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HBNK

Horizons Equal Weight Banks Index ETF

Price
$18.77
$-0.09
-0.48%
NAV
$18.8551
$0.0396
0.21%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

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

Price
$27.44
$-0.04
-0.15%
NAV
$27.4405
$-0.1343
-0.49%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.20
$0.01
0.01%
NAV
$50.1728
$0.0071
0.01%

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 November 24, 2023

5.21%

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
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 ?
5.21 %

As at  November 24, 2023

12-Month Trailing Yield ?
5.83 %
Distribution Frequency
Monthly
Record Date
October 31, 2023
NAV / Unit
$7.8330
Price
$7.77
Premium Discount
$-0.06
Premium Discount Percentage
-0.81%
Outstanding Shares
9,401,871
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%
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
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 ?
5.21 %

As at  November 24, 2023

12-Month Trailing Yield ?
5.83 %
Distribution Frequency
Monthly
Record Date
October 31, 2023
NAV / Unit
$7.8330
Price
$7.77
Premium Discount
$-0.06
Premium Discount Percentage
-0.81%
Outstanding Shares
9,401,871
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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