Facebook

TORONTO – January 26, 2022 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is proud to announce that seven of its exchange-traded funds (“ETFs”) have been awarded a total of eight Fundata FundGrade A+® Awards (“Fundata Awards”) for 2021 – the most Fundata Awards that Horizons ETFs has won in a single year:

ETF Name Fundata Category Category Size
Horizons Global Sustainability Leaders Index ETF (“ETHI”) Global Equity 1127
Horizons Global Sustainability Leaders Index ETF (“ETHI”) RI – Equity 287
Horizons Balanced TRI ETF Portfolio (“HBAL”) Global Equity Balanced 722
Horizons Conservative TRI ETF Portfolio (“HCON”) Global Neutral Balanced 893
Horizons NASDAQ-100® Index ETF (“HXQ”) U.S. Equity 833
Horizons S&P/TSX 60™ Index ETF (“HXT”) Canadian Equity 379
Horizons Pipelines & Energy Services Index ETF (“HOG”) Energy Equity 33
Horizons Active Cdn Municipal Bond ETF (“HMP”) Canadian Short Term Fixed Income 169
 

Created by Fundata Canada Inc., the FundGrade rating system uses risk-adjusted performance figures to rank and grade Canadian investment funds, which include ETFs. Based on up to 10 years of performance data, the ‘A+ Grade’ is strictly a quantitative calculation conducted on an annual basis, which results in a grade score ranking, according to the fund classification standards defined by the Canadian Investment Funds Standards Committee (“CIFSC”).

“I’m happy to announce that from our family of ETFs we’ve won eight Fundata Awards for 2021, which exceeds our previous record of seven ETF awards in 2020,” said Steve Hawkins, President and CEO of Horizons ETFs. “As our list of ETFs with established track records continues to grow, they are earning an increasing amount of recognition for excellence in their respective Fundata categories, and we hope this trend will continue.”

Launched in 2018, ETHI, Horizons ETFs’ first fund focused on the rapidly expanding responsible investing (“RI”) trend, has won its first-ever Fundata Awards. In addition to its FundGrade A+® Award recognition within the Global Equity category, ETHI has also received an RI FundGrade A+® Award within the RI Equity category. The RI FundGrade A+® Award recognizes the top-performing RI funds, which are drawn from a universe that consists only of funds identified as RI funds by the Responsible Investment Association.

For the first time ever, HBAL and HCON, two of Horizons ETFs’ portfolio ETFs, have been recognized by the Fundata Awards for their respective achievements in the Global Equity Balanced and Global Neutral Balanced categories. HBAL seeks to provide long-term capital growth using a balanced portfolio of exchange traded funds while targeting an asset allocation of approximately 70% equity securities and 30% fixed income securities.  HCON also seeks long-term capital growth but targets an asset allocation of approximately 50% equity securities and 50% fixed income securities.

HXT and HXQ also earned Fundata Awards for their respective achievements in the Canadian and U.S. Equity categories. Both ETFs are a part of Horizons ETFs’ corporate class ETF family, a structure which can help provide minimal tracking error, and is potentially more tax-efficient for taxable Canadian investors. HXT has been recognized with a Fundata Award for four consecutive years now, while HXQ has now been recognized for three years in a row.

For a fifth year in a row, Horizons ETFs’ HOG has secured a Fundata Award in the Energy Equity category. HOG is the first Canadian-listed ETF focused exclusively on providing exposure to midstream oil and gas companies, comprised of pipeline and energy services companies with significant operations in Canada.

HMP, another first-of-its-kind ETF in Canada that provides exposure to a portfolio of Canadian municipal bonds actively managed by sub-advisor Fiera Capital Corporation, marks its second year of recognition by the Fundata Awards in the Canadian Short Term Fixed Income category. 

For more information on any of our Fundata Award winning ETFs, please visit us at www.HorizonsETFs.com.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $20 billion of assets under management and 104 ETFs listed on major Canadian stock exchanges.

For all inquiries:
Please contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745
info@horizonsetfs.com

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the “Horizons Exchange Traded Products”) managed by Horizons ETFs Management (Canada) Inc. 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.

FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

The RI FundGrade A+® was designed to recognize the top performing Responsible Investing (RI) funds not just based solely on returns, but using the same risk-adjusted performance measures that make the FundGrade so effective. First, the universe consists only of funds that are identified as RI funds by the Responsible Investing Association (RIA). Second, the funds are split into three categories: 1) Equity, 2) Balanced, and 3) Fixed Income. These categories are based on the high-level CIFSC groupings whereby all the equity categories are combined, all the balanced categories are combined, and all the fixed income categories are combined. This provides a sufficient number of funds in each of the three categories to allow for meaningful comparisons. Only Mutual Funds and Exchange Traded Funds are eligible for the RI FundGrade A+® Award. The RI FundGrade A+® calculation is exactly the same as the monthly FundGrade calculation above, wherein funds are ranked based on Sharpe, Information, and Sortino ratios using up to 10 years of history. The funds with the top overall rankings in each of the Equity, Balanced, and Fixed Income categories at the end of the year are awarded the RI FundGrade A+®.

Horizons Global Sustainability Leaders Index ETF (ETHI)
Horizons ETHI seeks to replicate, to the extent possible, the performance of the Nasdaq Future Global Sustainability Leaders Index, net of expenses. The Nasdaq Future Global Sustainability Leaders Index is designed to provide exposure to the performance of a basket of large-cap equity securities of companies that are global climate change leaders (as measured by their relative carbon efficiency), and are not materially engaged in activities deemed inconsistent with responsible investment considerations. Horizons ETHI seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times.

Performance for ETHI for the period ending December 31, 2021 is as follows: 21.97% (1 year), 29.91% (3 years), and 26.06% (since inception on October 31, 2018). ETHI was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In the Global Equity award category, ETHI was in competition with 1127 other investment funds. In the RI Equity award category, ETHI was in competition with 287 other investment funds.

Horizons Balanced TRI ETF Portfolio (HBAL)
HBAL seeks long-term capital growth using a balanced portfolio of exchange traded funds. HBAL primarily invests in Horizons’ Total Return Index ETFs. The portfolio targets a long-term asset allocation of approximately 70% equity securities and 30% fixed income securities, and rebalances semi-annually to ensure the composition of HBAL reflects a consistent level of balanced risk. HBAL will use currency forwards to hedge its non-Canadian dollar currency exposure to the Canadian dollar at all times.

Performance for HBAL for the period ending December 31, 2021 is as follows: 14.63% (1 year), 16.79% (3 years), and 12.01% (since inception on August 1, 2018). HBAL was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In its award category – Global Equity Balanced – HBAL was in competition with 722 other investment funds.

Horizons Conservative TRI ETF Portfolio (HCON)
HCON seeks moderate long-term capital growth using a conservative portfolio of exchange traded funds. HCON invests primarily in Horizons’ Total Return Index ETFs. The portfolio targets a long-term asset allocation of approximately 50% equity securities and 50% fixed income securities at the time of any rebalance. The portfolio will be rebalanced semi-annually in order to seek a consistent level of conservative risk. HCON will use currency forwards to hedge its non-Canadian dollar currency exposure to the Canadian dollar at all times.

Performance for HCON for the period ending December 31, 2021 is as follows: 9.66% (1 year), 13.34% (3 years), and 10.06% (since inception on August 1, 2018). HCON was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In its award category – Global Neutral Balanced – HCON was in competition with 893 other investment funds.

Horizons NASDAQ-100® Index ETF (HXQ)
HXQ seeks to replicate, to the extent possible, the performance of the NASDAQ 100® Index (Total Return), net of expenses. The NASDAQ 100® Index (Total Return) includes 100 of the largest U.S. and international non-financial companies listed on The NASDAQ Stock Market.

Performance for HXQ for the period ending December 31, 2021 is as follows: 26.19% (1 year), 34.20% (3 years), 26.40% (5 years) and 25.72% (since inception on April 19, 2016). HXQ was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In its award category – U.S. Equity – HXQ was in competition with 833 other investment funds.

Horizons S&P/TSX 60™ Index ETF (HXT)
HXT seeks to replicate, to the extent possible, the performance of the S&P/TSX 60™ Index (Total Return), net of expenses. The S&P/TSX 60™ Index (Total Return) is designed to measure the performance of the large-cap market segment of the Canadian equity market.

Performance for HXT for the period ending December 31, 2021 is as follows: 27.99% (1 year), 18.08% (3 years), 10.79% (5 years) and 8.62% (since inception on September 14, 2010). HXT was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In its award category – Canadian Equity – HXT was in competition with 379 other investment funds.

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

Performance for HOG for the period ending December 31, 2021 is as follows: 34.59% (1 year), 9.98% (3 years), 2.73% (5 years) and 2.73% (since inception on July 14, 2014). HOG was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In its award category – Energy Equity – HOG was in competition with 33 other investment funds.

Horizons Active Cdn Municipal Bond ETF (HMP)
The investment objective of HMP is to seek to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.

Performance for HMP for the period ending December 31, 2021 is as follows: -1.01% (1 year), 2.53% (3 years), 2.12% (5 years) and 1.92% (since inception on August 12, 2015). HMP was awarded its FundGrade A+® Award for the one-year period ending December 31, 2021. In its award category – Canadian Short Term Fixed Income – HMP was in competition with 169 other investment funds.

For more information on the rating system, visit www.Fundata.com/ProductsServices/FundGrade.aspx.

Download PDF

Share This Article

Next article
 

Horizons ETFs Announces January 2022 Distributions for its Covered Call ETFs

This website uses cookies to ensure we give you the best experience. By continuing to browse the site, you are agreeing to our use of cookies. Click here to read our privacy policy.

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.