Horizons ETFs Announces May 2020 Distributions for its Covered Call ETFs

May 22, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per unit (the “Distributions”) for its suite of covered call exchange traded funds (the “ETFs”), for the period ending May 31, 2020.


Horizons ETFs Announces May 2020 Distributions for Certain ETFs

May 22, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per unit (the “Distributions”) for certain of its exchange traded funds (the “ETFs”) for the period ending May 31, 2020.


Horizons ETFs Announces Next Exposure Roll Date of HOU and HOD

May 22, 2020

Horizons ETFs Management (Canada) Inc. (the “Manager”) is announcing Monday, June 22, 2020, as the next crude oil futures contract roll date for the exposure of the BetaPro Crude Oil Daily Bull ETF1 (“HOU”) and the BetaPro Crude Oil -1x Daily Bear ETF2 (“HOD”, and together, the “ETFs”). 


Horizons ETFs Announces Unitholder Meetings for Proposed Corporate Class Reorganization of HHF and HARC

May 22, 2020

Horizons ETFs Management (Canada) Inc. is announcing special meetings of unitholders of the Horizons Morningstar Hedge Fund Index ETF (“HHF”) and the Horizons Absolute Return Global Currency ETF (“HARC” and together, the “ETFs”) at which unitholders of the ETFs will be asked to approve a proposed corporate class reorganization of the ETFs.


Horizons ETFs Announces ETHI Index Methodology Update

May 19, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) announced today that the index methodology for the Nasdaq Future Global Sustainability Leaders USD Index (the “Index”), the underlying index of the Horizons Global Sustainability Leaders Index ETF (“ETHI”) was adjusted by Nasdaq, Inc. (“Nasdaq”), the index provider.


Horizons ETFs Announces Changes to Futures Contract Exposure of HOU & HOD

May 19, 2020

Horizons ETFs Management (Canada) Inc. (the “Manager”) announces that, further to the Manager’s press releases announcing certain amendments to the rolling methodology employed by the ETFs on April 28, 2020, the BetaPro Crude Oil Daily Bull ETF (“HOU”) and the BetaPro Crude Oil -1x Daily Bear ETF (“HOD”) (together, the “ETFs”) effective as of 2:30 p.m. (EST) today, will no longer track the September futures contract, 100% of the underlying exposure of the ETFs will roll to the October crude oil futures contract.


Horizons ETFs Announces May 2020 Share Consolidations

May 14, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) has announced today that it intends to consolidate the shares of certain exchange traded funds


Horizons ETFs Announces Shareholder Meetings for HOU and HOD

May 14, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs” or the “Manager”) is announcing special meetings of shareholders (the “Meetings”) of the BetaPro Crude Oil Daily Bull ETF (“HOU”) and the BetaPro Crude Oil -1x Daily Bear ETF (“HOD” and together, “the ETFs”) at which shareholders will be asked to approve proposed changes to the current investment objectives of the ETFs.


Horizons ETFs Announces Changes to Risk Ratings for Certain ETFs

May 05, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) has announced changes to the risk ratings applicable to certain of its ETFs.


Horizons ETFs Announces Date for the Resumption of Subscriptions for Shares of HOU and HOD

May 04, 2020

Horizons ETFs Management (Canada) Inc. (the “Manager”) announces that it will, effective as of 8am (EST) on May 5, 2020, resume the acceptance of new subscriptions for shares of the BetaPro Crude Oil Daily Bull ETF (“HOU”) and the BetaPro Crude Oil -1x Daily Bear ETF (“HOD”, and together with HOU, the “ETFs”).


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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 shares 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.