# Horizon Landmark ETF (BENJ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/benj for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Horizon Funds · Asset class: Fixed Income - Strategy: Thematic · Inception: 2025-01-22 The Horizon Landmark ETF is primarily designed to maximize overall investment growth for its holders, achieving this through both capital appreciation and any income generated. ## Key Facts | Metric | Value | |---|---| | Price | $53.43 | | Expense Ratio | 0.40% | | Assets Under Management | $359.0M | | NAV | $53.42 | | Holdings Count | 3 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $51.47 – $53.45 | | Beta | 0.00 | ## Frequently Asked Questions ### What does BENJ invest in? The Horizon Landmark ETF is primarily designed to maximize overall investment growth for its holders, achieving this through both capital appreciation and any income generated. ### What is the expense ratio of BENJ? Horizon Landmark ETF (BENJ) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of BENJ? Effective duration measures BENJ's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BENJ's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of BENJ? BENJ's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of BENJ? Yield to maturity (YTM) is the total return you'd earn from BENJ if every bond in the portfolio is held to maturity at the current price. BENJ's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is BENJ? Horizon Landmark ETF (BENJ) manages $359.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does BENJ pay a dividend? Horizon Landmark ETF (BENJ) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BENJ pay dividends? Horizon Landmark ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BENJ's dividend yield? BENJ's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BENJ's next ex-dividend date? BENJ hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will BENJ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BENJ charge its expense ratio? The expense ratio is deducted in tiny daily slices from BENJ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BENJ cost more than a fund like VOO? BENJ's strategy (current expense ratio 0.40%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BENJ sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BENJ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BENJ (0.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/benj - Distribution history: https://www.dividenddata.com/funds/benj/dividend - Holdings & diversification: https://www.dividenddata.com/funds/benj/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/benj/expenses - Peer comparison: https://www.dividenddata.com/funds/benj/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.