625 Madison Ave, Floor 3, New York, NY 10022

Horizons DAX Germany ETF (DAX)

INVESTMENT OBJECTIVE 


Please note that the Gross Expense Ratio is 0.45*% and the Net Expense Ratio is 0.20%. The fund advisor has contractually agreed to waive a portion of the Management Fee of DAX from 0.45% to 0.20% until 8/1/2018.

Horizons DAX Germany ETF (“Fund”) seeks to provide investment results that will closely correspond, before fees and expenses, to the price and yield performance of the DAX® Index.


Why DAX?

– DAX is the only U.S. listed ETF that tracks the DAX ® Index.

– DAX is fully tradable during U.S. market hours in U.S. Dollars.

– Provides direct country exposure across a wide array of sectors such as Automotive, Chemicals, Banking, and Industrials.

FUND DETAILS (As Of May 25, 2018)
Ticker DAX
Exchange Nasdaq
CUSIP 44053G207
Inception Date 10/22/14
Fund Net Assets $21,339,737
Trading Volume 410
Bloomberg Ticker DAX
Total Gross Expense Ratio 0.45%*
Total Net Expense Ratio 0.20%*
Currency USD
Benchmark DAX Index

Index Description

The DAX Index tracks the segment of the largest and most important companies, known as blue chips, on the German equities market. It contains the shares of the 30 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange in the Prime Standard segment. The DAX represents about 80% of the aggregated prime standard’s market cap.

The DAX is primarily calculated as a performance index. It is one of the few major country indices that also takes dividend yield into account, thus fully reflecting the actual performance of an investment in the index portfolio.

Index Methodolody

DAX® is completely rules based and transparent. On the basis of a clear and publicly available set of rules – the guide to the equity indices of Deutsche Börse – the composition of the index is determined in a manner comprehensive to all market participants. In order to qualify for listing,companies have to have their registered office or operational headquarters in Germany or generate a significant proportion of their trading turnover on the FWB® Frankfurt Stock Exchange and have their headquarters in a member state of the EU or EFTA.

The weighting of a share in the index is determined on the basis of market cap of shares in free float. To ensure tradability of the index, the index weighting of an individual share is capped at 10%.

MONTH END PERFORMANCE (4/30/18)

1 Mo 3 Mo 6 Mo YTD 1 Yr 3 Yr 5 Yr SIR*
DAX (NAV) 2.28% -7.35% -1.25% -1.84% 11.76% 4.84% 7.67%
DAX (Market Price) 1.46% -7.51% -2.59% -2.88% 11.32% 4.95% 7.51%
Index (USD) 3.20% -7.31% -1.08% -1.81% 12.62% 5.85% 8.78%

QUARTER END PERFORMANCE (3/31/18)

1 Mo 3 Mo 6 Mo YTD 1 Yr 3 Yr 5 Yr SIR*
DAX (NAV) -1.94% -4.03% -1.88% -4.03% 12.26% 3.95% 7.15%
DAX (Market Price) -1.05% -4.27% -1.57% -4.27% 12.73% 4.05% 7.24%
Index (USD) -2.75% -4.89% -2.75% -4.89% 11.93% 4.70% 8.00%

 

GROWTH OF 10K SINCE INCEPTION


Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. An investor cannot invest directly in an index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

*Performance since inception return on October 22, 2014.

PRICE INFO (As Of May 25, 2018)
Day End Nav $30.49
Nav Change ($) $0.02
Nav Change (%) 0.07%
Day End Market Price $30.43
Market Price Change ($) $-0.03
Market Price Change (%) -0.11%
Premium or Discount (%) -0.20%
Shares Outstanding 700,000

2018 Distributions

Ex-dividend Date Record Date Payment Date Amount ($) Amount (%) Distribution Period
06/20/18 06/21/18 06/26/18 Semi-Annual
12/27/18 12/28/18 12/31/18 Semi-Annual

A portion of the distribution may include a return of capital. These do not imply rates for any future distributions. The ETF is not required to make distributions.

2017 Distributions

Ex-dividend Date Record Date Payment Date Amount ($) Distribution Period
06/21/17 06/23/17 06/27/17 $0.54657 Semi-Annual
12/20/17 12/22/17 12/26/17 N/A Semi-Annual

A portion of the distribution may include a return of capital. These do not imply rates for any future distributions. The ETF is not required to make distributions.

2016 Distributions

Ex-dividend Date Record Date Payment Date Amount ($) Distribution Period
06/22/16 06/24/16 06/28/16 $0.12750 Semi-Annual
12/21/16 12/23/16 12/27/16 $0.31953 Semi-Annual

A portion of the distribution may include a return of capital. These do not imply rates for any future distributions. The ETF is not required to make distributions.

2015 Distributions

Ex-dividend Date Record Date Payment Date Amount ($) Distribution Period
06/24/15 06/26/15 07/01/15 $0.27273 Semi-Annual
12/23/15 12/28/15 12/30/15 $0.07917 Semi-Annual

A portion of the distribution may include a return of capital. These do not imply rates for any future distributions. The ETF is not required to make distributions.

Distribution Summary As Of 4/30/18
30-day SEC Yield 2.77%
12-month Trailing Yield 1.89%
Top 10 Holdings
Company CUSIP Weighting
SAP SE D66992104 9.78%
Siemens AG D69671218 8.96%
Bayer AG D0712D163 8.21%
Allianz SE D03080112 7.70%
Basf SE D06216317 7.66%
Daimler AG D1668R123 5.52%
Deutsche Telekom AG D2035M136 4.10%
adidas AG D0066B185 3.31%
Linde AG Bearer Shs Br Shares submitted for exchange D50348271 3.28%
Deutsche Post AG D19225107 2.99%

Holdings are subject to change. Download prior day business day holdings here.

© 2018 HORIZONS ETFS MANAGEMENT (US) LLC. ALL RIGHTS RESERVED.

Before investing you should carefully consider the fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained on this website. Please read the prospectus carefully before you invest. 

There are risks involved with investing, including possible loss of principal. Concentration in a particular industry or sector will subject the funds to loss due to adverse occurrences that may affect that industry or sector. Each sector fund is subject to its own specific risk factors. See prospectus for specific risks regarding fund. Investors in the funds should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. International investing involves risks, including -risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. Diversification may not protect against market risk or loss of principal. DAX and QYLD are considered non-diversified and may be subject to greater risks than a diversified fund.

Horizons ETFs Management (US) LLC is the investment adviser of HSPX, DAX, QYLD, and USDY. The funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Horizons ETFs Management (US) LLC or any of its affiliates.

Index returns are for illustrative purposes only. Investors cannot directly invest in an index and unmanaged index returns do not reflect any management fees, transaction costs or expenses. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with investments in the fund. Past performance does not guarantee future results.

Individual shares of the horizons-branded exchange traded funds (the “funds”) may be purchased or sold in the secondary market throughout the regular trading day on the New York stock exchange or Nasdaq exchange through a brokerage account. However, shares are not individually redeemable directly from the funds. Each fund issues and redeems shares on a continuous basis, at NAV, only in blocks of shares (“creation units”), principally in-kind for securities included in the relevant index. The creation units for DAX, QYLD, HSPX, and USDY are 50,000 shares.