Trading on the Toronto Stock Exchange (TSX)

Buying and selling units of our ETFs is simple – as simple as buying or selling any stock listed on the TSX. Our ETFs trade and settle just like ordinary stocks throughout the TSX trading day and can be traded using all the techniques applicable to stocks, including market orders, limit orders, stop orders, short sales and margin buying.

Investors outside Canada can buy and sell our ETFs as long as they have access to the TSX through a registered Dealer.

The majority of ETF trading takes place this way – with buyers and sellers interacting directly through an exchange.

Ready to buy:

- Investors can contact their stockbroker or financial advisor
- Trade through their self-directed account or discount broker
As with any listed share, customary brokerage commissions may apply.

Direct from the Manager

Brokers and dealers who have entered into a designated broker and/or underwriter agreement with BetaPro Management Inc. or AlphaPro Management Inc. (the “Managers”), subject to certain conditions outlined in the Prospectus, can subscribe for or redeem a prescribed number of units (PNUs) directly with the Managers.

Creation and Redemption of ETF Units

Investors do not purchase and redeem ETF units directly with the investment manager in the same way as they do with traditional mutual funds. ETFs are designed to minimize portfolio turnover and related transaction costs, and they do this by restricting the direct creation and redemption of units to large investors, typically banks or brokers known as "Authorised Participants", and market makers. These institutions can create and redeem ETF units in line with the daily demand for units, helping the ETFs to trade with maximum liquidity. Brokers, dealers and investors, subject to certain conditions outlined in the Prospectus, can redeem a PNU. Click here for more information.

Distribution Reinvestment Plan Participation (DRIP)

DRIP is an investment strategy whereby investors who participate in the plan reinvest their cash dividends and buy additional units instead of receiving a cash payment. DRIPs are intended for long-term investors. In general, DRIPs are ideal for investors looking to help build their units over time in a more cost-effective manner. Plus, there are no costs to enroll and there are no commissions on any of your purchases.

Download Horizons ETFs DRIP information
Download AlphaPro DRIP information

 

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Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

The Horizons Exchange Traded Products consist of the Horizons Index ETFs ("Index ETFs"), 2x Daily Bull and -2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs"), VIX ETFs (defined below) and active ETFs. The 2x Daily ETFs and certain other Horizons Exchange Traded Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These Horizons Exchange Traded Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the "Target") for a single day. Each Index ETF or Inverse ETF seeks a return that is 100% or -100%, respectively, of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of their respective Target(s) for the same period. The Horizons Exchange Traded Products whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETFs"), one of which is a 2x Daily ETF and one of which is an Index ETF, as described in their prospectus, are speculative investment tools that are not conventional investments. The VIX ETFs' Target is highly volatile. As a result, the VIX ETFs are not generally viewed as stand-alone long-term investments. Historically, the VIX ETFs' Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer term and neither the VIX ETFs nor their Target are expected to have positive long term performance. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.