Using Insider Commitment to Potentially Increase PerformanceThe level of insider commitment of a stock, that is the level of purchase and/or ownership of a company by its officers and directors, could be a powerful confirmation signal on whether to buy one stock over another.

The Horizons Cdn Insider Index ETF (“HII”) is the first ETF in Canada that uses insider commitment data to determine which stocks it will hold. HII seeks to replicate, to the extent possible, the performance of the INK Canadian Insider Index (the “Index”), net of expenses. The Index is designed to provide exposure to the performance of 50 TSX-listed stocks that hold positive metrics of a combination of fundamental valuations, insider commitment and price momentum.

Key Features:• Only ETF in Canada that uses insider confirmation metrics in its stock selection

process• Gives Canadian equity investors diversified access to many stocks not widely

held in Canadian portfolios (mid-cap/small-cap bias)• Buys low and sells high via automatic semi-annual rebalancing to an equal-

weighted portfolio of 50 stocks

Ink Canadian Insider IndexThe Index is a core Canadian equity Index, which is comprised of 50 equity securities that provide, in aggregate, diversified Canadian market exposure. The issuers are selected based on INK Research’s proprietary INK Edge® V.I.P. (Value Insider Price) screening criteria — a three category, equal-weight methodology measuring valuations, insider commitment and price momentum.

V Valuation Rankings I Insider

Commitment P Price Momentum

• Trailing 12-month P/E• Trailing 12-month price-to-book ratio• Trailing 12-month price-to-sales ratio• Trailing 12-month EV* to EBITDA**• Trailing 12-month price-to-cash flow

price-to-cash• Shareholder yield (trailing 12-month

buyback yield + dividend yield)

• Recent net insider buying dollar amounts; higher weight given to more recent purchases

• Beneficial insider holdings of equity securities on market cap basis

• Intensity: level of insider buying by senior executives

• Over 3-month period• Over 6-month period• Over 12-month period

*Enterprise Value **Earnings Before Interest, Taxes, Depreciation and Amortization

Horizons Cdn Insider Index ETF (HII)

ETF Snapshot Name: Horizons Cdn Insider Index ETF

Launch Date: January 21, 2015

Ticker: HII

Management Fee:1

0.65%

Investment Manager: Horizons ETFs Management (Canada) Inc.

Underlying Index: Ink Canadian Insider Index

Bloomberg Index Ticker: INKCINP

Distribution Frequency: Quarterly

Rebalanced: Semi-Annually

Eligibility: All registered and non-registered investment accounts

PACC/SWP/DRIP Eligible: Yes

1Plus applicable sales taxes.

HorizonsETFs.com

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Commissions, management fees and expenses all may be associated with an investment in Horizons Cdn Insider Index ETF (the “ETF” ) managed by Horizons ETFs Management (Canada) Inc. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.

To learn more, please visit www.HorizonsETFs.com/HII

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Horizons Cdn Insider Index ETF (HII)

To be included in the Index, a stock must have:• An outstanding market capitalization of at least $250 million and a float market capitalization of $100 million at the time

of inclusion• Average monthly trading value of $2 million or more over the past year and in the month prior to the rebalance• A minimum share price of $3.00• No more than a maximum of 10 non-trading days in the previous six months, excluding days temporarily halted for a

valid reason (i.e. market news)

About INK Research Corp. INK stands for Insider News and Knowledge. INK Research Corp. operates as an independent Canadian-based financial information firm that focuses on providing commercial monitoring and research on insider trading reports in the Canadian and U.S. markets. Through its research, INK provides investors, analysts, advisors and institutions an edge in growth and value investing through better access to and understanding of insider reports.