To achieve Horizons HAL’s investment objective, the ETF’s Sub-Advisor selects companies that, in its view, have good long-term prospects of increasing dividend payments. The portfolio investments are diversified among different companies and industry sectors.
Horizons HAL’s investment process is primarily based on fundamental research as well as quantitative and technical factors. Investment decisions are ultimately based on an understanding of the company, its business and its outlook. The Sub Advisor will monitor and review this ETF’s investments on an ongoing basis to try to ensure that the best relative values are identified.
To achieve its investment objective, the Sub-Advisor may also invest in fixed income securities such as government bonds, corporate bonds or treasury bills. Horizons HAL may hold up to 10% of its portfolio in these fixed-income securities. It is expected that the income earned on Horizons HAL’s investments will be used to pay some or all of the ETF’s expenses.