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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 âHorizons Exchange Traded Productsâ). 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 âBetaPro Productsâ). 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 (âLeveraged and Inverse Leveraged ETFsâ), Inverse ETFs (âInverse ETFsâ) and our BetaPro S&P 500 VIX Short-Term Futures⢠ETF (the âVIX ETFâ). Included in the Leveraged and Inverse Leveraged ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (âHMJUâ) and BetaPro Marijuana Companies Inverse ETF (âHMJIâ), 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 â200% of the performance of a specified underlying index, commodity futures index or benchmark (the âTargetâ) for a single day. Each Inverse ETF seeks a return that is â100% of the performance of its Target. Due to the compounding of daily returns a Leveraged and Inverse Leveraged ETFâs or Inverse ETFâs 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 ETFâs 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 HMJIâs 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 ETFâs Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETFâs Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFâs 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 (âHBITâ), and BetaPro Inverse Bitcoin ETF (âBITIâ), 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 (âHorizons TRI ETFsâ) 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 ETFâs share price, and investors are not expected to receive any taxable distributions. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ÂŽ 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 âHorizons Exchange Traded Productsâ) 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
11h
What is the outlook for fixed income in 2023?
Nicolas Vaugeois, PM at Fiera Capital shares his thoughts on Horizons… ETFsâ #FixedIncomeInsights
4d
2022 was not kind to the tech investors, to say the least.
While the road ahead may be unclear, could the …cybersecurity sector provide investors with a smarter way to get tech exposure?
Check out our thesis on cybersecurity (10-minute read).
1w
Weâre proud to announce eight of our ETFs have been awarded FundataCanada FundGrade A+ÂŽ Awards for 2022!
…Given out yearly, the FundGrade A+ÂŽ award represents a truly objective, independent mark of distinction for those funds that receive the award.
Find out more:
https://horizonsetfs.com/horizons-etfs-receives-eight-fundata-fundgrade-a-awards-for-2022/
BetaPro ETFs use a corporate class structure and are designed to provide market-savvy investors with leveraged, inverse and inverse leveraged …
horizonsetfs.com1w
Weâre proud to announce eight of our ETFs have been awarded @FundataInc FundGrade A+ Awards for 2022!
Given… out yearly, the FundGrade A+ award represents a truly objective, independent mark of distinction for investment funds.
1w
Will the strong start for the markets continue in 2023? @BrookeThackray, Research Analyst at Horizons ETFs, joined …@BNNBloomberg to discuss his outlook for the markets.
https://www.bnnbloomberg.ca/video/brooke-thackray-s-market-outlook~2615606
1w
đ¨ Is a Deep Recession Imminent? đ¨
Candice Bangsund, VP & PM, Global Asset Allocation at Fiera …Capital joins Horizons ETFsâ @Swordless for our latest podcast discussion on economic risks ahead in 2023, the battle with #inflation and why cash may be king
1w
Following 2022âs market volatility, Barry Allan, CEO of DMAT Capital Management and Horizons ETFsâ subadvisor, …highlights early contradictions between the Fedâs tightening policy and the market, and potential ongoing economic effects with Catherine Murray:
https://www.newsforum.tv/videos/early-optimism-in-the-markets
Catherine welcomes Barry Allen, CEO of DMAT Capital Management Inc. He’ll give his outlook on the 2023 markets and where investors should be looking…
www.newsforum.tv1w
Following 2022's market volatility, Barry Allan, CEO of DMAT Capital Management and Horizons ETFs' …subadvisor, highlights early contradictions between the Fed's tightening policy and the market, and potential ongoing economic effects with @CatherineBizTV
http://www.newsforum.tv/videos/early-optimism-in-the-markets
2w
Itâs âBonds Voyageâ for investors in 2023 as markets could offer a big year for yields and #bonds. Read the …latest summary on what could be in store for fixed income markets from Horizons ETFs and Fiera Capital. https://horizonsetfs.com/bonds-voyage/
2w
Will the Canadian stock market outperform the U.S. for the second year in a row? @BrookeThackray, Research Analyst at …Horizons ETFs, joined @BNNBloomberg to discuss how the Canadian stock market is poised to perform vs the U.S. market in 2023.
https://www.bnnbloomberg.ca/investing/video/the-canadian-stock-market-is-more-value-oriented-and-it-ll-continue-to-outperform-research-analyst~2608680
3w
Looking to stay ahead with fixed-income investing in 2023? This may be the webinar for you.
Join @Swordless …and Jeff Lucyk of Horizons ETFs as they discuss ways to help generate income to your portfolio:
Register Now: https://register.gotowebinar.com/register/6869671011740713998?source=Twitter
3w
Liquid Alternative ETFs are one option for building diversification.
Join Horizons ETFs' @BrookeThackray,… Jeff Lucyk, DMAT Capital's Barry Allan and @Rlaterman from @InvestReSolve as they discuss #LiquidAlternative ETFs.
https://register.gotowebinar.com/register/2286284224366063200?source=Twitter
3w
In @CFATorontoâs latest journal, they explore how liquid alternative strategies can potentially provide needed …protection for 60/40 portfolios through upcoming volatility đđ
NEW ARTICLE:
From All-Weather to All-Terrain InvestingTM for the Stormy Decade Ahead
Published in @CFAToronto's The Analyst journal
Now outside the paywall:
https://investresolve.com/inc/uploads/pdf/CFA_Toronto_theAnalyst_ReSolve%20Article_12_22.pdf
#ReturnStacking #AllWeather #RiskParity #macro #inflation
3w
Interested in how Alternative ETFs can fit inside your portfolio in 2023? Picture Perfect Portfolioâs Nomadic Samuel …takes a deeper look at the Horizons ReSolve Adaptive Asset Allocation ETF $HRAA.TO in his latest blog: https://pictureperfectportfolios.com/resolve-adapative-asset-allocation-fund-rdmix-review/
3w
Picture Perfect Portfolioâs @NomadicSamuel takes a deep look at the Horizons ReSolve Adaptive Asset Allocation ETF …$HRAA.TO in his latest blog: https://pictureperfectportfolios.com/resolve-adapative-asset-allocation-fund-rdmix-review/
4w
Looking for more than just exposure to the NASDAQ 100ÂŽ Index? Horizons NASDAQ-100 Covered Call ETF ($QQCC â …https://horizonsetfs.com/ETF/qqcc/) provides investors exposure to companies listed on the NASDAQ stock market, while potentially generating additional income on the portfolio.
Just like our other Covered Call ETFs, $QQCC utilizes a dynamic call-writing approach that seeks to generate income and reduce downside risk.
Our experienced Options Management Team actively manages $QQCC to not only save investors the time of monitoring individual options positions but applies expert knowledge to remain nimble and dynamic to changing market conditions.
While historically, the NASDAQ-100ÂŽ Index constituents have not paid a high-dividend yield relative to other indices, $QQCC can be a great way for investors to reap the benefits of both additional income and potential growth.
Learn more about our Covered Call ETFs like QQCC here!
https://horizonsetfs.com/covered-call/
4w
đĄAlthough the #NASDAQ100 Index has not paid a high-dividend yield relative to other indices, investors can reap the …benefits of both additional income and potential growth of the index using ETFs like $QQCC.
Learn more: http://www.horizonsetfs.com/etf/QQCC
1mo
Is fixed income back? Prepare yourself for the year ahead and catch our latest video with @Swordless, Executive …Vice-President, ETF Strategy, Horizons ETFs Management (Canada) Inc., and Fiera Capitalâs Nicolas Normandeau, Portfolio Manager, Fixed Income. https://youtu.be/bxxJZSim5aU
1mo
What could 2023 have in store for commodities markets? Horizons ETFsâ Research Analyst @BrookeThackray joined …@BNNBloomberg to share his bullish and bearish predictions for gold, oil, and base metals in the year to come. https://www.bnnbloomberg.ca/video/gold-can-perform-well-as-inflation-interest-rates-and-u-s-dollar-are-coming-down-research-analyst~2589753
1mo
Watch @NickPiquard, VP and PM at Horizons ETFs as he sits down with Adrian from Passive Income Investing to discuss all… things Covered Call ETFs! (20:13 minutes)
https://www.youtube.com/watch?v=x8zYq9zN7AY&ab_channel=PassiveIncomeInvesting
1mo
Congratulations to the winners and everyone who participated in our #FinacialLiteracyMonth quiz!
Financial …Literacy doesnât end in November! Further your knowledge by checking out Horizons ETFs Learning Library https://horizonsetfs.com/learning/
1mo
đĄInterested in an efficient way to gain exposure to commodities? Commodity ETFs may be the solution.
Read …more: https://horizonsetfs.com/investing-in-commodities/
1mo
Learn more about the Horizons Tactical Absolute Return Bond ETF (HARB), sub-advised by Barry Allan and DMAT Capital: …https://horizonsetfs.com/ETF/harb/
1mo
Barry Allan, CEO of DMAT Capital and Horizons ETFsâ sub-advisor joined @BNNBloomberg to discuss inflation, the …Fedâs latest rate hike and why heâs positioning himself for a âhard landingâ on the horizon. https://www.bnnbloomberg.ca/video/a-hard-landing-is-the-highest-probability-position-short-until-2023-becomes-more-clear-barry-allan~2585062
1mo
In his latest video, financial YouTuber Passive Income Investing takes a deeper look into Horizons ETFsâ …ârefreshedâ Covered Call suite and what he finds most interesting about our ETFs. Stay tuned for Adrianâs interview with @NickPiquard, coming soon! https://www.youtube.com/watch?v=km_izsivV90
1mo
The Horizons Carbon Credits ETF is Canadaâs FIRST #ETF that provides exposure to carbon credits through futures …contracts or derivative instruments.
Check out this 5-minute explainer video below!
https://horizonsetfs.com/horizons-carbon-credits-etf-carb-explained
1mo
Looking to âhedgeâ your currency risk? Currency-hedged ETFs can generally reduce some of the risks of owning …foreign currency-denominated securities.
We offer a suite of currency-hedged ETFs for those looking to reduce currency risk in their portfolios:
https://horizonsetfs.com/currency-hedged-etfs
2mo
đ¤đâDo you consider yourself a pro on all things #ETFs? Test your #FinancialLiteracy for a chance to win a $100 …Amazon gift card!
https://www.surveymonkey.com/r/XCL5KYW
2mo
Daniel Straus, head of ETF research and strategy at National Bank Financial, recently went on @BNNBloomberg to discuss …his top picks, including $HRAA (https://horizonsetfs.com/ETF/hraa/)
Find out why HRAA:
https://www.bnnbloomberg.ca/investing/video/daniel-straus-top-picks~2575660
2mo
đHow much do you know about the #stockmarket? Test yourself for a chance to win a $100 Amazon gift card!đđ
…
https://www.surveymonkey.com/r/X2SF5XK