Horizons Big Data & Hardware Index ETF

HBGD seeks to replicate, to the extent possible, the performance of the Solactive Big Data & Hardware Index, net of expenses. The Solactive Big Data and Hardware Index tracks a portfolio of global companies focusing directly on data development, storage, and management-related services and solutions as well as hardware and hardware-related services used in data-intensive applications such as blockchain. To achieve HBGDs investment objective, HBGD invests and holds the equity securities of the Constituent Issuers in substantially the same proportion as its Underlying Index. Although HBGD may provide exposure to cryptocurrency miners, cryptocurrency exchanges and other companies which may themselves have exposure to cryptocurrency miners, cryptocurrency exchanges and/or cryptocurrency, HBGD will not have direct exposure to crypto-assets and/or cryptocurrencies such as bitcoin or initial coin offerings, and HBGD will not be directly involved in cryptocurrency mining.