Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF (the HBP Double VIX ETF) invests in financial instruments that have similar daily return characteristics to two times (200%) the S&P 500 VIX Short-Term Futures Index. The HBP Double VIX ETF is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavor to correspond to twice the daily performance of the S&P 500 VIX Short-Term Futures Index. Its investment manager is BetaPro Management Inc.