HYBR
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 ?
$73,644,765
As at November 24, 2023
Consolidated Prior Day Volume ?
6 020
For November 24, 2023
Average Daily Trading Volume Over a 12 Month Period ?
29,522
As at November 24, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.55%
(Plus applicable sales tax)
Management Expense Ratio ?
0.64%
As at June 30, 2023
Currency
CAD
LEI ?
549300WPIMP1OM8C2K79
Distribution Metrics
Most Recent Distributions Per Unit
$0.03400
Annualized Distribution Yield ?
5.21 %
As at November 24, 2023
12-Month Trailing Yield ?
5.83 %
Distribution Frequency
Monthly
Record Date
October 31, 2023
Portfolio Investment Metrics
As at October 31, 2023
Weighted Average Duration ?
2.90
Weighted Average Yield to Maturity ?
6.97%
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 | -2.28 | -4.27 | -3.40 | -1.34 | -3.41 | 4.79 | -0.27 | 1.27 | 1.25 |
**Fund performance since inception on October 01, 2013, as at October 31, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Active Hybrid Bond and Preferred Share ETF |
-13.41 | 8.38 | 16.79 | -10.75 | 0.94 | 5.87 | 27.12 | -17.95 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 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 October 31, 2023| Financial Services | 39.67% |
| Energy | 21.45% |
| Fixed Income | 16.51% |
| Utilities | 10.18% |
| Telecommunications | 8.15% |
| Cash and Cash Equivalent | 1.65% |
| Industrial Goods | 1.19% |
| Real Estate | 1.13% |
| Technology | 0.08% |
| Consumer Services | 0.01% |
Preferred Share Ratings
As at October 31, 2023| Cash | 3.86% |
| P2 | 37.61% |
| P3 | 42.67% |
| P4 or lower & N.R. | 1.56% |
| Other | 14.31% |
Preferred Share Category
As at October 31, 2023| Hybrid | 13.49% |
| Fixed-Floating | 78.42% |
| Floating Rate | 2.09% |
| Perpetual | 4.89% |
Top 10 Holdings
As at October 31, 2023| Security Name | Weight |
|---|---|
| Royal Bank of Canada - Pfd Sr BD | 2.33% |
| Pembina Pipeline Corp - Pfd Cl A Sr 19 | 2.13% |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 | 1.95% |
| Bank of Montreal - Pfd Cl B Sr 29 | 1.91% |
| Toronto-Dominion Bank - Pfd Cl A Sr 1 | 1.83% |
| Toronto-Dominion Bank - Pfd Sr 7 | 1.77% |
| Enbridge Inc - Pfd Sr 11 | 1.76% |
| Royal Bank of Canada 4.20% PERP | 1.76% |
| Enbridge Inc - Pfd Cl A Sr 3 | 1.74% |
| Royal Bank of Canada - Pfd Sr BF | 1.67% |
Education
Regulatory and Legal
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 ?
$73,644,765
As at November 24, 2023
Consolidated Prior Day Volume ?
6 020
ForNovember 24, 2023
Average Daily Trading Volume Over a 12 Month Period ?
29,522
As at November 24, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.55%
(Plus applicable sales tax)
Management Expense Ratio ?
0.64%
As at June 30, 2023
Currency
CAD
LEI ?
549300WPIMP1OM8C2K79
Distribution Metrics
As at November 24, 2023
Most Recent Distributions Per Unit
0.034
Annualized Distribution Yield ?
5.21 %
As at November 24, 2023
12-Month Trailing Yield ?
5.83 %
Distribution Frequency
Monthly
Record Date
October 31, 2023
Portfolio Investment Metrics
As at October 31, 2023
Weighted Average Duration ?
2.90
Weighted Average Yield to Maturity ?
6.97%
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 | -2.28 | -4.27 | -3.40 | -1.34 | -3.41 | 4.79 | -0.27 | 1.27 | 1.25 |
**Fund performance since inception on October 01, 2013, as at October 31, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Active Hybrid Bond and Preferred Share ETF | -13.41 | 8.38 | 16.79 | -10.75 | 0.94 | 5.87 | 27.12 | -17.95 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 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 October 31, 2023| Financial Services | 39.67% |
| Energy | 21.45% |
| Fixed Income | 16.51% |
| Utilities | 10.18% |
| Telecommunications | 8.15% |
| Cash and Cash Equivalent | 1.65% |
| Industrial Goods | 1.19% |
| Real Estate | 1.13% |
| Technology | 0.08% |
| Consumer Services | 0.01% |
Preferred Share Ratings
As at October 31, 2023| Cash | 3.86% |
| P2 | 37.61% |
| P3 | 42.67% |
| P4 or lower & N.R. | 1.56% |
| Other | 14.31% |
Preferred Share Category
As at October 31, 2023| Hybrid | 13.49% |
| Fixed-Floating | 78.42% |
| Floating Rate | 2.09% |
| Perpetual | 4.89% |
Top 10 Holdings
As at October 31, 2023| Security Name | Weight |
|---|---|
| Royal Bank of Canada - Pfd Sr BD | 2.33% |
| Pembina Pipeline Corp - Pfd Cl A Sr 19 | 2.13% |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 | 1.95% |
| Bank of Montreal - Pfd Cl B Sr 29 | 1.91% |
| Toronto-Dominion Bank - Pfd Cl A Sr 1 | 1.83% |
| Toronto-Dominion Bank - Pfd Sr 7 | 1.77% |
| Enbridge Inc - Pfd Sr 11 | 1.76% |
| Royal Bank of Canada 4.20% PERP | 1.76% |
| Enbridge Inc - Pfd Cl A Sr 3 | 1.74% |
| Royal Bank of Canada - Pfd Sr BF | 1.67% |
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