information)
Currency
CAD
Currency Hedging
N/A
LEI ?
549300V8J7S410LFE313
NAV / Unit
$11.1921
Price
$11.28
Premium Discount
$0.09
Premium Discount Percentage
0.78%
Outstanding Shares
12,953,129

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 ReSolve Adaptive Asset Allocation ETF -3.23 -4.70 3.32 3.98 4.95 -- -- -- 7.68

**Fund performance since inception on July 30, 2020, as at August 31, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons ReSolve Adaptive Asset Allocation ETF -- -- -- -- -- -- -- 8.09

Distributions

Distribution data is not currently available.

Holdings

Top 10 Holdings

As at August 31, 2022
Security Name Symbol Long / Short Absolute Exposure as a % of Net Assets
EURO-BOBL FUTURE OEU2 Comdty L 11.61
EURO-BUND FUTURE RXU2 Comdty L 8.56
CAN 10YR BOND FUT CNZ2 Comdty L 7.39
EURO-BUXL 30Y BND UBU2 Comdty L 7.33
NIKKEI 225 (CME) NXU2 Index L 6.79
FTSE 100 IDX FUT Z U2 Index S 4.72
US 5YR NOTE (CBT) FVZ2 Comdty S 4.71
FTSE/MIB IDX FUT STU2 Index L 4.61
EURO STOXX 50 VGU2 Index L 4.42
SUGAR #11 (WORLD) Oct22 SBV2 Comdty L 4.38

Related Posts

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