# Horizon Funds - Horizon Dividend Income ETF (DIVN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/divn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Horizon Funds · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-06-25 The fund, advised by Horizon Investments, LLC (“Horizon”), is an actively managed exchange-traded fund that seeks to achieve its objective primarily by investing in dividend-paying equity securities of U.S. large-capitalization companies (“Dividend Strategy”); and tactically utilizing options to generate income to the fund (“Options Strategy”). ## Key Facts | Metric | Value | |---|---| | Price | $31.69 | | Expense Ratio | 0.70% | | Assets Under Management | $353.2M | | NAV | $31.85 | | Holdings Count | 102 | | Distribution Yield (TTM) | 3.84% | | Annual Distribution (TTM) | $1.22 /share | | Distribution Frequency | Monthly | | 52-Week Range | $25.28 – $33.52 | | Beta | 0.13 | ## Latest Distribution - Amount: $0.1106 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-28 ## Frequently Asked Questions ### What does DIVN invest in? The fund, advised by Horizon Investments, LLC (“Horizon”), is an actively managed exchange-traded fund that seeks to achieve its objective primarily by investing in dividend-paying equity securities of U.S. large-capitalization companies (“Dividend Strategy”); and tactically utilizing options to generate income to the fund (“Options Strategy”). ### What is the expense ratio of DIVN? Horizon Funds - Horizon Dividend Income ETF (DIVN) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations. ### What is DIVN's dividend yield? DIVN's trailing-twelve-month yield is 3.84%, calculated from the sum of dividends over the past year divided by the current price. ### How big is DIVN? Horizon Funds - Horizon Dividend Income ETF (DIVN) manages $353.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DIVN actively managed or an index fund? DIVN is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DIVN's is 0.70%) in exchange for the discretion to over- or under-weight positions. ### When was DIVN launched? Horizon Funds - Horizon Dividend Income ETF (DIVN) launched in June 2025 and is managed by Horizon Funds. ### Does DIVN pay a dividend? Yes, Horizon Funds - Horizon Dividend Income ETF (DIVN) distributes dividends to shareholders. The trailing-twelve-month yield is 3.84%. Full dividend history is on this page. ### How often does DIVN pay dividends? Horizon Funds - Horizon Dividend Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is DIVN's next ex-dividend date? The most recently announced ex-dividend date for DIVN was 2026-09-25. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will DIVN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.70% 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 DIVN charge its expense ratio? The expense ratio is deducted in tiny daily slices from DIVN'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 DIVN cost more than a fund like VOO? DIVN is actively managed (current expense ratio 0.70%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DIVN's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DIVN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DIVN (0.70%) 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/divn - Distribution history: https://www.dividenddata.com/funds/divn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/divn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/divn/expenses - Peer comparison: https://www.dividenddata.com/funds/divn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.