Horizons Active Cdn Municipal Bond ETF

The investment objective of HMP is to seek to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars. The ETFs portfolio sub-advisor, Fiera Capital Corporation (Fiera or the Sub-Advisor), uses in-depth credit analysis and other fundamental research to select debt securities for HMPs investment portfolio. HMP primarily invests in a portfolio of Canadian municipal bonds denominated in Canadian dollars and the ETF will be substantially invested under normal conditions.