Horizons Marijuana Life Sciences Index ETF (2022)

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(Video) Horizons Marijuana Life Sciences Index ETF (HMMJ:TSX)

Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the “Horizons Exchange Traded Products”). The Horizons Exchange Traded Products are not guaranteed, their value changes frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF(s) or future returns on investment in the ETF(s). Only the returns for periods of one year or greater are annualized returns.

(Video) HMMJ - Horizons Marijuana Life Sciences Index ETF

The Horizons Exchange Traded Products include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in shares of a BetaPro Product decreases in value.

The BetaPro Products consist of our Daily Bull and Daily Bear ETFs (“Leveraged and Inverse Leveraged ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the Leveraged and Inverse Leveraged ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The Leveraged and Inverse Leveraged ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their respective prospectuses. Each Leveraged and Inverse Leveraged ETF seeks a return, before fees and expenses, that is either up to, or equal to, either 200% or –200% of the performance of a specified underlying index, commodity futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its Target. Due to the compounding of daily returns a Leveraged and Inverse Leveraged ETF’s or Inverse ETF’s returns over periods other than one day will likely differ in amount and, particularly in the case of the Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period. For certain Leveraged and Inverse Leveraged ETFs that seek up to 200% or up to or -200% leveraged exposure, the Manager anticipates, under normal market conditions, managing the leverage ratio as close to two times (200%) as practicable however, the Manager may, at its sole discretion, change the leverage ratio based on its assessment of the current market conditions and negotiations with the respective ETF’s counterparties at that time. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 10.00% and 45.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager publishes on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions.

(Video) HMMJ - HORIZONS MARIJUANA LIFE SCIENCES INDEX ETF REVIEW

The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. BetaPro Bitcoin ETF (“HBIT”), and BetaPro Inverse Bitcoin ETF (“BITI”), which are a 1X ETF, and an up to -1X ETF, respectively, as described in the prospectus, are speculative investment tools that are not conventional investments. Their Target, an index which replicates exposure to rolling Bitcoin Futures and not the spot price of Bitcoin, is highly volatile. As a result, neither ETF is intended as a stand-alone investment. There are inherent risks associated with products linked to crypto-assets, including Bitcoin Futures. While Bitcoin Futures are traded on a regulated exchange and cleared by regulated central counterparties, direct or indirect exposure to the high level of risk of Bitcoin Futures will not be suitable for all types of investors. An investment in any of the BetaPro Products is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. Please read the full risk disclosure in the prospectus before investing. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies.

Horizons Total Return Index ETFs (“Horizons TRI ETFs”) are generally index-tracking ETFs that use an innovative investment structure known as a Total Return Swap to deliver index returns in a low-cost and tax-efficient manner. Unlike a physical replication ETF that typically purchases the securities found in the relevant index in the same proportions as the index, most Horizons TRI ETFs use a synthetic structure that never buys the securities of an index directly. Instead, the ETF receives the total return of the index through entering into a Total Return Swap agreement with one or more counterparties, typically large financial institutions, which will provide the ETF with the total return of the index in exchange for the interest earned on the cash held by the ETF. Any distributions which are paid by the index constituents are reflected automatically in the net asset value (NAV) of the ETF. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on the cash deposits that can change over time.

(Video) Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ) Largest Cannabis Asset Management Company

Horizons TRI ETFs include ETFs that use physical replication instead of a total return swap to gain exposure to their benchmark index. These ETFs are a class of shares in a corporate class structure that allows the ETF to deliver its returns in a tax-efficient manner. With this structure, the ETF will receive the total return of the Index (less any withholding tax payable on constituent distributions if applicable), which is reflected in the NAV of the ETF. However, investors are not expected to receive any taxable distributions from these ETFs. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on a cash deposit that can change over time.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products (the “Horizons Exchange Traded Products”) managed by Horizons ETFs Management (Canada) Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

(Video) Horizons Marijuana Life Sciences Index ETF (HMMJ) Update

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(Video) Horizons Marijuana Life Sciences Index ETF (HMMJ)

FAQs

Does HMMJ pay a dividend? ›

Dividend Payable Date: The date on which the next dividend is estimated to be paid. Dividend Payout Ratio: Latest dividend payout is the % of net income paid to stockholders in dividends.
...
HMMJ.TO Dividends.
DateValue
03/30/21$0.0343
12/30/20$0.0169
09/29/20$0.1075
06/29/20$0.1884
13 more rows

What companies are in HMMJ? ›

Top 25 Holdings
SymbolName% Weight
JAZZJazz Pharmaceuticals PLC15.15%
CRON.TOCronos Group Inc13.10%
SMGThe Scotts Miracle Gro Co12.00%
TLRY.TOTilray Brands Inc10.77%
21 more rows

What is Hmlsf? ›

HMLSF - Horizons Marijuana Life Sciences Index ETF.

Is HMMJ a good ETF? ›

The HMMJ ETF is down 75% from record highs

ETF investing is a great way to diversify your risk as they provide a basket of stocks for you to invest in. The HMMJ is one of the top marijuana ETFs and is trading at $6.43, which is 75% below its record high.

Are ETF better than stocks? ›

Advantages of investing in ETFs

ETFs tend to be less volatile than individual stocks, meaning your investment won't swing in value as much. The best ETFs have low expense ratios, the fund's cost as a percentage of your investment. The best may charge only a few dollars annually for every $10,000 invested.

Should I buy HMMJ stock? ›

At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Is Hmlsf a good buy? ›

Horizons Medical Marijuana Life Sciences holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Should I buy HMMJ stock? ›

At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Do ETF's pay dividends? ›

They may pay in cash or in additional shares of the ETF. So, ETFs pay dividends, if any of the stocks held in the fund pay dividends.

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Horizons Marijuana Life Sciences Index ETF (HMMJ ) is the world’s first marijuana ETF and provides exposure to the performance of the North American Marijuana Index.. The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis.. Horizons Marijuana Life Sciences Index ETF (HMMJ ) is the world’s first marijuana ETF and provides exposure to the performance of the North American Marijuana Index.. 20142015201620172018201920202021Horizons Marijuana Life Sciences Index ETF---------26.17-30.420.71-18.48North American Marijuana Index (Total Return)---------30.74-28.1023.00-24.73. Share This Section. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the “Horizons Exchange Traded Products”).. The BetaPro Products consist of our Daily Bull and Daily Bear ETFs (“Leveraged and Inverse Leveraged ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”).. Included in the Leveraged and Inverse Leveraged ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively.. Due to the compounding of daily returns a Leveraged and Inverse Leveraged ETF’s or Inverse ETF’s returns over periods other than one day will likely differ in amount and, particularly in the case of the Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period.. For certain Leveraged and Inverse Leveraged ETFs that seek up to 200% or up to or -200% leveraged exposure, the Manager anticipates, under normal market conditions, managing the leverage ratio as close to two times (200%) as practicable however, the Manager may, at its sole discretion, change the leverage ratio based on its assessment of the current market conditions and negotiations with the respective ETF’s counterparties at that time.. BetaPro Bitcoin ETF (“HBIT”), and BetaPro Inverse Bitcoin ETF (“BITI”), which are a 1X ETF, and an up to -1X ETF, respectively, as described in the prospectus, are speculative investment tools that are not conventional investments.. Horizons Total Return Index ETFs (“Horizons TRI ETFs”) are generally index-tracking ETFs that use an innovative investment structure known as a Total Return Swap to deliver index returns in a low-cost and tax-efficient manner.. Instead, the ETF receives the total return of the index through entering into a Total Return Swap agreement with one or more counterparties, typically large financial institutions, which will provide the ETF with the total return of the index in exchange for the interest earned on the cash held by the ETF.. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions.. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap.

This marijuana ETF has a few flaws you should know about.

The Horizons Marijuana Life Sciences Index ETF ( HMMJ 2.50%) ( HMLSF 3.40%) is often said to be the "better" marijuana ETF, since it focuses on companies that make their money largely from medicinal uses of marijuana.. But a deeper dive reveals that while Horizons Marijuana Life Sciences Index ETF may be more focused, it isn't necessarily a clear-cut "set and forget" weed ETF.. The Horizons Marijuana Life Sciences Index ETF seeks to replicate the returns of the North American Medical Marijuana Index, an index that generally includes companies located in Canada (74% of the fund), the United States (16%), and Great Britain (10%).. but with so few stocks to choose from, marijuana ETFs can't afford to be too picky, lest they limit themselves to only a handful of stocks to put in their portfolios.. The ETF currently owns 28 different stocks, but the majority of the ETF's value comes from just the top five largest holdings.. Horizons Marijuana Life Sciences Index ETF is only available over the counter (OTC) in the United States or on Canadian stock exchanges.. To be sure, this isn't a failure of the Horizons Marijuana Life Sciences Index ETF, per se; the ETF is doing what index funds are supposed to do, which is to invest in everything in a defined universe of stocks, the good and the bad.. Horizons Marijuana Life Sciences Index ETF now ranks in the top 10% of ETFs by size in Canada, with $528 million in assets, according to ETF analyst Eric Balchunas.. Together with the ETFMG Alternative Harvest ETF, these two ETFs could soon have more than $1 billion of assets invested in a small industry largely made up of companies with microscopic valuations.. This leads to a really interesting thought: With so much speculative money flowing into marijuana ETFs, the companies that aren't large enough to be included in marijuana ETFs may be better bargains than the companies that are already in.

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Investment Manager. Investment Manager. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk.. Each Inverse ETF seeks a return that is –100% of the performance of its Target.. BetaPro Bitcoin ETF (“HBIT”), and BetaPro Inverse Bitcoin ETF (“BITI”), which are a 1X ETF, and an up to -1X ETF, respectively, as described in the prospectus, are speculative investment tools that are not conventional investments.. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions.. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap.

TORONTO, July 10, 2020 /CNW/ - Horizons ETFs Management Inc. has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF  and... | September 10, 2022

TORONTO, July 10, 2020 /CNW/ -Horizons ETFs Management (Canada) Inc. (" Horizons ETFs ") has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF (" HMMJ ":TSX) and the Horizons US Marijuana Index ETF (" HMUS ":NEO).. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the marijuana industry.. Horizons ETFs may, through the use of a stratified sampling, invest HMMJ in securities that closely match the investment characteristics of its index, provided they are consistent with the ETF's investment objectives and strategies.. Performance Update as at June 30, 2020*. HMUS is the world's first U.S.-focused marijuana index ETF.. "Similar to what we saw in Canada during Q2 2020, U.S. cannabis companies, as represented by HMUS, saw strong investor conviction in April and May, while June saw the return of volatility," said Mr. Hawkins.. Horizons ETFs may, through the use of a stratified sampling, invest HMUS in securities that closely match the investment characteristics of its index, provided they are consistent with the ETF's investment objectives and strategies.. Performance Update as at June 30, 2020*. US Marijuana Companies Index. About Horizons ETFs Management (Canada) Inc. ( www.HorizonsETFs.com ). Horizons ETFs has over $13.5 billion of assets under management and 92 ETFs listed on major Canadian stock exchanges.. The indicated rates of return are the historical annual compounded total returns, including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.

(2022-04-08 | TSX:HMMJ) HORIZONS ETFs REBALANCES MARIJUANA-FOCUSED INDEX ETFS

This quarter, two companies were added to the North American Marijuana Index (the " HMMJ Index ") and the HMMJ portfolio:. Horizons ETFs, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of the HMMJ Index, provided they are consistent with HMMJ's investment objectives and strategies.. Performance Update as at March 31, 2022*. HMUS is the world's first U.S.-focused marijuana index ETF.. Performance Update as at March 31, 2022*. Commissions, management fees and expenses all may be associated with an investment in Horizons US Marijuana Index ETF and the Horizons Marijuana Life Sciences Index ETF (the " ETFs ") managed by Horizons ETFs Management (Canada) Inc.. SOURCE Horizons ETFs Management (Canada) Inc.

Videos

1. Horizons Marijuana Life Sciences Index ETF (HMMJ) Update
(KRS Investments)
2. HORIZONS MARIJUANA LIFE SCIENCES INDEX ETF vs. CANNABIS STOCK
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3. Interview with Steve Hawkins- World's First Marijuana ETF - Horizons Medical Marijuana Life Sciences
(InvestorIdeas.com - news that inspires big ideas)
4. Horizons ETFs Management Inc (TSE:HMMJ) Launches US-Focused Horizons US Marijuana Index (NEO:HMUS)
(Midas Letter)
5. Horizons US Marijuana Index ETF (HMUS:NEO)
(Horizons ETFs)
6. Cannabis is Going to Take a Big Bite Out of Alcohol Sales, Says Horizons ETF CEO
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