Horizon Managed Risk ETF SFTY Strategy

The investment seeks to capture the majority of U.S. large-cap equity market returns while mitigating downside risk through a “Risk Assist®” strategy. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by utilizing two primary strategies the Equity Strategy, and the Risk Assist® Strategy. The fund’s Equity Strategy invests primarily in equity securities, including common stocks of U.S. companies and Real Estate Investment Trusts (“REITs”), and American Depositary Receipts (“ADRs”).