Horizon Core Equity ETF

Key Statistics

Historical Performance

Total return including reinvested distributions, from adjusted closing prices.

Top Holdings

Top 25 holdings as of Feb 28, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About STOX

The Core Equity Fund is an actively managed exchange-tradedfund (“ETF”) that seeks to achieve its investment objective by investing primarily in equity securities and other investmentcompanies (including ETFs) that invest in equity securities. The Fund’s investment adviser, Horizon Investments,LLC (“Horizon”), employs a flexible approach that combines active management and quantitative models to allocate the Fund’sportfolio among issuers, sectors, and/or factors (such as growth, value, momentum, quality, size, and volatility). Horizon selects securitiesbelieved to offer the highest projected return for a given level of risk, using a multi-disciplinary approach that includes economic,quantitative, and fundamental analysis. Horizon selects portfolio investments without restriction as to the issuer’s market capitalization. Under normal circumstances, the Core Equity Fundwill invest at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities. For purposesof this policy, equity securities means common and preferred stock, convertible debt securities, American Depositary Receipts (“ADRs”),real estate investment trusts (“REITs”), derivative instruments that provide exposure to or are otherwise related to equitysecurities as well as other investment companies that invest primarily in these instruments. Options: The Core Equity Fund may seek to generateincome through an options strategy involving primarily put spreads on broad-based securities indices, such as the S&P 500, or ETFsthat track broad-based indices. Put spread transactions consist of selling a put option on a portion of the Fund’s portfolio andpurchasing a put option of the same maturity with a lower strike price. This strategy is designed to generate income from the premiumsreceived on the sold put options while the purchased put options provide a hedge against declines in the value of the reference asset.The use of this strategy is expected to increase the Fund’s volatility. Options purchased by the Fund will generally be exchange-traded,including Flexible Exchange Options (“FLEX Options”). FLEX Options are customizable exchange-traded contracts guaranteed forsettlement by the Options Clearing Corporation (the “OCC”), with customizable terms such as exercise price, exercise style,and expiration date. During periods of stable or rising equity markets,the premiums received from sold put options may exceed the losses, causing the strategy to outperform similar strategies without soldput options. Conversely, during periods of falling markets, losses from the sold put options may exceed the premiums received, causingthe strategy to underperform. However, losses will be hedged at values below the strike price of the purchased put options. The Fund may use options opportunistically, with theiruse varying based on Horizon’s market outlook, risk assessment, and portfolio management objectives. Options may also be used forhedging purposes, managing portfolio risk, or enhancing return potential in a cost-effective manner. The Fund’s investment strategies,including the use of options, are subject to change based on Horizon’s ongoing assessment of market conditions and investment opportunities. The Fund may also buy or write put and call optionson individual securities, including ETFs, or indices for investment purposes, hedging, or generating additional income. These strategiesmay involve covered call writing, where the Fund writes call options on underlying positions to generate income, or cash-secured puts,where written put options are collateralized by cash or other securities. The Fund may also write options on securities it does not holdin its portfolio (i.e., “naked” options), which carry the potential for unlimited loss. The Fund’s option strategies may also involvecombinations, such as spreads, straddles, and collars. In a spread transaction, the Fund buys and writes options on the same underlyinginstrument with different strike prices, expiration dates, or both, seeking to profit from differences in premiums or market prices. Ina straddle, the Fund simultaneously buys or writes put and call options on the same instrument with identical strike prices and expirationdates. A collar involves combining a purchased put option with a written call option on the same security to limit downside risk whilecapping upside potential. Premiums received from writing options offset, in part, the cost of purchasing options; however, downside protectionmay be limited compared to owning a single option outright. There is no limit on the number or size of options transactions in whichthe Fund may engage.

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