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Horizons ETFs changes risk ratings for four ETFs

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Horizons ETFs Management has announced changes to the risk ratings applicable to four of its ETFs. The changes in risk ratings are effective immediately.

The risk rating for the Horizons S&P/TSX 60 Index ETF (HXT) changes from Medium to Low to Medium; the rating for the Horizons Blockchain Technology & Hardware Index ETF (BKCH) changes from High to Medium to High; the Horizons Enhanced Income Energy ETF (HEE) changes from High to Medium to High; and the Horizons Seasonal Rotation ETF (HAC) changes from Medium to Low to Medium.

The investment risk level of an ETF is determined in accordance with a standardised risk classification methodology, set out in National Instrument 81-102 Investment Funds, that is based on the historical volatility of the ETF, as measured by the 10-year standard deviation of the returns of the ETF. If an ETF has less than 10 years of performance history, the investment risk level of the ETF is calculated using the return history of the ETF, and, for the remainder of the 10 year period, the return history of a reference index that is expected to reasonably approximate the standard deviation of the ETF.

No changes have been made to the investment objectives or strategies of these ETFs as a result of the changes to the risk ratings. A summary of the risk rating classification methodology, investment objectives and strategies of an ETF can be found in the ETF’s most recently filed prospectus.

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