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Horizons Nasdaq 100 Covered Call ETF (QYLD)
Professional options management in an ETF
Horizons U.S. enters into strategic partnership with Cadence Capital Management

Relationship will culminate in launch of actively managed products

“Horizons US has established itself as a leader in options and covered call investing,” said Michael Skillman, CEO of Cadence Capital Management. “Together, our firms share a commitment to launching innovative, sophisticated products.”

Horizons Cadence Hedged US Dividend Yield ETF (USDY)
A multi-factor ETF that seeks to provide an income solution and long-term growth of capital

Explore our ETFs

The Horizons ETFs Group makes up one of the largest collective families of ETFs in the world. At Horizons ETFs U.S. we constantly maintain focus on our clients and the products we develop, which is driven by our core value of ETF innovation. Our growing lineup of investment products cover a diverse range of strategies including risk management, innovative and thematic access, and actively managed products. Learn more below.

The Horizons NASDAQ 100 Covered Call ETF (“Fund”) seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE NASDAQ-100® BuyWrite V2 Index.

The Horizons S&P 500 Covered Call ETF (“Fund”) seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE S&P 500 2% OTM BuyWrite Index (BXY Index).

The Horizons DAX Germany ETF (“Fund”) seeks to provide investment results that will closely correspond, before fees and expenses, to the price and yield performance of the DAX® Index.

The Horizons Cadence Hedged US Dividend Yield ETF (“Fund”) seeks income and long-term growth of capital, while potentially providing a measure of downside protection.

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© 2017 HORIZONS ETFS MANAGEMENT (US) LLC. ALL RIGHTS RESERVED.

INDIVIDUAL SHARES OF THE HORIZONS-BRANDED EXCHANGE TRADED FUNDS (THE “FUNDS”) MAY BE PURCHASED OR SOLD IN THE SECONDARY MARKET THROUGHOUT THE REGULAR TRADING DAY ON THE NEW YORK STOCK EXCHANGE OR NASDAQ EXCHANGE THROUGH A BROKERAGE ACCOUNT. HOWEVER, SHARES ARE NOT INDIVIDUALLY REDEEMABLE DIRECTLY FROM THE FUNDS. EACH FUND ISSUES AND REDEEMS SHARES ON A CONTINUOUS BASIS, AT NAV, ONLY IN BLOCKS OF SHARES (“CREATION UNITS”), PRINCIPALLY IN-KIND FOR SECURITIES INCLUDED IN THE RELEVANT INDEX. THE CREATION UNITS FOR DAX, QYLD, HSPX ARE 50,000 SHARES.

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED ON THIS WEBSITE. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST. DISTRIBUTOR: FORESIDE FUND SERVICES, LLC.

THERE ARE RISKS INVOLVED WITH INVESTING, INCLUDING POSSIBLE LOSS OF PRINCIPAL. CONCENTRATION IN A PARTICULAR INDUSTRY OR SECTOR WILL SUBJECT THE FUNDS TO LOSS DUE TO ADVERSE OCCURRENCES THAT MAY AFFECT THAT INDUSTRY OR SECTOR. THE FUNDS RISK NOT BENEFITING FROM POTENTIAL INCREASES IN THE VALUE OF UNDERLYING SECURITIES ABOVE THE EXERCISE PRICES OF THE WRITTEN COVERED CALL OPTIONS, AND ARE SUBJECT TO THE RISK OF DECLINES IN THE VALUE OF SUCH SECURITIES. EACH SECTOR FUND IS SUBJECT TO ITS OWN SPECIFIC RISK FACTORS. SEE PROSPECTUS FOR SPECIFIC RISKS REGARDING FUND.

QYLD AND HSPX BOTH ENGAGE IN OPTIONS TRADING. AN OPTION IS A CONTRACT SOLD BY ONE PARTY TO ANOTHER THAT GIVES THE BUYER THE RIGHT, BUT NOT THE OBLIGATION, TO BUY (CALL) OR SELL (PUT) A STOCK AT AN AGREED UPON PRICE WITHIN A CERTAIN PERIOD OR ON A SPECIFIC DATE. A COVERED CALL OPTION INVOLVES HOLDING A LONG POSITION IN A PARTICULAR ASSET, IN THIS CASE U.S. COMMON EQUITIES, AND WRITING A CALL OPTION ON THAT SAME ASSET WITH THE GOAL OF REALIZING ADDITIONAL INCOME FROM THE OPTION PREMIUM.

QYLD ENGAGES IN WRITING COVERED CALL INDEX OPTIONS ON THE NASDAQ-100 INDEX. HSPX ENGAGES IN WRITING COVERED CALL INDEX OPTIONS ON OPTION-ELIGIBLE STOCKS IN THE S&P 500® INDEX. BY SELLING COVERED CALL OPTIONS, THE FUND LIMITS ITS OPPORTUNITY TO PROFIT FROM AN INCREASE IN THE PRICE OF THE UNDERLYING INDEX ABOVE THE EXERCISE PRICE, BUT CONTINUES TO BEAR THE RISK OF A DECLINE IN THE INDEX. A LIQUID MARKET MAY NOT EXIST FOR OPTIONS HELD BY THE FUND. WHILE THE FUND RECEIVES PREMIUMS FOR WRITING THE CALL OPTIONS, THE PRICE IT REALIZES FROM THE EXERCISE OF AN OPTION COULD BE SUBSTANTIALLY BELOW THE INDICES CURRENT MARKET PRICE.

HORIZONS ETFS MANAGEMENT (US) LLC IS THE INVESTMENT ADVISER OF THE HSPX, DAX, AND QYLD. THE FUNDS ARE DISTRIBUTED BY FORESIDE FUND SERVICES, LLC, WHICH IS NOT AFFILIATED WITH HORIZONS ETFS MANAGEMENT (US) LLC OR ANY OF ITS AFFILIATES.

INDEX RETURNS ARE FOR ILLUSTRATIVE PURPOSES ONLY. INVESTORS CANNOT DIRECTLY INVEST IN AN INDEX AND UNMANAGED INDEX RETURNS DO NOT REFLECT ANY MANAGEMENT FEES, TRANSACTION COSTS OR EXPENSES. IN ADDITION, THE RESULTS ACTUAL INVESTORS MIGHT HAVE ACHIEVED WOULD HAVE DIFFERED FROM THOSE SHOWN BECAUSE OF DIFFERENCES IN THE TIMING, AMOUNTS OF THEIR INVESTMENTS, AND FEES AND EXPENSES ASSOCIATED WITH INVESTMENTS IN THE FUND. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. INVESTORS IN THE FUND SHOULD BE WILLING TO ACCEPT A HIGH DEGREE OF VOLATILITY IN THE PRICE OF THE FUND’S SHARES AND THE POSSIBILITY OF SIGNIFICANT LOSSES. AN INVESTMENT IN THE FUND INVOLVES A SUBSTANTIAL DEGREE OF RISK. INTERNATIONAL INVESTING INVOLVES RISKS, INCLUDING RISKS RELATED TO FOREIGN CURRENCY, LIMITED LIQUIDITY, LESS GOVERNMENT REGULATION AND THE POSSIBILITY OF SUBSTANTIAL VOLATILITY DUE TO ADVERSE POLITICAL, ECONOMIC OR OTHER DEVELOPMENTS. THESE RISKS OFTEN ARE HEIGHTENED FOR INVESTMENTS IN EMERGING/ DEVELOPING MARKETS OR IN CONCENTRATIONS OF SINGLE COUNTRIES. DIVERSIFICATION MAY NOT PROTECT AGAINST MARKET RISK OR LOSS OF PRINCIPAL. BROKERAGE COMMISSIONS WILL REDUCE RETURNS. DAX AND QYLD ARE CONSIDERED NON-DIVERSIFIED AND MAY BE SUBJECT TO GREATER RISKS THAN A DIVERSIFIED FUND.