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Horizons Active Ultra-Short Term US Investment Grade Bond ETF

HUF.U

Annualized Distribution Yield

As at March 22, 2024

4.76%

Reasons to Consider HUF.U

Higher yields associated with U.S. Corporate Bonds

HUF.U is a U.S. dollar-denominated corporate bond ETF designed to generate income that is consistent with prevailing U.S. short-term corporate bond yields while stabilizing the market value of the ETF from the effects of U.S. interest rate fluctuations to generally maintain a portfolio duration of less than one year.

Market Value Stability

By focusing on floating-rate bonds, HUF.U seeks to stabilize the market value of the ETF from the effects of U.S. interest rate fluctuations, potentially mitigating downside risk associated with interest rate changes.

Industry and Growth Prospects

High-quality, investment-grade U.S. corporate bonds selected for inclusion in HUF.U's portfolio are chosen based on Fiera Capital's view on their industry and growth prospects, allowing for strategic positioning within sectors with promising growth potential.

Price

$0.00

$0.00

0.00%

Annualized Distribution Yield

4.76%

Risk Rating:

Low

Product Details

Fund Details

Ticker

HUF.U

CUSIP

44051R114

Inception Date

February 14, 2012

Net Assets

$11,668,238 As at April 1, 2024

Consolidated Prior Day Volume

500

Average Daily Trading Volume Over a 12 Month Period

3,677

Exchange

Toronto Stock Exchange

Investment Manager

Horizons ETFs Management (Canada) Inc

Sub-Advisor

Fiera Capital Corporation

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.40% (Plus applicable sales tax)

Currency

USD

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 February 29, 2024

Most Recent Distributions per Unit

$0.04000

Annualized Distribution Yield

4.76%

Distribution Frequency

Monthly

Record Date

February 29, 2024

Price and NAV

Closing Price

$10.11

Outstanding Shares

1,175,962

Portfolio Investment Metrics

As at February 29, 2024

Weighted Average Duration

0.59

Weighted Average Coupon

5.03

Weighted Average Yield to Maturity

4.50

Annualized Performance (%)

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Horizons Active Ultra-Short Term US Investment Grade Bond ETF - - - - - - - -

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
February 28, 2024 February 29, 2024 March 7, 2024 0.04000 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.04000 Monthly

Top Sector Allocations

As at February 29, 2024

Category

Weight

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%

Holdings are subject to change.

Top Credit Ratings

As at February 29, 2024

Category

Weight

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%

Holdings are subject to change.

Top Geographic Exposure

As at February 29, 2024

Category

Weight

United States

63.15%

Canada

36.84%

Others

%

Holdings are subject to change.

Top Holdings

As at February 29, 2024

Security Name

Weight

Wells Fargo & Co - Pfd

10.30%

Manulife Financial Corp 4.06% 24-Feb-2027

9.36%

JPMorgan Chase & Co 2.08% 22-Apr-2025

7.93%

Bank of America Corp 5.20% 25-Apr-2028

6.22%

Morgan Stanley 5.45% 20-Jul-2028

4.13%

Goldman Sachs Group Inc 3.69% 05-Jun-2027

3.94%

Citigroup Inc - Pfd

3.54%

Verizon Communications Inc 2.36% 15-Dec-2031

3.41%

NATIONAL BANK OF CANADA 5.60% 18-Dec-2028

2.51%

Canadian Imperial Bank Commrce 5.00% 28-Mar-2028

2.16%

Holdings are subject to change.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses 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 Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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