TSX:CBIL (Horizons 0-3 Month T-Bill ETF)

CBIL will generally invest in Government of Canada Treasury Bills that are denominated in Canadian dollars with maturities of 90 days or less. CBIL is a money market fund within the definition set out in NI 81-102, and complies with all applicable requirements of NI 81-102, subject to any exemptive relief therefrom. The Manager will generally endeavour to maintain a target duration for CBIL, within a certain band, by employing rules-based security selection methodology and weighting. Securities will also be subject to a screening process to ensure sufficient liquidity and to mitigate transaction costs.