Horizons Exchange Traded Funds | Trademarks

Trademarks

S&P:
"Standard & Poor’s® ", "S&P®" and "S&P 500" are registered trademarks of The McGraw-Hill Companies, Inc. and "TSX®" is a registered trademark of the TSX Inc. These marks have been licensed for use by BetaPro Management Inc. The HBP ETFs are not sponsored, endorsed, sold, or promoted by Standard & Poor’s or TSX Group and its affiliated companies and neither party make any representation, warranty or condition regarding the advisability of investing in the HBP ETFs.

Fund Disclaimer (Funds)
All Horizons BetaPro Funds use leveraged investment techniques that magnify gains and losses and result in greater volatility in value. All Horizons BetaPro Funds are subject to active investor risk. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

Fund Disclaimer (ETFs)
All Horizons BetaPro ETFs use leveraged investment techniques that magnify gains and losses and result in greater volatility in value. All Horizons BetaPro ETFs are subject to active investor risk. Commissions, management fees and expenses all may be associated with ETF investments. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

Fund Disclaimer (Funds and ETFs)
All Horizons BetaPro Funds and ETFs use leveraged investment techniques that magnify gains and losses and result in greater volatility in value. All Horizons BetaPro Funds and ETFs are subject to active investor risk. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and ETF investments. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

S&P/TSX:
"Standard & Poor's®" and "S&P®" are registered trademarks of The McGraw-Hill Companies, Inc. and "TSX®" is a registered trademark of the TSX Inc. These marks have been licensed for use by BetaPro Management Inc. The HBP ETFs are not sponsored, endorsed, sold, or promoted by Standard & Poor's or TSX Group and its affiliated companies and neither party make any representation, warranty or condition regarding the advisability of investing in the HBP ETFs

NYMEX /COMEX:
"NYMEX® is a registered service mark of New York Mercantile Exchange, Inc. and COMEX® is a registered service mark of Commodity Exchange Inc., and have been licensed by them for use to BetaPro. The Funds are not sponsored, endorsed, sold or promoted by New York Mercantile Exchange, Inc. or Commodity Exchange, Inc., and New York Mercantile Exchange, Inc. and Commodity Exchange, Inc. make no representation regarding the advisability of investing in the Funds."

NASDAQ:
Nasdaq®,Nasdaq-100®,and Nasdaq-100 Index®, are trademarks of The NASDAQ OMX Group, Inc.(which with its affiliates is referred to as the "Corporations") and are licensed for use by Horizons BetaPro Funds and BetaPro Management Inc.. The Fund(s)have not been passed on by the Corporations as to their legality or suitability. The Fund(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND(S).