HAC $20.45

Change $0.10 +0.49%

Volume 20739

Last Close $20.35


Prices delayed by 15 minutes.
Last trade: Nov 16, 2018 05:15 PM

Ticker:

Inception Date:

NET ASSETS:

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HAC

November 19, 2009

230,074,481 (as at 2018-11-16)

64,953 (for 2018-11-16)

28,357 (as at 2018-10-31)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

0.75% (plus applicable sales tax)

20% of outperformance over high water mark and an annualized return of 5% (please see the prospectus for more information)

CAD

549300KNOCJ0JHKIVZ63

Found In

Active

Strategic

Investment Objective

Long-term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends.

Daily NAV

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

Growth of 10K

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance*

**Performance since inception on November 19, 2009, as at October 31, 2018

Calendar Year Performance*

Distributions

Year

 

Asset Allocation

as at September 30, 2018

Holdings

as at October 31, 2018

* Reflects gain / loss on currency hedge (Notional exposure equals 62.3% of current NAV)

Nav/Unit: $20.43490

Price: $20.45

Premium Discount: $0.02

Premium Discount Percentage: 0.07%

Outstanding Shares: 11,258,880

as at November 16, 2018

Proprietary Seasonal Rotation Investment Strategy

The strategy’s core position consists of broad markets at seasonally favourable times of the year and money market securities at seasonally unfavourable times of the year. The strategy allocates from the core portfolio to various sectors when those sectors offer favourable opportunities. Rotating a portfolio in anticipation of these opportunities is designed to deliver returns that are superior to a static investment in broad markets. As seasonal periods are never the same, this investment strategy is supported by additional fundamental and technical analysis

Potential for Outperformance

Current research supports the view that broad markets and sectors may earn higher returns during specific periods of the year when compared to other periods of the same duration

Broad Diversification

The HAC portfolio will be primarily comprised of ETFs to gain access to the broader markets (Canadian or U.S. equities, fixed income), sectors, currencies and commodities. Investing via ETFs is cost effective and also helps to reduce risk in the portfolio

Annually if any

Horizons ETFs Management (Canada) Inc. has completed the conversion of all advisor-class units of its Canadian-listed exchange trade funds (ETFs) into the corresponding common class units of the same ETF as at the end-of-day, April 28, 2017. The Conversion Ratio of advisor-class units to common class units for HAC.A is 1 to 0.970588. Only whole units of HAC were issued and any resulting fractional units were redeemed for cash. For more information, view our press release.

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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 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.