Horizons Active Hybrid Bond and Preferred Share ETF Common

TSX:HYBRCanada

The investment objective of Horizons HYBR is to seek to provide Unitholders with a high level of income by investing in a portfolio of debt and other debt-like securities, including but not limited to hybrid corporate debt (“Hybrids”), Alternative Tier 1 Capital (“AT1”) (such as LRCNs), and income generating equities, including but not limited to preferred securities, of Canadian and U.S. companies. Horizons HYBR may hedge some or all of its non-Canadian dollar currency exposure at the discretion of its Sub-Advisor. The ETF invests in its own actively managed portfolio of investments. Horizons HYBR primarily invests in a portfolio of corporate debt and debt-like securities, including but not limited to, Hybrids, AT1s (such as LRCNs), Non-viability contingent capital (“NVCC”) that can be subordinated debt or preferred shares, preferred securities, and other income-generating securities of North American issuers.