Horizons Active Cdn Bond ETF

The investment objective of HAD is to seek long-term returns primarily through maximized interest income and capital appreciation. HAD invests primarily in a portfolio of Canadian debt (including debt-like securities) denominated in Canadian dollars. To achieve Horizons HADs investment objectives, the ETFs Sub-Advisor uses research on Canadian economic conditions and their impact on interest rates to select fixed income securities that, based on the Sub-Advisors view, are believed to offer superior risk adjusted returns relative to passively managed Canadian bond indices.