Horizons ETFs Announces Changes to Risk Ratings for Certain ETFs

TORONTO, Aug. 4, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") today announced changes to the risk ratings applicable to five of its ETFs. The changes in risk ratings are effective immediately and detailed in the table below:

ETF	Ticker	Previous Risk  Rating	New Risk  Rating
Horizons Robotics and Automation Index ETF	RBOT	Medium to High	High
Horizons Global Semiconductor Index ETF	CHPS	Medium to High	High
Horizons Seasonal Rotation ETF	HAC	Low to Medium	Medium
Horizons Canadian Utility Services High Dividend Index ETF	UTIL	Low to Medium	Medium
Horizons Canadian Large Cap Equity Covered Call ETF	CNCC	Low to Medium	Medium

These changes are the result of an annual review conducted in accordance with a standardized investment 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.

About Horizons ETFs Management (Canada) Inc. ( www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. is an innovative financial services company with one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs currently has more than $27 billion of assets under management and 113 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around the world. 

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products") and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Commissions, management fees, and expenses all may be associated with an investment in the Horizons Exchange Traded Products. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.

For investor inquiries: Contact Horizons ETFs at 1-866-641-5739 (toll-free) or [phone], or [email protected]; For media inquiries: Contact Jonathan McGuire, Assistant Vice President, ETF Strategy, Horizons ETFs Management (Canada) Inc., [phone], [email protected]