Horizons ETFs Announces Estimated 2019 Annual Non-Cash Distributions

December 04, 2019

Horizons ETFs Management (Canada) Inc. announced today the estimated non-cash distributions to holders of certain of the exchange traded funds it manages for the 2019 tax year.


Horizons ETFs Completes Corporate Class Reorganization of Total Return Index ETFs

December 02, 2019

Horizons ETFs Management (Canada) Inc. announced today that it has completed the reorganization of fifteen exchange-traded funds listed in the table below into Horizons ETF Corp., a multi-class corporate fund structure managed by Horizons ETFs, as approved by unitholders of the ETFs at special meetings held last month.


Horizons ETFs Reduces Management Fees on Equal Weight Banks, REIT and Canadian Preferred Share Index ETFs

December 02, 2019

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) has lowered the management fees on three of its Canadian equity exchange traded funds (“ETFs”), effective December 1, 2019.


Non-Cash Distributions Announces for the BetaPro Marijuana Companies Inverse ETF and the BetaPro S&P/TSX 60™ 2X Daily Bull ETF

November 28, 2019

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) announced today the non-cash distributions to unitholders of the BetaPro Marijuana Companies Inverse ETF (“HMJI”) and the BetaPro S&P/TSX 60™ 2x Daily Bull ETF (“HXU”).


Horizons ETFs Completes Corporate Class Reorganization of BetaPro and Commodity-focused ETFs

November 28, 2019

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) announced today that it has completed the reorganization (the “Reorganization”) of twenty-nine exchange-traded funds (the “Reorganized ETFs”) listed in the table below into Horizons ETF Corp., a single multi-class corporate fund structure managed by Horizons ETFs, as approved by unitholders of the ETFs at special meetings held earlier this month. The Reorganization was effected after the close-of-business on November 27, 2019


Horizons ETFs Announces November 2019 Distributions for its Covered Call ETFs

November 22, 2019

Horizons ETFs Management (Canada) Inc. is pleased to announce the distribution amounts per unit for its suite of covered call exchange traded funds, for the period ending November 30, 2019.


Horizons ETFs Announces November 2019 Distributions for Certain Active ETFs

November 22, 2019

Horizons ETFs Management (Canada) Inc. is pleased to announce the distribution amounts per unit for certain of its exchange traded funds for the period ending November 30, 2019.


Horizons ETFs wins Five Lipper Fund Awards

November 14, 2019

Horizons ETFs Management (Canada) Inc. is proud to announce that four of its exchange traded funds won “best” in their respective ETF categories at the 2019 Lipper Fund Awards from Refinitiv.


Horizons ETFs Announces Unitholder Approval of Proposed Corporate Class Reorganization for BetaPro Gold Bullion -2x Daily Bear ETF

November 13, 2019

With approval on BetaPro Gold Bullion -2x Daily Bear ETF, unitholder approval for all ETFs that are part of the corporate class reorganization is now complete


Horizons ETFs Announces Unitholder Approval of Proposed Corporate Class Reorganization for Certain ETFs

November 12, 2019

43 ETFs received unitholder approval for corporate class reorganization proposed in August 2019


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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 units 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 15.00% and 35.00% 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.