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HMA

August 18, 2015

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

Landry Investment Management Inc.

0.85% (plus applicable sales tax)

CAD

Found In

Active

Multi Asset

Horizons ETFs Announces Final Valuation for HMA

TORONTO – August 18, 2017 – Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. previously announced, by way of a press release dated June 16, 2017, that the Horizons Managed Multi-Asset Momentum ETF would be terminated effective upon the close of business today, August 18, 2017. The ETF’s final net asset value per unit is as follows:

Final NAV per Unit
Horizons Managed Multi-Asset Momentum ETF (HMA) - $10.345195

Annualized Performance*

No Data Available

Calendar Year Performance*


Growth of 10K

No Data Found

Distributions

Year

 

Sector Allocation

as at July 31, 2017

Asset Allocation

as at July 31, 2017

Top Holdings

as at July 31, 2017


 

Most Recent Distribution per Unit : 0.04862

Estimated Annualized Yield : -%

12-Month Trailing Yield: --%

Distribution Frequency : Annually

Record Date: 2016-12-30

To achieve Horizons HMA's investment objective, Horizons ETFs and Landry Investment Management begins with a universe of assets classes, which have been chosen for certain diversification and non-correlation characteristics to generally mitigate global market risk. From this universe of 16 asset classes, the ETF typically selects and ranks between five and 10 top asset classes using a proprietary model which employs a combination of quantitative price momentum and other factors, a technical overlay, and fundamental analysis. The top asset classes are then subjected to a risk analysis screen. If a top asset class passes the risk analysis screen, the ETF generally selects an exchange traded fund to seek to reflect the performance of the asset class. The top asset classes will initially be equally weighted, and will be rebalanced on a monthly basis.

If any top asset class fails the risk analysis screen, the ETF will instead allocate the portion of the portfolio that would have been allocated to the top asset class to cash or cash equivalents. Horizons HMA's portfolio is designed to hold cash components during periods of uncertainty to minimize drawdowns and return volatility.

S&P/TSX Composite Index
Canadian Bonds - 10 yrs
S&P 500®
US Bonds - 10 yrs
S&P 600
S&P Goldman Sachs Commodity
MSCI Emerging Markets
S&P/TSX REITS
NAREIT® Equity REITS
MSCI Japan
NAREIT® Mortgage REITS
Gold
NASDAQ
iBoxx $ Liquid High Yield
MSCI European Monetary Union
iBoxx $ Liquid Investment Grade

Horizons ETFs Management (Canada) Inc. has completed the conversion of all advisor-class units of its Canadian-listed exchange trade funds (ETFs) into the corresponding common class units of the same ETF as at the end-of-day, April 28, 2017. The Conversion Ratio of advisor-class units to common class units for HMA.A is 1 to 0.988591. Only whole units of HMA were issued and any resulting fractional units were redeemed for cash. For more information, view our press release.

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Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

The Horizons Exchange Traded Products include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in sahres of a BetaPro Product decreases in value. The BetaPro Products consist of our 2x Daily Bull and 2x Daily Bear ETFs (“2x Daily ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the 2x Daily ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or –200% of the performance of a specified underlying index, commodity futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its Target. Due to the compounding of daily returns a 2x Daily ETF’s or Inverse ETF’s returns over periods other than one day will likely differ in amount and, particularly in the case of the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 10.00% and 45.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager will publish, on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions. The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.