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 Agribusiness North America™ Bear+ ETF ("HBP S&P Agribusiness™ 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 Agribusiness North America Index™. If the HBP S&P Agribusiness™ Bear+ ETF is successful in meeting its investment objective, its net asset value should gain approximately two times as much, on a percentage basis, as the S&P Agribusiness North America Index™, when the S&P Agribusiness North America Index™ declines on a given day. Conversely, the HBP S&P Agribusiness™ Bear+ ETF's net asset value should lose approximately two times as much, on a percentage basis, as the S&P Agribusiness North America Index™ when the S&P Agribusiness North America Index™ rises on a given day.
PRINCIPAL INVESTMENT STRATEGY
The HBP S&P Agribusiness™ Bear+ ETF invests in financial instruments and/or securities that, in combination, should have similar daily return characteristics as two times (200%) the inverse (opposite) of the daily performance of the S&P Agribusiness North America 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 Agribusiness™ Bear+ ETF will employ leverage. Assets not invested in financial instruments and/or securities 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. Monsanto Company | 10.00% | 6. Mosaic Company | 7.14% | |
|---|---|---|---|---|
| 2. BRF - Brasil Foods S.A. | 9.53% | 7. Syngenta AG | 6.68% | |
| 3. Archer Daniels Midland | 8.86% | 8. Deere & Co. | 6.25% | |
| 4. Potash Corp. of Saskatchewan | 8.19% | 9. Tyson Foods | 5.42% | |
| 5. Bunge Ltd. | 8.18% | 10. Hormel Foods Corp. | 5.29% | |
| TOTAL: | 75.54% | |||
ETF SNAPSHOT
| Ticker: | HAD / HAU |
|---|---|
| Inception Date: | March 11, 2008 |
| Cusip: | 44047A100 / 44046X101 |
| Exchange: | TSX |
| Underlying Index: | S&P Agribusiness North America Index |
| Bloomberg Index Ticker: | SPAENACP |
| Management Fee: | 1.15% |
| RSP and TFSA Eligible: | Yes |
| Portfolio Manager: | ProShare Advisors LLC |
PERFORMANCE (N/A)
| Bear (HAD) | Bull (HAU) | S&P Agribusiness North America Index | |
|---|---|---|---|
| 1 Month | 7.43% | -8.18% | |
| 3 Months | -12.74% | 10.62% | |
| 6 Months | -6.57% | -2.58% | |
| YTD | 7.43% | -8.18% | |
| 1 Year | -12.23% | -15.22% | |
| 3 Years | - | - | |
| 5 Years | - | - | |
| Since Inception | 39.82% | -54.83% |
HISTORICAL RETURNS
The following table shows the cumulative growth of $10,000 initial investment in the fund.
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