HSD
Investment Objective
HSD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500®. HSD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability.
The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% or – 200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
Fund Details
Ticker
HSD
Inception Date
June 17, 2008
Net Assets ?
$61,588,139
As at April 17, 2024
Consolidated Prior Day Volume ?
983 171
For April 17, 2024
Average Daily Trading Volume Over a 12 Month Period ?
627,544
As at April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
SPXT
Management Fee
1.15%
(Plus applicable sales tax)
Management Expense Ratio ?
1.50%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300EQ44VK30WRHZ03
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** | |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® -2x Daily Bear ETF | -5.30 | -16.04 | -31.03 | -16.04 | -34.60 | -20.97 | -30.46 | -26.53 | -26.72 |
**Fund performance since inception on June 17, 2008, as at March 31, 2024
Calendar Year Performance (%) *
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
|
BetaPro S&P 500® -2x Daily Bear ETF |
-24.24 | -33.21 | 3.92 | -42.27 | -49.26 | -43.33 | 32.43 | -31.90 |
The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.
Distributions
Distribution data is not currently available.
Sector Allocation
As at March 28, 2024| Semiconductors | 9.28% |
| Systems Software | 8.23% |
| Interactive Media & Services | 6.17% |
| Technology Hardware, Storage & Peripherals | 6.01% |
| Pharmaceuticals | 3.87% |
| Broadline Retail | 3.82% |
| Diversified Banks | 3.06% |
| Transaction & Payment Processing Services | 2.54% |
| Application Software | 2.47% |
| Health Care Equipment | 2.46% |
| Aerospace & Defense | 1.93% |
| Biotechnology | 1.93% |
| Integrated Oil & Gas | 1.76% |
| Multi-Sector Holdings | 1.74% |
| Consumer Staples Merchandise Retail | 1.65% |
| Managed Health Care | 1.56% |
| Electric Utilities | 1.48% |
| Life Sciences Tools & Services | 1.41% |
| Automobile Manufacturers | 1.34% |
| Soft Drinks & Non-alcoholic Beverages | 1.26% |
| Household Products | 1.23% |
| Home Improvement Retail | 1.20% |
| Movies & Entertainment | 1.18% |
| IT Consulting & Other Services | 1.09% |
| Financial Exchanges & Data | 1.06% |
| Restaurants | 1.05% |
| Oil & Gas Exploration & Production | 1.04% |
| Property & Casualty Insurance | 1.00% |
| Semiconductor Materials & Equipment | 0.97% |
| Hotels, Resorts & Cruise Lines | 0.89% |
| Industrial Machinery & Supplies & Components | 0.88% |
| Investment Banking & Brokerage | 0.88% |
| Asset Management & Custody Banks | 0.87% |
| Communications Equipment | 0.81% |
| Construction Machinery & Heavy Transportation Equipment | 0.72% |
| Integrated Telecommunication Services | 0.69% |
| Packaged Foods & Meats | 0.69% |
| Electrical Components & Equipment | 0.67% |
| Rail Transportation | 0.64% |
| Industrial Gases | 0.63% |
| Specialty Chemicals | 0.62% |
| Insurance Brokers | 0.62% |
| Multi-Utilities | 0.61% |
| Health Care Services | 0.56% |
| Consumer Finance | 0.54% |
| Building Products | 0.52% |
| Tobacco | 0.50% |
| Air Freight & Logistics | 0.46% |
| Oil & Gas Refining & Marketing | 0.46% |
| Cable & Satellite | 0.45% |
| Industrial Conglomerates | 0.44% |
| Human Resource & Employment Services | 0.39% |
| Apparel Retail | 0.37% |
| Telecom Tower REITs | 0.37% |
| Life & Health Insurance | 0.37% |
| Passenger Ground Transportation | 0.36% |
| Oil & Gas Storage & Transportation | 0.35% |
| Health Care Distributors | 0.34% |
| Environmental & Facilities Services | 0.34% |
| Oil & Gas Equipment & Services | 0.33% |
| Homebuilding | 0.32% |
| Automotive Retail | 0.31% |
| Footwear | 0.31% |
| Trading Companies & Distributors | 0.31% |
| Regional Banks | 0.30% |
| Retail REITs | 0.29% |
| Industrial REITs | 0.27% |
| Data Center REITs | 0.27% |
| Diversified Support Services | 0.25% |
| Agricultural & Farm Machinery | 0.24% |
| Research & Consulting Services | 0.24% |
| Multi-Family Residential REITs | 0.23% |
| Electronic Components | 0.21% |
| Wireless Telecommunication Services | 0.19% |
| Health Care REITs | 0.19% |
| Electronic Equipment & Instruments | 0.18% |
| Health Care Facilities | 0.18% |
| Self-Storage REITs | 0.17% |
| Passenger Airlines | 0.17% |
| Paper & Plastic Packaging Products & Materials | 0.17% |
| Construction Materials | 0.17% |
| Fertilizers & Agricultural Chemicals | 0.17% |
| Personal Care Products | 0.17% |
| Real Estate Services | 0.16% |
| Steel | 0.16% |
| Apparel, Accessories & Luxury Goods | 0.15% |
| Commodity Chemicals | 0.15% |
| Copper | 0.15% |
| Other Specialty Retail | 0.15% |
| Multi-line Insurance | 0.15% |
| Electronic Manufacturing Services | 0.14% |
| Interactive Home Entertainment | 0.13% |
| Cargo Ground Transportation | 0.13% |
| Distributors | 0.12% |
| Distillers & Vintners | 0.12% |
| Other Specialized REITs | 0.12% |
| Casinos & Gaming | 0.12% |
| Agricultural Products & Services | 0.11% |
| Health Care Supplies | 0.11% |
| Construction & Engineering | 0.09% |
| Food Distributors | 0.09% |
| Food Retail | 0.09% |
| Gold | 0.09% |
| Technology Distributors | 0.08% |
| Internet Services & Infrastructure | 0.08% |
| Office REITs | 0.07% |
| Automotive Parts & Equipment | 0.07% |
| Advertising | 0.07% |
| Timber REITs | 0.06% |
| Consumer Electronics | 0.05% |
| Data Processing & Outsourced Services | 0.05% |
| Metal, Glass & Plastic Containers | 0.05% |
| Single-Family Residential REITs | 0.05% |
| Water Utilities | 0.05% |
| Drug Retail | 0.04% |
| Computer & Electronics Retail | 0.04% |
| Reinsurance | 0.04% |
| Broadcasting | 0.04% |
| Gas Utilities | 0.04% |
| Brewers | 0.03% |
| Hotel & Resort REITs | 0.03% |
| Publishing | 0.03% |
| Independent Power Producers & Energy Traders | 0.03% |
| Leisure Products | 0.02% |
| Home Furnishings | 0.02% |
Top 10 Index Holdings
As at March 31, 2024| Security Name | Weight |
|---|---|
| Microsoft Corp | 7.09% |
| Apple Inc | 5.65% |
| NVIDIA Corp | 5.06% |
| Amazon.com Inc | 3.74% |
| Alphabet Inc Cl A | 3.72% |
| Meta Platforms Inc Cl A | 2.42% |
| Berkshire Hathaway Inc Cl A | 1.74% |
| Eli Lilly and Co | 1.41% |
| Broadcom Inc | 1.32% |
| JPMorgan Chase & Co | 1.31% |
Regulatory and Legal
At a Glance
Investment Objective
HSD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500®. HSD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability.
The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% or – 200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
Product Facts
Fund Details
Ticker
HSD
Inception Date
June 17, 2008
Net Assets ?
$61,588,139
As at April 17, 2024
Consolidated Prior Day Volume ?
983 171
ForApril 17, 2024
Average Daily Trading Volume Over a 12 Month Period ?
627,544
As at April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
SPXT
Management Fee
1.15%
(Plus applicable sales tax)
Management Expense Ratio ?
1.50%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300EQ44VK30WRHZ03
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** | |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® -2x Daily Bear ETF | -5.30 | -16.04 | -31.03 | -16.04 | -34.60 | -20.97 | -30.46 | -26.53 | -26.72 |
**Fund performance since inception on June 17, 2008, as at March 31, 2024
Calendar Year Performance (%)
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® -2x Daily Bear ETF | -24.24 | -33.21 | 3.92 | -42.27 | -49.26 | -43.33 | 32.43 | -31.90 |
The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.
Distributions
Distribution data is not currently available.
Holdings
Sector Allocation
As at March 28, 2024| Semiconductors | 9.28% |
| Systems Software | 8.23% |
| Interactive Media & Services | 6.17% |
| Technology Hardware, Storage & Peripherals | 6.01% |
| Pharmaceuticals | 3.87% |
| Broadline Retail | 3.82% |
| Diversified Banks | 3.06% |
| Transaction & Payment Processing Services | 2.54% |
| Application Software | 2.47% |
| Health Care Equipment | 2.46% |
| Aerospace & Defense | 1.93% |
| Biotechnology | 1.93% |
| Integrated Oil & Gas | 1.76% |
| Multi-Sector Holdings | 1.74% |
| Consumer Staples Merchandise Retail | 1.65% |
| Managed Health Care | 1.56% |
| Electric Utilities | 1.48% |
| Life Sciences Tools & Services | 1.41% |
| Automobile Manufacturers | 1.34% |
| Soft Drinks & Non-alcoholic Beverages | 1.26% |
| Household Products | 1.23% |
| Home Improvement Retail | 1.20% |
| Movies & Entertainment | 1.18% |
| IT Consulting & Other Services | 1.09% |
| Financial Exchanges & Data | 1.06% |
| Restaurants | 1.05% |
| Oil & Gas Exploration & Production | 1.04% |
| Property & Casualty Insurance | 1.00% |
| Semiconductor Materials & Equipment | 0.97% |
| Hotels, Resorts & Cruise Lines | 0.89% |
| Industrial Machinery & Supplies & Components | 0.88% |
| Investment Banking & Brokerage | 0.88% |
| Asset Management & Custody Banks | 0.87% |
| Communications Equipment | 0.81% |
| Construction Machinery & Heavy Transportation Equipment | 0.72% |
| Integrated Telecommunication Services | 0.69% |
| Packaged Foods & Meats | 0.69% |
| Electrical Components & Equipment | 0.67% |
| Rail Transportation | 0.64% |
| Industrial Gases | 0.63% |
| Specialty Chemicals | 0.62% |
| Insurance Brokers | 0.62% |
| Multi-Utilities | 0.61% |
| Health Care Services | 0.56% |
| Consumer Finance | 0.54% |
| Building Products | 0.52% |
| Tobacco | 0.50% |
| Air Freight & Logistics | 0.46% |
| Oil & Gas Refining & Marketing | 0.46% |
| Cable & Satellite | 0.45% |
| Industrial Conglomerates | 0.44% |
| Human Resource & Employment Services | 0.39% |
| Apparel Retail | 0.37% |
| Telecom Tower REITs | 0.37% |
| Life & Health Insurance | 0.37% |
| Passenger Ground Transportation | 0.36% |
| Oil & Gas Storage & Transportation | 0.35% |
| Health Care Distributors | 0.34% |
| Environmental & Facilities Services | 0.34% |
| Oil & Gas Equipment & Services | 0.33% |
| Homebuilding | 0.32% |
| Automotive Retail | 0.31% |
| Footwear | 0.31% |
| Trading Companies & Distributors | 0.31% |
| Regional Banks | 0.30% |
| Retail REITs | 0.29% |
| Industrial REITs | 0.27% |
| Data Center REITs | 0.27% |
| Diversified Support Services | 0.25% |
| Agricultural & Farm Machinery | 0.24% |
| Research & Consulting Services | 0.24% |
| Multi-Family Residential REITs | 0.23% |
| Electronic Components | 0.21% |
| Wireless Telecommunication Services | 0.19% |
| Health Care REITs | 0.19% |
| Electronic Equipment & Instruments | 0.18% |
| Health Care Facilities | 0.18% |
| Self-Storage REITs | 0.17% |
| Passenger Airlines | 0.17% |
| Paper & Plastic Packaging Products & Materials | 0.17% |
| Construction Materials | 0.17% |
| Fertilizers & Agricultural Chemicals | 0.17% |
| Personal Care Products | 0.17% |
| Real Estate Services | 0.16% |
| Steel | 0.16% |
| Apparel, Accessories & Luxury Goods | 0.15% |
| Commodity Chemicals | 0.15% |
| Copper | 0.15% |
| Other Specialty Retail | 0.15% |
| Multi-line Insurance | 0.15% |
| Electronic Manufacturing Services | 0.14% |
| Interactive Home Entertainment | 0.13% |
| Cargo Ground Transportation | 0.13% |
| Distributors | 0.12% |
| Distillers & Vintners | 0.12% |
| Other Specialized REITs | 0.12% |
| Casinos & Gaming | 0.12% |
| Agricultural Products & Services | 0.11% |
| Health Care Supplies | 0.11% |
| Construction & Engineering | 0.09% |
| Food Distributors | 0.09% |
| Food Retail | 0.09% |
| Gold | 0.09% |
| Technology Distributors | 0.08% |
| Internet Services & Infrastructure | 0.08% |
| Office REITs | 0.07% |
| Automotive Parts & Equipment | 0.07% |
| Advertising | 0.07% |
| Timber REITs | 0.06% |
| Consumer Electronics | 0.05% |
| Data Processing & Outsourced Services | 0.05% |
| Metal, Glass & Plastic Containers | 0.05% |
| Single-Family Residential REITs | 0.05% |
| Water Utilities | 0.05% |
| Drug Retail | 0.04% |
| Computer & Electronics Retail | 0.04% |
| Reinsurance | 0.04% |
| Broadcasting | 0.04% |
| Gas Utilities | 0.04% |
| Brewers | 0.03% |
| Hotel & Resort REITs | 0.03% |
| Publishing | 0.03% |
| Independent Power Producers & Energy Traders | 0.03% |
| Leisure Products | 0.02% |
| Home Furnishings | 0.02% |
Top 10 Index Holdings
As at March 31, 2024| Security Name | Weight |
|---|---|
| Microsoft Corp | 7.09% |
| Apple Inc | 5.65% |
| NVIDIA Corp | 5.06% |
| Amazon.com Inc | 3.74% |
| Alphabet Inc Cl A | 3.72% |
| Meta Platforms Inc Cl A | 2.42% |
| Berkshire Hathaway Inc Cl A | 1.74% |
| Eli Lilly and Co | 1.41% |
| Broadcom Inc | 1.32% |
| JPMorgan Chase & Co | 1.31% |
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