HBAL vs. GRCC ETF Comparison

Comparison of Horizons Balanced Tri ETF (HBAL) to Horizons Growth Asset Allocation Covered Call ETF (GRCC)

HBAL

Horizons Balanced Tri ETF

HBAL Description

The investment objective of HBAL is to seek long-term capital growth using a balanced portfolio of exchange traded funds.

Grade (RS Rating)

Last Trade

$14.48

Average Daily Volume

5,921

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

GRCC

Horizons Growth Asset Allocation Covered Call ETF

GRCC Description

Horizons Growth Asset Allocation Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in public equity and fixed income markets of global region. For its equity portion, it invests through derivatives and through other funds in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities. The fund seeks to benchmark the performance of its portfolio against a composite index comprising of 12% of the Solactive Canadian Select Universe Bond Index, 8% of the Solactive US 7-10 Year Treasury Bond Index (Total Return), 16% of the S&P/TSX 60 Total Return Index, 28% of the Cboe S&P 500 Half BuyWrite Index, 8% of the Cboe NASDAQ-100 Half BuyWrite V2 Index, 10% of the Cboe MSCI EAFE BuyWrite Index, 10% of the MSCI EAFE Net Total Return USD Index, 4% of the Cboe MSCI Emerging Markets BuyWrite Index and 4% of the MSCI Emerging Markets Net Total Return USD Index. Horizons Growth Asset Allocation Covered Call ETF was formed on October 10, 2023 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$20.81

Average Daily Volume

2,640

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	HBAL	GRCC
30 Days	-0.28%	-1.84%
60 Days	0.14%	-0.24%
90 Days	2.71%	1.02%
12 Months	10.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in HBAL	Weight in GRCC	Overlap
	HXDM	A	15.47%	20.26%	15.47%

HBAL Overweight 5 Positions Relative to GRCC

	Symbol	Grade	Weight
	HBB	C	23.47%
	HTB	B	14.01%
	HXT	A	12.28%
	HXEM	A	5.91%
	HXQ	B	5.47%

HBAL Underweight 3 Positions Relative to GRCC

	Symbol	Grade	Weight
	USCC.U	C	-28.32%
	CNCC	D	-15.76%
	QQCC	C	-8.16%

HBAL: Top Represented Industries & Keywords

Industries:

Keywords: Financial Markets Futures Contract Futures Roll Solactive Bond Market Index Developed Market Economy Of New York City Emerging Market Exchange Traded Funds Financial Index Fund Inverse Exchange Traded Fund Investment Funds Msci Eafe Nasdaq Nasdaq 100 Nasdaq 100 Index Rate Of Return S&P S&P Dow Jones Indices

GRCC: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Funds Betashares Developed Market Futures Contract Futures Roll Investor Msci Eafe Nasdaq Nasdaq 100