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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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HUF

Horizons Active Ultra-Short Term US Investment Grade Bond ETF

Keep Ahead of U.S. Interest Rates

Horizons Active Ultra-Short Term US Investment Grade Bond ETF (HUF.U) is a U.S. dollar-denominated corporate bond ETF designed to generate income that is consistent with prevailing U.S. short-term corporate bond yields, while stabilizing the market value of the ETF from the effects of U.S. interest rate fluctuations.

Key Features

• Sub-advised by Fiera Capital Corporation, an experienced corporate fixed income manager
• Is generally expected to deliver a higher yield on U.S. cash holdings than GICs and U.S. Money Market funds
• Seeks to mitigate the negative impact of interest rate increases on a bond portfolio
• Holds a basket consisting primarily of high-quality, investment-grade U.S. corporate bonds

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 ?
$15,029,101
As at August 12, 2022
Consolidated Prior Day Volume ?
3
For August 12, 2022
Average Daily Trading Volume Over a 12 Month Period ?
3,526
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
0.40%
(Plus applicable sales tax)
Management Expense Ratio ?
0.47%
As at December 31, 2021
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300P2EUBA14VY5145
Most Recent Distributions Per Unit
0.0205
Estimated Annualized Yield ?
2.51%
12-Month Trailing Yield ?
1.49%
Distribution Frequency
Monthly
Record Date
July 29, 2022
NAV / Unit
$12.5798
Price
$12.63
Premium Discount
$0.05
Premium Discount Percentage
0.40%
Outstanding Shares
1,525,697
Weighted Average Duration ?
0.50
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
2.81
Weighted Average Yield to Maturity ?
3.45

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 Active Ultra-Short Term US Investment Grade Bond ETF 0.25 -0.25 -0.38 -0.52 0.94 0.06 2.37 -- 4.22

**Fund performance since inception on September 27, 2013, as at July 31, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Active Ultra-Short Term US Investment Grade Bond ETF

10.37 19.36 -0.54 -3.75 9.18 0.93 0.42 0.15

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
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

Sector Allocation

As at July 29, 2022
Financials 57.47%
Real Estate 10.89%
Industrial Services 10.64%
Communication 7.42%
Energy 7.07%
Infrastructure 3.91%
Cash & Equivalents 2.06%
Securitization 0.54%

Credit Ratings

As at July 29, 2022
AAA 0.55%
A+ 3.32%
A 0.48%
A- 28.13%
BBB+ 38.08%
BBB 19.67%
BBB- 6.62%
BB+ 2.42%
BB 0.75%

Geographic Exposure

As at July 29, 2022
United States 58.60%
Canada 40.96%
Others 0.44%

Top 10 Holdings

As at July 31, 2022
Security Name Weight
Wells Fargo & Co 2.19% 30-Apr-2026 8.13%
Manulife Financial Corp 4.06% 24-Feb-2032 7.49%
Bank of America Corp 3.55% 05-Mar-2024 7.30%
Bank of Montreal 4.34% 05-Oct-2028 6.64%
Kinder Morgan Energy Prtnrs LP 4.25% 01-Jun-2024 3.36%
Brookfield Finance LLC 4.00% 01-Feb-2024 3.34%
Duke Energy Corp 3.75% 15-Jan-2024 3.33%
Welltower Inc 3.63% 15-Mar-2024 3.32%
UnitedHealth Group Inc 3.50% 15-Jun-2023 3.31%
Morgan Stanley 2.72% 22-Jul-2025 3.19%
At a Glance

Keep Ahead of U.S. Interest Rates

Horizons Active Ultra-Short Term US Investment Grade Bond ETF (HUF.U) is a U.S. dollar-denominated corporate bond ETF designed to generate income that is consistent with prevailing U.S. short-term corporate bond yields, while stabilizing the market value of the ETF from the effects of U.S. interest rate fluctuations.

Key Features

• Sub-advised by Fiera Capital Corporation, an experienced corporate fixed income manager
• Is generally expected to deliver a higher yield on U.S. cash holdings than GICs and U.S. Money Market funds
• Seeks to mitigate the negative impact of interest rate increases on a bond portfolio
• Holds a basket consisting primarily of high-quality, investment-grade U.S. corporate bonds

Product Facts

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 ?
$15,029,101
As at August 12, 2022
Consolidated Prior Day Volume ?
3
For August 12, 2022
Average Daily Trading Volume Over a 12 Month Period ?
3,526
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
0.40%
(Plus applicable sales tax)
Management Expense Ratio ?
0.47%
 As at December 31, 2021
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300P2EUBA14VY5145
Most Recent Distributions Per Unit
0.0205
Estimated Annualized Yield ?
2.51%
12-Month Trailing Yield ?
1.49%
Distribution Frequency
Monthly
Record Date
July 29, 2022
NAV / Unit
$12.5798
Price
$12.63
Premium Discount
$0.05
Premium Discount Percentage
0.40%
Outstanding Shares
1,525,697
Weighted Average Duration ?
0.50
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
2.81
Weighted Average Yield to Maturity ?
3.45

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 Active Ultra-Short Term US Investment Grade Bond ETF 0.25 -0.25 -0.38 -0.52 0.94 0.06 2.37 -- 4.22

**Fund performance since inception on September 27, 2013, as at July 31, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Active Ultra-Short Term US Investment Grade Bond ETF 10.37 19.36 -0.54 -3.75 9.18 0.93 0.42 0.15

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
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
Holdings

Sector Allocation

As at July 29, 2022
Financials 57.47%
Real Estate 10.89%
Industrial Services 10.64%
Communication 7.42%
Energy 7.07%
Infrastructure 3.91%
Cash & Equivalents 2.06%
Securitization 0.54%

Credit Ratings

As at July 29, 2022
AAA 0.55%
A+ 3.32%
A 0.48%
A- 28.13%
BBB+ 38.08%
BBB 19.67%
BBB- 6.62%
BB+ 2.42%
BB 0.75%

Geographic Exposure

As at  July 29, 2022
United States 58.60%
Canada 40.96%
Others 0.44%

Top 10 Holdings

As at July 31, 2022
Security Name Weight
Wells Fargo & Co 2.19% 30-Apr-2026 8.13%
Manulife Financial Corp 4.06% 24-Feb-2032 7.49%
Bank of America Corp 3.55% 05-Mar-2024 7.30%
Bank of Montreal 4.34% 05-Oct-2028 6.64%
Kinder Morgan Energy Prtnrs LP 4.25% 01-Jun-2024 3.36%
Brookfield Finance LLC 4.00% 01-Feb-2024 3.34%
Duke Energy Corp 3.75% 15-Jan-2024 3.33%
Welltower Inc 3.63% 15-Mar-2024 3.32%
UnitedHealth Group Inc 3.50% 15-Jun-2023 3.31%
Morgan Stanley 2.72% 22-Jul-2025 3.19%

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