PowerShares Ibbotson Alternative Completion Portfolio
Overview of the investment strategy: The Underlying Index is compiled and calculated by Ibbotson (the “Index Provider”). The Index Provider uses a proprietary methodology to select Underlying ETFs, ETNs and equity and fixed income securities covering a group of asset classes and investment strategies that the Index Provider expects to have a low correlation, or different performance characteristics, to traditional asset classes. Any asset classes or investment strategies may be included in the Underlying Index. The Adviser selects asset classes based on its five-step construction process using statistical models.
Investment universe: equities (developed and emerging markets), fixed income (developed and emerging markets), commodities, sectors, currencies.

Horizons AlphaPro Balanced ETF
Overview of the investment strategy: The investment objective of the AlphaPro Balanced ETF is to seek to provide a consistent rate of return balanced between current income and long-term capital growth. The AlphaPro Balanced ETF invests primarily in a balanced portfolio of publicly traded equity, income trust and debt securities located primarily in Canada. In order to obtain direct or indirect exposure to these securities, the AlphaPro Balanced ETF may invest in exchange traded funds and exchange traded notes. The AlphaPro Balanced ETF will, to the best of its ability, seek to hedge its non-Canadian dollar currency exposure to the Canadian dollar at all times. To achieve AlphaPro Balanced ETF’s investment objectives, the ETF’s Sub-Advisor will use a proprietary, dynamic, multi-factor ranking approach to the selection of equity, income trust and debt securities.
Investment universe: Initially, between 60% and 80% of the portfolio of the ETF will be invested in equity and equity related securities and between 20% and 40% of the ETF’s portfolio will be invested in corporate bonds, government debt and fixed income securities. Generally, no less than 70% of the ETF’s portfolio will be invested in Canadian securities or Canadian dollar denominated debt.

iShares Alternatives Completion Portfolio Builder Fund
Overview of the investment strategy: The iShares Alternatives Completion Portfolio Builder Fund seeks to provide long-term capital growth by investing primarily in iShares ETFs, managed by BlackRock Asset Management Canada Limited ("BlackRock") or an affiliate, that provide exposure to one or more alternative asset classes. The fund will ordinarily invest in iShares ETFs, but may also use individual securities and/or derivatives to gain exposure to these asset classes. BlackRock will seek to create an asset allocation for the fund through a proprietary multi-factor selection process that seeks to identify and optimally diversify certain fundamental sources of return.
Investment universe: "Alternative asset classes" includes but is not limited to, commodities, real estate investment trusts, income trusts, real return bonds, emerging market equities, emerging market bonds, high yield bonds, specialty equities, infrastructure and private equity.