Company Overview

Horizons Active Ultra-Short Term US Investment Grade Bond ETF, traded in certain markets under the ticker HZTVF, is an actively managed exchange-traded fund sponsored by Horizons ETFs Management (Canada) Inc., a subsidiary of Mirae Asset Financial Group. The fund operates within the fixed-income and asset management industry and is designed to provide investors with exposure to a diversified portfolio of ultra-short-duration, U.S. dollar-denominated investment-grade debt securities. Its investment mandate focuses on capital preservation, liquidity, and modest income generation while maintaining relatively low interest-rate sensitivity compared with longer-duration bond funds.

The ETF primarily invests in high-quality corporate bonds, floating-rate notes, government securities, and other short-term fixed-income instruments issued by U.S. and multinational entities. Its core customer base includes retail investors, financial advisors, institutional allocators, and cash-management participants seeking higher yields than traditional savings vehicles while maintaining conservative risk exposure. The fund is positioned as a defensive fixed-income strategy within the broader Horizons ETFs product platform, which has expanded over time from index-based ETFs into actively managed, thematic, and alternative investment solutions.

Business Operations

The ETF operates as part of the broader Horizons ETFs business, which manages a wide range of exchange-traded products across equities, fixed income, commodities, currencies, and alternative strategies. Revenue generation for the fund sponsor primarily comes from management fees and administrative fees based on assets under management. HZTVF specifically generates portfolio returns through actively managed allocations to short-duration investment-grade debt instruments, with portfolio management emphasizing liquidity management, credit quality assessment, and yield optimization.

Operationally, the fund maintains exposure primarily to the U.S. fixed-income market while being administered from Canada. The ETF benefits from the portfolio management, compliance, trading infrastructure, and distribution capabilities of Horizons ETFs Management (Canada) Inc. and its parent ecosystem under Mirae Asset Global Investments. The broader organization maintains strategic relationships with custodians, authorized participants, liquidity providers, and institutional fixed-income counterparties that support ETF creation, redemption, and secondary-market trading functions.

Strategic Position & Investments

The strategic direction of the ETF aligns with investor demand for lower-volatility income products in periods of uncertain interest-rate conditions and tighter credit markets. The fund’s active management approach differentiates it from passive ultra-short bond ETFs by allowing portfolio managers to adjust duration, credit exposure, and issuer allocation based on changing market conditions. This positioning is intended to attract investors seeking enhanced yield opportunities while retaining relatively conservative credit exposure.

The ETF forms part of the broader expansion strategy of Horizons ETFs, which has increasingly focused on active management, income-oriented strategies, and diversified fixed-income offerings. Through its affiliation with Mirae Asset Financial Group, the organization benefits from global investment research capabilities and broader access to institutional fixed-income markets. Publicly available information indicates continued investment by the parent organization into ETF product development, digital distribution channels, and cross-border asset management capabilities. Data inconclusive based on available public sources regarding any direct joint ventures or portfolio-company investments specifically attributable to HZTVF itself.

Geographic Footprint

The ETF is headquartered and administered in Canada, with management operations centered through Horizons ETFs Management (Canada) Inc. in Toronto, Ontario. While the fund is Canadian-listed and primarily marketed to Canadian investors, its underlying portfolio exposure is concentrated in the United States investment-grade debt market. As a result, the ETF maintains indirect exposure to major U.S. corporate issuers, financial institutions, and government-related debt markets.

Through its parent organization, Mirae Asset Financial Group, the broader asset management platform has operational and investment presence across North America, Asia-Pacific, Europe, and other international financial centers. This global footprint supports research, capital markets access, and institutional distribution capabilities that indirectly benefit the ETF platform’s investment operations and market positioning.

Leadership & Governance

The ETF is overseen by the leadership structure of Horizons ETFs Management (Canada) Inc. and the broader Mirae Asset Global Investments organization. Governance responsibilities include regulatory compliance, portfolio oversight, risk management, and capital markets supervision. Strategic leadership has emphasized product innovation, expansion of active ETF offerings, and development of income-focused investment solutions responsive to changing macroeconomic conditions and investor demand for liquidity-oriented products.

Key executives associated with the broader organization include:

• Rohit Mehta – President and Chief Executive Officer, Horizons ETFs Management (Canada) Inc.
• Thomas Park – Chief Financial Officer
• Nick Piquard – Executive Vice President
• Steve Hawkins – President and Chief Executive Officer, Mirae Asset Global Investments (Canada)
• Park Hyeon Joo – Founder and Global Strategy Officer, Mirae Asset Financial Group

Leadership strategy across the organization has consistently focused on expanding ETF adoption, enhancing active management capabilities, and increasing global diversification across investment products and distribution channels.