QGRD – Horizon NASDAQ-100 Defined Risk ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation and capital preservation. 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.

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
QGRD	Horizon NASDAQ-100 Defined Risk ETF	ETF	Open	—	—	Jul 9, 2025	$166.69M	0.850%	—	—	$83.78M

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