FLXNHorizon Flexible Income ETF
Seeks current income.
By Horizon Investments · Launched 2025
0.82%
#4,452 of 5,913 · expensive
$50M
#3,642 of 5,913 · mid-size
8.44%
1 year
#4,440 of 5,913 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 4 holdings = 100.3% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Bond profile
Duration
6.7 years
Avg maturity
9.8 years
Credit ratings
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks current income.
- Strategy
- Actively manages a portfolio primarily invested in non-investment grade income producing instruments, including high yield bonds and derivatives. May use options to manage risk or generate additional income, engaging in frequent trading based on market conditions.
- Inception date
- July 2, 2025
- Fund family
- Horizon Investments
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-15