HUF.U $9.92

Change $0.01 +0.10%

Volume 3078

Last Close $9.91


Prices delayed by 15 minutes.
Last trade: Jan 18, 2019 05:15 PM

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HUF.U

February 14, 2012

34,746,349 (as at 2019-01-18)

3,910 (for 2019-01-18)

40,985 (as at 2018-12-31)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

Fiera Capital Corporation

0.40% (plus applicable sales tax)

USD

549300P2EUBA14VY5145

Found In

Active

Fixed Income

Investment Objective

The investment objective of Horizons Active US Floating Rate Bond (USD) ETF (the “ETF”) is to generate income that is consistent with prevailing U.S. short-term corporate bond yields while stabilizing the market value of the ETF from the effects of U.S. interest rate fluctuations. The ETF invests primarily in a portfolio of U.S. corporate debt securities and will hedge the portfolio’s U.S. interest rate risk to generally maintain a portfolio duration of less than two years. The ETF may also invest in U.S government debt securities and debt securities of non-U.S. companies. The ETF may also invest in debt securities directly, or through investments in securities of other investment funds, including exchange traded funds. The ETF will use derivatives, including interest rate swaps, to deliver a floating rate of income. As the ETF is denominated in U.S. dollars, the ETF will generally seek to hedge its Canadian dollar currency exposure to the U.S. dollar and will not seek to hedge its U.S. dollar currency exposure to the Canadian dollar.

Morningstar Ratings

★ ★ ★ ★  4 star Overall Morningstar Rating™1 

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

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

1The above ratings are all based out of 72 funds in the Canadian Corporate Fixed Income Morningstar category as at 31/10/2018.
2The above ratings are all based out of 54 funds in the
Canadian Corporate Fixed Income Morningstar category as at 31/10/2018.

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.

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 14, 2012, as at December 31, 2018

Calendar Year Performance*

Distributions

Year

 

Sector Allocation

as at December 31, 2018

Geographic Allocation

as at December 31, 2018

Credit Rating

as at December 31, 2018

Top 10 Holdings

as at December 31, 2018

Most Recent Distribution per Unit : 0.11758

Estimated Annualized Yield : 14.16%

12-Month Trailing Yield: 3.50%

Distribution Frequency : Monthly

Record Date: 2018-12-31

The most recent distribution is not by itself indicative of the expected annual yield of the ETF. Distributions at the end of the calendar year often include surplus amounts. The 12-month trailing yield is a more accurate gauge of the anticipated yield of this fund.

Nav/Unit: $9.92700

Price: $9.92

Premium Discount: $-0.01

Premium Discount Percentage: -0.07%

Outstanding Shares: 3,500,185

as at January 18, 2019

Weighted Average Duration: 0.29

Average Credit Quality: BBB+

Weighted Average Coupon: 2.9

Weighted Average Yield to Maturity: 3.97

as at December 31, 2018

★ ★ ★ ★ ★

5 Star Rated for the overall period out of 221 funds in the Global Fixed Income category via Morningstar as of 31/10/2017

Performance data quoted represents past performance and is no guarantee of future results.

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 HUF.V is 1 to 1.000202. Only whole units of HUF.U 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.