HYI $9.68

Change $-0.01 -0.10%

Volume 7305

Last Close $9.69


Prices delayed by 15 minutes.
Last trade: Oct 17, 2018 05:15 PM

Inception Date:

LEI:

Ticker:

NET ASSETS:

Consolidated Prior Day Volume:

Average Daily Trading Volume Over a 12 Month Period:

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Investment Manager:

Eligibility:

Sub-Advisor:

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Currency:

February 14, 2012

549300LPRVF0WXOP7O87

HYI

129,375,684 (as at 2018-10-16)

55,369 (for 2018-10-16)

51,522 (as at 2018-09-30)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

Fiera Capital Corporation

0.60% (plus applicable sales tax)

CAD

Found In

Active

Fixed Income

Investment Objective

Horizons Active High Yield Bond ETF’s (the “ETF”) investment objectives are to provide Unitholders with: (i) high total return income; and (ii) monthly distributions. The ETF invests, directly or indirectly, primarily in high-yield debt securities of North American companies. The ETF may also invest, directly or indirectly, in convertible debentures, preferred shares and mortgage back securities. The ETF will, to the best of its ability, seek 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 February 14, 2012, as at September 30, 2018

Calendar Year Performance*

Morningstar Ratings

★ ★ ★ ★  4 star Overall Morningstar Rating™1 

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

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

1The above ratings are all based out of 300 funds in the High Yield Fixed Income Morningstar category as at 30/09/2018.
2The above ratings are all based out of 203 funds in the High Yield Fixed Income Morningstar category as at 30/09/2018.

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.

Distributions

Year

 

Sector Allocation

as at September 30, 2018

Geographic Allocation

as at September 30, 2018

Credit Rating

as at September 30, 2018

Top 10 Holdings

as at September 30, 2018


 

Most Recent Distribution per Unit : 0.05207

Estimated Annualized Yield : 6.35%

12-Month Trailing Yield: 5.85%

Distribution Frequency : Monthly

Record Date: 2018-09-28

Nav/Unit: $9.72560

Price: $9.69

Premium Discount: $-0.04

Premium Discount Percentage: -0.37%

Outstanding Shares: 13,302,550

as at October 16, 2018

Weighted Average Duration: 4.37

Average Credit Quality: BB-

Weighted Average Coupon: 6.9

Weighted Average Yield to Maturity: 7.38

as at September 30, 2018

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 HYI.A is 1 to 1.000217. Only whole units of HYI 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.