HSD
Investment Objective
HSD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500®. HSD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability.
The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% or – 200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
Fund Details
Ticker
HSD
Inception Date
June 17, 2008
Net Assets ?
$158,449,053
As at May 29, 2023
Consolidated Prior Day Volume ?
27 451
For May 29, 2023
Average Daily Trading Volume Over a 12 Month Period ?
1,897,020
As at May 29, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
SPXT
Management Fee
1.15%
(Plus applicable sales tax)
Management Expense Ratio ?
1.50%
As at December 31, 2022
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300EQ44VK30WRHZ03
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** | |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® -2x Daily Bear ETF | -2.39 | -3.96 | -14.29 | -14.67 | -10.05 | -29.61 | -27.65 | -26.55 | -26.16 |
**Fund performance since inception on June 17, 2008, as at April 30, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
BetaPro S&P 500® -2x Daily Bear ETF |
-10.23 | -24.24 | -33.21 | 3.92 | -42.27 | -49.26 | -43.33 | 32.43 |
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.
Sector Allocation
As at April 28, 2023| Information Technology | 25.74% |
| Health Care | 14.41% |
| Financials | 13.10% |
| Consumer Goods | 9.89% |
| Industrial Services | 8.50% |
| Communication Services | 8.28% |
| Consumer Service | 7.38% |
| Energy | 4.69% |
| Utilities | 2.87% |
| Materials | 2.60% |
| Real Estate | 2.54% |
Top 10 Index Holdings
As at April 30, 2023| Security Name | Weight |
|---|---|
| Apple Inc | 7.24% |
| Microsoft Corp | 6.56% |
| Amazon.com Inc | 2.70% |
| NVIDIA Corp | 1.96% |
| Alphabet Inc Cl A | 1.83% |
| Berkshire Hathaway Inc Cl B | 1.70% |
| Alphabet Inc Cl C | 1.61% |
| Meta Platforms Inc Cl A | 1.54% |
| Exxon Mobil Corp | 1.40% |
| UnitedHealth Group Inc | 1.32% |
Regulatory and Legal
At a Glance
Investment Objective
HSD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500®. HSD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability.
The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% or – 200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
Product Facts
Fund Details
Ticker
HSD
Inception Date
June 17, 2008
Net Assets ?
$158,449,053
As at May 29, 2023
Consolidated Prior Day Volume ?
27 451
ForMay 29, 2023
Average Daily Trading Volume Over a 12 Month Period ?
1,897,020
As at May 29, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
SPXT
Management Fee
1.15%
(Plus applicable sales tax)
Management Expense Ratio ?
1.50%
As at December 31, 2022
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300EQ44VK30WRHZ03
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** | |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® -2x Daily Bear ETF | -2.39 | -3.96 | -14.29 | -14.67 | -10.05 | -29.61 | -27.65 | -26.55 | -26.16 |
**Fund performance since inception on June 17, 2008, as at April 30, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® -2x Daily Bear ETF | -10.23 | -24.24 | -33.21 | 3.92 | -42.27 | -49.26 | -43.33 | 32.43 |
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
Sector Allocation
As at April 28, 2023| Information Technology | 25.74% |
| Health Care | 14.41% |
| Financials | 13.10% |
| Consumer Goods | 9.89% |
| Industrial Services | 8.50% |
| Communication Services | 8.28% |
| Consumer Service | 7.38% |
| Energy | 4.69% |
| Utilities | 2.87% |
| Materials | 2.60% |
| Real Estate | 2.54% |
Top 10 Index Holdings
As at April 30, 2023| Security Name | Weight |
|---|---|
| Apple Inc | 7.24% |
| Microsoft Corp | 6.56% |
| Amazon.com Inc | 2.70% |
| NVIDIA Corp | 1.96% |
| Alphabet Inc Cl A | 1.83% |
| Berkshire Hathaway Inc Cl B | 1.70% |
| Alphabet Inc Cl C | 1.61% |
| Meta Platforms Inc Cl A | 1.54% |
| Exxon Mobil Corp | 1.40% |
| UnitedHealth Group Inc | 1.32% |
Documents
