Horizons Active Ultra-Short Term US Investment Grade Bond ETF - CAD Share Price

The investment objective of Horizons Active US Floating Rate Bond (USD) ETF (the 'ETF') is to generate income that is consistent with prevailing U.S. short-term corporate bond yields while stabilizing the market value of the ETF from the effects of U.S. interest rate fluctuations. The ETF invests primarily in a portfolio of U.S. corporate debt securities and will hedge the portfolio's U.S. interest rate risk to generally maintain a portfolio duration of less than two years. The ETF may also invest in U.S government debt securities and debt securities of non-U.S. companies. The ETF may also invest in debt securities directly, or through investments in securities of other investment funds, including exchange traded funds. The ETF will use derivatives, including interest rate swaps, to deliver a floating rate of income.