Horizons Industry 4.0 Index ETF

FOUR seeks to replicate, to the extent possible, the performance of the Solactive Industry 4.0 Index (the Underlying Index, Bloomberg ticker: SOLIND4G), net of expenses. The Underlying Index is designed to provide exposure to the performance of equity securities of companies that are involved in the transformation of manufacturing and the industrial market through the development or implementation of new technologies and innovations. FOUR seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times. To achieve its investment objective, FOUR will be primarily invested in equity securities of the constituent issuers of the Underlying Index (the Constituent Issuers), or in American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) representing equity securities of Constituent Issuers of the Underlying Index.