HXF
Get the Total Return on Canadian Financial Stocks
Horizons S&P/TSX Capped Financials Index ETF (HXF) provides exposure to the performance of the S&P/TSX Capped Financials Index (Total Return). The S&P/TSX Capped Financials Index is designed to measure the performance of Canadian financial sector equity securities included in the S&P/TSX Composite Index. The relative weight of any single index constituent security is capped.
Key Features
• The Total Return Index Advantage: HXF is part of Horizons Total Return Index family of ETFs. HXF 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 Efficiency: HXF is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HXF’s net asset value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly
Investment Objective
HXF seeks to replicate, to the extent possible, the performance of the S&P/TSX Capped Financials Index (Total Return), net of expenses. The S&P/TSX Capped Financials Index is designed to measure the performance of Canadian financial sector equity securities included in the S&P/TSX Composite Index. The Relative Weight of any single index Constituent Security is capped.
Fund Details
Ticker
HXF
Inception Date
September 16, 2013
Net Assets ?
$61,908,101
As at December 06, 2022
Consolidated Prior Day Volume ?
1,460
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
2,435
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
TTFSAR
Management Fee
0.25%
(Plus applicable sales tax)
Management Expense Ratio ?
0.27%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
30.9%
As at November 30, 2022
LEI ?
549300YJBCQHH7AOTT09
Index Investment Metrics
As at October 31, 2022
Index 12-Month Trailing Yield ?
4.25
Current Index Yield ?
4.12
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/TSX Capped Financials Index ETF | 6.18 | 6.75 | -1.47 | -4.23 | 1.66 | 8.81 | 7.82 | -- | 10.12 | S&P/TSX Capped Financials Index (Total Return) | 6.20 | 6.83 | -1.34 | -3.99 | 1.94 | 9.10 | 8.11 | -- | 10.58 |
**Fund performance since inception on September 16, 2013, as at November 30, 2022
Calendar Year Performance (%) *
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons S&P/TSX Capped Financials Index ETF |
12.12 | -3.39 | 23.68 | 12.98 | -9.48 | 21.04 | 1.38 | 36.13 | S&P/TSX Capped Financials Index (Total Return) | 12.57 | -3.00 | 24.15 | 13.32 | -9.22 | 21.36 | 1.62 | 36.50 |
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.
Top 10 Index Holdings
As at October 31, 2022| Security Name | Weight |
|---|---|
| Royal Bank of Canada | 20.34% |
| Toronto-Dominion Bank | 18.23% |
| Bank of Montreal | 9.80% |
| Bank of Nova Scotia | 9.09% |
| Brookfield Asset Management Inc Cl A | 8.92% |
| Canadian Imperial Bank of Commerce | 6.47% |
| Manulife Financial Corp | 4.98% |
| Intact Financial Corp | 4.21% |
| Sun Life Financial Inc | 3.92% |
| National Bank of Canada | 3.61% |
Education
Regulatory and Legal
At a Glance
Get the Total Return on Canadian Financial Stocks
Horizons S&P/TSX Capped Financials Index ETF (HXF) provides exposure to the performance of the S&P/TSX Capped Financials Index (Total Return). The S&P/TSX Capped Financials Index is designed to measure the performance of Canadian financial sector equity securities included in the S&P/TSX Composite Index. The relative weight of any single index constituent security is capped.
Key Features
• The Total Return Index Advantage: HXF is part of Horizons Total Return Index family of ETFs. HXF 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 Efficiency: HXF is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HXF’s net asset value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly
Product Facts
Investment Objective
HXF seeks to replicate, to the extent possible, the performance of the S&P/TSX Capped Financials Index (Total Return), net of expenses. The S&P/TSX Capped Financials Index is designed to measure the performance of Canadian financial sector equity securities included in the S&P/TSX Composite Index. The Relative Weight of any single index Constituent Security is capped.
Fund Details
Ticker
HXF
Inception Date
September 16, 2013
Net Assets ?
$61,908,101
As at December 06, 2022
Consolidated Prior Day Volume ?
1,460
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
2,435
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
TTFSAR
Management Fee
0.25%
(Plus applicable sales tax)
Management Expense Ratio ?
0.27%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
30.9%
As at November 30, 2022
LEI ?
549300YJBCQHH7AOTT09
Index Investment Metrics
As at October 31, 2022
Index 12-Month Trailing Yield ?
4.25
Current Index Yield ?
4.12
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/TSX Capped Financials Index ETF | 6.18 | 6.75 | -1.47 | -4.23 | 1.66 | 8.81 | 7.82 | -- | 10.12 | S&P/TSX Capped Financials Index (Total Return) | 6.20 | 6.83 | -1.34 | -3.99 | 1.94 | 9.10 | 8.11 | -- | 10.58 |
**Fund performance since inception on September 16, 2013, as at November 30, 2022
Calendar Year Performance (%)
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| Horizons S&P/TSX Capped Financials Index ETF | 12.12 | -3.39 | 23.68 | 12.98 | -9.48 | 21.04 | 1.38 | 36.13 | S&P/TSX Capped Financials Index (Total Return) | 12.57 | -3.00 | 24.15 | 13.32 | -9.22 | 21.36 | 1.62 | 36.50 |
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
Top 10 Index Holdings
As at October 31, 2022| Security Name | Weight |
|---|---|
| Royal Bank of Canada | 20.34% |
| Toronto-Dominion Bank | 18.23% |
| Bank of Montreal | 9.80% |
| Bank of Nova Scotia | 9.09% |
| Brookfield Asset Management Inc Cl A | 8.92% |
| Canadian Imperial Bank of Commerce | 6.47% |
| Manulife Financial Corp | 4.98% |
| Intact Financial Corp | 4.21% |
| Sun Life Financial Inc | 3.92% |
| National Bank of Canada | 3.61% |
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