SPAY.U
U.S. Treasuries, now with More Income
Investment Objective: SPAY.U seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, generally targeting a duration less than 3 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, SPAY.U will employ a dynamic option program.
Fund Details
Ticker
SPAY.U
Inception Date
October 04, 2023
Net Assets ?
$18,571,283
As at December 04, 2023
Consolidated Prior Day Volume ?
400
For December 04, 2023
Average Daily Trading Volume Over a 12 Month Period ?
1,166
As at December 04, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.35%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
USD
Currency Hedging
No
LEI ?
894500DNHGEDNBRL3G09
Initial Percent Written
20.00%
As at October 4, 2023
Weighted Average Duration ?
1.76
As at October 4, 2023
Average Credit Quality ?
AA+
As at October 4, 2023
Weighted Average Yield to Maturity ?
5.37
As at October 4, 2023
Weighted Average Term to Maturity
2.73
As at October 4, 2023
Distribution Metrics
Most Recent Distributions Per Unit
$0.12500
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
November 30, 2023
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 |
|---|---|---|---|---|---|---|
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.125 | — | Monthly |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.125 | — | Monthly |
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 December 04, 2023| Security Name | Weight |
|---|---|
| HORIZONS 0-3 MONTH US T-BILL ETF | 89.23% |
| iShares 20 Plus Year Treasury Bond ETF (TLT) | 10.59% |
| CASH | 0.44% |
| CANADIAN DOLLAR | 0.07% |
Holdings are subject to change. Download full prior business day: Holdings
At a Glance
U.S. Treasuries, now with More Income
Investment Objective: SPAY.U seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, generally targeting a duration less than 3 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, SPAY.U will employ a dynamic option program.
Product Facts
Fund Details
Ticker
SPAY.U
Inception Date
October 04, 2023
Net Assets ?
$18,571,283
As at December 04, 2023
Consolidated Prior Day Volume ?
400
ForDecember 04, 2023
Average Daily Trading Volume Over a 12 Month Period ?
1,166
As at December 04, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.35%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
USD
Currency Hedging
No
LEI ?
894500DNHGEDNBRL3G09
Initial Percent Written
20.00%
As at October 4, 2023
Weighted Average Duration ?
1.76
As at October 4, 2023
Average Credit Quality ?
AA+
As at October 4, 2023
Weighted Average Yield to Maturity ?
5.37
As at October 4, 2023
Weighted Average Term to Maturity
2.73
As at October 4, 2023
Distribution Metrics
As at December 04, 2023
Most Recent Distributions Per Unit
0.125
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
November 30, 2023
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 |
|---|---|---|---|---|---|---|
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.125 | Monthly | |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.125 | Monthly |
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 December 04, 2023| Security Name | Weight |
|---|---|
| HORIZONS 0-3 MONTH US T-BILL ETF | 89.23% |
| iShares 20 Plus Year Treasury Bond ETF (TLT) | 10.59% |
| CASH | 0.44% |
| CANADIAN DOLLAR | 0.07% |
Holdings are subject to change. Download full prior business day: Holdings
