All subscription and redemption orders must be received prior to 12:00pm ET.

In order to place a subscription or redemption order, an Agreement must be executed between the broker/dealer & Horizons ETFs Management (Canada) Inc. in advance. If you are a registered dealer and would like to request a draft dealer agreement, please contact

How to Subscribe:

To place a subscription order, fax a subscription request form to 416-777-5181. We also require that an email notification be sent to

How to Redeem:

To place a redemption order, fax a redemption request form to 416-777-5181. We also require that an email notification be sent to

  1. For all subscriptions and redemptions, the minimum prescribed number of units is 100,000 or a multiple thereof (click here for PNU & Redemption Fee amounts). 
  2. Maximum subscription per dealer will initially be set at 10 PNUs or 1,000,000 units unless waived by the Manager.
  3. The Manager will generally accept in-kind subscriptions of 500,000 units or more of an acceptable ETF.

Cash Subscriptions and Securities Subscriptions by Dealers or Designated Brokers for Units of Horizons HBB/HTB may, at the sole discretion of the Manager, be subject to a creation charge of up to 0.10% of the value of the subscription order. Additionally, the cost of a Cash Subscription for Units of Horizons HBB may be further adjusted (positively or negatively) based on the actual costs incurred by Horizons HBB/HTB in acquiring the partial or full exposure to its Underlying Index that could have otherwise been delivered as part of a Securities Subscription.

For more information please contact our office.

Horizons ETFs
55 University Avenue, Suite 800
Toronto, Ontario
M5J 2H7

Tel: 416 933 5745
Fax: 416 777 5181
Toll Free: 1 866 641 5739

T+2 Settlement Cycle Change

Please note that, commencing with trades entered into on or after September 5, 2017, the general settlement cycle for certain ETFs may change. Click here for more information.

INAV Files

The INAV files attached below represent the current holdings of each of the HBP ETFs plus any projected cash flows (positive or negative) for next trading day. Using the INAV files the Underwriter should be able to estimate the intraday value of the fund for the next trading day.

Download INAV File

Please note effective Friday April 12th Horizons will be replacing the current INAV file available for download above with this file. If you are utilizing this file and have any questions about this change please contact for further information.

Horizons ETFs is a Member of Mirae Asset Global Investments. 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 include our BetaPro Products which consist of our 2x Daily Bull and 2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs") and our VIX ETF (defined below). The 2x Daily 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, 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 Inverse ETF seeks a return that is -100% 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, for the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. The BetaPro Product whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETF"), which is a (1x) VIX 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 generally viewed as 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 ETFs' 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. 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.