Generic filters
Search in excerpt

An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.38
$0.09
0.42%
NAV
$21.3073
$0.1153
0.54%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.06
$-0.06
-0.22%
NAV
$27.1252
$-0.1010
-0.37%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.15
$0.01
0.02%
NAV
$50.1398
$0.0198
0.04%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
Explore All Products
Generic filters
Search in excerpt
Back to All Products

HUF

Horizons Active Ultra-Short Term US Investment Grade Bond ETF

Annualized Distribution Yield ?

As at March 22, 2024

4.76%

Investment Objective

HUF.U seeks to generate income that is consistent with prevailing U.S. short-term corporate bond yields while reducing the potential effects of U.S. interest rate fluctuations on HUF.U. HUF.U invests primarily in a portfolio of U.S. corporate debt (including debt-like securities) directly, and hedges the portfolio’s U.S. interest rate risk by maintaining a portfolio duration that is not more than one year. HUF.U may also invest in U.S. government debt securities, as well as debt securities of non-U.S. companies. HUF.U may also invest in debt indirectly through investments in securities of other investment funds, including Listed Funds. HUF.U uses derivatives, including interest rate swaps, to deliver a floating rate of income.

Fund Details

Ticker
HUF
Inception Date
September 27, 2013
Net Assets ?
$11,668,238
As at  April 01, 2024
Consolidated Prior Day Volume ?
75
For  April 05, 2024
Average Daily Trading Volume Over a 12 Month Period ?
2,103
As at  April 05, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.40%
(Plus applicable sales tax)
Management Expense Ratio ?
0.46%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300P2EUBA14VY5145
Annualized Distribution Yield ?
4.76 %

As at  March 22, 2024

12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
February 29, 2024
Most Recent Distributions Per Unit ?
0.04
NAV / Unit
$--
Price
$13.59
Premium Discount
$--
Premium Discount Percentage
--%
Outstanding Shares
1,175,962
Weighted Average Duration ?
0.59
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.03
Weighted Average Yield to Maturity ?
4.50%

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 (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2024 02/28/2024 02/29/2024 03/07/2024 0.04 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.04 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.04 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.04 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.04 Monthly
2023 09/28/2023 09/29/2023 10/06/2023 0.041 Monthly
2023 08/30/2023 08/31/2023 09/08/2023 0.041 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.041 Monthly
2023 06/29/2023 06/30/2023 07/10/2023 0.03727 Monthly
2023 05/30/2023 05/31/2023 06/07/2023 0.03727 Monthly
2023 04/27/2023 04/28/2023 05/05/2023 0.03727 Monthly
2023 03/30/2023 03/31/2023 04/10/2023 0.03794 Monthly
2023 02/27/2023 02/28/2023 03/07/2023 0.03794 Monthly
2023 01/30/2023 01/31/2023 02/10/2023 0.03794 Monthly
2022 12/29/2022 12/30/2022 01/12/2023 0.03468 Monthly
2022 11/29/2022 11/30/2022 12/12/2022 0.03468 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03468 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.03468 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.02858 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.0205 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.01817 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.01817 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.01817 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.01308 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.01099 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.01099 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.01232 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.00634 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.00634 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.00634 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.00634 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.00634 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.00633 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0063 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0063 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0067 Monthly
2021 02/25/2021 02/26/2021 03/10/2021 0.0075 Monthly
2021 01/28/2021 01/29/2021 02/10/2021 0.0205 Monthly
2020 12/30/2020 12/31/2020 01/13/2021 0.0205 Monthly
2020 11/27/2020 11/30/2020 12/10/2020 0.0205 Monthly
2020 10/29/2020 10/30/2020 11/12/2020 0.0205 Monthly
2020 09/29/2020 09/30/2020 10/13/2020 0.0203 Monthly
2020 08/28/2020 08/31/2020 09/11/2020 0.0203 Monthly
2020 07/30/2020 07/31/2020 08/13/2020 0.0203 Monthly
2020 06/29/2020 06/30/2020 07/13/2020 0.0204 Monthly
2020 05/28/2020 05/29/2020 06/10/2020 0.0204 Monthly
2020 04/29/2020 04/30/2020 05/12/2020 0.0204 Monthly
2020 03/30/2020 03/31/2020 04/13/2020 0.0233 Monthly
2020 02/27/2020 02/28/2020 03/11/2020 0.0233 Monthly
2020 01/30/2020 01/31/2020 02/12/2020 0.0233 Monthly
2019 12/30/2019 12/31/2019 01/13/2020 0.0281 Monthly
2019 11/28/2019 11/29/2019 12/11/2019 0.0233 Monthly
2019 10/30/2019 10/31/2019 11/13/2019 0.0233 Monthly
2019 09/27/2019 09/30/2019 10/10/2019 0.0235 Monthly
2019 08/29/2019 08/30/2019 09/12/2019 0.0235 Monthly
2019 07/30/2019 07/31/2019 08/13/2019 0.0235 Monthly
2019 06/27/2019 06/28/2019 07/11/2019 0.0279 Monthly
2019 05/30/2019 05/31/2019 06/12/2019 0.0279 Monthly
2019 04/29/2019 04/30/2019 05/10/2019 0.0279 Monthly
2019 03/28/2019 03/29/2019 04/10/2019 0.0278 Monthly
2019 02/27/2019 02/28/2019 03/12/2019 0.0278 Monthly
2019 01/30/2019 01/31/2019 02/12/2019 0.0278 Monthly
2018 12/28/2018 12/31/2018 01/11/2019 0.1176 Monthly
2018 11/29/2018 11/30/2018 12/12/2018 0.0287 Monthly

Distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. For securityholders who hold the Canadian dollar-traded HUF, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

Sector Allocation

As at February 29, 2024
Financials 68.00%
Communication 8.23%
Cash & Equivalents 6.32%
Energy 6.14%
Infrastructure 4.76%
Industrial Services 3.29%
Real Estate 3.01%
Securitization 0.26%

Credit Ratings

As at February 29, 2024
AAA 2.69%
AA 0.37%
A 0.77%
A- 39.84%
BBB+ 31.45%
BBB 16.79%
BBB- 4.95%
BB+ 1.19%
BB 1.35%
Unrated 0.61%

Geographic Exposure

As at February 29, 2024
United States 63.15%
Canada 36.84%
Others 0.00%

Top 10 Holdings

As at February 29, 2024
Security Name Weight
Wells Fargo & Co - Pfd 10.30%
Manulife Financial Corp 4.06% 24-Feb-2027 9.36%
JPMorgan Chase & Co 2.08% 22-Apr-2025 7.93%
Bank of America Corp 5.20% 25-Apr-2028 6.22%
Morgan Stanley 5.45% 20-Jul-2028 4.13%
Goldman Sachs Group Inc 3.69% 05-Jun-2027 3.94%
Citigroup Inc - Pfd 3.54%
Verizon Communications Inc 2.36% 15-Dec-2031 3.41%
NATIONAL BANK OF CANADA 5.60% 18-Dec-2028 2.51%
CVS Health Corp 1.30% 21-Aug-2027 2.16%
At a Glance

Investment Objective

HUF.U seeks to generate income that is consistent with prevailing U.S. short-term corporate bond yields while reducing the potential effects of U.S. interest rate fluctuations on HUF.U. HUF.U invests primarily in a portfolio of U.S. corporate debt (including debt-like securities) directly, and hedges the portfolio’s U.S. interest rate risk by maintaining a portfolio duration that is not more than one year. HUF.U may also invest in U.S. government debt securities, as well as debt securities of non-U.S. companies. HUF.U may also invest in debt indirectly through investments in securities of other investment funds, including Listed Funds. HUF.U uses derivatives, including interest rate swaps, to deliver a floating rate of income.

Product Facts

Fund Details

Ticker
HUF
Inception Date
September 27, 2013
Net Assets ?
$11,668,238
As at  April 01, 2024
Consolidated Prior Day Volume ?
75
ForApril 05, 2024
Average Daily Trading Volume Over a 12 Month Period ?
2,103
As at  April 05, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.40%
(Plus applicable sales tax)
Management Expense Ratio ?
0.46%
 As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300P2EUBA14VY5145
Annualized Distribution Yield ?
4.76 %

As at  March 22, 2024

12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
February 29, 2024
Most Recent Distributions Per Unit ?
0.04
NAV / Unit
$--
Price
$13.59
Premium Discount
$--
Premium Discount Percentage
--%
Outstanding Shares
1,175,962
Weighted Average Duration ?
0.59
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.03
Weighted Average Yield to Maturity ?
4.50%

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 (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2024 02/28/2024 02/29/2024 03/07/2024 0.04 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.04 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.04 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.04 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.04 Monthly
2023 09/28/2023 09/29/2023 10/06/2023 0.041 Monthly
2023 08/30/2023 08/31/2023 09/08/2023 0.041 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.041 Monthly
2023 06/29/2023 06/30/2023 07/10/2023 0.03727 Monthly
2023 05/30/2023 05/31/2023 06/07/2023 0.03727 Monthly
2023 04/27/2023 04/28/2023 05/05/2023 0.03727 Monthly
2023 03/30/2023 03/31/2023 04/10/2023 0.03794 Monthly
2023 02/27/2023 02/28/2023 03/07/2023 0.03794 Monthly
2023 01/30/2023 01/31/2023 02/10/2023 0.03794 Monthly
2022 12/29/2022 12/30/2022 01/12/2023 0.03468 Monthly
2022 11/29/2022 11/30/2022 12/12/2022 0.03468 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03468 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.03468 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.02858 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.0205 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.01817 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.01817 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.01817 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.01308 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.01099 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.01099 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.01232 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.00634 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.00634 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.00634 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.00634 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.00634 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.00633 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0063 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0063 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0067 Monthly
2021 02/25/2021 02/26/2021 03/10/2021 0.0075 Monthly
2021 01/28/2021 01/29/2021 02/10/2021 0.0205 Monthly
2020 12/30/2020 12/31/2020 01/13/2021 0.0205 Monthly
2020 11/27/2020 11/30/2020 12/10/2020 0.0205 Monthly
2020 10/29/2020 10/30/2020 11/12/2020 0.0205 Monthly
2020 09/29/2020 09/30/2020 10/13/2020 0.0203 Monthly
2020 08/28/2020 08/31/2020 09/11/2020 0.0203 Monthly
2020 07/30/2020 07/31/2020 08/13/2020 0.0203 Monthly
2020 06/29/2020 06/30/2020 07/13/2020 0.0204 Monthly
2020 05/28/2020 05/29/2020 06/10/2020 0.0204 Monthly
2020 04/29/2020 04/30/2020 05/12/2020 0.0204 Monthly
2020 03/30/2020 03/31/2020 04/13/2020 0.0233 Monthly
2020 02/27/2020 02/28/2020 03/11/2020 0.0233 Monthly
2020 01/30/2020 01/31/2020 02/12/2020 0.0233 Monthly
2019 12/30/2019 12/31/2019 01/13/2020 0.0281 Monthly
2019 11/28/2019 11/29/2019 12/11/2019 0.0233 Monthly
2019 10/30/2019 10/31/2019 11/13/2019 0.0233 Monthly
2019 09/27/2019 09/30/2019 10/10/2019 0.0235 Monthly
2019 08/29/2019 08/30/2019 09/12/2019 0.0235 Monthly
2019 07/30/2019 07/31/2019 08/13/2019 0.0235 Monthly
2019 06/27/2019 06/28/2019 07/11/2019 0.0279 Monthly
2019 05/30/2019 05/31/2019 06/12/2019 0.0279 Monthly
2019 04/29/2019 04/30/2019 05/10/2019 0.0279 Monthly
2019 03/28/2019 03/29/2019 04/10/2019 0.0278 Monthly
2019 02/27/2019 02/28/2019 03/12/2019 0.0278 Monthly
2019 01/30/2019 01/31/2019 02/12/2019 0.0278 Monthly
2018 12/28/2018 12/31/2018 01/11/2019 0.1176 Monthly
2018 11/29/2018 11/30/2018 12/12/2018 0.0287 Monthly

Distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. For securityholders who hold the Canadian dollar-traded HUF, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

Holdings

Sector Allocation

As at February 29, 2024
Financials 68.00%
Communication 8.23%
Cash & Equivalents 6.32%
Energy 6.14%
Infrastructure 4.76%
Industrial Services 3.29%
Real Estate 3.01%
Securitization 0.26%

Credit Ratings

As at February 29, 2024
AAA 2.69%
AA 0.37%
A 0.77%
A- 39.84%
BBB+ 31.45%
BBB 16.79%
BBB- 4.95%
BB+ 1.19%
BB 1.35%
Unrated 0.61%

Geographic Exposure

As at  February 29, 2024
United States 63.15%
Canada 36.84%
Others 0.00%

Top 10 Holdings

As at February 29, 2024
Security Name Weight
Wells Fargo & Co - Pfd 10.30%
Manulife Financial Corp 4.06% 24-Feb-2027 9.36%
JPMorgan Chase & Co 2.08% 22-Apr-2025 7.93%
Bank of America Corp 5.20% 25-Apr-2028 6.22%
Morgan Stanley 5.45% 20-Jul-2028 4.13%
Goldman Sachs Group Inc 3.69% 05-Jun-2027 3.94%
Citigroup Inc - Pfd 3.54%
Verizon Communications Inc 2.36% 15-Dec-2031 3.41%
NATIONAL BANK OF CANADA 5.60% 18-Dec-2028 2.51%
CVS Health Corp 1.30% 21-Aug-2027 2.16%

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!