Direct from the Manager

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

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. In respect of the Horizons Active Floating Rate Senior Loan ETF ("HSL"), cash subscriptions by Dealers or Designated Brokers may, at the sole discretion of the Manager, be subject to a creation charge of up to 0.25% of the value of the cash subscription order, payable to HSL. Redemptions may be subject to an administration fee of up to 0.25% of the redemption proceeds of the Horizons ETF units.

The administration fee schedule is as follows or it can be downloaded here:

Ticker
Symbol
Creation
Administration Fee
Redemption
Administration Fee
Creation
Unit Size
DLR 0.000% 0.000% 25,000
HAB 0.000% 0.000% 25,000
HAC 0.000% 0.000% 25,000
HAD 0.000% 0.000% 25,000
HAF 0.000% 0.000% 25,000
HAJ 0.000% 0.000% 25,000
HAL 0.000% 0.000% 25,000
HAU 0.000% 0.000% 25,000
HAZ 0.000% 0.000% 25,000
HBB 0.000% applicable cost* 0.000% applicable cost* 50,000
HBD 0.000% 0.000% 25,000
HBU 0.000% 0.000% 25,000
HCN 0.000% 0.000% 25,000
HEA.U 0.000% 0.000% 25,000
HED 0.000% 0.000% 25,000
HEE 0.000% 0.000% 25,000
HEF 0.000% 0.000% 25,000
HEJ 0.000% 0.000% 25,000
HEP 0.000% 0.000% 25,000
HEU 0.000% 0.000% 25,000
HEW 0.000% 0.000% 25,000
HEX 0.000% 0.000% 25,000
HFD 0.000% 0.000% 25,000
HFP 0.000% 0.000% 25,000
HFR 0.000% 0.000% 25,000
HFU 0.000% 0.000% 25,000
HGC 0.000% 0.000% 25,000
HGD 0.000% 0.000% 50,000
HGM 0.000% 0.000% 25,000
HGU 0.000% 0.025% 50,000
HGY 0.000% 0.000% 25,000
HHF 0.000% 0.000% 25,000
HII 0.000% 0.000% 25,000
HIU 0.000% 0.000% 25,000
HIX 0.000% 0.0125% 25,000
HMA 0.000% 0.000% 25,000
HMF 0.000% 0.000% 25,000
HMMJ 0.000% 0.000% 25,000
HMP 0.000% 0.150%* 25,000
HND 0.000% 0.025% 100,000
HNU 0.000% 0.025% 100,000
HNY 0.000% 0.000% 25,000
HOD 0.000% 0.025% 100,000
HOG 0.000% 0.000% 25,000
HOU 0.000% 0.025% 100,000
HPR 0.000% 0.050% 25,000
HQD 0.000% 0.000% 25,000
HQU 0.000% 0.000% 25,000
HRA 0.000% 0.000% 25,000
HSD 0.000% 0.0125% 50,000
HSH 0.000% 0.000% 25,000
HSL 0.250%* 0.150%* 25,000
HSU 0.000% 0.0125% 50,000
HTB 0.000% applicable cost* 0.000% applicable cost* 25,000
HTH Up to 0.10%
plus costs
Up to 0.10%
plus costs
25,000
HUC 0.000% 0.000% 25,000
HUF.U 0.000% 0.000% 25,000
HUG 0.000% 0.000% 25,000
HUN 0.000% 0.000% 25,000
HUV 0.000% 0.000% 25,000
HUZ 0.000% 0.000% 25,000
HVI 0.000% 0.0125% 25,000
HVU 0.000% 0.0125% 50,000
HXD 0.000% 0.025% 50,000
HXE 0.000% 0.000% 25,000
HXF 0.000% 0.000% 25,000
HXH 0.000% 0.000% 50,000
HXS 0.000% 0.000% 100,000
HXT 0.000% 0.000% 100,000
HXX 0.000% 0.000% 25,000
HXU 0.000% 0.0125% 50,000
HXQ 0.000% 0.000% 50,000
HYI 0.000% 0.250%* 25,000
HZD 0.000% 0.000% 25,000
HZU 0.000% 0.0125% 25,000
HADM 0.000% 0.000% 25,000
HXDM 0.000% 0.000% 25,000
INOC 0.000% 0.000% 25,000
MIND 0.000% 0.000% 25,000
 

*only applicable to cash
Where an ETF also offers units in an Advisor Class, the same fees and PNU size are applicable.
The current administration fees will be posted on this website and may change at any time without notice and may be waived at our discretion.

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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 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.