HLPR $20.03

Change $-0.04 -0.20%

Volume 1800

Last Close $20.07


Inception Date:


Consolidated Prior Day Volume:


Investment Manager:



Bloomberg Index Ticker:

Management Fee:


Counterparty Exposure:



February 26, 2019

22,005,826 (as at 2019-03-15)

2,000 (for 2019-03-15)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Investment Accounts

Solactive Laddered Canadian Preferred Share Index


0.40% (plus applicable sales tax)


0.79% (as at 2019-02-28)


Found In


Total Return Index

Investment Objective

HLPR seeks to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index (Total Return), net of expenses. The Solactive Laddered Canadian Preferred Share Index (Total Return) is an index of Canadian preferred shares that generally have an adjustable dividend rate.

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.

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.


No Data Available

Index Top 10 Holdings

as at February 28, 2019

Nav/Unit: $20.00530

Price: $20.03

Premium Discount: $0.02

Premium Discount Percentage: 0.12%

Outstanding Shares: 1,100,001

as at March 15, 2019

• The TRI advantage: HLPR is part of Horizons ETFs’ Total Return Index (“TRI”) family of ETFs. HLPR uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the cost1 and tracking error associated with replicating an index and increases tax efficiency
• Tax-efficient access: HLPR is not expected to make taxable distributions
• Automatic reinvestment: The reinvestment of index constituent distributions are reflected in HLPR’s Net Asset Value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly

1 Compared to other Canadian physically replicated ETFs in the “Preferred Share Fixed Income” Morningstar category. HLPR holds the lowest management fee among a total of 21 ETFs, as at January 16, 2019.

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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.