HUF
Investment Objective
HUF.U seeks to generate income that is consistent with prevailing U.S. short-term corporate bond yields while reducing the potential effects of U.S. interest rate fluctuations on HUF.U. HUF.U invests primarily in a portfolio of U.S. corporate debt (including debt-like securities) directly, and hedges the portfolio’s U.S. interest rate risk by maintaining a portfolio duration that is not more than one year. HUF.U may also invest in U.S. government debt securities, as well as debt securities of non-U.S. companies. HUF.U may also invest in debt indirectly through investments in securities of other investment funds, including Listed Funds. HUF.U uses derivatives, including interest rate swaps, to deliver a floating rate of income.
Fund Details
Ticker
HUF
Inception Date
September 27, 2013
Net Assets ?
$11,668,238
As at April 01, 2024
Consolidated Prior Day Volume ?
75
For April 05, 2024
Average Daily Trading Volume Over a 12 Month Period ?
75
As at April 05, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.40%
(Plus applicable sales tax)
Management Expense Ratio ?
0.46%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300P2EUBA14VY5145
Distribution Metrics
Annualized Distribution Yield ?
4.76 %
As at March 22, 2024
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
February 29, 2024
Most Recent Distributions Per Unit ?
0.04
Portfolio Investment Metrics
As at February 29, 2024
Weighted Average Duration ?
0.59
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.03
Weighted Average Yield to Maturity ?
4.50%
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 security holder. 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.
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 (%) *
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.
Distributions
Distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. For securityholders who hold the Canadian dollar-traded HUF, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.
Sector Allocation
As at February 29, 2024| Financials | 68.00% |
| Communication | 8.23% |
| Cash & Equivalents | 6.32% |
| Energy | 6.14% |
| Infrastructure | 4.76% |
| Industrial Services | 3.29% |
| Real Estate | 3.01% |
| Securitization | 0.26% |
Credit Ratings
As at February 29, 2024| AAA | 2.69% |
| AA | 0.37% |
| A | 0.77% |
| A- | 39.84% |
| BBB+ | 31.45% |
| BBB | 16.79% |
| BBB- | 4.95% |
| BB+ | 1.19% |
| BB | 1.35% |
| Unrated | 0.61% |
Geographic Exposure
As at February 29, 2024| United States | 63.15% |
| Canada | 36.84% |
| Others | 0.00% |
Education
Regulatory and Legal
Financial Reports
At a Glance
Investment Objective
HUF.U seeks to generate income that is consistent with prevailing U.S. short-term corporate bond yields while reducing the potential effects of U.S. interest rate fluctuations on HUF.U. HUF.U invests primarily in a portfolio of U.S. corporate debt (including debt-like securities) directly, and hedges the portfolio’s U.S. interest rate risk by maintaining a portfolio duration that is not more than one year. HUF.U may also invest in U.S. government debt securities, as well as debt securities of non-U.S. companies. HUF.U may also invest in debt indirectly through investments in securities of other investment funds, including Listed Funds. HUF.U uses derivatives, including interest rate swaps, to deliver a floating rate of income.
Product Facts
Fund Details
Ticker
HUF
Inception Date
September 27, 2013
Net Assets ?
$11,668,238
As at April 01, 2024
Consolidated Prior Day Volume ?
75
ForApril 05, 2024
Average Daily Trading Volume Over a 12 Month Period ?
75
As at April 05, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Sub-Advisor
Management Fee
0.40%
(Plus applicable sales tax)
Management Expense Ratio ?
0.46%
As at June 30, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI ?
549300P2EUBA14VY5145
Distribution Metrics
As at March 22, 2024
Annualized Distribution Yield ?
4.76 %
As at March 22, 2024
12-Month Trailing Yield ?
-- %
Distribution Frequency
Monthly
Record Date
February 29, 2024
Most Recent Distributions Per Unit ?
0.04
Portfolio Investment Metrics
As at February 29, 2024
Weighted Average Duration ?
0.59
Average Credit Quality ?
BBB+
Weighted Average Coupon ?
5.03
Weighted Average Yield to Maturity ?
4.50%
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 security holder. 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.
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.
Performance & Distributions
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.
Distributions
Distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. For securityholders who hold the Canadian dollar-traded HUF, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.
Holdings
Sector Allocation
As at February 29, 2024| Financials | 68.00% |
| Communication | 8.23% |
| Cash & Equivalents | 6.32% |
| Energy | 6.14% |
| Infrastructure | 4.76% |
| Industrial Services | 3.29% |
| Real Estate | 3.01% |
| Securitization | 0.26% |
Credit Ratings
As at February 29, 2024| AAA | 2.69% |
| AA | 0.37% |
| A | 0.77% |
| A- | 39.84% |
| BBB+ | 31.45% |
| BBB | 16.79% |
| BBB- | 4.95% |
| BB+ | 1.19% |
| BB | 1.35% |
| Unrated | 0.61% |
Geographic Exposure
As at February 29, 2024| United States | 63.15% |
| Canada | 36.84% |
| Others | 0.00% |
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