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HSAV

Horizons Cash Maximizer ETF

Price
$102.27
$0.02
0.02%
NAV
$102.2513
$0.0079
0.01%

Benchmark

Corporate Class - Total Return

Fact Sheet
Learn more about HSAV

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$5.30
$0.03
0.57%
NAV
$5.3115
$0.0499
0.95%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HAC

Horizons Seasonal Rotation ETF

Price
$24.74
$0.11
0.45%
NAV
$24.7651
$0.1097
0.44%

Active

Strategic

Fact Sheet
Learn more about HAC
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HSAV

Horizons Cash Maximizer ETF

Maximize your Savings Potential

Horizons Cash Maximizer ETF (HSAV) provides daily liquidity for cash holdings while offering an interest rate that is expected to be competitive with other high interest savings vehicles. HSAV seeks to generate modest capital growth by investing primarily in high interest deposit accounts with Canadian banks.

Key Features

Gross Yield: 2.99% (Last change as of July 20, 2022)
• Enhanced Savings Potential: HSAV invests substantially all of its assets in high interest deposit accounts with one or more Canadian chartered banks, which provide a higher interest rate than a traditional savings account
• Daily Liquidity: HSAV is an ETF, so it can be purchased or sold anytime throughout the trading day. This is a key advantage versus other high interest savings vehicles, which typically have minimum holding periods or investment amounts
• Tax Efficiency: HSAV is not expected to make taxable distributions, which should enhance the after-tax performance of HSAV versus other cash-savings vehicles
• Continuous Reinvestment: Net interest income from high interest savings account are reflected in HSAV’s net asset value (“NAV”) daily

Although the HSAV primarily invests in bank deposit accounts, HSAV is not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer.

Investment Objective

HSAV seeks to generate modest capital growth by investing primarily in high interest deposit accounts with Canadian banks. While any decision to pay dividends or other distributions is within the discretion of the Manager, HSAV is not currently expected to make any regular distributions.

Horizons Cash Maximizer ETF Suspends New Subscriptions After Reaching Approximately $2 Billion in Assets. Click here to learn more.

Fund Details

Ticker
HSAV
Inception Date
February 05, 2020
Net Assets ?
$2,068,033,350
As at August 12, 2022
Consolidated Prior Day Volume ?
47,776
For August 12, 2022
Average Daily Trading Volume Over a 12 Month Period ?
155,366
As at August 12, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.18% rebated by 5 BPS (0.05%) to an effective management fee of 13 BPS, or 0.13%, effective April 15, 2022, until further notice
(Plus applicable sales tax)
Management Expense Ratio ?
0.08%
As at December 31, 2021
Currency
CAD
Currency Hedging
N/A
LEI ?
549300JPFZFLBNXUKS98
Gross Yield
2.99%
Last change as of July 20, 2022
NAV / Unit
$102.2513
Price
$102.26
Premium Discount
$0.01
Premium Discount Percentage
0.01%
Outstanding Shares
20,225,000

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 Cash Maximizer ETF 0.19 0.45 0.66 0.71 0.98 -- -- -- 0.85

**Fund performance since inception on February 05, 2020, as at July 31, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Cash Maximizer ETF

-- -- -- -- -- -- -- 0.65

Distributions

Distribution data is not currently available.

Top 10 Holdings

As at June 01, 2022
Security Name Weight
Cash Deposits with Tier 1 Canadian Chartered Banks 100.00%
At a Glance

Maximize your Savings Potential

Horizons Cash Maximizer ETF (HSAV) provides daily liquidity for cash holdings while offering an interest rate that is expected to be competitive with other high interest savings vehicles. HSAV seeks to generate modest capital growth by investing primarily in high interest deposit accounts with Canadian banks.

Key Features

Gross Yield: 2.99% (Last change as of July 20, 2022)
• Enhanced Savings Potential: HSAV invests substantially all of its assets in high interest deposit accounts with one or more Canadian chartered banks, which provide a higher interest rate than a traditional savings account
• Daily Liquidity: HSAV is an ETF, so it can be purchased or sold anytime throughout the trading day. This is a key advantage versus other high interest savings vehicles, which typically have minimum holding periods or investment amounts
• Tax Efficiency: HSAV is not expected to make taxable distributions, which should enhance the after-tax performance of HSAV versus other cash-savings vehicles
• Continuous Reinvestment: Net interest income from high interest savings account are reflected in HSAV’s net asset value (“NAV”) daily

Although the HSAV primarily invests in bank deposit accounts, HSAV is not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer.

Product Facts

Investment Objective

HSAV seeks to generate modest capital growth by investing primarily in high interest deposit accounts with Canadian banks. While any decision to pay dividends or other distributions is within the discretion of the Manager, HSAV is not currently expected to make any regular distributions.

Horizons Cash Maximizer ETF Suspends New Subscriptions After Reaching Approximately $2 Billion in Assets. Click here to learn more.

Fund Details

Ticker
HSAV
Inception Date
February 05, 2020
Net Assets ?
$2,068,033,350
As at August 12, 2022
Consolidated Prior Day Volume ?
47,776
For August 12, 2022
Average Daily Trading Volume Over a 12 Month Period ?
155,366
As at August 12, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.18% rebated by 5 BPS (0.05%) to an effective management fee of 13 BPS, or 0.13%, effective April 15, 2022, until further notice
(Plus applicable sales tax)
Management Expense Ratio ?
0.08%
 As at December 31, 2021
Currency
CAD
Currency Hedging
N/A
LEI ?
549300JPFZFLBNXUKS98
Gross Yield
2.99%
Last change as of July 20, 2022
NAV / Unit
$102.2513
Price
$102.26
Premium Discount
$0.01
Premium Discount Percentage
0.01%
Outstanding Shares
20,225,000

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 Cash Maximizer ETF 0.19 0.45 0.66 0.71 0.98 -- -- -- 0.85

**Fund performance since inception on February 05, 2020, as at July 31, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Cash Maximizer ETF -- -- -- -- -- -- -- 0.65

Distributions

Distribution data is not currently available.

Holdings

Top 10 Holdings

As at June 01, 2022
Security Name Weight
Cash Deposits with Tier 1 Canadian Chartered Banks 100.00%

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!