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CASH

Horizons High Interest Savings ETF

Price
$50.15
$0.01
0.01%
NAV
$50.1444
$0.0072
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$10.63
$-0.09
-0.84%
NAV
$10.6298
$-0.0955
-0.89%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.72
$0.11
0.95%
NAV
$11.6391
$-0.1042
-0.89%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
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USCL

Horizons Enhanced US Large Cap Equity Covered Call ETF

U.S. Large-Cap Exposure

USCL provides exposure to the performance of the large-cap market segment of the U.S. equity market.

The Covered Call Advantage + Leverage

USCL’s Underlying ETF (Horizons US Large Cap Equity Covered Call ETF) uses a dynamic call writing approach, which seeks to generate income and reduce downside risk. USCL employs 1.25x leverage, which can potentially magnify performance, relative to the performance of the Underlying ETF (Horizons US Large Cap Equity Covered Call ETF)

Light Leverage, Big Opportunities

Investment Objective: USCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of the large-cap market segment of the U.S. equity market; and (b) high monthly distributions of dividend and call option income. To generate income, USCL will be exposed to a dynamic covered call option writing program.

USCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies” in the ETFs prospectus) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.

Fund Details

Ticker
USCL
Inception Date
July 05, 2023
Net Assets ?
$19,312,308
As at  September 19, 2023
Consolidated Prior Day Volume ?
35 390
For  September 20, 2023
Average Daily Trading Volume Over a 12 Month Period ?
26,432
As at  September 20, 2023
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 ?
N/A (New ETF)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KCBZOPNIMQN50
Most Recent Distributions Per Unit
$0.23100
Annualized Distribution Yield ?
14.00 %

As at  September 19, 2023

Distribution Frequency
Monthly
Record Date
August 31, 2023
NAV / Unit
$19.6679
Price
$19.65
Premium Discount
$-0.02
Premium Discount Percentage
-0.09%
Outstanding Shares
975,403

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 (%) *

Calendar year performance data is not currently available.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2023 08/30/2023 08/31/2023 09/08/2023 0.231 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.231 Monthly

Top Holdings

As at July 05, 2023
Security Name Weight
Horizons US Large Cap Equity Covered Call ETF (USCC) 124.65%

Horizons Enhanced US Large Cap Equity Covered Call ETF (USCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by USCL and passed on to the investor, where USCL and the investment fund it holds provide the same service.

Click here for holdings of the Horizons US Large Cap Equity Covered Call ETF (USCC) Holdings

At a Glance

Key Features

U.S. Large-Cap Exposure

USCL provides exposure to the performance of the large-cap market segment of the U.S. equity market.

The Covered Call Advantage + Leverage

USCL’s Underlying ETF (Horizons US Large Cap Equity Covered Call ETF) uses a dynamic call writing approach, which seeks to generate income and reduce downside risk. USCL employs 1.25x leverage, which can potentially magnify performance, relative to the performance of the Underlying ETF (Horizons US Large Cap Equity Covered Call ETF)

Light Leverage, Big Opportunities

Investment Objective: USCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of the large-cap market segment of the U.S. equity market; and (b) high monthly distributions of dividend and call option income. To generate income, USCL will be exposed to a dynamic covered call option writing program.

USCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies” in the ETFs prospectus) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.

Product Facts

Fund Details

Ticker
USCL
Inception Date
July 05, 2023
Net Assets ?
$19,312,308
As at  September 19, 2023
Consolidated Prior Day Volume ?
35 390
ForSeptember 20, 2023
Average Daily Trading Volume Over a 12 Month Period ?
26,432
As at  September 20, 2023
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 ?
N/A (New ETF)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KCBZOPNIMQN50
Most Recent Distributions Per Unit
0.231
Annualized Distribution Yield ?
14.00 %

As at  September 19, 2023

Distribution Frequency
Monthly
Record Date
August 31, 2023
NAV / Unit
$19.6679
Price
$19.65
Premium Discount
$-0.02
Premium Discount Percentage
-0.09%
Outstanding Shares
975,403

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 (%)

Calendar year performance data is not currently available.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2023 08/30/2023 08/31/2023 09/08/2023 0.231 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.231 Monthly
Holdings

Top Holdings

As at July 05, 2023
Security Name Weight
Horizons US Large Cap Equity Covered Call ETF (USCC) 124.65%

Horizons Enhanced US Large Cap Equity Covered Call ETF (USCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by USCL and passed on to the investor, where USCL and the investment fund it holds provide the same service.

Click here for holdings of the Horizons US Large Cap Equity Covered Call ETF (USCC) Holdings

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