TSX:HFR (Horizons Active Ultra-Short Term Investment Grade Bond ETF)

In order to achieve its investment objective, HFR invests primarily in a portfolio of Canadian debt including debt-like securities directly and hedges the portfolios interest rate risk by maintaining a portfolio duration that is not more than one year. HFR may also invest directly in debt of U.S. companies, directly, as well as indirectly through investments in securities of Listed Funds, as they are defined in the ETFs prospectus. HFR uses derivatives, including interest rate swaps, to deliver a floating rate of income.