CBIL
CBIL invests primarily in short-term Government of Canada T-Bills, which are backed by the credit of the Canadian Government.
CBIL’s yield is generally anticipated to increase or decrease depending on the prevailing interest rate environment in Canada.
Safety + Income
Investment Objective: CBIL seeks to provide interest income through exposure to Government of Canada Treasury Bills with remaining maturities generally less than 3 months.
The amount of the monthly distributions of an ETF, and therefore the *initial targeted annualized net yield and the ongoing annualized net yield of an ETF, may fluctuate based on market conditions, including changes to interest rates. There can be no assurance that an ETF will make any distribution in any particular period or periods. The Manager may, in its complete discretion, change the frequency of these distributions, and any such change will be announced by press release.
CBIL may be susceptible to an increased risk of loss, including losses due to adverse events because fund assets are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. While Canadian Treasury obligations are fully backed by the Canadian government, such securities are nonetheless subject to credit risk (i.e. the risk that the issuing government may be, or be perceived to be, unable or unwilling to honour its financial obligations, such as making payments). For a full description of the associated risks, please refer to the fund’s prospectus at www.horizonsetfs.com.
Fund Details
Ticker
CBIL
Inception Date
April 12, 2023
Net Assets ?
$724,903,681
As at April 17, 2024
Consolidated Prior Day Volume ?
164 666
For April 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.10%
(Plus applicable sales tax)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000BCXFK08Z6YU56
Distribution Metrics
Most Recent Distributions Per Unit
$0.19500
Annualized Distribution Yield ?
4.67 %
As at April 17, 2024
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
March 28, 2024
Portfolio Investment Metrics
As at April 17, 2024
Weighted Average Duration ?
0.13
Average Credit Quality ?
A-1+
Weighted Average Yield to Maturity ?
4.85%
Weighted Average Term to Maturity
0.13
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 security holder. 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.
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 (%) *
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Calendar Year Performance (%) *
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2024 | 03/28/2024 | 03/28/2024 | 04/05/2024 | 0.195 | — | Monthly |
| 2024 | 02/29/2024 | 02/29/2024 | 03/07/2024 | 0.21 | — | Monthly |
| 2024 | 01/31/2024 | 01/31/2024 | 02/07/2024 | 0.215 | — | Monthly |
| 2023 | 12/29/2023 | 12/29/2023 | 01/08/2024 | 0.21 | — | Monthly |
| 2023 | 11/30/2023 | 11/30/2023 | 12/07/2023 | 0.225 | — | Monthly |
| 2023 | 10/31/2023 | 10/31/2023 | 11/07/2023 | 0.225 | — | Monthly |
| 2023 | 09/29/2023 | 09/29/2023 | 10/06/2023 | 0.195 | — | Monthly |
| 2023 | 08/31/2023 | 08/31/2023 | 09/08/2023 | 0.19 | — | Monthly |
| 2023 | 07/31/2023 | 07/31/2023 | 08/08/2023 | 0.195 | — | Monthly |
| 2023 | 06/30/2023 | 06/30/2023 | 07/10/2023 | 0.189 | — | Monthly |
| 2023 | 05/31/2023 | 05/31/2023 | 06/07/2023 | 0.26562 | — | Monthly |
Credit Ratings
As at April 17, 2024| A-1+ | 100.00% |
Geographic Exposure
As at April 17, 2024| Canada | 100.00% |
Top 10 Holdings
As at April 17, 2024| Security Name | Weight |
|---|---|
| CANADIAN TREASURY BILL 04-07-2024 | 24.39% |
| CANADIAN TREASURY BILL 23-05-2024 | 22.16% |
| CANADIAN TREASURY BILL 09-05-2024 | 21.15% |
| CANADIAN TREASURY BILL 20-06-2024 | 14.47% |
| CANADIAN TREASURY BILL 25-04-2024 | 11.11% |
| CANADIAN TREASURY BILL 06-06-2024 | 4.65% |
| CANADA GOVT DISC 07/18/2024 | 2.06% |
| CASH | 0.02% |
Holdings are subject to change. Download full prior business day: Holdings
At a Glance
Key Features
CBIL invests primarily in short-term Government of Canada T-Bills, which are backed by the credit of the Canadian Government.
CBIL’s yield is generally anticipated to increase or decrease depending on the prevailing interest rate environment in Canada.
Safety + Income
Investment Objective: CBIL seeks to provide interest income through exposure to Government of Canada Treasury Bills with remaining maturities generally less than 3 months.
The amount of the monthly distributions of an ETF, and therefore the *initial targeted annualized net yield and the ongoing annualized net yield of an ETF, may fluctuate based on market conditions, including changes to interest rates. There can be no assurance that an ETF will make any distribution in any particular period or periods. The Manager may, in its complete discretion, change the frequency of these distributions, and any such change will be announced by press release.
CBIL may be susceptible to an increased risk of loss, including losses due to adverse events because fund assets are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. While Canadian Treasury obligations are fully backed by the Canadian government, such securities are nonetheless subject to credit risk (i.e. the risk that the issuing government may be, or be perceived to be, unable or unwilling to honour its financial obligations, such as making payments). For a full description of the associated risks, please refer to the fund’s prospectus at www.horizonsetfs.com.
Product Facts
Fund Details
Ticker
CBIL
Inception Date
April 12, 2023
Net Assets ?
$724,903,681
As at April 17, 2024
Consolidated Prior Day Volume ?
164 666
ForApril 17, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.10%
(Plus applicable sales tax)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000BCXFK08Z6YU56
Distribution Metrics
As at April 17, 2024
Most Recent Distributions Per Unit
0.195
Annualized Distribution Yield ?
4.67 %
As at April 17, 2024
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
March 28, 2024
Portfolio Investment Metrics
As at April 17, 2024
Weighted Average Duration ?
0.13
Average Credit Quality ?
A-1+
Weighted Average Yield to Maturity ?
4.85%
Weighted Average Term to Maturity
0.13
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 security holder. 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.
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.
Performance & Distributions
Annualized Performance (%)
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Calendar Year Performance (%)
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2024 | 03/28/2024 | 03/28/2024 | 04/05/2024 | 0.195 | Monthly | |
| 2024 | 02/29/2024 | 02/29/2024 | 03/07/2024 | 0.21 | Monthly | |
| 2024 | 01/31/2024 | 01/31/2024 | 02/07/2024 | 0.215 | Monthly | |
| 2023 | 12/29/2023 | 12/29/2023 | 01/08/2024 | 0.21 | Monthly | |
| 2023 | 11/30/2023 | 11/30/2023 | 12/07/2023 | 0.225 | Monthly | |
| 2023 | 10/31/2023 | 10/31/2023 | 11/07/2023 | 0.225 | Monthly | |
| 2023 | 09/29/2023 | 09/29/2023 | 10/06/2023 | 0.195 | Monthly | |
| 2023 | 08/31/2023 | 08/31/2023 | 09/08/2023 | 0.19 | Monthly | |
| 2023 | 07/31/2023 | 07/31/2023 | 08/08/2023 | 0.195 | Monthly | |
| 2023 | 06/30/2023 | 06/30/2023 | 07/10/2023 | 0.189 | Monthly | |
| 2023 | 05/31/2023 | 05/31/2023 | 06/07/2023 | 0.26562 | Monthly |
Holdings
Credit Ratings
As at April 17, 2024| A-1+ | 100.00% |
Geographic Exposure
As at April 17, 2024| Canada | 100.00% |
Top 10 Holdings
As at April 17, 2024| Security Name | Weight |
|---|---|
| CANADIAN TREASURY BILL 04-07-2024 | 24.39% |
| CANADIAN TREASURY BILL 23-05-2024 | 22.16% |
| CANADIAN TREASURY BILL 09-05-2024 | 21.15% |
| CANADIAN TREASURY BILL 20-06-2024 | 14.47% |
| CANADIAN TREASURY BILL 25-04-2024 | 11.11% |
| CANADIAN TREASURY BILL 06-06-2024 | 4.65% |
| CANADA GOVT DISC 07/18/2024 | 2.06% |
| CASH | 0.02% |
Holdings are subject to change. Download full prior business day: Holdings
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