INOC
Screening for the Best Canadian Stocks
Horizons Inovestor Canadian Equity Index ETF (INOC) has a Canadian-focused equity mandate which aims to hold high-quality Canadian stocks by seeking to replicate the performance of the Nasdaq Inovestor Canada Index. The Index, made by Inovestor Asset Management Inc. in partnership with NASDAQ, applies an innovative stock selection methodology based on quality and value metrics.
Key Features
• Expertise of Inovestor: Harnesses the stock selection power of Inovestor – a widely followed stock selection software service used by advisors across Canada
• Equal Weighted: INOC is rebalanced quarterly back to an equal weight. This discipline sells winners and takes profits
• Diversification: The strategy is expected to avoid permanent sector concentration issues associated with traditional indices
• Performance Potential: The Index has historically generated better risk-adjusted returns than the broad Canadian stock market, as well as many widely followed factor-based indices
Investment Objective
INOC seeks to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index, net of expenses. The Nasdaq Inovestor Canada Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe.
Fund Details
Ticker
INOC
Inception Date
November 13, 2017
Net Assets ?
$28,072,262
As at March 17, 2023
Consolidated Prior Day Volume ?
4,075
For March 17, 2023
Average Daily Trading Volume Over a 12 Month Period ?
4,026
As at March 17, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Benchmark
Bloomberg Index Ticker
NQICAT
Management Fee
0.50%
(Plus applicable sales tax)
Management Expense Ratio ?
0.65%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300LZ6LFEZ0AAJM95
Distribution Metrics
Most Recent Distributions Per Unit
0.01584
Estimated Annualized Yield ?
0.53 %
12-Month Trailing Yield ?
1.71 %
Distribution Frequency
Quarterly
Record Date
December 30, 2022
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 Inovestor Canadian Equity Index ETF | -0.65 | 1.20 | 8.91 | 6.14 | -0.04 | 10.04 | 7.02 | -- | 6.66 | Nasdaq Inovestor Canada Index (Total Return) | -0.65 | 1.33 | 9.25 | 6.23 | 0.61 | 10.50 | 7.63 | -- | 7.28 |
**Fund performance since inception on November 13, 2017, as at February 28, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Inovestor Canadian Equity Index ETF |
-- | -- | -- | -10.45 | 23.00 | 2.10 | 20.89 | -5.28 | Nasdaq Inovestor Canada Index (Total Return) | -- | -- | -- | -9.81 | 24.15 | 1.97 | 21.68 | -4.59 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.01584 | — | Quarterly |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.06961 | — | Quarterly |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.06699 | — | Quarterly |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.0652 | — | Quarterly |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.09791 | 0.28596 | Quarterly |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.0504 | — | Quarterly |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.04417 | — | Quarterly |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0427 | — | Quarterly |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.0513 | — | Quarterly |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0555 | — | Quarterly |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.0619 | — | Quarterly |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0534 | — | Quarterly |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0537 | — | Quarterly |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.0519 | — | Quarterly |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0592 | — | Quarterly |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0433 | — | Quarterly |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0409 | — | Quarterly |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0538 | — | Quarterly |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0455 | — | Quarterly |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0435 | — | Quarterly |
Top 10 Holdings
As at March 17, 2023| Security Name | Weight |
|---|---|
| TFI International Inc | 4.58% |
| Canfor Corp | 4.50% |
| Stella-Jones Inc | 4.44% |
| Parex Resources Inc | 4.33% |
| Richelieu Hardware Ltd | 4.18% |
| Hydro One Ltd | 4.17% |
| Canadian Pacific Railway Ltd | 4.14% |
| Constellation Software Inc | 4.11% |
| NORTH WEST CO INC (THE) VARIABLE VTG AND VTG | 4.10% |
| ALIMENTATION COUCHE-TARD INC | 4.10% |
Holdings are subject to change. Download full prior business day: Holdings
Education
Regulatory and Legal
Financial Reports
At a Glance
Screening for the Best Canadian Stocks
Horizons Inovestor Canadian Equity Index ETF (INOC) has a Canadian-focused equity mandate which aims to hold high-quality Canadian stocks by seeking to replicate the performance of the Nasdaq Inovestor Canada Index. The Index, made by Inovestor Asset Management Inc. in partnership with NASDAQ, applies an innovative stock selection methodology based on quality and value metrics.
Key Features
• Expertise of Inovestor: Harnesses the stock selection power of Inovestor – a widely followed stock selection software service used by advisors across Canada
• Equal Weighted: INOC is rebalanced quarterly back to an equal weight. This discipline sells winners and takes profits
• Diversification: The strategy is expected to avoid permanent sector concentration issues associated with traditional indices
• Performance Potential: The Index has historically generated better risk-adjusted returns than the broad Canadian stock market, as well as many widely followed factor-based indices
Product Facts
Investment Objective
INOC seeks to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index, net of expenses. The Nasdaq Inovestor Canada Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe.
Fund Details
Ticker
INOC
Inception Date
November 13, 2017
Net Assets ?
$28,072,262
As at March 17, 2023
Consolidated Prior Day Volume ?
4,075
For March 17, 2023
Average Daily Trading Volume Over a 12 Month Period ?
4,026
As at March 17, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Benchmark
Bloomberg Index Ticker
NQICAT
Management Fee
0.50%
(Plus applicable sales tax)
Management Expense Ratio ?
0.65%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300LZ6LFEZ0AAJM95
Distribution Metrics
Most Recent Distributions Per Unit
0.01584
Estimated Annualized Yield ?
0.53%
12-Month Trailing Yield ?
1.71%
Distribution Frequency
Quarterly
Record Date
December 30, 2022
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 Inovestor Canadian Equity Index ETF | -0.65 | 1.20 | 8.91 | 6.14 | -0.04 | 10.04 | 7.02 | -- | 6.66 | Nasdaq Inovestor Canada Index (Total Return) | -0.65 | 1.33 | 9.25 | 6.23 | 0.61 | 10.50 | 7.63 | -- | 7.28 |
**Fund performance since inception on November 13, 2017, as at February 28, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Inovestor Canadian Equity Index ETF | -- | -- | -- | -10.45 | 23.00 | 2.10 | 20.89 | -5.28 | Nasdaq Inovestor Canada Index (Total Return) | -- | -- | -- | -9.81 | 24.15 | 1.97 | 21.68 | -4.59 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2022 | 12/29/2022 | 12/30/2022 | 01/12/2023 | 0.01584 | Quarterly | |
| 2022 | 09/28/2022 | 09/29/2022 | 10/13/2022 | 0.06961 | Quarterly | |
| 2022 | 06/29/2022 | 06/30/2022 | 07/13/2022 | 0.06699 | Quarterly | |
| 2022 | 03/30/2022 | 03/31/2022 | 04/12/2022 | 0.0652 | Quarterly | |
| 2021 | 12/30/2021 | 12/31/2021 | 01/13/2022 | 0.09791 | 0.28596 | Quarterly |
| 2021 | 09/28/2021 | 09/29/2021 | 10/13/2021 | 0.0504 | Quarterly | |
| 2021 | 06/29/2021 | 06/30/2021 | 07/13/2021 | 0.04417 | Quarterly | |
| 2021 | 03/30/2021 | 03/31/2021 | 04/13/2021 | 0.0427 | Quarterly | |
| 2020 | 12/30/2020 | 12/31/2020 | 01/13/2021 | 0.0513 | Quarterly | |
| 2020 | 09/29/2020 | 09/30/2020 | 10/13/2020 | 0.0555 | Quarterly | |
| 2020 | 06/29/2020 | 06/30/2020 | 07/13/2020 | 0.0619 | Quarterly | |
| 2020 | 03/30/2020 | 03/31/2020 | 04/13/2020 | 0.0534 | Quarterly | |
| 2019 | 12/30/2019 | 12/31/2019 | 01/13/2020 | 0.0537 | Quarterly | |
| 2019 | 09/27/2019 | 09/30/2019 | 10/10/2019 | 0.0519 | Quarterly | |
| 2019 | 06/27/2019 | 06/28/2019 | 07/11/2019 | 0.0592 | Quarterly | |
| 2019 | 03/28/2019 | 03/29/2019 | 04/10/2019 | 0.0433 | Quarterly | |
| 2018 | 12/28/2018 | 12/31/2018 | 01/11/2019 | 0.0409 | Quarterly | |
| 2018 | 09/27/2018 | 09/28/2018 | 10/11/2018 | 0.0538 | Quarterly | |
| 2018 | 06/28/2018 | 06/29/2018 | 07/12/2018 | 0.0455 | Quarterly | |
| 2018 | 03/28/2018 | 03/29/2018 | 04/11/2018 | 0.0435 | Quarterly |
Holdings
Top 10 Holdings
As at March 17, 2023| Security Name | Weight |
|---|---|
| TFI International Inc | 4.58% |
| Canfor Corp | 4.50% |
| Stella-Jones Inc | 4.44% |
| Parex Resources Inc | 4.33% |
| Richelieu Hardware Ltd | 4.18% |
| Hydro One Ltd | 4.17% |
| Canadian Pacific Railway Ltd | 4.14% |
| Constellation Software Inc | 4.11% |
| NORTH WEST CO INC (THE) VARIABLE VTG AND VTG | 4.10% |
| ALIMENTATION COUCHE-TARD INC | 4.10% |
Holdings are subject to change. Download full prior business day: Holdings
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