ducovest

HAF:CA:TSX-Horizons Active Global Fixed Income ETF (CAD)

ETF | Global Fixed Income | Toronto Stock Exchange

Last Closing

CAD 7.29

Change

+0.03 (+0.41)%

Market Cap

CAD 0.04B

Volume

8.64K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment objectives of Horizons HAF are to seek to provide holders of Units (?Unitholders?) with: (i) a stable stream of monthly distributions; and (ii) the opportunity for capital appreciation through a tactical asset allocation strategy that includes managing the duration and yield of its exposure to fixed income and fixed income-like securities according to the prevailing interest rate environment.

Company Website : www.horizonsetfs.com

Currency: CAD

Country : Canada

Inception Date: 20/07/2009

Primary Benchmark: ICE BofAML Canada Corporate

Primary Index: Barclays Global Aggregate TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.82 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-27 )

Largest Industry Peers for Global Fixed Income

Symbol Name Mer Price(Change) Market Cap
PMIF:CA PIMCO Monthly Income ETF 0.85 %

N/A

 CAD 2.26B
FGO:CA CI Enhanced Government Bond ET.. 0.97 %

N/A

 CAD 0.73B
BND:CA Purpose Global Bond Fund Serie.. 0.48 %

N/A

 CAD 0.61B
FLGA:CA Franklin Global Aggregate Bond.. 0.39 %

N/A

 CAD 0.34B
XSE:CA iShares Conservative Strategic.. 0.56 %

N/A

 CAD 0.13B
MGB:CA Mackenzie Core Plus Global Fix.. 0.67 %

N/A

 CAD 0.11B
XSC:CA iShares Conservative Short Ter.. 0.45 %

N/A

 CAD 0.06B
ZMSB:CA BMO Sustainable Global Multi-S.. 0.67 %

N/A

 CAD 0.05B
PMNT:CA PIMCO Global Short Maturity Fu.. 0.00 %

N/A

 CAD 0.04B
PLDI:CA PIMCO Low Duration Monthly Inc.. 0.00 %

N/A

 CAD 2.03M

ETFs Containing HAF:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Global Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 0.69% 82% B 30% F
Dividend Return 1.33% 100% F 61% D-
Total Return 2.02% 100% F 33% F
Trailing 12 Months  
Capital Gain -3.83% 9% A- 25% F
Dividend Return 3.40% 60% D- 60% D-
Total Return -0.42% 9% A- 26% F
Trailing 5 Years  
Capital Gain -7.02% 64% D 32% F
Dividend Return 7.81% 45% F 40% F
Total Return 0.79% 64% D 31% F
Average Annual (5 Year Horizon)  
Capital Gain -1.54% 91% A- 34% F
Dividend Return -0.28% 91% A- 33% F
Total Return 1.26% 45% F 40% F
Risk Return Profile  
Volatility (Standard Deviation) 5.95% 45% F 83% B
Risk Adjusted Return -4.71% 91% A- 32% F
Market Capitalization 0.04B 18% F 20% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.