TSX:HAC (Horizons Seasonal Rotation ETF)

HAC invests in an actively managed portfolio of investments. HAC invests primarily in Exchange Traded Products to gain exposure to the performance of Broad Markets or Sector Markets that at various times of the year have historically performed favourably. HAC may also invest in futures contracts to meet its investment objectives. HAC seeks to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. HACs portfolio may from time to time also include a significant amount of cash andor cash equivalents.