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Horizons Gold Yield ETF Comm

Toronto: HGY
4.52
+0.03
+0.67%
2018-09-24 9:30 AM EDT
5 Years
  • Open

    4.52

  • Previous Close

    4.49

  • Vol (3-month Avg.)

    3.61K

  • Day's Range

    4.52-4.52

  • 52-week range

    4.40-5.23

  • Net Assets

    17.54M

  • Yield

    4.96%

  • Category

    Commodity

  • Morningstar Risk

    -

Profile

Name of Issuer

Horizons ETFs Management (Canada) Inc

Expenses

-

The fund are to provide Unitholders with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less the ETF’s fees and expenses; (ii) tax-efficient monthly distributions; and (iii) in order to mitigate downside risk and generate income, exposure to a covered call option writing strategy. It seeks to achieve its investment objectives by entering into a forward purchase and sale agreement with a Canadian chartered bank pursuant to which it will gain exposure to the Gold Portfolio.The Gold Portfolio is comprised primarily of exchange-traded funds, which are directly, or indirectly, and only, exposed to gold bullion but may include gold futures contracts from time to time.

Inception

2010-12-17

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