HBP DJ-AIG Agriculture Bull and Bear + ETF

Profit or Protect

in Bull & Bear markets

HBP DJ-AIG Agriculture Bull⁺ ETF (HAU)

HBP DJ-AIG Agriculture Bear⁺ ETF (HAD)

INVESTMENT OBJECTIVE

The Horizons BetaPro DJ-AIG^® Agricultural Grains Bull Plus ETF (HBP Agricultural Grains Bull⁺ ETF) and the Horizons BetaPro DJ-AIG^® Agricultural Grains Bear Plus ETF (HBP Agricultural Grains Bear⁺ ETF) seek daily investment results equal to 200% the daily performance, or inverse performance, of the DJ-AIG Grains Sub-Index(SM), before fees and expenses. The Index is a subset of the DJ-AIG Commodity Index, and provides an ideal benchmark of the performance of the corn, soybeans and wheat futures markets.

PRINCIPAL INVESTMENT STRATEGY

The HBP Agricultural Grains Bull⁺ ETF and the HBP Agricultural Bear⁺ ETF take positions in financial instruments and/or equity securities to seek daily investment results, before fees and expenses that correspond to twice the daily performance or inverse performance of the DJ-AIG Grains Sub-Index(SM). HBP ETFs are rebalanced daily, so risk is limited to the initial invested capital. As a result, 200%/-200% benchmark tracking over a longer period is dependent upon the extent of compounding and the underlying benchmark volatility. To minimize these effects, longer term investors should rebalance their HBP ETF holdings periodically.

COMPOSITION OF DOW JONES-AIG GRAINS TOTAL RETURN

The HBP DJ-AIG Agricultural Grains Bull⁺ and Bear⁺ ETFs periodically roll futures contracts each month in order to avoid physical delivery.

ETF SNAPSHOT

Ticker:	HAU / HAD
Inception Date:	March 11, 2008
Cusip:	44045J202 / 44045K100
Exchange:	TSX
Underlying Index:	Dow Jones-AIG Grains Total Return
Bloomberg Index Ticker:	DJAIGRTR
Management Fee:	1.15%
RSP and TFSA Eligible:	Yes
Portfolio Manager:	ProShare Advisors LLC

PERFORMANCE (MAY 31, 2009)

	Bear (HAD)	Bull (HAU)	Dow Jones-AIG Grains Total Return
1 Month	-21.67%	25.42%	12.50%
3 Months	-40.59%	53.82%	26.45%
6 Months	-40.05%	31.17%	20.42%
YTD	-24.47%	10.18%	9.14%
1 Year	24.73%	-57.12%	-25.47%
3 Years	-	-	11.55%
5 Years	-	-	-0.19%
Since Inception	43.16%	-60.25%	-

HISTORICAL RETURNS

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

Commodity Risk: An ETF which has exposure to the commodities markets may be subject to greater volatility than traditional securities.
Commodity indices replicate exposure to a defined basket of commodities futures contracts. On specified dates these futures contracts are rolled mechanically into a subsequent futures contract before the current position expires according to a defined schedule. This mechanism also allows the investor to maintain an exposure to commodities over time. The difference between the price at which the first futures contract is sold and the next futures contract is purchased is called the "roll yield" and is an important part of the return on a commodities investment. The overall return is therefore derived from fluctuations in commodities prices in addition to the shape of the commodity futures curve over time. Assuming prices and the shape of the curve remain constant, rolling futures will yield a positive return when the curve is in "backwardation", which describes a situation where the prices are lower in the distant delivery months than in the nearest delivery months, and a negative return when the curve is in "contango", which describes a situation where the prices are higher in the distant delivery months than in the nearer delivery months.
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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