Horizons ETFs - Horizons Canadian Midstream Oil & Gas Index ETF

HOG $8.94

Change $-0.14 -1.54%

Volume 775

Last Close $9.08

Prices delayed by 15 minutes.
Last trade: Jun 30, 2022 11:34 AM

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HOG

July 14, 2014

20,229,562 (as at 2022-06-29)

4,946 (for 2022-06-29)

15,780 (as at 2022-05-31)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

Solactive Pipelines & Energy Services Index

SOLCOG

0.55% (plus applicable sales tax)

0.64% (as at 2021-12-31)

CAD

549300526QDXF64XFD43

Found In

Benchmark

Thematic Equity

Previously named Horizons Canadian Midstream Oil & Gas Index ETF until February 26, 2020.

Investment Objective

HOG seeks to replicate, to the extent possible, the performance of the Solactive Pipelines & Energy Services Index (the “Index”), net of expenses. The Index is designed to provide exposure to equity securities of certain Canadian oil and gas companies in the midstream sector

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*

	1 Mo	3 Mo	6 Mo	YTD	1 Yr	3 Yr	5 Yr	10 Yr	SIR**
Horizons Pipelines & Energy Services Index ETF	7.60	10.40	22.23	18.29	21.27	10.55	6.31	--	4.79
Solactive Canadian Midstream Oil & Gas Index Total Return	7.72	10.59	22.81	18.52	21.57	11.40	7.15	9.56	5.65

**Performance since inception on July 14, 2014, as at May 31, 2022

Calendar Year Performance*

	2014	2015	2016	2017	2018	2019	2020	2021
ETF (HOG)	--	-25.14	39.01	-2.17	-12.07	20.48	-17.96	34.59
Solactive Canadian Midstream Oil & Gas Index Total Return	--	-24.73	40.71	-1.47	-11.52	21.90	-17.06	35.15

Distributions

Year

Ex-dividend Date	Record Date	Payment Date	Payment Amount	Reinvested Non-Cash Distributions	Distribution Period
06-29-2022	06-30-2022	07-13-2022	0.07085	--	Quarterly
03-30-2022	03-31-2022	04-12-2022	0.06444	--	Quarterly
12-30-2021	12-31-2021	01-13-2022	0.07586	0.21698	Quarterly
09-28-2021	09-29-2021	10-13-2021	0.07524	--	Quarterly
06-29-2021	06-30-2021	07-13-2021	0.07335	--	Quarterly
03-30-2021	03-31-2021	04-13-2021	0.07862	--	Quarterly
12-30-2020	12-31-2020	01-13-2021	0.08977	--	Quarterly
09-29-2020	09-30-2020	10-13-2020	0.10593	--	Quarterly
06-29-2020	06-30-2020	07-13-2020	0.10626	--	Quarterly
03-30-2020	03-31-2020	04-13-2020	0.08659	--	Quarterly
12-30-2019	12-31-2019	01-13-2020	0.09229	--	Quarterly
09-27-2019	09-30-2019	10-10-2019	0.09090	--	Quarterly
06-27-2019	06-28-2019	07-11-2019	0.09788	--	Quarterly
03-28-2019	03-29-2019	04-10-2019	0.10600	--	Quarterly
12-28-2018	12-31-2018	01-11-2019	0.10848	--	Quarterly
09-27-2018	09-28-2018	10-11-2018	0.10080	--	Quarterly
06-28-2018	06-29-2018	07-12-2018	0.09751	--	Quarterly
03-28-2018	03-29-2018	04-11-2018	0.09038	--	Quarterly
12-28-2017	12-29-2017	01-11-2018	0.09210	--	Quarterly
09-28-2017	09-29-2017	10-12-2017	0.09980	--	Quarterly
06-28-2017	06-30-2017	07-13-2017	0.09896	--	Quarterly
03-29-2017	03-31-2017	04-12-2017	0.09868	--	Quarterly
12-28-2016	12-30-2016	01-12-2017	0.09403	--	Quarterly
09-28-2016	09-30-2016	10-13-2016	0.09494	--	Quarterly
06-28-2016	06-30-2016	07-13-2016	0.09742	--	Quarterly
03-29-2016	03-31-2016	04-12-2016	0.09997	--	Quarterly
12-29-2015	12-31-2015	01-13-2016	0.08897	--	Quarterly
09-28-2015	09-30-2015	10-13-2015	0.07829	--	Quarterly
06-26-2015	06-30-2015	07-13-2015	0.07685	--	Quarterly
03-27-2015	03-31-2015	04-13-2015	0.07508	--	Quarterly
12-29-2014	12-31-2014	01-13-2015	0.08266	--	Quarterly
09-26-2014	09-30-2014	10-10-2014	0.07178	--	Quarterly

Top 10 Holdings

as at June 28, 2022

Security Name	Weight
ALTAGAS LTD .	8.09%
SECURE ENERGY SERVICES INC .	7.97%
TC ENERGY CORP .	7.91%
GIBSON ENERGY INC .	7.82%
MULLEN GROUP LTD .	7.78%
ENBRIDGE INC .	7.77%
PARKLAND CORP .	7.73%
SHAWCOR LTD NEW	7.72%
KEYERA CORP .	7.7%
PEMBINA PIPELINE CORP .	7.63%

Holdings are subject to change. Download prior business day: Holdings

In the media

Regulatory

PDFProspectus

PDFRegulatory ETF Facts

LINKClick here for regulatory documents...

Education

PDFProduct Sheet

LINKInvesting in Commodities with Horizons ETFs

LINKSolactive Canadian Midstream Oil & Gas Index Methodology

Distributions

Most Recent Distribution per Unit : 0.07085

Estimated Annualized Yield : 3.07%

12-Month Trailing Yield: 2.81%

Distribution Frequency : Quarterly

Record Date: 2022-06-30

Price and NAV

Nav/Unit: $9.0564

Price: $9.08

Premium Discount: $0.02

Premium Discount Percentage: 0.26%

Outstanding Shares: 2,233,721

as at June 29, 2022

What is Midstream Oil & Gas

The Canadian oil and gas midstream sector includes the securities of companies who are involved the transportation, storage, and wholesale marketing of crude oil, natural gas and other refined petroleum products (collectively, the “Midstream Sector”). Pipelines and other transportation systems can be used to move these petroleum products from production sites from the upstream exploration and production companies to the downstream refineries and various refined product distributors.

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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 value changes frequently and past performance may not be repeated. Certain ETFs may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. 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 Daily Bull and Daily Bear ETFs (“Leveraged and Inverse Leveraged ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged ETF seeks a return, before fees and expenses, that is either up to, or equal to, 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 Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period. For certain Leveraged and Inverse Leveraged ETFs that seek up to 200% or up to or -200% leveraged exposure, the Manager anticipates, under normal market conditions, managing the leverage ratio as close to two times (200%) as practicable however, the Manager may, at its sole discretion, change the leverage ratio based on its assessment of the current market conditions and negotiations with the respective ETF’s counterparties at that time. 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 publishes 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. BetaPro Bitcoin ETF (“HBIT”), and BetaPro Inverse Bitcoin ETF (“BITI”), which are a 1X ETF, and an up to -1X ETF, respectively, as described in the prospectus, are speculative investment tools that are not conventional investments. Their Target, an index which replicates exposure to rolling Bitcoin Futures and not the spot price of Bitcoin, is highly volatile. As a result, neither ETF is intended as a stand-alone investment. There are inherent risks associated with products linked to crypto-assets, including Bitcoin Futures. While Bitcoin Futures are traded on a regulated exchange and cleared by regulated central counterparties, direct or indirect exposure to the high level of risk of Bitcoin Futures will not be suitable for all types of investors. An investment in any of the BetaPro Products is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. Please read the full risk disclosure in the prospectus before investing. 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.

Horizons Total Return Index ETFs (“Horizons TRI ETFs”) are generally index-tracking ETFs that use an innovative investment structure known as a Total Return Swap to deliver index returns in a low-cost and tax-efficient manner. Unlike a physical replication ETF that typically purchases the securities found in the relevant index in the same proportions as the index, most Horizons TRI ETFs use a synthetic structure that never buys the securities of an index directly. Instead, the ETF receives the total return of the index through entering into a Total Return Swap agreement with one or more counterparties, typically large financial institutions, which will provide the ETF with the total return of the index in exchange for the interest earned on the cash held by the ETF. Any distributions which are paid by the index constituents are reflected automatically in the net asset value (NAV) of the ETF. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on the cash deposits that can change over time.

*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.

The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

"Standard & Poor's®" and "S&P®" are registered trademarks of Standard and Poor's® Financial Services LLC ("S&P"), "TSX®" is a registered trademark of TSX Inc.("TSX"), and Morningstar® is a registered trademark of Morningstar Research Inc. ("Morningstar"). These marks have been licensed for use by Horizons ETFs Management (Canada) Inc. where applicable. The Horizons Exchange Traded Products are not sponsored, endorsed, sold, or promoted by S&P, TSX, or Morningstar and their affiliated companies and none of these parties make any representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Horizons Exchange Traded Products. All trademarks/service marks are registered by their respective owners. None of the owners thereof or any of their affiliates sponsor, endorse, sell, promote or make any representation regarding the advisability of investing in the Horizons Exchange Traded Products.

The mark and name “Hang Seng High Dividend Yield Index” (the “Index”) is proprietary to Hang Seng Data Services Limited (“HSDS”) which has licensed its compilation and publication to Hang Seng Indexes Company Limited (“HSIL”). HSIL and HSDS have agreed to the use of, and reference to, the Index by Horizons ETFs Management (Canada) Inc. (“the Issuer”) in connection with the Horizons China High Dividend Yield Index ETF (the “Product”). However, neither HSIL nor HSDS warrants, represents or guarantees to any person the accuracy or completeness of the Index, its computation or any information related thereto and no warranty, representation or guarantee of any kind whatsoever relating to the Index is given or may be implied. Neither HSIL nor HSDS accepts any responsibility or liability for any economic or other loss which may be directly or indirectly sustained by any person as a result of or in connection with the use of and/or reference to the Index by the Issuer in connection with the Product, or any inaccuracies, omissions or errors of HSIL in computing the Index. Any person dealing with the Product shall place no reliance whatsoever on HSIL and/or HSDS nor bring any claims or legal proceedings against HSIL and/or HSDS in any manner whatsoever. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker or other person dealing with the Product and HSIL and/or HSDS and must not be construed to have created such relationship. Click here to read more

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We believe in integration and equal opportunity, which is why we are committed to a workplace that is accessible and enables our employees to participate fully. Our policies are designed to keep the recruitment, retention and development of talent impartial and barrier-free. Every employee is expected to contribute to creating and sustaining such a workplace. Horizons ETFs ensures that all individuals are aware of their rights and responsibilities to promote an accessible working environment for persons with disabilities.

Upon request, Horizons ETFs will provide a copy of the policy for those individuals requesting it, in accessible format that takes into account the person’s disability, if any. We welcome and appreciate feedback regarding this policy. To obtain a copy of the policy or to comment on its content, please contact our Human Resources department and the email provided below.

Email: HR@horizonsetfs.com

Mail: Horizons ETFs Management (Canada) Inc.
Attn: Human Resources Department
55 University Avenue, Suite 800
Toronto, Ontario, M5J 2H7

Phone: 416-601-2507

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Pipelines & Energy Services Index ETF

Investment Objective

Daily NAV

Growth of 10K

Annualized Performance*

Calendar Year Performance*

Distributions

Top 10 Holdings

In the media

Regulatory

Education

Distributions

Price and NAV

What is Midstream Oil & Gas

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