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An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.58
$-0.10
-0.46%
NAV
$21.5751
$-0.1043
-0.48%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

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

Price
$27.09
$-0.02
-0.07%
NAV
$27.0814
$-0.0031
-0.01%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.07
$0.01
0.02%
NAV
$50.0675
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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Premium Yield ETFs

Navigate the Fixed Income Yield Curve with Choice and Options

Stay Ahead of the Curve: Targeted Duration, More Yield

Horizons Short-Term U.S. Treasury Premium Yield ETF (SPAY)
Horizons Mid-Term U.S. Treasury Premium Yield ETF (MPAY)
Horizons Long-Term U.S. Treasury Premium Yield ETF (LPAY)
 
The Horizons ETFs Premium Yield Suite (“Premium Yield ETFs“) of ETFs features Short-Term, Mid-Term and Long-Term U.S Treasury Bill and Treasury Bond exposure options. They are designed to help investors maximize their monthly income potential above what is typically offered by U.S. Treasury Securities combined with the strength and security of U.S. government bonds.

Understand how Premium Yield ETFs work and their benefits

The Premium Yield Suite – At a Glance

How Horizons' Suite of Premium Yield ETFs can help investors:

Recession Hedge

U.S. Treasury securities may benefit from “flight to safety” trade, potentially outperforming in equity bear markets

Targeted Duration

Rules-based security selection and rebalancing aims to maintain a consistent level of interest-rate risk

Active Option Program

May reduce downside risk and improve income earning potential by adjusting put and call coverage based on market conditions

SPAY / SPAY.U MPAY / MPAY.U LPAY / LPAY.U
Product Name Horizons Short-Term U.S. Treasury Premium Yield ETF Horizons Mid-Term U.S. Treasury Premium Yield ETF Horizons Long-Term U.S. Treasury Premium Yield ETF
Target Duration Less than 3 Years 5-10 Years 10+ Years
Risk Rating Low Low Low to Medium
Average Credit Quality AA+ AA+ AA+
Distribution Frequency* Monthly Monthly Monthly
Management Fee** 0.35% 0.40% 0.45%
U.S. Treasury Exposure Short-Term Mid-Term Long Term
*It is anticipated that the Premium Yield ETFs will make distributions to their Unitholders on a monthly basis in U.S. Dollars. However, unless the Unitholder is participating in the Reinvestment Plan, such distributions from the Premium Yield ETFs to Unitholders of Canadian Doller Units will typically be converted to Canadian dollars by the Unitholder’s account holder
** Plus applicable sales tax