Horizons Active Cdn Dividend ETF - HAL

ETF Overview

The investment objective of the fund is to seek long-term total returns consisting of regular dividend income and modest long-term capital growth.

The ETF invests primarily in equity securities of major North American companies with above average dividend yields.

The ETF, to the best of its ability, seeks to hedge its U.S. currency exposure to the Canadian dollar at all times.

To achieve the ETF's investment objective, the portfolio sub-advisor may also invest up to 10% of its portfolio in fixed income securities such as government bonds, corporate bonds or treasury bills. It is expected that the income earned on the ETF's investments will be used to pay some or all of the ETF's expenses.

Active Management

This fund has an active management mandate ( A minority of ETFs have an active investment management mandate or a degree of active investment management. Full active management involves an investment manager actively managing the fund - deciding which securities to buy/sell, and when etc. However, many 'active' ETFs employ only partial active investment management, not full. ), not passive ( Most ETFs are passively managed - they have no active investment management. Passive ETFs simply try to replicate the returns of an index as closely as possible, such as the S&P/TSX 60 Index. ).

The fund's benchmark ( Most actively managed funds have a benchmark. The fund manager typically aims to exceed the performance of that benchmark. ) is:

S&P/TSX Canadian Dividend Aristocrats Index

Key ETF Data

Fundamentals
Category (main)	Active North American Equity Income
Category (other)	Active Equity
Underlying Index	No Index
ETF Structure	Active management. No index
Asset Class	Equity
Sub-Asset Class	Fixed Income (max 10%)
Region	North American (mostly Canada)
Issuer	Horizons ETFs (Canada)
ETF Home Page	Available here

Fund Facts
Inception Date	Feb 10, 2010
Total Holdings	Unknown
Distribution Frequency	Monthly
Leverage	None
Significant Currency Exposure	Some
Currency Hedging	Yes

Fees
Management Fee	0.70%
Management Expense Ratio (MER)	0.99% *

* 2011 MER

Trading Information
Ticker	HAL
Exchange	TSX (Toronto Stock Exchange)
Currency	CAD

Eligibility
Eligibility *	RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available **	Yes
PACC Plan available **	Yes
SWP available **	Yes

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below: