Horizons Conservative Asset Allocation ETF (TSX: HCON)
Canada
· Delayed Price · Currency is CAD | Assets | 45.14M |
| Expense Ratio | 0.22% |
| PE Ratio | 20.82 |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.52% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 52.55% |
| 1-Year Return | +7.14% |
| Volume | 9,652 |
| Open | 13.15 |
| Previous Close | 13.11 |
| Day's Range | n/a |
| 52-Week Low | 11.73 |
| 52-Week High | 13.27 |
| Beta | 1.19 |
| Holdings | 7 |
| Inception Date | Aug 1, 2018 |
About HCON
The fund is a fund-of-funds that aims for long-term capital growth using Horizons Total Return Index ETFs (TRI ETFs). The fund targets a 50% allocation to global equities and 50% allocation to North American government, provincial and corporate fixed income securities. The Canadian securities exposure will be 40% at minimum. HCON generally rebalances semi-annually in January and July wherein a portfolio optimization strategy will be employed to select the weightings of TRI ETFs that maximizes risk-adjusted returns. It is worth noting that the fund invests in TRI ETFs that uses derivatives to provide the returns of the index they track (a synthetic exposure) instead of owning the securities directly. Specifically, it uses Total Return Swaps with one or more bank counterparties. HCON will also use currency forwards at all times to hedge its non-Canadian dollar currency exposure to the Canadian dollar.
Performance
HCON had a total return of 7.14% in the past year. Since the fund's inception, the average annual return has been 4.62%, including dividends.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Horizons Cdn Select Universe Bond ETF | HBB | 35.47% |
| Horizons US 7-10 Year Treasury Bond ETF | HTB | 21.88% |
| Horizons US Large Cap Index ETF | HULC | 19.17% |
| Global X MSCI EAFE ETF | EAFX.NE | 10.75% |
| Horizons S&P/TSX 60 Index ETF | HXT | 8.45% |
| Global X MSCI Emerging Markets ETF | EMMX.NE | 4.14% |
| Cash | n/a | 0.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | 0.030 CAD | Jul 8, 2024 |
| May 31, 2024 | 0.030 CAD | Jun 7, 2024 |
| Apr 29, 2024 | 0.030 CAD | May 7, 2024 |
| Mar 27, 2024 | 0.030 CAD | Apr 5, 2024 |
| Feb 28, 2024 | 0.030 CAD | Mar 7, 2024 |
| Jan 30, 2024 | 0.030 CAD | Feb 7, 2024 |