TSX:PPLN (Horizons Pipelines & Energy Services Index ETF)

To achieve HOGs investment objectives, HOG invests and holds the equity securities of the Constituent Issuers in substantially the same proportion as its Underlying Index. HOGs Underlying Index is ordinarily rebalanced on a quarterly basis at the close of trading on each Rebalancing Date. The Constituent Issuers of its Underlying Index will be weighted equally on each Rebalancing Date. HOG seeks to replicate, to the extent possible, the performance of the Solactive Pipelines Energy Services Index, net of expenses. The Solactive Pipelines Energy Services Index is designed to provide exposure to equity securities of certain Canadian oil and gas companies in the Midstream Sector.