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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
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HYBR

Horizons Active Hybrid Bond and Preferred Share ETF

Annualized Distribution Yield ?

As at April 22, 2024

4.62%

Investment Objective

HYBR seeks to provide Unitholders with a high level of income by investing in a portfolio of debt and other debt-like securities, including but not limited to hybrid corporate debt (“Hybrids”), Alternative Tier 1 Capital (“AT1”) (such as LRCNs), and income generating equities, including but not limited to preferred securities (fixed-rate perpetual, fixed floating rate, retractable and floating rate), of Canadian and U.S. companies. HYBR may hedge some or all of its non-Canadian dollar currency exposure at the discretion of its Sub-Advisor.

As of March 10, 2021, the ETF name and ticker were changed. The ETF was previously named Horizons Active Floating Rate Preferred Share ETF (HFP). Subsequent to shareholder approval, the Investment Objective and Strategy of the ETF was also changed as of March 4, 2021.

Fund Details

Ticker
HYBR
Inception Date
October 01, 2013
Net Assets ?
$64,706,874
As at  April 22, 2024
Consolidated Prior Day Volume ?
8 283
For  April 22, 2024
Average Daily Trading Volume Over a 12 Month Period ?
16,851
As at  April 22, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.55%
(Plus applicable sales tax)
Management Expense Ratio ?
0.64%
As at June 30, 2023
Currency
CAD
LEI ?
549300WPIMP1OM8C2K79
Most Recent Distributions Per Unit
$0.03400
Annualized Distribution Yield ?
4.62 %

As at  April 22, 2024

12-Month Trailing Yield ?
5.13 %
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$8.8310
Price
$8.80
Premium Discount
$-0.03
Premium Discount Percentage
-0.35%
Outstanding Shares
7,327,217
Weighted Average Duration ?
2.56
Weighted Average Yield to Maturity ?
5.58%

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 Hybrid Bond and Preferred Share ETF 4.10 12.44 20.48 12.44 19.63 4.02 6.44 3.14 3.24

**Fund performance since inception on October 01, 2013, as at March 31, 2024

Calendar Year Performance (%) *

2016 2017 2018 2019 2020 2021 2022 2023

Horizons Active Hybrid Bond and Preferred Share ETF

8.38 16.79 -10.75 0.94 5.87 27.12 -17.95 8.18

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2024 03/27/2024 03/28/2024 04/05/2024 0.034 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.034 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.034 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.034 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.034 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.034 Monthly
2023 09/28/2023 09/29/2023 10/06/2023 0.035 Monthly
2023 08/30/2023 08/31/2023 09/08/2023 0.035 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.035 Monthly
2023 06/29/2023 06/30/2023 07/10/2023 0.03481 Monthly
2023 05/30/2023 05/31/2023 06/07/2023 0.03481 Monthly
2023 04/27/2023 04/28/2023 05/05/2023 0.03481 Monthly
2023 03/30/2023 03/31/2023 04/10/2023 0.03549 Monthly
2023 02/27/2023 02/28/2023 03/07/2023 0.03549 Monthly
2023 01/30/2023 01/31/2023 02/10/2023 0.03549 Monthly
2022 12/29/2022 12/30/2022 01/12/2023 0.03632 Monthly
2022 11/29/2022 11/30/2022 12/12/2022 0.03632 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03632 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.03632 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.03632 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.03482 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.03566 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.03566 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.03566 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.03741 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.03741 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.03741 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.03197 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.03197 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.03197 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.03188 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.03188 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.03188 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.03232 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0323 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0323 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0305 Monthly

Sector Allocation

As at March 31, 2024
Financial Services 40.16%
Energy 22.51%
Fixed Income 16.74%
Utilities 9.55%
Telecommunications 7.69%
Industrial Goods 1.26%
Real Estate 1.10%
Cash and Cash Equivalent 0.97%
Technology 0.03%
Consumer Services 0.00%

Preferred Share Ratings

As at March 28, 2024
Cash 3.61%
P2 38.69%
P3 41.83%
P4 or lower & N.R. 1.81%
Other 14.07%

Preferred Share Category

As at March 28, 2024
Hybrid 12.92%
Fixed-Floating 85.43%
Floating Rate 1.49%
Perpetual 1.89%

Top 10 Holdings

As at March 31, 2024
Security Name Weight
Royal Bank of Canada - Pfd Sr BD 2.83%
Toronto-Dominion Bank - Pfd Cl A Sr 1 2.59%
Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 2.36%
Bank of Montreal - Pfd Cl B Sr 29 2.31%
Pembina Pipeline Corp - Pfd Cl A Sr 19 2.28%
Royal Bank of Canada - Pfd Sr BF 2.12%
Toronto-Dominion Bank - Pfd Sr 7 2.06%
Royal Bank of Canada 4.20% PERP 1.88%
Enbridge Inc - Pfd Sr 11 1.86%
Enbridge Inc - Pfd Cl A Sr 3 1.78%
At a Glance

Investment Objective

HYBR seeks to provide Unitholders with a high level of income by investing in a portfolio of debt and other debt-like securities, including but not limited to hybrid corporate debt (“Hybrids”), Alternative Tier 1 Capital (“AT1”) (such as LRCNs), and income generating equities, including but not limited to preferred securities (fixed-rate perpetual, fixed floating rate, retractable and floating rate), of Canadian and U.S. companies. HYBR may hedge some or all of its non-Canadian dollar currency exposure at the discretion of its Sub-Advisor.

As of March 10, 2021, the ETF name and ticker were changed. The ETF was previously named Horizons Active Floating Rate Preferred Share ETF (HFP). Subsequent to shareholder approval, the Investment Objective and Strategy of the ETF was also changed as of March 4, 2021.

Product Facts

Fund Details

Ticker
HYBR
Inception Date
October 01, 2013
Net Assets ?
$64,706,874
As at  April 22, 2024
Consolidated Prior Day Volume ?
8 283
ForApril 22, 2024
Average Daily Trading Volume Over a 12 Month Period ?
16,851
As at  April 22, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.55%
(Plus applicable sales tax)
Management Expense Ratio ?
0.64%
 As at June 30, 2023
Currency
CAD
LEI ?
549300WPIMP1OM8C2K79
Most Recent Distributions Per Unit
0.034
Annualized Distribution Yield ?
4.62 %

As at  April 22, 2024

12-Month Trailing Yield ?
5.13 %
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$8.8310
Price
$8.80
Premium Discount
$-0.03
Premium Discount Percentage
-0.35%
Outstanding Shares
7,327,217
Weighted Average Duration ?
2.56
Weighted Average Yield to Maturity ?
5.58%

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 Hybrid Bond and Preferred Share ETF 4.10 12.44 20.48 12.44 19.63 4.02 6.44 3.14 3.24

**Fund performance since inception on October 01, 2013, as at March 31, 2024

Calendar Year Performance (%)

2016 2017 2018 2019 2020 2021 2022 2023
Horizons Active Hybrid Bond and Preferred Share ETF 8.38 16.79 -10.75 0.94 5.87 27.12 -17.95 8.18

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2024 03/27/2024 03/28/2024 04/05/2024 0.034 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.034 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.034 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.034 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.034 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.034 Monthly
2023 09/28/2023 09/29/2023 10/06/2023 0.035 Monthly
2023 08/30/2023 08/31/2023 09/08/2023 0.035 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.035 Monthly
2023 06/29/2023 06/30/2023 07/10/2023 0.03481 Monthly
2023 05/30/2023 05/31/2023 06/07/2023 0.03481 Monthly
2023 04/27/2023 04/28/2023 05/05/2023 0.03481 Monthly
2023 03/30/2023 03/31/2023 04/10/2023 0.03549 Monthly
2023 02/27/2023 02/28/2023 03/07/2023 0.03549 Monthly
2023 01/30/2023 01/31/2023 02/10/2023 0.03549 Monthly
2022 12/29/2022 12/30/2022 01/12/2023 0.03632 Monthly
2022 11/29/2022 11/30/2022 12/12/2022 0.03632 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03632 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.03632 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.03632 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.03482 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.03566 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.03566 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.03566 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.03741 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.03741 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.03741 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.03197 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.03197 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.03197 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.03188 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.03188 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.03188 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.03232 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0323 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0323 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0305 Monthly
Holdings

Sector Allocation

As at March 31, 2024
Financial Services 40.16%
Energy 22.51%
Fixed Income 16.74%
Utilities 9.55%
Telecommunications 7.69%
Industrial Goods 1.26%
Real Estate 1.10%
Cash and Cash Equivalent 0.97%
Technology 0.03%
Consumer Services 0.00%

Preferred Share Ratings

As at March 28, 2024
Cash 3.61%
P2 38.69%
P3 41.83%
P4 or lower & N.R. 1.81%
Other 14.07%

Preferred Share Category

As at March 28, 2024
Hybrid 12.92%
Fixed-Floating 85.43%
Floating Rate 1.49%
Perpetual 1.89%

Top 10 Holdings

As at March 31, 2024
Security Name Weight
Royal Bank of Canada - Pfd Sr BD 2.83%
Toronto-Dominion Bank - Pfd Cl A Sr 1 2.59%
Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 2.36%
Bank of Montreal - Pfd Cl B Sr 29 2.31%
Pembina Pipeline Corp - Pfd Cl A Sr 19 2.28%
Royal Bank of Canada - Pfd Sr BF 2.12%
Toronto-Dominion Bank - Pfd Sr 7 2.06%
Royal Bank of Canada 4.20% PERP 1.88%
Enbridge Inc - Pfd Sr 11 1.86%
Enbridge Inc - Pfd Cl A Sr 3 1.78%

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