Horizon Expansion Leaders ETF
Fund Description
Investment Objective: The Horizon Expansion Leaders ETF seeks capital appreciation.
The Expansion Leaders Fund is an actively managed exchange-traded fund (“ETF”) that invests primarily in U.S. large-cap companies selected for strong fundamental growth, expanding operating margins, and characteristics associated with inflationary and economic growth environments. The Fund combines active management and quantitative analysis with a commodity-focused options overlay to provide complementary exposure to commodity price trends, including gold and other commodity-linked investments.
Aspects of this Fund
Domestic: Combines large-cap U.S. stocks with an options overlay strategy to enhance return potential.
Expansion Focused: Offers targeted exposure to companies with strong and improving fundamental growth, expanding operating margins, and characteristics that may benefit from higher expected inflation and economic growth.
Options Overlay: Uses options on gold and other commodity-related securities and ETFs to provide exposure to inflation-sensitive market segments.
Performance
Monthly (as of July 31, 2026)
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Quarterly (as of June 30, 2026)
| 1-Mon | 3-Mon | YTD | 1-Yr | 3-Yr | 5-Yr | Inception | |
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| NAV | - | - | - | - | - | - | - |
| Market Price | - | - | - | - | - | - | - |
| NAV | |
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| Inception | - |
Inception date for the table above is per share class; all returns greater than one year are presented as annualized returns. Inception dates for share classes can be found in the Fund Facts table above. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance shown reflects contractual fee waivers. Without such waivers, total returns would be reduced.
Premium/Discount Data (as of )
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Top 10 Holdings (as of 08/12/2026)
| Weight | Name | Ticker | CUSIP | Shares Held | Market Value |
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Holdings data as of 08/12/2026.
Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.
Disclosures:
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing.
Investing involves risk, including potential loss of principal. There is no assurance that the fund will meet its objective.
The ability of the Fund to meet its investment objective is directly related to the allocation of the Fund’s assets. Horizon may allocate the Fund’s investments so as to under-emphasize or over-emphasize investments at the wrong times or under the wrong market conditions, in which case the Fund’s value may be adversely affected.
Investments in securities in general are subject to market risks that may cause their prices to fluctuate over time, and the Fund’s investments may decline in value due to factors affecting securities markets generally, or particular countries, segments, economic sectors, industries or companies within those markets. The value of a security may decline due to general economic and market conditions that are not specifically related to a particular issuer. Markets may, in response to governmental actions or intervention, economic or market developments, trade disputes, the spread of infectious illness or other public health issues, geopolitical factors or other external factors, experience periods of high volatility and reduced liquidity, and, in extreme cases, may lead to trading restrictions and halts. These and other similar events could be prolonged and could adversely affect the value and liquidity of the Fund’s investments and negatively impact the Fund’s performance. Equity securities typically have greater price volatility than fixed income securities. The market price of equity securities owned by the Fund may go down, sometimes rapidly or unpredictably. Equity securities may decline in value due to factors affecting equity securities markets generally, particular industries represented by those markets, or factors directly related to a specific company, such as decisions made by its management. Investments in options involve risks different from, or possibly greater than, the risks associated with investing directly in securities, including leverage risk, tracking risk and, in the case of over the counter options, counterparty default risk. Option positions may expire worthless exposing the Fund to potentially significant losses.
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Horizon ETFs are distributed by Quasar Distributors, LLC.
The Fund’s commodity-linked investments may expose the Fund to particular risks associated with investments in precious metals and energy commodities in addition to risks associated with commodities markets in general.