Horizons Exchange Traded Funds Inc. Thursday announced the launch of Advisor Classes on eight more of its actively managed exchange traded funds.

The Advisor Classes are new classes of existing ETFs. Advisors will be directly compensated with a service fee on a trailing quarterly basis. The only difference between the Adviser Classes and existing Class E units of ETFs is that the Advisor Classes charge higher management fees that include the service fees paid to the advisor. The purchase and sale process for the Advisor Classes is identical to that of any other ETF listed on the Toronto Stock Exchange.

The Advisor Classes of the ETFs began trading on the TSX Thursday morning.

The name, ticker symbol and annual service fee for the ETFs are as follows:

ETF Name

Ticker
Symbol

Service
Fee

Horizons Dividend ETF

HAL.A

0.75%

Horizons Global Dividend ETF

HAZ.A

0.75%

Horizons North American Value ETF

HAV.A

0.75%

Horizons North American Growth ETF

HAW.A

0.75%

Horizons Balanced ETF

HAA.A

0.75%

Horizons Corporate Bond ETF

HAB.A

0.50%

Horizons Preferred Share ETF

HPR.A

0.50%

Horizons Floating Rate Bond ETF

HFR.A

0.50%

“We are very pleased to offer Advisor Class units on these actively managed ETF mandates,” says Howard Atkinson, CEO of Horizons ETFs. “These new Advisor Classes give Canadian investment advisors more flexibility when they wish to incorporate our ETFs into their practice. This launch brings the number of Advisor Classes that we offer to 16.”

Toronto-based Horizons ETFs is a member of the Jovian Capital Corporation (TSX: JOV) group of companies.