HBKD
Investment Objective
HBKD 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 Solactive Equal Weight Canada Banks Index (the “Underlying Index”). HBKD does not seek to achieve its stated investment objective over a period of time greater than one day.
HBKD uses leverage and is riskier than funds that do not.
HBKD is very different from most exchange-traded funds, and is permitted to use strategies generally prohibited by conventional mutual funds. While such strategies will only be used in accordance with the investment objective and strategy of the ETF, during certain market conditions, they may accelerate the risk that an investment in the shares of the ETF decreases in value.
HBKD, before fees and expenses, does not and should not be expected to return two-times the inverse (i.e., -200%) of the return of its Underlying Index over any period of time greater than one day.
The returns of HBKD over periods longer than one day will not be expected, under most market conditions, to be two-times the opposite direction from the performance of its Underlying Index for the same period. Furthermore, the deviation of returns of HBKD from the two-times inverse performance of its Underlying Index can be expected to become more pronounced as the volatility of HBKD’s Underlying Index, and/or the period of time, increases.
Investors should read the prospectus to understand the risks, and monitor their investments in the ETF at least daily.
Fund Details
Ticker
HBKD
Inception Date
September 12, 2022
Net Assets ?
$4,648,126
As at April 24, 2024
Consolidated Prior Day Volume ?
30
For April 24, 2024
Average Daily Trading Volume Over a 12 Month Period ?
613
As at April 24, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCBEW
Management Fee
1.15%
Plus applicable sales taxes
Management Expense Ratio ?
1.84%
As at June 30, 2023
Currency
CAD
Currency Hedging
N/A
LEI ?
54930044TBMRSK66ZD28
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 Equal Weight Canadian Bank -2x Daily Bear ETF | -10.08 | -8.55 | -27.86 | -8.55 | -19.75 | -- | -- | -- | -11.94 |
**Fund performance since inception on September 12, 2022, as at March 31, 2024
Calendar Year Performance (%) *
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
|
BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF |
-- | -- | -- | -- | -- | -- | -- | -14.50 |
Distributions
Distribution data is not currently available.
Education
Regulatory and Legal
At a Glance
Investment Objective
HBKD 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 Solactive Equal Weight Canada Banks Index (the “Underlying Index”). HBKD does not seek to achieve its stated investment objective over a period of time greater than one day.
HBKD uses leverage and is riskier than funds that do not.
HBKD is very different from most exchange-traded funds, and is permitted to use strategies generally prohibited by conventional mutual funds. While such strategies will only be used in accordance with the investment objective and strategy of the ETF, during certain market conditions, they may accelerate the risk that an investment in the shares of the ETF decreases in value.
HBKD, before fees and expenses, does not and should not be expected to return two-times the inverse (i.e., -200%) of the return of its Underlying Index over any period of time greater than one day.
The returns of HBKD over periods longer than one day will not be expected, under most market conditions, to be two-times the opposite direction from the performance of its Underlying Index for the same period. Furthermore, the deviation of returns of HBKD from the two-times inverse performance of its Underlying Index can be expected to become more pronounced as the volatility of HBKD’s Underlying Index, and/or the period of time, increases.
Investors should read the prospectus to understand the risks, and monitor their investments in the ETF at least daily.
Product Facts
Fund Details
Ticker
HBKD
Inception Date
September 12, 2022
Net Assets ?
$4,648,126
As at April 24, 2024
Consolidated Prior Day Volume ?
30
ForApril 24, 2024
Average Daily Trading Volume Over a 12 Month Period ?
613
As at April 24, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCBEW
Management Fee
1.15%
Plus applicable sales taxes
Management Expense Ratio ?
1.84%
As at June 30, 2023
Currency
CAD
Currency Hedging
N/A
LEI ?
54930044TBMRSK66ZD28
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 Equal Weight Canadian Bank -2x Daily Bear ETF | -10.08 | -8.55 | -27.86 | -8.55 | -19.75 | -- | -- | -- | -11.94 |
**Fund performance since inception on September 12, 2022, as at March 31, 2024
Calendar Year Performance (%)
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF | -- | -- | -- | -- | -- | -- | -- | -14.50 |
Distributions
Distribution data is not currently available.
Holdings
Documents
