Horizons Inovestor Canadian Equity Index ETF

INOC seeks to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index (the Underlying Index, Bloomberg ticker: NQICAT), net of expenses. The Underlying Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe. To achieve its investment objectives, INOC invests and holds the equity securities of the constituent issuers of the Underlying Index (the Constituent Issuers) in substantially the same proportion as its Underlying Index. The Underlying Index was designed by Inovestor Inc., an affiliate of the ETF’s sub advisor Inovestor Asset Management (IAM or the Sub Advisor), to reflect the returns generated over time through equally weighted notional investments in 25 large capitalization Canadian companies. The Underlying Index is designed to provide exposure to high quality companies that trade at a reasonable price (QARP).