TSX:HUG (Horizons Gold ETF)

In order to achieve its investment objective, each Commodity ETF may invest all or a portion of its portfolio in equity securities, interest bearing accounts and TBills and/or other financial instruments, including derivatives such as futures contracts, options on futures contracts, forward contracts, swap agreements, options on securities and indices, or any combination of the foregoing. None of the Commodity ETFs invest in the physical spot commodity market. HUG seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. Any U.S. dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of the ETFs ability.