ducovest

HFP:CA:TSX-Horizons Active Floating Rate Preferred Share ETF (CAD)

ETF | Preferred Share Fixed Income | Toronto Stock Exchange

Last Closing

CAD 8.99

Change

0.00 (0.00)%

Market Cap

CAD 0.08B

Volume

400.00

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment seeks to generate income consistent with prevailing short-term preferred share yields while stabilizing the market value of the ETF from the effects of interest rate fluctuations.

Company Website : www.horizonsetfs.com

Currency: CAD

Country : Canada

Inception Date: 01/10/2013

Primary Benchmark: S&P/TSX Preferred Share

Primary Index: S&P/TSX Preferred Share TR

Gross Expense Ratio: NA%

Management Expense Ratio: 0.63 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
TD Toronto Dominion Bank 3.46 %
IAF Aberdeen Australia EF Inc 1.88 %
PPL PPL Corporation 1.77 %
ENB Enbridge Inc 1.67 %
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 Preferred Share Fixed Income

Symbol Name Mer Price(Change) Market Cap
ZPR:CA BMO Laddered Preferred Share 0.50 %

-0.01 (-0.10%)

 CAD 1.50B
HPR:CA Horizons Active Preferred Shar.. 0.63 %

+0.02 (+0.24%)

 CAD 1.05B
CPD:CA iShares S&P/TSX Canadian Prefe.. 0.50 %

+0.05 (+0.43%)

 CAD 1.03B
DXP:CA Dynamic Active Preferred Share.. 0.66 %

N/A

 CAD 0.62B
RPF:CA RBC Canadian Preferred Share E.. 0.59 %

+0.06 (+0.30%)

 CAD 0.54B
XPF:CA iShares S&P/TSX North American.. 0.47 %

+0.03 (+0.21%)

 CAD 0.18B
BPRF:CA Brompton Flaherty & Crumrine I.. 0.95 %

N/A

 CAD 0.15B
DIVS:CA Evolve Active Canadian Preferr.. 0.90 %

N/A

 CAD 0.14B
HLPR:CA Horizons Laddered Canadian Pre.. 0.00 %

+0.14 (+0.56%)

 CAD 0.10B
PR:CA Lysander-Slater Preferred Shar.. 1.03 %

+0.07 (+0.77%)

 CAD 0.08B

ETFs Containing HFP:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Preferred Share Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Trailing 12 Months  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Trailing 5 Years  
Capital Gain 9.63% 83% B 48% F
Dividend Return 5.83% 8% B- 25% F
Total Return 15.47% 62% D 44% F
Average Annual (5 Year Horizon)  
Capital Gain 4.69% 92% A 61% D-
Dividend Return 6.05% 92% A 61% D-
Total Return 1.37% 8% B- 43% F
Risk Return Profile  
Volatility (Standard Deviation) 17.07% 77% C+ 49% F
Risk Adjusted Return 35.43% 100% F 64% D
Market Capitalization 0.08B 23% F 25% 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.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:
Below median total returns

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

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.