Actively Managed, DiversifiedThe advantages of experienced, active portfolio management over a passive index-tracking strategy have traditionally come at a relatively high cost. In a low-interest rate environment, fees matter, especially for fixed income investors.

The Horizons Active Corporate Bond ETF (“HAB”) offers investors the best of both worlds – an actively managed solution with a management fee that is more in-line with index-strategy ETFs. It also provides investors with the opportunity for long-term moderate capital growth.

HAB invests primarily in a diversified portfolio of debt securities issued by Canadian and U.S. companies, directly and/or through investments in other investment funds, including exchange traded funds. HAB seeks to hedge, to the best of its ability, any non-Canadian dollar currency exposure to the Canadian dollar at all times.

Get the Active AdvantageTM

• An actively managed corporate bond portfolio can potentially capture more value from the asset class than passive or do-it-yourself approaches

• Fiera Capital has better access to new corporate issues compared to passive index-tracking ETFs

• Fiera Capital is not constrained by an index methodology and can choose when to buy and sell bonds. As an industry leader in Fixed Income investing, Fiera Capital gets institutional pricing on trade execution

Horizons Active Corporate Bond ETF (HAB)

ETF Snapshot Name: Horizons Active Corporate Bond ETF

Launch Date: July 15, 2010

Ticker: HAB

Management Fee:1

0.50%

Investment Manager: Horizons ETFs Management (Canada) Inc.

Sub-Advisor: Fiera Capital Corporation

Distribution Frequency: Monthly

Distribution Tax Treatment: Primarily taxed as interest income

Eligibility: All registered and non-registered investment accounts

1Plus applicable sales tax.

Fiera Capital’s Tactical Fixed Income Process

Identify key factors

Determine outlook for those factors

Compare outlook to what is already discounted in the market

Trend analysis

Interest rate anticipation and yield curve positioning

Sector allocation

Security selection

Short-term trading

INVESTMENT PROCESS

HorizonsETFs.com

Innovation is our capital. Make it yours.

Commissions, management fees and expenses all may be associated with an investment in Horizons Active Corporate Bond ETF (the “ETF”) managed by Horizons ETFs Management (Canada) Inc. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.The sub-advisor and investment manager have a direct interest in the management fees of the ETF, and may, at any given time, have a direct or indirect interest in the ETF or its holdings.

To learn more, please visit www.HorizonsETFs.com/HAB

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Horizons Active Corporate Bond ETF (HAB)

Fiera Capital Corporation

Fiera Capital Corporation (“Fiera Capital”) is one of the largest fixed income managers in Canada, publically traded with offices across the U.S. and Canada, Fiera Capital has become a leader in the realm of non-traditional investment solutions. It has vast experience and expertise in Canadian fixed income, North American preferred shares, Canadian and foreign equities, asset allocation and alternative strategies.

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