DLR Product Sheet
DLR Product Sheet
U)
In the past, enterprising Canadian investors have tried to take advantage of what are perceived to be attractive currency exchange
rates, buying Canadian listed stocks in Canadian dollars and selling the same stock listed in U.S. dollars to take advantage of a
lower currency conversion fee.
With DLR/DLR.U, the investor only takes on the foreign exchange risk that always exists when you exchange one currency for another.
Investors will be required to have a USD account with their broker in order to deposit the proceeds from the sale of DLR.U units.
Horizons U.S. Dollar Currency ETF (DLR) Foreign Currency Bank Account
Assumptions 1
Cost Assumptions1 Cost
Transaction Costs $9.95 per trade (one buy, one sell) $19.90 $9.95 per trade (one buy, one sell) $0.00
$0.02 per unit (1,000 units) $2.0 per unit (1,000 units)
Spread (Buy & Sell) Buy Sell $20.00 Buy Sell $200.00
$10.01 $9.99 $10.10 $9.90
Management Fees2 0.45% Annualized $0.37 $0.00
Total Costs ($) $40.27 $200.00
Total Costs (%) 0.40% 2.00%
Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in Horizons US Dollar Currency ETF managed by Horizons
ETFs Management (Canada) Inc. (the “ETF”). The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about
the ETF. Please read the prospectus before investing.
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