Horizons ETFs Announces Name Changes to Two Short Term Fixed Income ETFs

TORONTO, Jan. 24, 2020

The Horizons Active Floating Rate Bond ETF will be changed to the Horizons Active Ultra-Short Term Investment Grade Bond ETF ("HFR"), while the Horizons Active US Floating Rate Bond (USD) ETF will be changed to the Horizons Active Ultra-Short Term US Investment Grade Bond ETF ("HUF"). Since inception, each of HFR and HUF have maintained an average portfolio duration of less than one year. A prospectus that reflects the new names and clarifies the investment strategies of HFR and HUF, including that each ETF will maintain a portfolio duration of less than one year, will be filed following the date of this press release, and will be available at www.sedar.com or the Manager's website at www.horizonsetfs.com

Current Name	Previous Name	Ticker	Management Fee* ARIVA.DE Börsen-Geflüster Kurse HORIZONS ACTIVE US FLOAT RATE BD ETF CAD 10,0465 $ -0,40% HORIZONS FLOATING RATE BOND ETF -   0,00% HORIZONS U.S. FLOATING RATE BO -   0,00%	Net Assets (CAD) Millions
Horizons Active Ultra-Short Term Investment Grade Bond ETF	Horizons Active Floating Rate Bond ETF	HFR	0.40%	$658.5
Horizons Active Ultra-Short Term US Investment Grade Bond ETF	Horizons Active US Floating Rate Bond (USD) ETF	HUF  / HUF.U	0.40%	$37.5

Source: Horizons ETFs, as at January 20, 2020

"The name changes to HFR and HUF are intended to more accurately reflect the underlying investment strategies that have been, and continue to be, employed by the portfolio managers of these ETFs," said Steve Hawkins, President and CEO, Horizons ETFs. "Since their launch, these ETFs have provided investment-grade corporate bond exposure with a portfolio duration of less than one year, which would clearly identify them as 'ultra-short' fixed income strategies."

In Canada, ultra-short term investment-grade bond ETFs represented more than $8 billion in ETF flows in 2019, with a market share of 12% among other fixed income maturities. Similarly, ultra-short term bond ETFs also captured 12% of the market share of fixed income flows in the United States in 2019. ¹

In November 2019, HFR received the 2019 Lipper Fund Award from Refinitiv in the Canadian Short Term Fixed Income ETF category² for the three-year period ending July 31, 2019, ranking first out of 23 ETFs eligible for consideration. The 2019 Lipper Fund Awards recognize funds that deliver consistently strong risk-adjusted performance relative to their peers, for various time periods ending July 31, 2019.

There are no changes to the management fees, ticker symbols or investment strategies of HFR or HUF. HUF is also available in a U.S. dollar version under ticker symbol "HUF.U".

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

Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers 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 has more than $10.5 billion of assets under management and 91 ETFs listed on major Canadian stock exchanges.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. 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.

Annualized Performance*

SOURCE Horizons ETFs Management (Canada) Inc.