Key stats
About HORIZONS RESOLVE ADPTV ASSET ALLOC ETF
Expense ratio
1.45%
Home page
Inception date
Jul 30, 2020
ISIN
CA44055V1031
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%.
Classification
What's in the fund
Exposure type
ETF
Government
Cash
Bonds, Cash & Other100.00%
ETF44.09%
Government34.56%
Cash19.52%
Futures1.83%