HBP S&P/TSX Energy Bull and Bear + ETF

ETF fact sheet

Investment Highlights

The Horizons BetaPro Capped Energy Bull+ ETF (HBP Energy Bull+ ETF) and the Horizons BetaPro Capped Energy Bear+ ETF (HBP Energy Bear+ ETF) seek daily investment results equal to 200% the daily performance, or inverse daily performance, of the S&P/TSX Capped Energy Index™, before fees and expenses. The Index includes stocks belonging to the S&P/TSX Energy industry sector classification, with the weight of any one company capped at 25% of the market capitalization of the Index.

Fund Performance as of January 31, 2010

HBP S&P/TSX Energy Bull and Bear + ETF net returns for month ended January 31, 2010 were:

1 Month3 Month6 MonthYTD1 Year3 Year5 YearSince Inception
Bear13.03%-0.53%-19.50%13.03%-66.26%---34.91%
Bull-12.46%-3.25%10.93%-12.46%65.96%---33.76%
S&P/TSX Capped Energy-6.36%-1.67%5.79%-6.36%35.61%-4.74%5.82%-

Historical Returns

The following table shows the cumulative growth of $10,000 initial investment in the fund.

Chart showing growth of $10000

Top Holdings

As of January 31, 2010

Suncor Energy19.52%
Canadian Natural Resources13.72%
EnCana Corp.9.11%
Cenovus Energy6.88%
Talisman Energy6.66%
Canadian Oil Sands Trust4.98%
Nexen Inc.4.53%
Imperial Oil3.62%
Crescent Point Energy2.83%
Penn West Energy Trust2.74%
Total74.59%

Sub-Advisors

ProShare Advisors LLC

ProShares is part of the $28 billion ProFunds Group, the leader in short and leveraged ETFs and mutual funds, managing approximately 85% of the nation's short and leveraged fund assets. ProFunds Group also includes the family of more than 100 ProFunds mutual funds and manages the Canada-based Horizons BetaPro ETFs. ProFunds Group describes the portfolio managers common to ProFund Advisors LLC, advisor to ProFunds mutual funds; and ProShare Advisors LLC, advisor to ProShares ETFs.

BetaPro Management Inc.

BetaPro Management Inc. (“BetaPro”) is an innovative financial services company and Canada’s sole provider of leveraged and inverse leveraged ETFs. HBP ETFs allow investors to profit or protect in bull and bear markets. The company currently manages over $1.75 billion through 28 ETFs. BetaPro is an associate of Jovian Capital Corporation, a publicly traded management and holding company with interests in a variety of financial service firms specializing in wealth and asset management; listed on the TSX (JOV). The Jovian group of companies operates as a national financial services organization with approximately $14.6 billion of client assets.

Fund Details

Symbol (Bear):HED
Symbol (Bull):HEU
Inception Date:June 19, 2007
Registered Account Availability:Yes
Management Fee:1.15%
Distributions:n/a

All Horizons BetaPro Bull+ and Bear+ Exchange Traded Funds ("HBP ETFs") use leveraged investment techniques that magnify gains and losses and result in greater volatility in value. All HBP ETFs are subject to aggressive investment risk, leverage risk, and price volatility risk, which are described in the HBP ETF's prospectus. Each HBP ETF seeks a return that is either 200% or -200% commodity or benchmark (the "target") for a single day. Due to the compounding of daily returns, a HBP ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of the specified underlying index for the same period. Investors should monitor, as frequently as daily, their holdings to ensure that it remains consistent with their investment strategies. Commissions, management fees and expenses all may be associated with HBP ETFs. HBP ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

Source: CTVglobemedia Publishing Inc.

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