HSH
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 ?
$222,025,661
As at January 27, 2023
Consolidated Prior Day Volume ?
16,839
For January 27, 2023
Average Daily Trading Volume Over a 12 Month Period ?
14,101
As at January 27, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
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 ?
25.69%
As at December 30, 2022
LEI ?
549300TZIB8CU6MJK384
Index Investment Metrics
As at December 30, 2022
Index 12-Month Trailing Yield ?
1.76
Current Index Yield ?
1.72
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 | -5.87 | 7.02 | 1.47 | -19.30 | -19.30 | 6.36 | 8.12 | -- | 10.55 | S&P 500® CAD Hedged Index (Total Return) | -5.82 | 7.42 | 1.55 | -19.10 | -19.10 | 6.32 | 8.04 | -- | 10.54 |
**Fund performance since inception on September 19, 2016, as at December 31, 2022
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons S&P 500 CAD Hedged Index ETF |
-- | -- | 20.86 | -5.59 | 30.07 | 16.64 | 27.82 | -19.30 | S&P 500® CAD Hedged Index (Total Return) | -- | -- | 21.16 | -5.70 | 29.87 | 15.79 | 28.29 | -19.10 |
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 December 30, 2022| Information Technology | 25.74% |
| Health Care | 15.82% |
| Financials | 11.66% |
| Consumer Goods | 9.80% |
| Industrial Services | 8.65% |
| Communication Services | 7.28% |
| Consumer Service | 7.20% |
| Energy | 5.23% |
| Utilities | 3.18% |
| Materials | 2.73% |
| Real Estate | 2.71% |
Top 10 Index Holdings
As at December 31, 2022| Security Name | Weight |
|---|---|
| Apple Inc | 6.05% |
| Microsoft Corp | 5.56% |
| Amazon.com Inc | 2.32% |
| Berkshire Hathaway Inc Cl B | 1.73% |
| Alphabet Inc Cl A | 1.64% |
| UnitedHealth Group Inc | 1.54% |
| Alphabet Inc Cl C | 1.46% |
| Johnson & Johnson | 1.44% |
| Exxon Mobil Corp | 1.41% |
| JPMorgan Chase & Co | 1.22% |
Education
Regulatory and Legal
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 ?
$222,025,661
As at January 27, 2023
Consolidated Prior Day Volume ?
16,839
For January 27, 2023
Average Daily Trading Volume Over a 12 Month Period ?
14,101
As at January 27, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
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 ?
25.69%
As at December 30, 2022
LEI ?
549300TZIB8CU6MJK384
Index Investment Metrics
As at December 30, 2022
Index 12-Month Trailing Yield ?
1.76
Current Index Yield ?
1.72
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 | -5.87 | 7.02 | 1.47 | -19.30 | -19.30 | 6.36 | 8.12 | -- | 10.55 | S&P 500® CAD Hedged Index (Total Return) | -5.82 | 7.42 | 1.55 | -19.10 | -19.10 | 6.32 | 8.04 | -- | 10.54 |
**Fund performance since inception on September 19, 2016, as at December 31, 2022
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons S&P 500 CAD Hedged Index ETF | -- | -- | 20.86 | -5.59 | 30.07 | 16.64 | 27.82 | -19.30 | S&P 500® CAD Hedged Index (Total Return) | -- | -- | 21.16 | -5.70 | 29.87 | 15.79 | 28.29 | -19.10 |
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 December 30, 2022| Information Technology | 25.74% |
| Health Care | 15.82% |
| Financials | 11.66% |
| Consumer Goods | 9.80% |
| Industrial Services | 8.65% |
| Communication Services | 7.28% |
| Consumer Service | 7.20% |
| Energy | 5.23% |
| Utilities | 3.18% |
| Materials | 2.73% |
| Real Estate | 2.71% |
Top 10 Index Holdings
As at December 31, 2022| Security Name | Weight |
|---|---|
| Apple Inc | 6.05% |
| Microsoft Corp | 5.56% |
| Amazon.com Inc | 2.32% |
| Berkshire Hathaway Inc Cl B | 1.73% |
| Alphabet Inc Cl A | 1.64% |
| UnitedHealth Group Inc | 1.54% |
| Alphabet Inc Cl C | 1.46% |
| Johnson & Johnson | 1.44% |
| Exxon Mobil Corp | 1.41% |
| JPMorgan Chase & Co | 1.22% |
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