Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds ("ETFs") investments. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. "Standard & Poor's®" and "S&P®" are registered trademarks of Standard & Poor’s Financial Services LLC ("S&P") and "TSX®" is a registered trademark of the TSX Inc. ("TSX"). All trademarks/servicemarks have been licensed for use by BetaPro Management Inc. and/or AlphaPro Management Inc. The Horizons BetaPro ETFs and the Horizons AlphaPro ETFs (collectively, the "Horizons ETFs") are not sponsored, endorsed, sold, or promoted by Standard & Poor's or TSX or their affiliated companies and none of these parties make any representation, warranty or condition regarding the advisability of investing in the Horizons ETFs. All other trademarks and servicemarks are registered by their respective owners and licensed for use by BetaPro Management Inc. and/or AlphaPro Management Inc. and none of the owners thereof or any of their affiliates sponsor, endorse, sell, promote or make any representation regarding the advisability of investing in the Horizons ETFs. Complete trademark and servicemark information is available by clicking here.