16:59:33 EDT Sun 09 Aug 2020
Enter Symbol
or Name
USA
CA



Horizons US Marijuana Index ETF (2)
Symbol HMUS
Shares Issued 1,279,257
Close 2020-07-09 C$ 12.15
Recent Sedar Documents

Horizons Marijuana ETFs complete quarterly rebalance

2020-07-10 12:00 ET - News Release

See News Release (C-HMMJ) Horizons Marijuana Life Sciences Index ETF

Mr. Steve Hawkins of Horizons ETFs reported

HORIZONS ETFS REBALANCES MARIJUANA-FOCUSED INDEX ETF SUITE

Horizons ETFs Management (Canada) Inc. has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF and the Horizons U.S. Marijuana Index ETF.

ABOUT HMMJ

HMMJ is the world's first ETF that offered direct exposure to businesses with activities in the marijuana industry. This quarter, two constituents were added to HMMJ's portfolio:

Additions Company Name TickerExchange Agraflora Organics International Inc. AGRA Canadian Securities Exchange CBDMD Inc. YCBD New York Stock Exchange

HMMJ 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 C$75 million.

"Following volatility that impacted nearly all asset classes across global markets in March, marijuana companies saw a strong recovery in the first two months of Q2 2020. HMMJ was up more than 15% for the three months ending at June 30, 2020," said Steve Hawkins, President and CEO of Horizons ETFs. "While there is volatility within the marijuana space again, the investing case remains strong: after Canadian adult-use cannabis sales set new record highs in March they remained consistently strong into April, reaching over $180 million."

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. 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*
  
  
   1 Month3 Month6 Months  YTD  1 Year 3 YearAnnualized Since Inception**
HMMJ         -8.00% 15.59% -17.19% -17.19%-58.16%0.38%            -4.68%           
NAMMAR Index -8.51% 21.79% -17.31% -17.31%-56.38%-4.35%           -9.42%           
                                                                                   
 Source: Bloomberg, as at June 30, 2020. **Since HMMJ's inception on April 4, 2017.


  

ABOUT HMUS

HMUS is the world's first U.S.-focused marijuana index ETF. HMUS seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses. This index is designed to provide exposure to the performance of a basket of publicly-listed companies having significant business activities in, or significant exposure to, the marijuana or hemp industries in the United States. Constituents of this index are selected from Canadian and U.S. exchanges. While some securities may be listed on major North American exchanges, the majority of the securities currently trade on North American exchanges that include but are not limited to the Canadian Securities Exchange and the Aequitas NEO Exchange.

This rebalance resulted in one addition and one removal from the portfolio:

Additions Company NameTicker Exchange CBDMD Inc. YCBD New York Stock Exchange

Deletions Company Name Ticker Exchange Halo Labs Inc. HALO Aequitas NEO Exchange

"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. "However, with new polls suggesting the likelihood of a Democrat victory in November, there may be a new surge in optimism for reformative political change on the issue of federal illegality of cannabis in the U.S., which could again bolster U.S. marijuana companies."

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. 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*
  
  
   1 Month3 Month6 Months  YTD  1 Year Annualized Since Inception**
HMUS                        -12.08%23.80% -27.90% -27.90%-57.19%          -60.26%           
US Marijuana Companies Index-12.40%22.99% -29.71% -29.71%-59.18%          -61.93%           
                                                                                            
Source: Bloomberg, as at June 30, 2020. **Since HMUS' inception on April 17, 2019.          


  

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