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HAL $17.39

Change $0.07 +0.40%

Volume 3150

Last Close $17.32


Prices delayed by 15 minutes.
Last trade: Sep 14, 2019 03:35 PM

Ticker:

Inception Date:

NET ASSETS:

Consolidated Prior Day Volume:

Average Daily Trading Volume Over a 12 Month Period:

Exchange:

Investment Manager:

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Sub-Advisor:

Management Fee:

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LEI:

HAL

February 09, 2010

41,136,283 (as at 2019-09-13)

5,616 (for 2019-09-13)

7,028 (as at 2019-07-31)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

Guardian Capital LP

0.55% (plus applicable sales tax)

CAD

549300IRC00PFMR4VE52

Found In

Active

Equity Income

Investment Objective

The investment objective of the Horizons Active Cdn Dividend ETF (the “ETF”) is to seek long-term total returns consisting of regular dividend income and modest long-term capital growth. The ETF invests primarily in equity securities of major North American companies with above average dividend yields. The ETF, to the best of its ability, seeks to hedge its U.S. currency exposure to the Canadian dollar at all times.

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 February 09, 2010, as at August 31, 2019

Calendar Year Performance*

Morningstar Ratings

★ ★ ★ ★ star Overall Morningstar Rating™1

★ ★ ★ ★ ★ star 3-Year Morningstar Rating™1

★ ★ ★ ★ star 5-Year Morningstar Rating™2

1 Ratings are based out of 532 funds in the Canadian Dividend & Income Equity Morningstar category as at 31/07/2019.
2 Ratings are based out of 385 funds in the Canadian Dividend & Income Equity Morningstar category as at 31/07/2019.

Morningstar, Inc. rates mutual funds and ETFs from 1 to 5 stars based on an objective mathematical evaluation of past performance (after adjusting for risk and accounting for sales charges) in comparison to similar funds and ETFs. Every fund is rated versus its category peers over the following discrete periods: three years, five years, and ten years (Morningstar, Inc. does not calculate one year ratings). The performance that corresponds to this (these) rating(s) and rating period(s) is shown on this product page. Funds are rated on a curve, with the top 10% and bottom 10% of risk-adjusted performers in each category receiving one star and five stars, respectively. The next 22.5% at each end of the scale receive two stars and four stars, respectively, whilst the middle 35% receive three stars. The Overall Morningstar Rating is a weighted average of the ratings for all rated periods. The Overall Ratings view the funds as long-term investment vehicles and therefore puts the most emphasis on longer time-periods. For a fund with 10 years of history, a 50% weight is put on the 10-year rating period, a 30% weight on the five-year rating period, and a 20% weight on the three-year rating period. For a fund with five years of history, a 60% weight is put on the five-year rating period, and a 40% weight on the three-year rating period. For a fund with 3 years of history, the Overall Rating will have a 100% weight on the three-year rating period. Funds and ETFs are rated monthly and those with less than three years of history are not rated. The ratings can change monthly and are a useful tool for identifying funds and ETFs worthy of further research, but should not be considered buy or sell signals. For more information see www.morningstar.com. Past performance is no guarantee of future results.

Distributions

Year

 

Sector Allocation

as at July 31, 2019

Top 10 Holdings

as at July 31, 2019

Most Recent Distribution per Unit : 0.12830

Estimated Annualized Yield : 3.06%

12-Month Trailing Yield: 2.95%

Distribution Frequency : Quarterly

Record Date: 2019-06-28

Nav/Unit: $17.37050

Price: $17.39

Premium Discount: $0.02

Premium Discount Percentage: 0.11%

Outstanding Shares: 2,368,176

as at September 13, 2019

To achieve Horizons HAL’s investment objective, the ETF’s Sub-Advisor selects companies that, in its view, have good long-term prospects of increasing dividend payments. The portfolio investments are diversified among different companies and industry sectors.

Horizons HAL’s investment process is primarily based on fundamental research as well as quantitative and technical factors. Investment decisions are ultimately based on an understanding of the company, its business and its outlook. The Sub Advisor will monitor and review this ETF’s investments on an ongoing basis to try to ensure that the best relative values are identified.

To achieve its investment objective, the Sub-Advisor may also invest in fixed income securities such as government bonds, corporate bonds or treasury bills. Horizons HAL may hold up to 10% of its portfolio in these fixed-income securities. It is expected that the income earned on Horizons HAL’s investments will be used to pay some or all of the ETF’s expenses.

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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 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 (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 units of a BetaPro Product decreases in value. The BetaPro Products consist of our 2x Daily Bull and 2x Daily Bear ETFs (“2x Daily ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the 2x Daily 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 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, among other risks, which 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 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 2x Daily 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 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. 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 15.00% and 35.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager will publish, 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. 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.

*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.