Key stats
About HORIZONS ACTIVE ULTRA SHORT TERM IN UNIT CLASS E
Expense ratio
0.46%
Home page
Inception date
Dec 10, 2010
ISIN
CA44051H1082
The fund actively and primarily invests in a portfolio of investment-grade corporate debt securities from Canada. The advisor uses technical, macroeconomic, and fundamental credit research including market trend analysis, competitive analysis, and risk-adjusted-performance in selecting securities and maintaining diversification over industry sectors. In seeking to maximize total returns, the fund may also hold other debt instruments such as Canadian and foreign government bonds, municipal bonds, as well as cash and cash equivalents provided that it will not exceed 40% of the funds NAV. Since the fund is actively managed, allocation and maturity is at the discretion of the manager, but at the same time targets to maintain a portfolio duration of no more than one year. The fund is designed for investors who are seeking to generate income from a diversified portfolio delivering efficient exposure to the potential of ultra-short term investment-grade Canadian debt securities.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate95.45%
Miscellaneous2.17%
Securitized1.61%
Cash0.76%
Government0.05%
Futures−0.04%