# Grayscale Horizen Trust (ZEN) (HZEN): Mutual Fund Facts & Distributions

> Markdown mirror of https://www.dividenddata.com/funds/hzen for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice.

- Issuer: Grayscale · Asset class: Equity
- Strategy: Actively Managed · Inception: 2021-10-19

Established on July 3, 2018, and headquartered in New York, NY, Grayscale Horizen Trust functions as a closed-end investment vehicle.

## Key Facts

| Metric | Value |
|---|---|
| Price | $0.62 |
| Expense Ratio | — |
| Assets Under Management | $10.1M |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $0.32 – $2.95 |
| Beta | 3.13 |

## Frequently Asked Questions

### What does HZEN invest in?

Established on July 3, 2018, and headquartered in New York, NY, Grayscale Horizen Trust functions as a closed-end investment vehicle.

### What is the expense ratio of HZEN?

An expense ratio for Grayscale Horizen Trust (ZEN) (HZEN) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

### How big is HZEN?

Grayscale Horizen Trust (ZEN) (HZEN) manages $10.1M 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 HZEN actively managed or an index fund?

HZEN is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions.

### When was HZEN launched?

Grayscale Horizen Trust (ZEN) (HZEN) launched in October 2021 and is managed by Grayscale.

### How has HZEN performed?

HZEN's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does HZEN pay a dividend?

Grayscale Horizen Trust (ZEN) (HZEN) 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 HZEN pay dividends?

Grayscale Horizen Trust (ZEN) 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 HZEN's dividend yield?

HZEN's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is HZEN's next ex-dividend date?

HZEN hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page.

### Why is HZEN's expense ratio not shown?

Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Grayscale Horizen Trust (ZEN) (HZEN). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number.

### How does HZEN charge its expense ratio?

The expense ratio is deducted in tiny daily slices from HZEN'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.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/hzen
- Distribution history: https://www.dividenddata.com/funds/hzen/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/hzen/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/hzen/expenses
- Peer comparison: https://www.dividenddata.com/funds/hzen/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.