• Low-Cost1: There will be no direct management fees or operating expenses. Unitholders will still be indirectly charged the fees of the underlying Horizons TRI ETFs invested in by HCON (the management expense ratio of HCON will be approximately 0.15%, and will not exceed 0.16%, while the aggregate trading expense ratio of the portfolio of Horizons TRI ETFs held by HCON will be approximately 0.18%.)
• One-Ticket Solution: HCON is a one-ticket asset allocation strategy that invests in low-cost1 index ETFs
• Tax-Efficient: The underlying ETFs in HCON’s portfolio are not expected to make any ongoing taxable distributions of investment income or dividends, making them ideal portfolio solutions for taxable accounts
1Compared to other equivalent investment products.