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Beacon

QGRDHorizon NASDAQ-100 Defined Risk ETF

Grow my moneyGet incomeNewRanked #1,289 of 1,622 in this goal

Seeks capital appreciation and capital preservation.

By Horizon Investments · Launched 2025

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$88M

#3,061 of 5,562 · mid-size

Return (1Y)Goal

N/A

Track Record

11 months

#4,558 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,467+24.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 9 holdings = 100.1% of fundconcentrated

N/A
99.8%
N/A
0.3%
N/A
0.3%
N/A
0.1%
First American Government Obli
0.0%
N/A
-0.0%
N/A
-0.1%
N/A
-0.1%
N/A
-0.2%

Asset allocation

Stocks
182.7%
Other
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-9.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks capital appreciation and capital preservation.
Strategy
Invests primarily in FLEX Options providing exposure to the Nasdaq-100 Index and implements an options-based strategy to generate income, manage volatility, and reduce downside risk. Uses collars combining written call options with purchased put options for income generation and downside protection.
Inception date
July 9, 2025
Fund family
Horizon Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19