0% found this document useful (0 votes)
64 views2 pages

DLR Product Sheet

The document discusses the Horizons US Dollar Currency ETF (DLR), which seeks to reflect the price of the US dollar relative to the Canadian dollar. DLR offers Canadian investors exposure to movements in the US dollar without additional fees or margin requirements of trading currencies directly. It also allows low-cost conversion between Canadian and US dollars.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
64 views2 pages

DLR Product Sheet

The document discusses the Horizons US Dollar Currency ETF (DLR), which seeks to reflect the price of the US dollar relative to the Canadian dollar. DLR offers Canadian investors exposure to movements in the US dollar without additional fees or margin requirements of trading currencies directly. It also allows low-cost conversion between Canadian and US dollars.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Horizons US Dollar Currency ETF (DLR; DLR.

U)

The Only U.S. Dollar Currency ETF in Canada


The Horizons US Dollar Currency ETF (“DLR”) seeks to reflect the price, in Canadian dollars,
ETF Snapshot of the U.S. dollar, net of expenses, by investing primarily in U.S. cash and cash equivalents.
Name: The U.S. dollar denominated version of this ETF, (“DLR.U”) has the same investment objective
Horizons US Dollar Currency ETF but is priced and transacted in U.S. dollars.

Launch Date: Invest in the Direction of the U.S. Dollar


April 6, 2011 The relative value of the U.S. dollar to the Canadian dollar is an important consideration for
Canadian investors. Many goods and services that Canadians use are in fact sourced in U.S.
Ticker:
dollars.Therefore, when the value of the Canadian dollar declines it usually means the real
DLR; DLR.U (U.S. dollar
purchasing power of a Canadian dollar denominated portfolio declines.
denominated units)
DLR offers a unique opportunity for investors to capture the positive performance of the
Bloomberg Index Ticker:
U.S. dollar versus the Canadian dollar.
USDCAD
When the U.S. dollar appreciates relative to the Canadian dollar (i.e. the U.S. dollar/Canadian
Management Fee:1
dollar exchange rate increases), the value of DLR is expected to increase proportionately.
0.45%
Conversely, when the U.S. dollar depreciates against the Canadian dollar (i.e. the U.S.
Investment Manager: dollar/Canadian dollar exchange rate decreases), the value of DLR is expected to decrease
Horizons ETFs Management proportionately.
(Canada) Inc.
Key Features of DLR:
Distribution Frequency: • The only U.S. dollar currency ETF in Canada. DLR allows investors to get
Monthly exposure to the direction of the U.S. dollar versus the Canadian dollar
• Low-cost. DLR is a low cost way to invest in currencies, with no additional fees
Eligibility: or margin requirements associated with trading currencies directly
All registered and non-registered • Institutional foreign exchange rate. Ability to transfer DLR units into DLR.U
investment accounts and therefore transact in U.S. dollars, essentially enabling a low cost conversion
from U.S. dollars to Canadian dollars
• Liquidity. Trades intra-day on the Toronto Stock Exchange
• RRSP and TFSA eligible

Plus Sales Taxes.


1

Innovation is our capital. Make it yours.


http://www.HorizonsETFs.com
Horizons US Dollar Currency ETF (DLR; DLR.U)

Low Cost Currency Exposure


The management fee of DLR includes any associated currency conversion costs. Therefore using a combination of DLR and DLR.U
can be a low cost alternative to convert Canadian dollars to U.S. dollars.
CAD to USD Conversion Process

Buy DLR in CAD Convert to DLR.U in USD Sell and


Investment Account Investment Account Receive USD

USD to CAD Conversion Process

Buy DLR.U in USD Convert to DLR in CAD Sell and


Investment Account Investment Account Receive CAD

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.

Cost Comparison: Hypothetical Currency Conversion of $10,000 using DLR/DLR.U

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%

For illustrative purposes only.


1
Three - day holding period with 2 trades (1 buying and 1 selling) A SAVINGS OF APPROXIMATELY $160.00 OR 1.60%
2
Plus applicable taxes and operating expenses for the three - day period

To learn more, please visit www.HorizonsETFs.com/DLR

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.

16-21 0518_H

You might also like