Horizons Gold ETF

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 (the Underlying Index, Bloomberg ticker: SOLCGCER). HUG is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of its ability. If HUG is successful in meeting its investment objective, its net asset value should gain approximately as much on a given day, on a percentage basis, as its Underlying Index rises on that given day. Conversely, HUG’s net asset value should lose approximately as much on a given day, on a percentage basis, as its Underlying Index declines on that given day.