Q: These ETFs are described on their websites as active floating rates bonds with very similar timeframes. HFR has more US focus thought. However, their yields are drastically different; FLOT~5% and HFR~2.3%. Can you explain why the big difference. Which would you recommend?

Q: I've been comparing these two funds and while they appear to be essentially taking the same approach. HFR has Canadian & US holdings and FLOT has exclusively US holdings. Yet their is a substantial difference in their yields. But FLOT yield is 4.3% and HFR 2.3%. I don't get it.
Yield is nice to have but I'm more concerned with capital preservation through the end of this business cycle. Your thoughts would be appreciated.

Q: I am setting up a fixed income portfolio for 5 -10 years with little need for income. HISA @ 15%, HTB @ 5%, HBB @ 5%, PYF @ 5%, HFR @ 20%, MFT @ 50%. I would increase the Horizon's ETF percentages, but liquidity is low. Would you please comment on this set up. Thanks for your service.