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Horizons Cash Maximizer ETF

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Horizons NASDAQ-100 Covered Call ETF

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Horizons Seasonal Rotation ETF

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USCC

Horizons US Large Cap Equity Covered Call ETF

Generate Monthly Income From the United States’ Largest Companies

Horizons US Cap Equity Covered Call ETF (USCC) is a covered call ETF that gives investors exposure to a portfolio of the largest and most liquid U.S.-listed equity market stocks and then uses a covered call strategy to generate additional income on the portfolio.

Key Features

• Direct exposure to the performance of the large-cap market segment of the U.S. equity market
• Uses a dynamic call writing approach, which seeks to generate income and reduce downside risk.
• Options are written out-of-the-money to preserve more of the potential growth of the underlying stocks
• Call premiums are taxed as capital gains

Investment Objective

USCC seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC will employ a dynamic covered call option writing program.

Effective June 24, 2022, the investment objectives of the Horizons US Large Cap Equity Covered Call ETF (“USCC”) (formerly Horizons Enhanced Income Equity ETF (“HEA”)) were changed following receipt of the required unitholder and regulatory approvals. The ETF traded under its new fund name and ticker symbol on June 27, 2022. For more information, please refer to the disclosure documents of USCC on www.HorizonsETFs.com.

Fund Details

Ticker
USCC
Inception Date
January 15, 2014
Net Assets ?
$32,331,450
As at August 12, 2022
Consolidated Prior Day Volume ?
1,303
For August 12, 2022
Average Daily Trading Volume Over a 12 Month Period ?
2,257
As at August 12, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.65%
(Plus applicable sales tax)
Management Expense Ratio ?
0.84%
As at December 31, 2021
Currency
CAD
Currency Hedging
No
LEI ?
549300GWB73M3TT1WP12
Most Recent Distributions Per Unit
0.11539
Estimated Annualized Yield ?
10.47%
12-Month Trailing Yield ?
7.26%
Distribution Frequency
Monthly
Record Date
July 29, 2022
NAV / Unit
$17.6548
Price
$17.65
Premium Discount
$0.00
Premium Discount Percentage
-0.03%
Outstanding Shares
2,338,683

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 US Large Cap Equity Covered Call ETF 7.64 0.10 -6.97 -8.50 -2.99 9.73 10.21 -- 10.35

**Fund performance since inception on January 15, 2014, as at July 31, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons US Large Cap Equity Covered Call ETF

-- 18.00 7.02 9.00 2.25 15.86 11.40 23.83

Effective June 24, 2022, the investment objectives of the Horizons US Large Cap Equity Covered Call ETF (“USCC”), (formerly Horizons Enhanced Income US Equity (USD) ETF (“HEA”)) was changed to seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC will employ a dynamic covered call option writing program. For more information, please refer to the disclosure documents of USCC on www.HorizonsETFs.com.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 07/28/2022 07/29/2022 08/11/2022 0.11539 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.08051 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.08686 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.09029 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.08922 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.09119 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.08384 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.07859 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.06907 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.06798 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.06174 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.06256 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.06393 Monthly
2019 06/27/2019 06/28/2019 07/11/2019 0.0496 Monthly
2019 03/28/2019 03/29/2019 04/10/2019 0.0572 Monthly
2018 12/28/2018 12/31/2018 01/11/2019 0.0649 0.1764 Annual

Sector Allocation

As at July 31, 2022
Technology 30.37%
Healthcare 13.97%
Financial Services 12.18%
Consumer Services 10.44%
Consumer Goods 9.32%
Industrial Goods 5.24%
Energy 4.57%
Industrial Services 3.71%
Real Estate 3.23%
Telecommunications 3.18%
Utilities 2.77%
Cash and Cash Equivalent 1.83%
Basic Materials 1.71%
Other -2.54%

Top 10 Holdings

As at July 31, 2022
Security Name Weight
HORIZONS US LARGE CAP INDEX ETF 101.81%
S&P 500 INDEX 3895 07/29/22 -1.02%
S&P 500 INDEX 3945 08/19/22 -1.34%
At a Glance

Generate Monthly Income From the United States’ Largest Companies

Horizons US Cap Equity Covered Call ETF (USCC) is a covered call ETF that gives investors exposure to a portfolio of the largest and most liquid U.S.-listed equity market stocks and then uses a covered call strategy to generate additional income on the portfolio.

Key Features

• Direct exposure to the performance of the large-cap market segment of the U.S. equity market
• Uses a dynamic call writing approach, which seeks to generate income and reduce downside risk.
• Options are written out-of-the-money to preserve more of the potential growth of the underlying stocks
• Call premiums are taxed as capital gains

Product Facts

Investment Objective

USCC seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC will employ a dynamic covered call option writing program.

Effective June 24, 2022, the investment objectives of the Horizons US Large Cap Equity Covered Call ETF (“USCC”) (formerly Horizons Enhanced Income Equity ETF (“HEA”)) were changed following receipt of the required unitholder and regulatory approvals. The ETF traded under its new fund name and ticker symbol on June 27, 2022. For more information, please refer to the disclosure documents of USCC on www.HorizonsETFs.com.

Fund Details

Ticker
USCC
Inception Date
January 15, 2014
Net Assets ?
$32,331,450
As at August 12, 2022
Consolidated Prior Day Volume ?
1,303
For August 12, 2022
Average Daily Trading Volume Over a 12 Month Period ?
2,257
As at August 12, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.65%
(Plus applicable sales tax)
Management Expense Ratio ?
0.84%
 As at December 31, 2021
Currency
CAD
Currency Hedging
No
LEI ?
549300GWB73M3TT1WP12
Most Recent Distributions Per Unit
0.11539
Estimated Annualized Yield ?
10.47%
12-Month Trailing Yield ?
7.26%
Distribution Frequency
Monthly
Record Date
July 29, 2022
NAV / Unit
$17.6548
Price
$17.65
Premium Discount
$0.00
Premium Discount Percentage
-0.03%
Outstanding Shares
2,338,683

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 US Large Cap Equity Covered Call ETF 7.64 0.10 -6.97 -8.50 -2.99 9.73 10.21 -- 10.35

**Fund performance since inception on January 15, 2014, as at July 31, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons US Large Cap Equity Covered Call ETF -- 18.00 7.02 9.00 2.25 15.86 11.40 23.83

Effective June 24, 2022, the investment objectives of the Horizons US Large Cap Equity Covered Call ETF (“USCC”), (formerly Horizons Enhanced Income US Equity (USD) ETF (“HEA”)) was changed to seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC will employ a dynamic covered call option writing program. For more information, please refer to the disclosure documents of USCC on www.HorizonsETFs.com.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 07/28/2022 07/29/2022 08/11/2022 0.11539 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.08051 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.08686 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.09029 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.08922 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.09119 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.08384 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.07859 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.06907 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.06798 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.06174 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.06256 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.06393 Monthly
2019 06/27/2019 06/28/2019 07/11/2019 0.0496 Monthly
2019 03/28/2019 03/29/2019 04/10/2019 0.0572 Monthly
2018 12/28/2018 12/31/2018 01/11/2019 0.0649 0.1764 Annual
Holdings

Sector Allocation

As at July 31, 2022
Technology 30.37%
Healthcare 13.97%
Financial Services 12.18%
Consumer Services 10.44%
Consumer Goods 9.32%
Industrial Goods 5.24%
Energy 4.57%
Industrial Services 3.71%
Real Estate 3.23%
Telecommunications 3.18%
Utilities 2.77%
Cash and Cash Equivalent 1.83%
Basic Materials 1.71%
Other -2.54%

Top 10 Holdings

As at July 31, 2022
Security Name Weight
HORIZONS US LARGE CAP INDEX ETF 101.81%
S&P 500 INDEX 3895 07/29/22 -1.02%
S&P 500 INDEX 3945 08/19/22 -1.34%

Related Posts

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