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An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.03
$-0.03
-0.14%
NAV
$21.0209
$0.0051
0.02%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

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

Price
$27.24
$-0.02
-0.07%
NAV
$27.2563
$-0.0439
-0.16%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.12
$0.01
0.02%
NAV
$50.1069
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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LPAY

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

U.S. Treasuries, now with More Income

Investment Objective: LPAY seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, generally targeting a duration over 10 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, LPAY will employ a dynamic option program.

Fund Details

Ticker
LPAY
Inception Date
October 04, 2023
Net Assets ?
$22,707,468
As at  April 17, 2024
Consolidated Prior Day Volume ?
199 586
For  April 17, 2024
Average Daily Trading Volume Over a 12 Month Period ?
20,051
As at  April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.45%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
No
LEI ?
894500DN6DAUDD3TSC43
Weighted Average Duration ?
13.175
As at February 29, 2024
Average Credit Quality ?
AA+
As at February 29, 2024
Weighted Average Yield to Maturity ?
4.630
As at February 29, 2024
Weighted Average Term to Maturity
20.195
As at February 29, 2024
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
March 28, 2024
Most Recent Distributions Per Unit ?
0.175
NAV / Unit
$27.1832
Price
$27.47
Premium Discount
$0.29
Premium Discount Percentage
1.04%
Outstanding Shares
1,150,401
Percent Written by Month End
30.59%
Average OTM % When Written
0.88%
Percentage of Options OTM by Month End
65.03%
Standard Deviation
12.82%

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 (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

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 0.175 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.175 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.175 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.175 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.175 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.175 Monthly

Distributions for the Horizons Long-Term U.S. Treasury Premium Yield ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker LPAY. For securityholders who hold the Canadian dollar-traded LPAY, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

Credit Ratings

As at October 05, 2023
AA+ 100.00%

Geographic Exposure

As at October 05, 2023
United States 100.00%

Top 10 Holdings

As at April 17, 2024
Security Name Weight
iShares 20 Plus Year Treasury Bond ETF (TLT) 50.57%
Vanguard Long-Term Treasury Index ETF (VGLT) 29.56%
HORIZONS 0-3 MONTH US T-BILL ETF 19.69%
CASH 0.53%
CANADIAN DOLLAR 0.03%

Holdings are subject to change. Download full prior business day: Holdings

At a Glance

U.S. Treasuries, now with More Income

Investment Objective: LPAY seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, generally targeting a duration over 10 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, LPAY will employ a dynamic option program.

Product Facts

Fund Details

Ticker
LPAY
Inception Date
October 04, 2023
Net Assets ?
$22,707,468
As at  April 17, 2024
Consolidated Prior Day Volume ?
199 586
ForApril 17, 2024
Average Daily Trading Volume Over a 12 Month Period ?
20,051
As at  April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.45%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
No
LEI ?
894500DN6DAUDD3TSC43
Weighted Average Duration ?
13.175
As at February 29, 2024
Average Credit Quality ?
AA+
As at February 29, 2024
Weighted Average Yield to Maturity ?
4.630
As at February 29, 2024
Weighted Average Term to Maturity
20.195
As at February 29, 2024
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
March 28, 2024
Most Recent Distributions Per Unit ?
0.175
NAV / Unit
$27.1832
Price
$27.47
Premium Discount
$0.29
Premium Discount Percentage
1.04%
Outstanding Shares
1,150,401
Percent Written by Month End
30.59%
Average OTM % When Written
0.88%
Percentage of Options OTM by Month End
65.03%
Standard Deviation
12.82%

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 (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

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 0.175 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.175 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.175 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.175 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.175 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.175 Monthly

Distributions for the Horizons Long-Term U.S. Treasury Premium Yield ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker LPAY. For securityholders who hold the Canadian dollar-traded LPAY, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

Holdings

Credit Ratings

As at October 05, 2023
AA+ 100.00%

Geographic Exposure

As at  October 05, 2023
United States 100.00%

Top 10 Holdings

As at April 17, 2024
Security Name Weight
iShares 20 Plus Year Treasury Bond ETF (TLT) 50.57%
Vanguard Long-Term Treasury Index ETF (VGLT) 29.56%
HORIZONS 0-3 MONTH US T-BILL ETF 19.69%
CASH 0.53%
CANADIAN DOLLAR 0.03%

Holdings are subject to change. Download full prior business day: Holdings