QQCL
Light Leverage, Big Opportunities
Investment Objective: QQCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of the largest domestic and international, non-financial companies listed on the NASDAQ stock market (currently, the NASDAQ-100® Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, QQCL will be exposed to a dynamic covered call option writing program.
QQCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.
Fund Details
Ticker
QQCL
Inception Date
October 10, 2023
Net Assets ?
$168,147,157
As at April 01, 2025
Consolidated Prior Day Volume ?
83 168
For April 01, 2025
Average Daily Trading Volume Over a 12 Month Period ?
75,320
As at April 01, 2025
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.85%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
No
LEI ?
894500E241KBAK449888
Distribution Metrics
Most Recent Distributions Per Unit
$0.29500
12-Month Trailing Yield ?
12.46 %
Distribution Frequency
Monthly
Record Date
March 31, 2025
Portfolio Investment Metrics
As at February 28, 2025
Average OTM % When Written
14.27%
Percentage of Options OTM by Month End
48.65%
Standard Deviation
0.17%
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 (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons Enhanced NASDAQ-100 Covered Call ETF | -3.17 | 4.74 | 19.66 | 0.62 | 27.94 | -- | -- | -- | 34.15 |
**Fund performance since inception on October 10, 2023, as at February 28, 2025
Calendar Year Performance (%) *
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Enhanced NASDAQ-100 Covered Call ETF |
-- | -- | -- | -- | -- | -- | -- | 41.31 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2025 | 03/31/2025 | 03/31/2025 | 04/07/2025 | 0.295 | — | Monthly |
| 2025 | 02/28/2025 | 02/28/2025 | 03/07/2025 | 0.295 | — | Monthly |
| 2025 | 01/31/2025 | 01/31/2025 | 02/07/2025 | 0.295 | — | Monthly |
| 2024 | 12/31/2024 | 12/31/2024 | 01/08/2025 | 0.25 | — | Monthly |
| 2024 | 11/29/2024 | 11/29/2024 | 12/06/2024 | 0.25 | — | Monthly |
| 2024 | 10/31/2024 | 10/31/2024 | 11/07/2024 | 0.25 | — | Monthly |
| 2024 | 09/27/2024 | 09/27/2024 | 10/07/2024 | 0.25 | — | Monthly |
| 2024 | 08/30/2024 | 08/30/2024 | 09/09/2024 | 0.25 | — | Monthly |
| 2024 | 07/31/2024 | 07/31/2024 | 08/08/2024 | 0.25 | — | Monthly |
| 2024 | 06/28/2024 | 06/28/2024 | 07/08/2024 | 0.25 | — | Monthly |
| 2024 | 05/31/2024 | 05/31/2024 | 06/07/2024 | 0.25 | — | Monthly |
| 2024 | 04/29/2024 | 04/30/2024 | 05/07/2024 | 0.25 | — | Monthly |
| 2024 | 03/27/2024 | 03/28/2024 | 04/05/2024 | 0.25 | — | Monthly |
| 2024 | 02/28/2024 | 02/29/2024 | 03/07/2024 | 0.25 | — | Monthly |
| 2024 | 01/30/2024 | 01/31/2024 | 02/07/2024 | 0.25 | — | Monthly |
| 2023 | 12/28/2023 | 12/29/2023 | 01/08/2024 | 0.25 | — | Monthly |
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.25 | — | Monthly |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.25 | — | Monthly |
Sector Allocation
As at December 31, 2024| Information Technology | 45.98% |
| Consumer Goods | 13.67% |
| Communication Services | 12.30% |
| Health Care | 11.39% |
| Industrial Services | 7.67% |
| Consumer Service | 4.44% |
| Utilities | 1.33% |
| Materials | 1.27% |
| Financials | 1.05% |
| Real Estate | 0.51% |
| Energy | 0.38% |
Geographic Exposure
As at December 31, 2024| United States | 96.78% |
| Netherlands | 1.00% |
| United Kingdom | 0.70% |
| Uruguay | 0.70% |
| Ireland | 0.43% |
| Canada | 0.21% |
| Australia | 0.18% |
Top 10 Holdings
As at April 01, 2025| Security Name | Weight |
|---|---|
| GLOBAL X NASDAQ 100 COVERED CALL ETF/CANADA | 125.87% |
Horizons Enhanced NASDAQ-100 Covered Call ETF (QQCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by QQCL and passed on to the investor, where QQCL and the investment fund it holds provide the same service.
Click here for holdings of the Horizons NASDAQ-100 Covered Call ETF (QQCC)
Holdings
At a Glance
Light Leverage, Big Opportunities
Investment Objective: QQCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of the largest domestic and international, non-financial companies listed on the NASDAQ stock market (currently, the NASDAQ-100® Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, QQCL will be exposed to a dynamic covered call option writing program.
QQCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.
Product Facts
Fund Details
Ticker
QQCL
Inception Date
October 10, 2023
Net Assets ?
$168,147,157
As at April 01, 2025
Consolidated Prior Day Volume ?
83 168
ForApril 01, 2025
Average Daily Trading Volume Over a 12 Month Period ?
75,320
As at April 01, 2025
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.85%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
No
LEI ?
894500E241KBAK449888
Distribution Metrics
As at April 01, 2025
Most Recent Distributions Per Unit
0.295
12-Month Trailing Yield ?
12.46 %
Distribution Frequency
Monthly
Record Date
March 31, 2025
Portfolio Investment Metrics
As at February 28, 2025
Average OTM % When Written
14.27%
Percentage of Options OTM by Month End
48.65%
Standard Deviation
0.17%
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 (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons Enhanced NASDAQ-100 Covered Call ETF | -3.17 | 4.74 | 19.66 | 0.62 | 27.94 | -- | -- | -- | 34.15 |
**Fund performance since inception on October 10, 2023, as at February 28, 2025
Calendar Year Performance (%)
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Enhanced NASDAQ-100 Covered Call ETF | -- | -- | -- | -- | -- | -- | -- | 41.31 |
Distributions
| Year | Ex-Dividend Date | Record Date | Payment Date | Payment Amount | Reinvested Non-Cash Distributions | Distribution Period |
|---|---|---|---|---|---|---|
| 2025 | 03/31/2025 | 03/31/2025 | 04/07/2025 | 0.295 | Monthly | |
| 2025 | 02/28/2025 | 02/28/2025 | 03/07/2025 | 0.295 | Monthly | |
| 2025 | 01/31/2025 | 01/31/2025 | 02/07/2025 | 0.295 | Monthly | |
| 2024 | 12/31/2024 | 12/31/2024 | 01/08/2025 | 0.25 | Monthly | |
| 2024 | 11/29/2024 | 11/29/2024 | 12/06/2024 | 0.25 | Monthly | |
| 2024 | 10/31/2024 | 10/31/2024 | 11/07/2024 | 0.25 | Monthly | |
| 2024 | 09/27/2024 | 09/27/2024 | 10/07/2024 | 0.25 | Monthly | |
| 2024 | 08/30/2024 | 08/30/2024 | 09/09/2024 | 0.25 | Monthly | |
| 2024 | 07/31/2024 | 07/31/2024 | 08/08/2024 | 0.25 | Monthly | |
| 2024 | 06/28/2024 | 06/28/2024 | 07/08/2024 | 0.25 | Monthly | |
| 2024 | 05/31/2024 | 05/31/2024 | 06/07/2024 | 0.25 | Monthly | |
| 2024 | 04/29/2024 | 04/30/2024 | 05/07/2024 | 0.25 | Monthly | |
| 2024 | 03/27/2024 | 03/28/2024 | 04/05/2024 | 0.25 | Monthly | |
| 2024 | 02/28/2024 | 02/29/2024 | 03/07/2024 | 0.25 | Monthly | |
| 2024 | 01/30/2024 | 01/31/2024 | 02/07/2024 | 0.25 | Monthly | |
| 2023 | 12/28/2023 | 12/29/2023 | 01/08/2024 | 0.25 | Monthly | |
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.25 | Monthly | |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.25 | Monthly |
Holdings
Sector Allocation
As at December 31, 2024| Information Technology | 45.98% |
| Consumer Goods | 13.67% |
| Communication Services | 12.30% |
| Health Care | 11.39% |
| Industrial Services | 7.67% |
| Consumer Service | 4.44% |
| Utilities | 1.33% |
| Materials | 1.27% |
| Financials | 1.05% |
| Real Estate | 0.51% |
| Energy | 0.38% |
Geographic Exposure
As at December 31, 2024| United States | 96.78% |
| Netherlands | 1.00% |
| United Kingdom | 0.70% |
| Uruguay | 0.70% |
| Ireland | 0.43% |
| Canada | 0.21% |
| Australia | 0.18% |
Top 10 Holdings
As at April 01, 2025| Security Name | Weight |
|---|---|
| GLOBAL X NASDAQ 100 COVERED CALL ETF/CANADA | 125.87% |
Horizons Enhanced NASDAQ-100 Covered Call ETF (QQCL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by QQCL and passed on to the investor, where QQCL and the investment fund it holds provide the same service.
Click here for holdings of the Horizons NASDAQ-100 Covered Call ETF (QQCC)
Holdings
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