The investment objective of the ETF is to seek to replicate, to the extent possible, the performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index net of expenses. The Underlying Index is designed to provide exposure to the performance of equity securities of companies that are involved in the development of robotics and/or artificial intelligence. Horizons RBOT seeks to hedge its U.S. dollar value of its portfolio to the Canadian dollar at all times.