BNDY – Horizon Core Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks total return. The fund invests primarily in investment grade, U.S. dollar-denominated, fixed-rate taxable Fixed Income Instruments. The fund’s strategy is driven by a systematic approach that evaluates measures of past return and risk to identify Fixed Income Instruments determined by Horizon to exhibit favorable risk and return characteristics. Under normal circumstances, the fund will invest not less than 80% of the value of its net assets (plus the amount of borrowings for investment purposes) in Fixed Income Instruments.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BNDY	Horizon Core Bond ETF	ETF	Open	—	—	Jul 2, 2025	$501.60M	0.660%	—	—	$242.51M

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