HORIZONS BETAPRO ETFS
Horizons BetaPro Exchange Traded Funds (HBP ETFs), a unique series of alternative Exchange Traded Funds (ETFs), are designed to help investors achieve their investment goals in all market conditions. HBP ETFs go beyond traditional index funds. HBP Bull Plus ETFs seek to double the daily performance of a market index. HBP Bear Plus ETFs seek twice the daily returns opposite those of an index. Combined, Horizons BetaPro ETFs allow investors to profit or protect in all market environments.
INVESTMENT OBJECTIVE
The Horizons BetaPro S&P/TSX Global Base Metals™ Bear+ ETF (the "HBP S&P/TSX Global Base Metals™ Bear+ ETF") seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P/TSX Global Base Metals Index™. If the HBP S&P/TSX Global Base Metals™ Bear+ ETF is successful in meeting its investment objective, its net asset value should gain approximately twice as much, on a percentage basis, as any decrease in the S&P/TSX Global Base Metals Index™ when the index declines on a given day. Conversely, the HBP S&P/TSX Global Base Metals™ Bear+ ETF's net asset value should lose approximately twice as much, on a percentage basis, as any increase in the index when the index rises on a given day.
PRINCIPAL INVESTMENT STRATEGY
The HBP S&P/TSX Global Base Metals™ Bear+ ETF takes positions in securities and/or other financial instruments that, in combination, should have similar daily return characteristics as two times (200%) the inverse (opposite) of the S&P/TSX Global Base Metals Index™. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, the HBP S&P/TSX Global Base Metals™ Bear+ ETF will employ leverage. Assets not invested in financial instruments may be invested in debt instruments or money market instruments with a term not to exceed 365 days, or reverse repurchase agreements with a term not to exceed 30 days.
TOP TEN INDEX HOLDINGS (JANUARY 31, 2010)
| 1. BHP Billiton PLC | 10.44% | 6. Freeport McMoran | 9.22% | |
|---|---|---|---|---|
| 2. Rio Tinto | 10.30% | 7. Sterlite Industries (India) | 7.92% | |
| 3. BHP Billiton Limited | 10.20% | 8. Alcoa | 7.33% | |
| 4. Cia Vale Do Rio Doce | 9.81% | 9. First Quantum Minerals | 3.38% | |
| 5. Teck Resources | 9.37% | 10. Southern Copper | 2.81% | |
| TOTAL: | 80.78% | |||
ETF SNAPSHOT
| Ticker: | HMD / HMU |
|---|---|
| Inception Date: | January 22, 2008 |
| Cusip: | 44046V113 / 44045U108 |
| Exchange: | TSX |
| Underlying Index: | S&P/TSX Global Base Metals Index |
| Bloomberg Index Ticker: | TXBM |
| Management Fee: | 1.15% |
| RSP and TFSA Eligible: | Yes |
| Portfolio Manager: | ProShare Advisors LLC |
PERFORMANCE (N/A)
| Bear (HMD) | Bull (HMU) | S&P/TSX Global Base Metals Index | |
|---|---|---|---|
| 1 Month | 19.87% | -20.17% | |
| 3 Months | -9.63% | 0.90% | |
| 6 Months | -30.60% | 16.89% | |
| YTD | 19.87% | -20.17% | |
| 1 Year | -71.78% | 97.24% | |
| 3 Years | - | - | |
| 5 Years | - | - | |
| Since Inception | -58.16% | -30.04% |
HISTORICAL RETURNS
The following table shows the cumulative growth of $10,000 initial investment in the fund.
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