Horizons Active Global Fixed Income ETF

The investment objective of Horizons HAF is to seek to provide Unitholders with: (i) a stable stream of monthly distributions; and (ii) the opportunity for capital appreciation through a tactical asset allocation strategy that includes managing the duration and yield of its exposure to debt (including debt-like securities) according to the prevailing interest rate environment Horizons HAF employs a strategy which seeks to optimize tactical asset allocation among debt (including debt-like asset classes) and uses fundamental credit research to select issuers that, based on the Sub-Advisors view, are believed to offer attractive risk adjusted returns.