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Horizons High Interest Savings ETF

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Horizons ReSolve Adaptive Asset Allocation ETF

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HSH

Horizons S&P 500 CAD Hedged Index ETF

Get the Total Return of the S&P 500® — Currency Hedged

The S&P 500® includes 500 large, publically-traded companies in leading industries of the U.S. economy. The S&P 500® covers approximately 80 per cent of available U.S. market capitalization. Horizons S&P 500® CAD Hedged Index ETF (HSH) provides exposure to the performance of the S&P 500® CAD Hedged Index. The Index is designed to measure the performance of the large-cap market segment of the U.S. equity market, hedged to the Canadian dollar.

Key Features

• The Total Return Advantage: HSH is part of the Horizons Total Return Index family of ETFs. HSH uses a total return swap contract to replicate the performance of the Index. This structure typically reduces tracking error associated with replicating an index and increases tax-efficiency
• Tax-efficient: HSH is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HSH’s Net Asset Value (NAV) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly
• Currency-Hedged: Hedges out all U.S. dollar currency exposure. As a result, the changes in the U.S. and Canadian dollar relationship will have less of an impact on returns (both positive and negative) versus a non-currency-hedged strategy

Investment Objective

HSH seeks to replicate, to the extent possible, the performance of the S&P 500® CAD Hedged Index (Total Return), net of expenses. The S&P 500® CAD Hedged Index (Total Return) is designed to measure the performance of the large-cap market segment of the U.S. equity market, hedged to the Canadian dollar.

Fund Details

Ticker
HSH
Inception Date
September 19, 2016
Net Assets ?
$210,077,759
As at  December 06, 2022
Consolidated Prior Day Volume ?
2,801
For  December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
13,660
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
S5CADHTR
Management Fee
0.10%
(Does not include a swap fee of approximately 30 bps, plus applicable sales tax)
Management Expense Ratio ?
0.10%
As at June 30, 2022
Swap Fee
No more than 0.30%
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
Counterparty Exposure ?
30.33%
As at November 30, 2022
LEI ?
549300TZIB8CU6MJK384
NAV / Unit
$48.1597
Price
$48.13
Premium Discount
$-0.03
Premium Discount Percentage
-0.06%
Outstanding Shares
4,362,110
Index 12-Month Trailing Yield ?
1.71
Current Index Yield ?
1.70

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 S&P 500 CAD Hedged Index ETF 5.36 3.04 -1.27 -14.27 -10.50 9.60 9.67 -- 11.79
S&P 500® CAD Hedged Index (Total Return) 5.54 3.02 -1.23 -14.10 -10.32 9.51 9.56 -- 11.76

**Fund performance since inception on September 19, 2016, as at November 30, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons S&P 500 CAD Hedged Index ETF

-- -- -- 20.86 -5.59 30.07 16.64 27.82
S&P 500® CAD Hedged Index (Total Return) -- -- -- 21.16 -5.70 29.87 15.79 28.29

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 November 30, 2022
Information Technology 26.40%
Health Care 15.22%
Financials 11.61%
Consumer Goods 10.40%
Industrial Services 8.44%
Communication Services 7.46%
Consumer Service 6.99%
Energy 5.12%
Utilities 2.99%
Materials 2.68%
Real Estate 2.68%

Top 10 Index Holdings

As at October 31, 2022
Security Name Weight
Apple Inc 7.12%
Microsoft Corp 5.32%
Amazon.com Inc 2.79%
Tesla Inc 1.86%
Alphabet Inc Cl A 1.74%
Berkshire Hathaway Inc Cl B 1.64%
UnitedHealth Group Inc 1.60%
Alphabet Inc Cl C 1.56%
Exxon Mobil Corp 1.42%
Johnson & Johnson 1.41%
At a Glance

Get the Total Return of the S&P 500® — Currency Hedged

The S&P 500® includes 500 large, publically-traded companies in leading industries of the U.S. economy. The S&P 500® covers approximately 80 per cent of available U.S. market capitalization. Horizons S&P 500® CAD Hedged Index ETF (HSH) provides exposure to the performance of the S&P 500® CAD Hedged Index. The Index is designed to measure the performance of the large-cap market segment of the U.S. equity market, hedged to the Canadian dollar.

Key Features

• The Total Return Advantage: HSH is part of the Horizons Total Return Index family of ETFs. HSH uses a total return swap contract to replicate the performance of the Index. This structure typically reduces tracking error associated with replicating an index and increases tax-efficiency
• Tax-efficient: HSH is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HSH’s Net Asset Value (NAV) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly
• Currency-Hedged: Hedges out all U.S. dollar currency exposure. As a result, the changes in the U.S. and Canadian dollar relationship will have less of an impact on returns (both positive and negative) versus a non-currency-hedged strategy

Product Facts

Investment Objective

HSH seeks to replicate, to the extent possible, the performance of the S&P 500® CAD Hedged Index (Total Return), net of expenses. The S&P 500® CAD Hedged Index (Total Return) is designed to measure the performance of the large-cap market segment of the U.S. equity market, hedged to the Canadian dollar.

Fund Details

Ticker
HSH
Inception Date
September 19, 2016
Net Assets ?
$210,077,759
As at December 06, 2022
Consolidated Prior Day Volume ?
2,801
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
13,660
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
S5CADHTR
Management Fee
0.10%
(Does not include a swap fee of approximately 30 bps, plus applicable sales tax)
Management Expense Ratio ?
0.10%
 As at June 30, 2022
Swap Fee
No more than 0.30%
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
Counterparty Exposure ?
30.33%
As at November 30, 2022
LEI ?
549300TZIB8CU6MJK384
NAV / Unit
$48.1597
Price
$48.13
Premium Discount
$-0.03
Premium Discount Percentage
-0.06%
Outstanding Shares
4,362,110
Index 12-Month Trailing Yield ?
1.71
Current Index Yield ?
1.7

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 S&P 500 CAD Hedged Index ETF 5.36 3.04 -1.27 -14.27 -10.50 9.60 9.67 -- 11.79
S&P 500® CAD Hedged Index (Total Return) 5.54 3.02 -1.23 -14.10 -10.32 9.51 9.56 -- 11.76

**Fund performance since inception on September 19, 2016, as at November 30, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons S&P 500 CAD Hedged Index ETF -- -- -- 20.86 -5.59 30.07 16.64 27.82
S&P 500® CAD Hedged Index (Total Return) -- -- -- 21.16 -5.70 29.87 15.79 28.29

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 November 30, 2022
Information Technology 26.40%
Health Care 15.22%
Financials 11.61%
Consumer Goods 10.40%
Industrial Services 8.44%
Communication Services 7.46%
Consumer Service 6.99%
Energy 5.12%
Utilities 2.99%
Materials 2.68%
Real Estate 2.68%

Top 10 Index Holdings

As at October 31, 2022
Security Name Weight
Apple Inc 7.12%
Microsoft Corp 5.32%
Amazon.com Inc 2.79%
Tesla Inc 1.86%
Alphabet Inc Cl A 1.74%
Berkshire Hathaway Inc Cl B 1.64%
UnitedHealth Group Inc 1.60%
Alphabet Inc Cl C 1.56%
Exxon Mobil Corp 1.42%
Johnson & Johnson 1.41%

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