HIU
Investment Objective
HIU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times (100%) the inverse (opposite) of the daily performance of the S&P 500®. 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 its ability.
The returns of this ETF over periods longer than one day will, under most market conditions, be in the opposite direction from the performance of its Underlying Index for the same period, and the returns of an Inverse ETF can, based on historical returns, generally be expected to be substantially similar to the inverse performance of their Underlying Index for the same period. However, any deviation of returns of an Inverse ETF from the inverse performance of its Underlying Index can be expected to become more pronounced as the volatility of the Underlying Index, and/or the period of time, increases. Investors should monitor their investment in the ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
Fund Details
Ticker
HIU
Inception Date
February 03, 2010
Net Assets ?
$24,204,956
As at April 18, 2024
Consolidated Prior Day Volume ?
28 123
For April 18, 2024
Average Daily Trading Volume Over a 12 Month Period ?
55,493
As at April 18, 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 ?
1.57%
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 ?
549300QN45KTTDFEV668
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® Daily Inverse ETF | -2.53 | -7.86 | -15.99 | -7.86 | -17.31 | -9.19 | -14.45 | -12.94 | -13.95 |
**Fund performance since inception on February 03, 2010, as at March 31, 2024
Calendar Year Performance (%) *
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
|
BetaPro S&P 500® Daily Inverse ETF |
-12.60 | -18.49 | 3.44 | -23.31 | -24.65 | -24.45 | 18.88 | -15.50 |
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% |
| Packaged Foods & Meats | 0.69% |
| Integrated Telecommunication Services | 0.69% |
| Electrical Components & Equipment | 0.67% |
| Rail Transportation | 0.64% |
| Industrial Gases | 0.63% |
| Insurance Brokers | 0.62% |
| Specialty Chemicals | 0.62% |
| Multi-Utilities | 0.61% |
| Health Care Services | 0.56% |
| Consumer Finance | 0.54% |
| Building Products | 0.52% |
| Tobacco | 0.50% |
| Oil & Gas Refining & Marketing | 0.46% |
| Air Freight & Logistics | 0.46% |
| Cable & Satellite | 0.45% |
| Industrial Conglomerates | 0.44% |
| Human Resource & Employment Services | 0.39% |
| Life & Health Insurance | 0.37% |
| Apparel Retail | 0.37% |
| Telecom Tower REITs | 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% |
| Trading Companies & Distributors | 0.31% |
| Footwear | 0.31% |
| Automotive Retail | 0.31% |
| Regional Banks | 0.30% |
| Retail REITs | 0.29% |
| Industrial REITs | 0.27% |
| Data Center REITs | 0.27% |
| Diversified Support Services | 0.25% |
| Research & Consulting Services | 0.24% |
| Agricultural & Farm Machinery | 0.24% |
| Multi-Family Residential REITs | 0.23% |
| Electronic Components | 0.21% |
| Health Care REITs | 0.19% |
| Wireless Telecommunication Services | 0.19% |
| Health Care Facilities | 0.18% |
| Electronic Equipment & Instruments | 0.18% |
| Passenger Airlines | 0.17% |
| Personal Care Products | 0.17% |
| Paper & Plastic Packaging Products & Materials | 0.17% |
| Construction Materials | 0.17% |
| Fertilizers & Agricultural Chemicals | 0.17% |
| Self-Storage REITs | 0.17% |
| Steel | 0.16% |
| Real Estate Services | 0.16% |
| Apparel, Accessories & Luxury Goods | 0.15% |
| Other Specialty Retail | 0.15% |
| Copper | 0.15% |
| Multi-line Insurance | 0.15% |
| Commodity Chemicals | 0.15% |
| Electronic Manufacturing Services | 0.14% |
| Cargo Ground Transportation | 0.13% |
| Interactive Home Entertainment | 0.13% |
| Distillers & Vintners | 0.12% |
| Distributors | 0.12% |
| Other Specialized REITs | 0.12% |
| Casinos & Gaming | 0.12% |
| Agricultural Products & Services | 0.11% |
| Health Care Supplies | 0.11% |
| Food Retail | 0.09% |
| Food Distributors | 0.09% |
| Gold | 0.09% |
| Construction & Engineering | 0.09% |
| Internet Services & Infrastructure | 0.08% |
| Technology Distributors | 0.08% |
| Automotive Parts & Equipment | 0.07% |
| Office REITs | 0.07% |
| Advertising | 0.07% |
| Timber REITs | 0.06% |
| Metal, Glass & Plastic Containers | 0.05% |
| Single-Family Residential REITs | 0.05% |
| Consumer Electronics | 0.05% |
| Water Utilities | 0.05% |
| Data Processing & Outsourced Services | 0.05% |
| Drug Retail | 0.04% |
| Gas Utilities | 0.04% |
| Broadcasting | 0.04% |
| Reinsurance | 0.04% |
| Computer & Electronics Retail | 0.04% |
| Publishing | 0.03% |
| Brewers | 0.03% |
| Hotel & Resort REITs | 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
HIU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times (100%) the inverse (opposite) of the daily performance of the S&P 500®. 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 its ability.
The returns of this ETF over periods longer than one day will, under most market conditions, be in the opposite direction from the performance of its Underlying Index for the same period, and the returns of an Inverse ETF can, based on historical returns, generally be expected to be substantially similar to the inverse performance of their Underlying Index for the same period. However, any deviation of returns of an Inverse ETF from the inverse performance of its Underlying Index can be expected to become more pronounced as the volatility of the Underlying Index, and/or the period of time, increases. Investors should monitor their investment in the ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
Product Facts
Fund Details
Ticker
HIU
Inception Date
February 03, 2010
Net Assets ?
$24,204,956
As at April 18, 2024
Consolidated Prior Day Volume ?
28 123
ForApril 18, 2024
Average Daily Trading Volume Over a 12 Month Period ?
55,493
As at April 18, 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 ?
1.57%
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 ?
549300QN45KTTDFEV668
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® Daily Inverse ETF | -2.53 | -7.86 | -15.99 | -7.86 | -17.31 | -9.19 | -14.45 | -12.94 | -13.95 |
**Fund performance since inception on February 03, 2010, as at March 31, 2024
Calendar Year Performance (%)
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| BetaPro S&P 500® Daily Inverse ETF | -12.60 | -18.49 | 3.44 | -23.31 | -24.65 | -24.45 | 18.88 | -15.50 |
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% |
| Packaged Foods & Meats | 0.69% |
| Integrated Telecommunication Services | 0.69% |
| Electrical Components & Equipment | 0.67% |
| Rail Transportation | 0.64% |
| Industrial Gases | 0.63% |
| Insurance Brokers | 0.62% |
| Specialty Chemicals | 0.62% |
| Multi-Utilities | 0.61% |
| Health Care Services | 0.56% |
| Consumer Finance | 0.54% |
| Building Products | 0.52% |
| Tobacco | 0.50% |
| Oil & Gas Refining & Marketing | 0.46% |
| Air Freight & Logistics | 0.46% |
| Cable & Satellite | 0.45% |
| Industrial Conglomerates | 0.44% |
| Human Resource & Employment Services | 0.39% |
| Life & Health Insurance | 0.37% |
| Apparel Retail | 0.37% |
| Telecom Tower REITs | 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% |
| Trading Companies & Distributors | 0.31% |
| Footwear | 0.31% |
| Automotive Retail | 0.31% |
| Regional Banks | 0.30% |
| Retail REITs | 0.29% |
| Industrial REITs | 0.27% |
| Data Center REITs | 0.27% |
| Diversified Support Services | 0.25% |
| Research & Consulting Services | 0.24% |
| Agricultural & Farm Machinery | 0.24% |
| Multi-Family Residential REITs | 0.23% |
| Electronic Components | 0.21% |
| Health Care REITs | 0.19% |
| Wireless Telecommunication Services | 0.19% |
| Health Care Facilities | 0.18% |
| Electronic Equipment & Instruments | 0.18% |
| Passenger Airlines | 0.17% |
| Personal Care Products | 0.17% |
| Paper & Plastic Packaging Products & Materials | 0.17% |
| Construction Materials | 0.17% |
| Fertilizers & Agricultural Chemicals | 0.17% |
| Self-Storage REITs | 0.17% |
| Steel | 0.16% |
| Real Estate Services | 0.16% |
| Apparel, Accessories & Luxury Goods | 0.15% |
| Other Specialty Retail | 0.15% |
| Copper | 0.15% |
| Multi-line Insurance | 0.15% |
| Commodity Chemicals | 0.15% |
| Electronic Manufacturing Services | 0.14% |
| Cargo Ground Transportation | 0.13% |
| Interactive Home Entertainment | 0.13% |
| Distillers & Vintners | 0.12% |
| Distributors | 0.12% |
| Other Specialized REITs | 0.12% |
| Casinos & Gaming | 0.12% |
| Agricultural Products & Services | 0.11% |
| Health Care Supplies | 0.11% |
| Food Retail | 0.09% |
| Food Distributors | 0.09% |
| Gold | 0.09% |
| Construction & Engineering | 0.09% |
| Internet Services & Infrastructure | 0.08% |
| Technology Distributors | 0.08% |
| Automotive Parts & Equipment | 0.07% |
| Office REITs | 0.07% |
| Advertising | 0.07% |
| Timber REITs | 0.06% |
| Metal, Glass & Plastic Containers | 0.05% |
| Single-Family Residential REITs | 0.05% |
| Consumer Electronics | 0.05% |
| Water Utilities | 0.05% |
| Data Processing & Outsourced Services | 0.05% |
| Drug Retail | 0.04% |
| Gas Utilities | 0.04% |
| Broadcasting | 0.04% |
| Reinsurance | 0.04% |
| Computer & Electronics Retail | 0.04% |
| Publishing | 0.03% |
| Brewers | 0.03% |
| Hotel & Resort REITs | 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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