Horizons ETFs Rebalances Marijuana-Focused Index ETF Suite

Horizons Marijuana Life Sciences Index ETF ("HMMJ":TSX), the Horizons US Marijuana Index ETF ("HMUS":NEO) and the Horizons Emerging Marijuana Growers Index ETF ("HMJR":NEO).” data-reactid=”12″>TORONTO , Dec. 30, 2019 /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), the Horizons US Marijuana Index ETF (“HMUS”:NEO) and the Horizons Emerging Marijuana Growers Index ETF (“HMJR”:NEO).

HMMJ is the world’s first ETF offering direct exposure to North American-listed securities that have significant business activities in the marijuana industry. Amid contraction within the marijuana sector, seven constituents were removed from HMMJ’s portfolio:

Company Name	Ticker	Exchange
Heritage Cannabis Holdings Corp	CANN	Canadian Securities Exchange
Emerald Health Therapeutics	EMH	TSX Venture Exchange
Eve & Co Inc	EVE	TSX Venture Exchange
Fsd Pharma Inc	HUGE	Canadian Securities Exchange
48North Cannabis Corp	NRTH	TSX Venture Exchange
Radient Technologies Inc	RTI	TSX Venture Exchange
Zenabis Global Inc	ZENA	Toronto Stock Exchange

 

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 of biopharmaceuticals, medical manufacturing, distribution, bioproducts and other ancillary businesses related to the marijuana industry. Securities within HMMJ’s index generally have a market capitalization of greater than CAD $75 million .

https://www.HorizonsETFs.com/HMMJ.” data-reactid=”20″>Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion 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.

	1 Month	3 Month	6 Months	YTD	1 Year	Annualized Since Inception**
HMMJ	-4.48%	-34.28%	-51.52%	-34.71%	-34.76%	0.73%
NAMMAR Index	-5.77%	-32.43%	-51.08%	-34.51%	-34.55%	-6.26%
TX60AR Index	0.58%	1.77%	4.58%	22.52%	23.95%	7.08%

* Source: Bloomberg, as at December 20, 2019 . ** Since HMMJ’s inception on April 4, 2017 .

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. Additionally, index returns do not take into account management, operating or trading expenses that may be incurred in replicating the index. The rates of return above are not indicative of future returns. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. The indices are not directly investible.

Launched in April 2019 , 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 the removal of seven companies: