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Horizons ETFs U.S. Press Releases

August 10, 2018

HORIZONS ETFS Management (US) LLC. Announces ETF Closure

NEW YORK, Aug. 10, 2018 — Horizons ETFs Management (US) LLC announced today that they will be terminating the Horizons Cadence Hedged US Dividend Yield ETF (the “ETF”) effective at the close of business on August 28, 2018 (the “Termination Date”). Due to a change in business strategy, it has been determined to close the ETF. Details of the ETF are as follows.

Horizons Cadence Hedged US Dividend Yield ETF USDY 44053G884
June 20, 2018

HORIZONS ETFS Trust I Announces Change in Senior Leadership

NEW YORK– Horizons ETF Trust I (the “Trust”) today announced key leadership changes to the Trust’s officers. Mr. Jonathan Molchan, who serves as the portfolio manager to each of the four current series of the Trust (the “Funds”), has been appointed President and Chief Executive Officer of the Trust. Additionally, Mr. Thomas Calabria has been appointed Secretary of the Trust.

The Funds are advised by Horizons ETFs Management (US) LLC, a member of the Horizons ETFs Group.

December 14, 2017

HORIZONS ETFS Management (US) Llc announces change in underlying index and investment objective for the horizons S&P 500 covered Call ETF

Horizons ETFs Management (US) LLC confirmed today that effect December 15, 2017 the underlying index for the Horizons S&P 500 Covered Call ETF (the “Fund”) will be changed from the S&P 500 Stock Covered Call Index to the CBOE S&P 500 OTM BuyWrite Index (BXY Index).

“The primary rationale behind the conversion in the underlying index is to enhance the tax efficiency of the covered call strategy. We view the blend of long and short term tax treatment on income derived from writing index options as more favorable than purely short term capital gains associated with single stock options. This transformation in the strategy should both benefit our investors and align HSPX with our other options’ strategies; which utilize index options in the pursuit of tax efficient income,” said Jonathan Molchan, Head of Product Development & Portfolio Manager at Horizons ETFs (US).

November 16, 2017


NEW YORK–Horizons ETFs Management (US) LLC. has partner with Cadence Capital Management to develop a series of actively managed, transparent ETFs.

August 07, 2017


NEW YORK–Horizons ETFs Management (US) LLC. announced today that they will be terminating the Horizons US Managed Risk ETF (the “ETF“) effective at the close of business on September 8, 2017 (the “Termination Date“).

August 01, 2017


NEW YORK–Horizons ETFs Management (US) LLC (“Horizons US”), announced a reduced expense ratio for the Horizons DAX Germany ETF (Nasdaq: DAX) (“the fund”), from .45 percent to .20 percent. This 25 basis point reduction represents a 55 percent decrease, effective August 1, 2017.

Click here to learn more about DAX, as well as the risks and cost associated with the fund.

July 18, 2017


Horizons (US) flagship buy-write fund delivered high-quality strategy and income at low cost.

Horizons ETFs Management (US) LLC (“Horizons US”), announced that its flagship fund, the Horizons Nasdaq 100 Covered Call ETF (ticker: QYLD) (“the fund”), surpassed $100 million in assets. That milestone coincides with the first day it traded over 1 million shares. The fund started 2017 with $58.8 million in assets and has since grown by 111.34 percent to $125 million as of July 19, 2017.

Click here to learn more about QYLD, as well as the risks and cost associated with the fund.

February 01, 2017


Horizons ETFs Management (USA) LLC, a member of the Horizons Exchange Traded Funds Group, one of the largest collective families of exchange traded funds in the world, is pleased to announce that it has completed its acquisition of Recon Capital Advisors, LLC that was announced on November 1, 2016.

© 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.

QYLD and HSPX both engage in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium.

QYLD engages in writing covered call index options on the Nasdaq-100 Index and HSPX engages in writing covered call index options on the S&P 500® Index. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price.

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.

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. Brokerage commissions will reduce returns. 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.