Horizons CDN Select Universe Bond ETF (HBB.TO) seeks to replicate, to the extent possible, the performance of the Solactive Canadian Select Universe Bond Index (Total Return), net of expenses. The Solactive Canadian Select Universe Bond Index (Total Return) is designed to measure the performance of the Canadian investment-grade fixed income market.
HBB ETF Review
The Solactive Canadian Select Universe Bond Index is designed to measure the performance of the Canadian investment-grade fixed-income market by selecting a representative group of bonds offering similar duration, yield and return characteristics to the universe of eligible government & corporate bond securities.
- The Total Return Index Advantage: HBB is a part of the Horizons Total Return Index family of ETFs (“Horizons TRI ETFs”). HBB uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the tracking error associated with replicating an index and increases tax efficiency
- Investment-Grade Bonds: HBB provides exposure to an index, where the constituents must have a minimum credit rating of BBB
- Tax Efficiency: HBB is not expected to make taxable distributions
- Automatic Reinvestment: The reinvestment of Index constituent distributions are reflected in HBB’s Net Asset Value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or monthly
What is the Best Canadian Equity ETF in Canada?
- HBB.TO: Horizons CDN Select Universe Bond ETF
- VAB.TO: Vanguard Canadian Aggregate Bond Index ETF
- XBB.TO: iShares Core Canadian Universe Bond Index ETF
- ZAG.TO: BMO Aggregate Bond Index ETF
Here is a table comparing ZEA to similar International ETFs in Canada as of January 31, 2024.
| Manager | ETF | Inception | MER | AUM | Yield | Distributions | 1Y | 3Y | 5Y | 10Y | 15Y |
|---|---|---|---|---|---|---|---|---|---|---|---|
 | XBB | 2000-11-20 | 0.10% | $6,657,843,229 | 3.02% | Monthly | 2.05% | -2.95% | 0.69% | 1.86% | 2.95% |
 | ZAG | 2010-01-19 | 0.09% | $6,742,660,000 | 3.47% | Monthly | 2.06% | -2.96% | 0.69% | 1.88% | N/A |
 | HBB | 2014-05-08 | 0.10% | $4,395,813,404 | N/A | N/A | 1.46% | -3.16% | 0.34% | N/A | N/A |
 | VAB | 2011-11-30 | 0.09% | $4,460,000,000 | 2.96% | Monthly | 1.93% | -2.99% | 0.64% | 1.86% | N/A |
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|---|---|---|---|---|---|
| Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN |
| $500.00 CAD $400.00 USD | $99.99 CAD | $79.99 USD | $99.99 CAD | $12.99 CAD $9.99 USD |
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