Horizon Nasdaq-100 Defined Risk ETF

Frequently Asked Questions About QGRD

What does QGRD invest in?

Horizon Investments, LLC (“Horizon” or the “Adviser”) seeks to achieve the fund’s investment objective by investing primarily in Flexible Exchange Options (“FLEX Options”) that provide exposure to the Nasdaq-100 Index and implementing an options-based strategy that seeks to generate income, manage volatility and reduce downside risk.

What is the expense ratio of QGRD?

Horizon Nasdaq-100 Defined Risk ETF (QGRD) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is QGRD?

Horizon Nasdaq-100 Defined Risk ETF (QGRD) manages $168.5M 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 QGRD actively managed or an index fund?

QGRD is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (QGRD's is 0.85%) in exchange for the discretion to over- or under-weight positions.

When was QGRD launched?

Horizon Nasdaq-100 Defined Risk ETF (QGRD) launched in July 2025 and is managed by Horizon Funds.

How has QGRD performed?

QGRD'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.