U.S. Stock Returns Using a Unique Dividend Strategy The Horizons Active US Dividend ETF (“HAU”) is an actively managed ETF that seeks to provide regular dividend income and modest long-term capital growth by investing in high quality U.S. dividend paying stocks. HAU is sub-advised by Guardian Capital LP (“Guardian”), which uses an innovative stock selection process developed by its Systematic Strategies Team. Guardian may, at its discretion, hedge some or all non- Canadian dollar currency exposure to the Canadian dollar. Guardian’s GPS Investment Approach Guardian’s GPS investment approach focuses on three key fundamental drivers: Growth of dividends, Payout of cash flow, and Sustainability of the payout profile. A portfolio of stocks that offers a combination of these three factors is at the core of the GPS strategy, as a way to invest in dividend stocks. By focusing on these three drivers, Guardian aims to identify a much broader range of opportunities compared to an approach that focuses on yield alone. Key Features: • Diversified mix of high-dividend-payers, consistent dividend growers, and growth- oriented companies with lower yields • Active management seeks to take advantage of market conditions • Strong sector diversification; the ETF generally holds leading dividend stocks in at least seven of the 10 major sectors • Active stock selection can potentially reduce portfolio risk and volatility of returns • Guardian seeks to generate a 1-2% portfolio yield over the S&P 500® Index with a focus on capital growth opportunites Horizons Active US Dividend ETF (HAU; HAU.U) ETF Snapshot Name: Horizons Active US Dividend ETF Launch Date: February 25, 2015 Ticker: HAU; HAU.U 1 Management Fee: 2 0.55% Investment Manager: Horizons ETFs Management (Canada) Inc. Sub-Advisor: Guardian Capital LP Distribution Frequency: Quarterly Eligibility: All registered and non-registered investment accounts 1 Trades in U.S. dollars. 2 Plus applicable sales tax. Annual management fee reduced from 0.70% to 0.55%, effective December 1, 2018. HorizonsETFs.com Innovation is our capital. Make it yours. G P S GROWTH Dividend growth is a significant factor driving investor returns in the long term PAYOUT Focuses on high-quality stocks that can carry a high yield SUSTAINABILITY Companies must have a competitive advantage to sustain growth