Question 1

What is HFR?

Accepted Answer

HFR (Global X Active Ultra-Short Term Investment Grade Bond ETF) is a Canadian-listed ETF trading on the TSX in the Canadian Short Term Fixed Income category. It tracks the Morningstar Can 1-5Y Core Bd GR CAD.

Question 2

What is the HFR ETF price today?

Accepted Answer

HFR last traded at $10.07 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the HFR MER (management expense ratio)?

Accepted Answer

HFR has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, HFR is considered a low-cost ETF.

Question 4

What are HFR annualised returns?

Accepted Answer

HFR historical returns: YTD: -0.25%, 1-year: +3.12%, 3-year annualised: +5.34%, 5-year annualised: +3.94%, 10-year annualised: +3.26%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.99, which measures risk-adjusted return.

Question 5

Does HFR pay dividends or distributions?

Accepted Answer

Yes, HFR distributes income to unitholders. The current distribution yield is approximately 3.59%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does HFR invest in?

Accepted Answer

HFR's top holdings include Canadian Imperial Bank of Commerce 3.45% (null, 2.7%), Pembina Pipeline Corporation 2.99% (null, 2.2%), TransCanada Pipelines Limited 3.8% (null, 1.5%), Federation des Caisses Desjardins du Quebec 2.86% (null, 1.4%), The Toronto-Dominion Bank 3% (null, 1.4%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can 1-5Y Core Bd GR CAD.

Question 7

What sectors does HFR invest in?

Accepted Answer

HFR's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is HFR? (Assets under management)

Accepted Answer

HFR has approximately $655M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was HFR launched?

Accepted Answer

HFR was launched on December 10, 2010, giving it a 16-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy HFR in Canada?

Accepted Answer

HFR trades on the TSX under the ticker HFR. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is HFR?

Accepted Answer

HFR has a 1-year volatility of 0.67% and a beta of 0.32 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.99 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-08-14	$10.06	$10.06	$10.05	$10.06	$10.06	35,444
2026-08-13	$10.06	$10.06	$10.05	$10.06	$10.06	76,421
2026-08-12	$10.06	$10.06	$10.05	$10.05	$10.05	29,250
2026-08-11	$10.06	$10.06	$10.04	$10.04	$10.04	92,122
2026-08-10	$10.06	$10.06	$10.05	$10.06	$10.06	32,941
2026-08-07	$10.07	$10.07	$10.05	$10.06	$10.06	40,964
2026-08-06	$10.06	$10.06	$10.05	$10.05	$10.05	32,600
2026-08-05	$10.05	$10.06	$10.05	$10.06	$10.06	46,820
2026-08-04	$10.05	$10.06	$10.05	$10.05	$10.05	31,893
2026-07-31	$10.06	$10.06	$10.06	$10.06	$10.06	72,000

#	Name	Weight
1	Canadian Imperial Bank of Commerce 3.45%	2.66%
2	Pembina Pipeline Corporation 2.99%	2.18%
3	TransCanada Pipelines Limited 3.8%	1.45%
4	Federation des Caisses Desjardins du Quebec 2.86%	1.42%
5	The Toronto-Dominion Bank 3%	1.38%
6	Bank Montreal Que 2.85%	1.37%
7	H&R Real Estate Investment Trust 3.37%	1.36%
8	Choice Properties Real Estate Investment Trust 3.56%	1.24%
9	Bank Montreal Que 2.28%	1.16%
10	Canadian Natural Resources Limited 3.55%	1.16%

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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CGMU		$9.72	+4.85%
SHPD		$6.12	+4.79%

CIBC Investor's Edge

Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — HFR