HFP $8.21

Change $-0.12 -1.44%

Volume 3910

Last Close $8.33


Prices delayed by 15 minutes.
Last trade: Apr 18, 2019 12:07 PM

Ticker:

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HFP

October 01, 2013

112,879,230 (as at 2019-04-17)

12,975 (for 2019-04-17)

60,300 (as at 2019-03-31)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

Fiera Capital Corporation

0.55% (plus applicable sales tax)

CAD

549300WPIMP1OM8C2K79

Found In

Active

Fixed Income

Investment Objective

The investment objective of Horizons HFP is to generate income consistent with prevailing short-term preferred share yields while stabilizing the market value of the ETF from the effects of interest rate fluctuations. Horizons HFP invests primarily in preferred shares of Canadian companies and may also invest in preferred shares of companies located in the United States, fixed-income securities of Canadian and U.S. issuers, including other income generating securities and listed funds. Horizons HFP will generally maintain a portfolio duration of less than 2 years. Horizons HFP may use derivatives, including interest rate swaps and futures contracts, to contribute to the ability of the ETF to seek to deliver a floating rate of income. Horizons HFP, to the best of its ability, seeks to hedge its non-Canadian dollar 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 October 01, 2013, as at March 31, 2019

Calendar Year Performance*

Distributions

Year

 

Sector Allocation

as at March 31, 2019

Preferred Share Ratings

as at March 31, 2019

Preferred Share Category

as at March 31, 2019

Top 10 Holdings

as at March 31, 2019

Most Recent Distribution per Unit : 0.03199

Estimated Annualized Yield : 4.66%

12-Month Trailing Yield: 4.44%

Distribution Frequency : Monthly

Record Date: 2019-03-29

Nav/Unit: $8.32240

Price: $8.33

Premium Discount: $0.01

Premium Discount Percentage: 0.09%

Outstanding Shares: 13,563,340

as at April 17, 2019

Weighted Average Yield to Maturity: 5.21

as at March 31, 2019

HFP primarily invests in a portfolio of perpetual, fixed-floating rate, retractable and floating rate preferred securities of Canadian issuers whose debt, generally, at a minimum, has an investment grade rating at the time of purchase. HFP may also invest in preferred shares of companies located in the United States.

To hedge the portfolio’s interest rate risk, HFP may enter into one or more interest rate swaps pursuant to which the ETF pays a counterparty a fixed return based on a portfolio of preferred securities in exchange for a floating rate of income or use long or short futures contracts. HFP maintains a portfolio duration that is generally not more than two years.

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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.