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Horizons ETFs adds to suite of One-Ticket-Solution ETFs


Horizons ETFs is launching Horizons Growth TRI ETF Portfolio (HGRO), an all-equity “ETF of ETFs” portfolio that will be the third offering within its One-Ticket-Solution ETFs line-up. Units of the ETF will trade on the Toronto Stock Exchange (“TSX”), under the ticker symbol HGRO.

HGRO is the latest One-Ticket-Solution ETF portfolio of ETFs from Horizons ETFs; joining the Horizons Conservative TRI ETF Portfolio (HCON) and the Horizons Balanced ETF Portfolio (HBAL), which were launched in 2018. Like HCON and HBAL, HGRO will only hold ETFs that are part of Horizons ETFs’ Total Return Index (TRI) suite of ETFs.
HGRO seeks long-term capital growth by investing in a growth portfolio consisting primarily of equity TRI ETFs. The portfolio targets a long-term asset allocation of at least 99 per cent equity securities at the time of any rebalance, and the portfolio will be rebalanced semi-annually in order to seek a consistent level of risk from developed countries around the world.
The equity components will only include TRI ETFs that offer exposure to North American and other global equities, and seek a “world” equity return. Generally, no less than 15 per cent of HGRO’s portfolio will be exposed to Canadian equity securities as at each semi-annual rebalance.
“While mutual funds may have historically dominated the one-ticket-solution investing space, commonly referred to as balanced funds or fund-of-funds, today’s Canadian marketplace is seeing significant demand from retail and institutional investors for one-ticket ETF solutions,” says Steve Hawkins, President and CEO of Horizons ETFs. “HGRO is an equity-focused ETF that provides broad global equity exposure, with the added benefits of using our TRI ETFs, which have low index replication tracking error in a low fee structure.”
Investors in HGRO are not subject to any direct management fees or operating costs. HGRO has no direct management fee, and Horizons ETFs pays all of the operating and administrative expenses incurred directly by HGRO. However, HGRO will indirectly pay the management fees and trading expenses of the TRI ETFs it holds.
Based on the historical management expense ratio of the portfolio of TRI ETFs held by HGRO, the total management expense ratio of HGRO is expected to be 0.17 per cent, and will not exceed 0.19 per cent, at any rebalance.
Based on the historical trading expense ratio of the TRI ETFs currently held by HGRO, the aggregate underlying trading expense ratio of the portfolio of TRI ETFs held by HGRO is expected to be 0.28 per cent. As trading expense ratios include expenses outside of the control of Horizons ETFs, the trading expense ratio of the portfolio of TRI ETFs held by HGRO is subject to change.
HGRO has closed its initial offering of units and will begin trading today on the TSX when the market opens this morning.

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