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HXCN $22.67
Change $0.45 +2.03%
Volume 3400
Last Close $22.22
Prices delayed by 15 minutes. Last trade: Jun 06, 2020 10:45 AM
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HXCN
February 05, 2020
980,481,205 (as at 2020-06-05)
4,088,337 (for 2020-06-05)
Toronto Stock Exchange
Horizons ETFs Management (Canada) Inc.
All Registered and Non-Registered Investment Accounts
S&P/TSX Capped Composite Index (Total Return)
T00CAR
0.05% (plus applicable sales tax)
2020 ESTIMATED TO BE 0.06% (AS AT 2020-03-31) (ACTUAL MAY VARY)
CAD
26.55% (as at 2020-05-31)
549300KI4SUUQFRUNI21
Found In
Benchmark
Corporate Class - Total Return
HXCN seeks to replicate, to the extent possible, the performance of the S&P/TSX Capped Composite Index (Total Return), net of expenses. The S&P/TSX Capped Composite Index (Total Return) is designed to measure the performance of the broad large-cap market segment of the Canadian equity market, with a capped weight of 10% on all Constituent Issuers.
as at April 30, 2020
Nav/Unit: $22.7181
Price: $22.67
Premium Discount: $-0.05
Premium Discount Percentage: -0.21%
Outstanding Shares: 43,158,590
as at June 5, 2020
Index 12-Month Trailing Yield: 3.01
Current Index Yield: 3.03
• Total Return Index Advantage: HXCN is part of the Horizons Total Return Index family of ETFs (“Horizons TRI ETFs”) . HXCN uses one or more total return swap contracts to seek to replicate the performance of the Index. This structure typically reduces tracking error associated with physically replicating an index and increases tax efficiency • Competitive Management Fee: At 0.05%, HXCN is tied with five other ETFs offering the second-lowest management fee of 46 Canadian-listed ETFs that provide exposure to the Canadian equity market* • Tax Efficiency: HXCN is not expected to make taxable distributions • Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HXCN’s net asset value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly • Low Tracking Error: The tracking error of HXCN to its underlying Index is expected to only be equal to the management fee plus HST
*Compared to other Canadian-listed ETFs in the “Canadian Equity” Morningstar category, HXCN tied with five other ETFs with the second-lowest management fee among a total of 46 ETFs, as at February 6, 2020.
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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 shares 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 10.00% and 45.00% 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.