Horizons Morningstar Hedge Fund Index 

HHF seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that replicate the performance of the Morningstar Broad Hedge Fund Index (the ?Hedge Fund Index?), hedged to the Canadian dollar. HHF uses an index replication strategy that provides exposure to futures contracts, exchange traded funds, money market instruments and cash. HHF does not invest, directly or indirectly, in the constituent hedge funds comprising the Hedge Fund Index.