May 11 Nov 11 May 12 Nov 12 May 13 Nov 13 May 14 Nov 14 May 15 Nov 15 May 16 Horizons KOSPI 200 ETF (the “Fund”) is an exchange traded fund. The Fund is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the Fund may suffer losses. The Fund invests in a portfolio of stocks of a single country, namely, South Korea, and is thus subject to higher concentration risks and is more volatile than portfolios following a more diversified policy and its portfolio value can be exposed to country specific risks. Investments in South Korea may be subject to economic, political, legal and foreign exchange risk. The value of the assets of the Fund may be affected by uncertainties such as changes in social conditions, changes in government policies, taxation, restrictions on foreign exchange and other developments in the legal, regulatory and political climate in South Korea. The majority of the Fund’s assets will be invested in securities that are denominated in Korea Won (“KRW”). Therefore, the Fund may be subject to exchange rate fluctuations between Hong Kong dollar and KRW. You may suffer a loss if KRW depreciates against Hong Kong dollar. The Fund is not “actively managed”, therefore when there is a decline in the underlying index, the KOSPI 200 Index (”the Underlying Index”), the Fund will also decrease in value. Mirae Asset Global Investments (Hong Kong) Limited (the “Manager”) will not adopt any temporary defensive positions against any market downturn. Investors may lose part or all of their investment. • • • • • • • • • • IMPORTANT: Investment objective The Fund seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index. Strategy The Manager intends to invest all, or substantially, all of the assets of the Fund directly in substantially all securities constituting the Underlying Index in substantially the same weightings as these securities have in the Underlying Index to achieve the investment objective of the Fund (“Replication Strategy”). Where the adoption of a Replication Strategy is not efficient or practicable or is otherwise at the Manager’s absolute discretion, the Manager may hold a representative sample of the constituent securities of the Underlying Index selected by the Manager using quantitative analytical models to derive a portfolio sample (”Represen- tative Sampling Strategy”). Investors should note that the Manager may switch between the Replication Strategy and the Representative Sampling Strategy without prior notice to investors, in its absolute discretion. The Manager has no intention to invest in financial derivatives instruments (or to adopt a synthetic replication strategy) nor to engage in securities lending or repurchase transactions. Investment objective and investment strategy Stock code: Trade lot size: Fund inception date: Listing date on the HKEx: Total NAV: NAV per unit: Fund Manager: Trustee: Ongoing charges over a year: Underlying Index: Base currency: Dividend policy: Financial year end of the Fund: ETF website**: 2835 500 units 12 January 2011 17 January 2011 HK$34,999,252 HK$17.4997 Mirae Asset Global Investments (Hong Kong) Limited Cititrust Limited 0.39%* KOSPI 200 Index Hong Kong dollars Annually (if any) (May in each year) 31 March www.horizonsetfs.com.hk/en/etf/2835 Source: Mirae Asset Global Investments (Hong Kong) Limited, data as of 31 May 2016. All performance numbers of the Fund are net of fees, NAV to NAV, in HKD. Index: KOSPI 200 Index. The index is a price return index and translated in HKD that does not include reinvestment of dividends / income. All information is as of 31 May 2016 unless otherwise specified. Quick facts Fund performance Cumulave performance (%) Mirae Asset Global Investments (Hong Kong) Limited Level 15, Three Pacific Place, 1 Queen’s Road East, Hong Kong www.horizonsetfs.com.hk KOSPI 200 Index Horizons KOSPI 200 ETF Total return version of KOSPI 200 Index Since Inception -13.7 -17.2 -11.4 1 Mth -4.8 -4.9 -4.8 3 Mths 7.9 7.7 8.1 YTD 1.4 0.2 0.5 1 Yr -11.4 -12.8 -11.3 2013 3.8 1.6 2.5 2014 -10.6 -11.3 -9.8 2015 -7.7 -7.8 -6.7 2012 18.8 18.9 21.2 6 Mths -1.8 -3.0 -1.3 Returns(%) Fund Index Total return 30 25 20 15 10 5 0 -5 -10 -15 -20 -25 -30 * The ongoing charges figure is an annualised figure based on expenses reported in the Sub-Fund’s interim financial statements for the six-months ended 30 September 2015, expressed as a percentage of the Sub-Fund’s average net asset value over the same period. This figure may vary from year to year. It does not include any extraordinary expenses. ** The contents of this website is prepared and maintained by the Manager and has not been reviewed by the SFC. As of 31 May 2016 Horizons Exchange Traded Funds Series Horizons KOSPI 200 ETF (2835) Generally, retail investors can only buy or sell units of the Fund (”Units”) on the Stock Exchange of Hong Kong Limited (“HKEx”). The trading price of the Units on the HKEx is driven by market factors, such as demand and supply of the Units. Therefore, the Units may trade at a substantial premium/discount to its net asset value (”NAV”). Due to fees and expenses of the Fund, liquidity of the market, foreign exchange costs, and changes to the regulatory policies, the Fund’s return may deviate from that of the Underly- ing Index. The unavailability of market prices of the index constituents of the Underlying Index arising from differences in trading sessions between the HKEx and the Korea Exchange may result in deviations of the Fund’s trading price from its NAV. Dividend distributions are not guaranteed, and therefore, investors may not receive any dividends from the Fund. Investment involves risk. Investors may lose part or all of their investment. Investors should not base on this document alone to make investment decisions. Before making any investment decision, prospective investor should read the Fund’s offering documents (available on www.horizonsetfs.com.hk) carefully for further details, including the product features and risk factors, and should consider seeking independent professional advice. The contents of the afore-mentioned website is prepared and maintained by the Manager and has not been reviewed by the Securities and Futures Commission of Hong Kong (”SFC”).