TORONTO – February 5, 2021 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) today announced changes to the risk ratings applicable to three of its ETFs. The changes in risk ratings are effective immediately and detailed in the table below:
| ETF | Ticker | Previous Risk Rating | New Risk Rating |
| Horizons Active Preferred Share ETF | HPR | Low to Medium | Medium |
| Horizons Active A.I. Global Equity ETF | MIND | Low to Medium | Medium |
| Horizons Active Floating Rate Preferred Share ETF | HFP | Low to Medium | Medium |
These changes are the result of an annual review conducted in accordance with a standardized investment risk classification methodology, set out in National Instrument 81-102 Investment Funds, that is based on the historical volatility of the ETF as measured by the 10-year standard deviation of the returns of the ETF. If an ETF has less than 10 years of performance history, the investment risk level of the ETF is calculated using the return history of the ETF and, for the remainder of the 10 year period, the return history of a reference index that is expected to reasonably approximate the standard deviation of the ETF.
No changes have been made to the investment objectives or strategies of these ETFs as a result of the changes to the risk ratings. A summary of the risk rating classification methodology, investment objectives and strategies of an ETF can be found in the ETF’s most recently filed prospectus.
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 $17.5 billion of assets under management and 94 ETFs listed on major Canadian stock exchanges.
For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745
[email protected]
For media inquiries:
Contact Jonathan McGuire
Corporate Communications Manager
Horizons ETFs Management (Canada) Inc.
(416) 640-2956
[email protected]
Categories: Press Releases