HMMJ is the world's first ETF offering direct exposure to North American-listed securities that have significant business activities in the marijuana industry. This quarter, seven constituents were removed from HMMJ's portfolio:
Deletions
Company | Ticker | Exchange |
AGRA | CSE | |
FIRE | TSX | |
KHRN | TSX-V | |
N-X | TSX-V | |
PCLO | TSX-V | |
SNDL | NASDAQ | |
WMD | TSX-V |
HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. This index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry. 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. Securities within HMMJ's index generally have a market capitalization of greater than
"Despite a strong recovery in Q2 2020 following the market volatility in March,
Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index are generally re-weighted by their respective market capitalization.
The holdings of HMMJ and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMMJ. It is important to note that HMMJ may not hold all of the constituent names in its index. The manager of the HMMJ, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMMJ's index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at
1 | 3 | 6 | YTD | 1 | 3 | Annualized Since | |
HMMJ | -12.74% | -13.57% | -0.09% | -28.42% | -45.73% | -8.28% | -8.26% |
Source: Bloomberg, as at
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. The ETF is not guaranteed, its value changes frequently, and past performance may not be repeated.
HMUS REBALANCE
HMUS is the world's first
This rebalance resulted in four additions and three removals from the portfolio:
Additions
Company | Ticker | Exchange |
4Front Ventures Corp. | FFNT | CSE |
ICanic Brands Company Inc. | ICAN | CSE |
Red White & Bloom Brands Inc. | RWB | CSE |
Tuscan Holdings Corp. | THCAU | NASDAQ |
Deletions
Company | Ticker | Exchange |
Flower One Holdings Inc. | FONE | CSE |
iAnthus Capital Holdings Inc. | IAN | CSE |
Slang Worldwide Inc. | SLNG | CSE |
"The outlook for the
Rebalancing of the US Marijuana Companies Index, and consequently HMUS, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index are generally re-weighted by their respective market capitalization.
The holdings of HMUS and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMUS. It is important to note that HMUS may not hold all of the constituent names in its index. The manager of HMUS, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMUS' index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at
1 | 3 | 6 | YTD | 1 | Annualized Since | |
HMUS | -13.81% | 17.66% | 45.66% | -15.17% | -22.60% | -47.88% |
Source: Bloomberg, as at
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. The ETFs is not guaranteed, its value changes frequently, and past performance may not be repeated.
About
Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise,
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
There are risks associated with this product. HMUS is expected to invest in the Marijuana industry in certain
SOURCE
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