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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 value changes frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.
*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(s) or future returns on investment in the ETF(s). Only the returns for periods of one year or greater are annualized returns.
The Horizons Exchange Traded Products include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in shares of a BetaPro Product decreases in value.
The BetaPro Products consist of our Daily Bull and Daily Bear ETFs (“Leveraged and Inverse Leveraged ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the Leveraged and Inverse Leveraged ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The Leveraged and Inverse Leveraged ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their respective prospectuses. Each Leveraged and Inverse Leveraged ETF seeks a return, before fees and expenses, that is either up to, or equal to, either 200% or –200% of the performance of a specified underlying index, commodity futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its Target. Due to the compounding of daily returns a Leveraged and Inverse Leveraged ETF’s or Inverse ETF’s returns over periods other than one day will likely differ in amount and, particularly in the case of the Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period. For certain Leveraged and Inverse Leveraged ETFs that seek up to 200% or up to or -200% leveraged exposure, the Manager anticipates, under normal market conditions, managing the leverage ratio as close to two times (200%) as practicable however, the Manager may, at its sole discretion, change the leverage ratio based on its assessment of the current market conditions and negotiations with the respective ETF’s counterparties at that time. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 10.00% and 45.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager publishes on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions.
The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. BetaPro Bitcoin ETF (“HBIT”), and BetaPro Inverse Bitcoin ETF (“BITI”), which are a 1X ETF, and an up to -1X ETF, respectively, as described in the prospectus, are speculative investment tools that are not conventional investments. Their Target, an index which replicates exposure to rolling Bitcoin Futures and not the spot price of Bitcoin, is highly volatile. As a result, neither ETF is intended as a stand-alone investment. There are inherent risks associated with products linked to crypto-assets, including Bitcoin Futures. While Bitcoin Futures are traded on a regulated exchange and cleared by regulated central counterparties, direct or indirect exposure to the high level of risk of Bitcoin Futures will not be suitable for all types of investors. An investment in any of the BetaPro Products is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. Please read the full risk disclosure in the prospectus before investing. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies.
Horizons Total Return Index ETFs (“Horizons TRI ETFs”) are generally index-tracking ETFs that use an innovative investment structure known as a Total Return Swap to deliver index returns in a low-cost and tax-efficient manner. Unlike a physical replication ETF that typically purchases the securities found in the relevant index in the same proportions as the index, most Horizons TRI ETFs use a synthetic structure that never buys the securities of an index directly. Instead, the ETF receives the total return of the index through entering into a Total Return Swap agreement with one or more counterparties, typically large financial institutions, which will provide the ETF with the total return of the index in exchange for the interest earned on the cash held by the ETF. Any distributions which are paid by the index constituents are reflected automatically in the net asset value (NAV) of the ETF. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on the cash deposits that can change over time.
Horizons TRI ETFs include ETFs that use physical replication instead of a total return swap to gain exposure to their benchmark index. These ETFs are a class of shares in a corporate class structure that allows the ETF to deliver its returns in a tax-efficient manner. With this structure, the ETF will receive the total return of the Index (less any withholding tax payable on constituent distributions if applicable), which is reflected in the NAV of the ETF. However, investors are not expected to receive any taxable distributions from these ETFs. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on a cash deposit that can change over time.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products (the “Horizons Exchange Traded Products”) managed by Horizons ETFs Management (Canada) Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
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Let’s get social
2d
On Wednesday, April 5th, at 2:00 PM EDT, join our webinar as we discuss the macroeconomic conditions positively …impacting Covered Call strategies focused on the NASDAQ-100®, Gold Producers, and the Canadian Oil & Gas sector.
3d
Thinking of Income? Think NASDAQ-100 Covered Call ETFs.
The NASDAQ-100® is particularly rich for harvesting …premiums due to its implied volatility. See how Horizons NASDAQ-100 Covered Call ETF ($QQCC – https://horizonsetfs.com/ETF/qqcc/#performance-distributions) can generate income through a covered call strategy.
https://horizonsetfs.com/blog/generating-income-from-the-nasdaq-100-index-with-the-horizons-nasdaq-100-covered-call-etf/
#CoveredCall #Volatility #Premiums #NASDAQ #Income
3d
Looking for a U.S. equity ETF?
@rcarrick highlights some of his top U.S. equity ETFs, including the Horizons …S&P 500® Index ETF ($HXS – https://horizonsetfs.com/ETF/hxs/) in his third installment of the 2023 Globe and Mail ETF Buyer’s Guide!
Read More:
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-2023-globe-and-mail-etf-buyers-guide-part-three-us-equity-etfs/
3d
The NASDAQ-100® is particularly rich for harvesting premiums due to its implied volatility.
Learn more on …how $QQCC (https://horizonsetfs.com/ETF/qqcc/#performance-distributions) can generate income through a covered call strategy.
#CoveredCall #Volatility #Premiums #NASDAQ #Income
4d
Soft, hard, or no landing?
With unemployment at the lowest rate it's been in the U.S. in 54 years, will …Powell have what it takes to steer for a soft or no landing?
Brooke Thackray, Research Analyst at Horizons ETFs, discusses in his latest edition of the Thackray Newsletter, the current state of the economy and how central banks plan to tame inflation and potentially steer for a soft or no landing.
Read more:
https://buff.ly/3ZXjl7s
#Inflation #SeasonalInvesting
4d
Inflation “monsters”?
Powell vs Warren?
Paul Krugman and UFO’s?
Find out what all this means …for the economy and stock market in @BrookeThackray, Research Analyst at Horizons ETFs, latest Thackray Newsletter.
https://buff.ly/3ZXjl7s
#Inflation #Powell
1w
Are the days of low-interest rates and loose financial conditions over?
Nick Piquard, Vice President and …Portfolio Manager at Horizons ETFs, explains how his thoughts on the current economic environment and what this means for Covered Call ETFs.
#CoveredCall #Volatility #Premiums #Yield
1w
More volatility on the horizons?
Nick Piquard, VP and PM at Horizons ETFs, explains why higher volatility …could mean higher option premiums for our Covered Call suite.
#CoveredCall #Volatility #Yield
1w
Hot off the press!
Brooke Thackray, Research Analyst at Horizons ETFs, recently published his latest edition …of the Thackray Newsletter. Gain deep insight on seasonal investing from the one of the industry’s research experts.
Read more: https://buff.ly/3ZXjl7s
Looking for a seasonal investment ETF? Horizons Seasonal Rotation ETF ($HAC – https://buff.ly/3JhtfKd) uses a seasonal rotation investment strategy to potentially profit from periods of the year that historically generate positive returns in certain sectors.
#SeasonalInvesting
1w
Soft, hard, or no landing?
@BrookeThackray, Research Analyst at Horizons ETFs, breaks down how central banks …are looking for a soft and even no landing in the latest Thackray newsletter.
Read more:
https://buff.ly/3ZXjl7s
1w
Reasons to consider Horizons covered call ETFs:
1. Active approach to covered call writing ✔️
2. …Decade experience in covered calls + 25 years in options trading ✔️
3. Seeks to generate extra yield WHILE preserving the upside potential of underlying securities✔️
Gain insight with our latest video featuring Nick Piquard, Vice President and Portfolio Manager at Horizons ETFs, as he explains the Horizons ETFs advantage.
#CoveredCall #Active #Experience #Yield
1w
What’s the Horizons approach to Covered Call ETFs?
In our latest video Nick Piquard, VP and PM at Horizons …ETFs, discusses how our Covered Call suite looks for opportunities to generate yield through an active strategy.
#CoveredCall #Volatility #Yield
1w
Are agriculture commodities a good long-term bet? According to Horizons’ ETFs Research Analyst, Brooke Thackray, they… are likely to remain stable in part for two reasons:
1. Reduced Supply
2. Higher supply costs
Read more on Thackray’s commodities outlook, and where he thinks investors looking to diversify their holdings with the agriculture sector could consider allocating investments in his recent discussion with the Globe and Mail.
Read the full article here:
The levelling off of agriculture prices from last year’s highs could be a good entry point for investors who can handle the volatilty
buff.ly1w
Are agriculture commodities a good long-term bet?
The Globe and Mail recently sat down with @BrookeThackray, …Research Analyst at Horizons ETFs, to discuss why he expects agriculture commodities to relatively remain at current prices in the near term.
https://buff.ly/3ZZ1eOs
1w
@BrookeThackray Looking for a seasonal investment ETF?
Horizons Seasonal Rotation ETF ($HAC – …https://buff.ly/3JhtfKd), uses a seasonal rotation investment strategy to potentially profit from periods of the year that historically generate positive returns in certain sectors.
1w
Hot off the press!
@BrookeThackray, Research Analyst at Horizons ETFs, recently published his latest Thackray… Newsletter. Gain deep insight on seasonal investing from one of the industry’s research experts.
Read more:
https://buff.ly/3ZXjl7s
1w
Nick Piquard, Vice President and Portfolio Manager at Horizons ETFs, explains how oil & gas, and gold exposure …could benefit the most from Covered Call strategies right now.
#CoveredCall #Dividend #Volatility #Premiums $ENCC $GLCC
1w
What exposure is benefitting the most from Covered Call strategies right now?
Nick Piquard, VP and PM at …Horizons ETFs, highlights how gaining Oil & Gas, and Gold exposure during inflationary environments could potentially be good strategies.
#CoveredCall #Volatility #Yield
2w
Covered Call strategies vs dividend-focused strategies?
Nick Piquard, Vice President and Portfolio Manager at …Horizons ETFs, explains how investors could potentially generate higher yields with a Covered Call strategy.
#CoveredCall #Yield
2w
Why choose Covered Call strategies over dividend-focused strategies?
Nick Piquard, VP and PM at Horizons ETFs,… explains how investors could potentially generate higher yields with Covered Call ETFs.
#CoveredCall #Volatility #Yield
2w
✍️Have you ever invested in a Covered Call ETF?
2w
Elevated market volatility and an inflationary environment have many investors looking to Covered Call strategies.
…
Nick Piquard, Vice President and Portfolio Manager at Horizons ETFs, explains how investors could potentially benefit from elevated market volatility with Covered Call ETFs.
#CoveredCall #Volatility #Premiums
2w
Why are Covered Call strategies working right now?
Nick Piquard, VP and PM at Horizons ETFs, explains how …investors can benefit from elevated market volatility with Covered Call strategies.
#CoveredCall #Volatility #Premiums
2w
Check out @RobCarrick second installment of the 2023 Globe and Mail ETF Buyer’s Guide!
In this installment, …Rob highlights Canadian bond funds, including Horizons Cdn Select Universe Bond ETF ($HBB – https://buff.ly/3ZqV0a4)
Read More:
It’s cheap to buy exposure to the broad bond market in Canada, but returns have been weak in recent years
buff.ly2w
Looking for Canadian bond funds?
@rcarrick highlights some of his top Canadian bond funds, including Horizons …Cdn Select Universe Bond ETF ($HBB – https://buff.ly/3ZqV0a4) in his second installment of the 2023 Globe and Mail ETF Buyer’s Guide!
Read More:
https://buff.ly/3mvH4x5
3w
âť“ Did you knowâť“
Covered Call ETFs historically benefited from higher volatility
#Volatility …#Investing $BKCC $CNCC $ENCC $GLCC $HGY $QQCC $USCC $USCC.U
3w
Looking for a direct and effective way to #invest in the growth of #AI such as #ChatGPT? Horizons Global Semiconductor …ETF ($CHPS), Canada’s only semiconductor-focused ETF provides broad exposure to the growing demand for semiconductors.
3w
Horizons Global Uranium Index ETF ($HURA – https://horizonsetfs.com/ETF/hura/) is the first ETF in Canada to provide …direct exposure to the global Uranium sector. Gain direct exposure to companies directly responsible for the mining of uranium, and the price of the Uranium commodity.
3w
“Uranium is really a very effective solution long-term for being very efficient with how we create and distribute …electrical energy,” said Jaime Purvis, EVP at Horizons ETFs in his latest discussion with @ValueTrend.
https://www.valuetrend.ca/video/alternative-investing-with-jaime-purvis-of-horizons-etfs/
3w
In the current recessionary environment, what investment option could potentially offset losses? Fiera Capital’s VP …and Portfolio Manager, Candice Bangsund, gives her take with Horizons ETFs’ @Swordless, on Season 3 Ep:26 of Generation ETFs