Horizons ETFs - Prospectus

Horizonts ETF is a member of Mirae Asset Global Investments. Fees, administrative expenses and expenses are likely to be related to Horizonos ETF Management (Canada) Inc. ("Horizo ​​ns Exchange Traded Products") are managed by investment in listed products. Horizo ​​ns Exchange Traded Products are not guaranteed, its value will change frequently and past results may not be repeated. The prospectus contains important details about Horizon's Exchange Traded Products. Please read the related prospectus before investing.

Horizo ​​ns Exchange Traded Products includes ETF ("ETF of 2)", "Reverse ETF" ("Reverse ETF") of the bullish market twice a day and twice a day of the bear market, BetaPro Products are included. (It is defined as follows.) Twice a day ETFs and other specific BetaPro products use leveraged investment technology to amplify profits and losses and the return volatility may increase. These BetaPro products are susceptible to leverage risk and may be affected by aggressive investment risk and price fluctuation risk. If applicable, it is stated in each prospectus. For each ETF twice a day, we will calculate a pre-return on cost and expense, ie 200% or -200% of the performance of the specified standard index, product or benchmark ("goal") per day. The rate of return required by each reverse ETF is -100% of the target company's performance. For daily return complex, the return on the 2nd day ETF or reverse ETF may vary by day, in the case of twice the day ETF, it comes from the direction of the performance of each target There are cases. The target of the BetaPro product is the S & P 500 VIX Short-term Futures Index TM ("VIX ETF") which is a speculative investment vehicle rather than a traditional investment as stated in the prospectus. The VIX ETF's goal is very unstable. Therefore, the VIX ETF is not generally considered an independent long-term investment. Historically, VIX ETF 's goal is to return to a historical average. Therefore, VIX ETF target performance is expected to have a negative impact on the long term, and VIX ETF and its target companies are not expected to achieve long-term results. Investors need to monitor the holding situation frequently every day to confirm that they are consistent with the investment strategy.

* The indicated rate of return is calculated for each year, including the change in value per unit and reinvestment of all dividends or distributions, without considering the option fee to be paid, redeemed, distributed or securities holder Total synthetic revenue in the past. Reduce income tax returns. The rate of return shown in the table is not intended to reflect the future value of ETFs or the return on investment of ETFs. Annualized return is a return of more than 1 year only

The name of ETF or ETN does not always represent the role of ETF. Just because its name "oil" does not mean that it completely tracks the oil. We need to understand more. Each ETF basically has a prospectus that explains the specific ETF tracking and its transaction method. If you have not read the prospectus, I wish you good luck. You may buy very strange things. This is very bad. Yes, some people still think they think that they are long-term crude. The worst part? They actually totally calculated bottom, but they still lost money. But there are some good news. Anyone can avoid this trap Please read the prospectus. In this example, this is what the USO said.

Prospectus disclosure document explaining investment trusts or ETFs. There is a prospectus for each investment trust or ETF. The prospectus contains information on the fund's costs, investment objectives, risks and achievements. You can obtain its prospectus from an investment trust company or an ETF sponsor (via its website or by phone or post). Your financial expert or broker can also provide you a copy. Redemption fee - the shareholder fee charged by the investment trust when the investor redeems (or sells) the shares of the investment trust within the specified period of purchase of the shares. The redemption fee (which must be paid to the fund) is different from the backend's load (which is usually paid to the broker) (perhaps in another way). The US Securities and Exchange Commission normally limits the redemption fee to 2%.