Horizons ReSolve Adaptive Asset Allocation ETF (TSX: HRAA)
Canada
· Delayed Price · Currency is CAD | Assets | 85.17M |
| Expense Ratio | 1.45% |
| PE Ratio | 10.99 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| 1-Year Return | +8.34% |
| Volume | 501 |
| Open | 12.10 |
| Previous Close | 12.03 |
| Day's Range | n/a |
| 52-Week Low | 10.87 |
| 52-Week High | 12.10 |
| Beta | 0.17 |
| Holdings | 69 |
| Inception Date | Jul 30, 2020 |
About HRAA
The fund provides an adaptive asset allocation to major asset classes by combining strategies such as risk parity, systematic long/short global macro, and dynamic tail protection. The exposure to global securities will mainly be through futures and forwards. The Sub-advisor employs a systematic global macro strategy, using machine learning to create a portfolio that highlights total return momentum, seasonal patterns, carry measures, and mean reversion while maximizing diversification-based estimates of volatility and correlations. A risk parity strategy is also applied to ensure that each asset class contributes an equal amount of risk to the portfolio, as well as a tail risk protection that long /short volatility futures to help protect against very large and rapid market selloffs. HRAA targets low correlation to broader equity and fixed income markets and an average annualized volatility level at or below 12%. HRAA may employ leverage of up to 300%.
Performance
HRAA had a total return of 8.34% in the past year. Since the fund's inception, the average annual return has been 4.51%, including dividends.
Top 10 Holdings
102.30% of assets| Name | Symbol | Weight |
|---|---|---|
| Horizons 0-3 Month T-Bill ETF | CBIL | 40.53% |
| Canada (Government of) | CTB 0 09.27.01 | 35.65% |
| Merchant West SCI Cautious Fund B | CPCAUFB.JO | 24.67% |
| Mill Wheat Euro | n/a | 0.40% |
| Euro Bund Future June 24 | n/a | 0.33% |
| Cash | n/a | 0.19% |
| Euro Bobl Future June 24 | n/a | 0.15% |
| Cac40 Euro Index Future (Eop) | n/a | 0.15% |
| Japanese Yen Ccy Future (Cme) | n/a | 0.12% |
| Coffee 'c' Future (Nyb) | n/a | 0.10% |