The firm’s move into sponsoring and managing ETFs is part of the continued evolution and diversification of its robust solution set for today’s financial advisor.
“Expanding the ways through which advisors can meet the unique goals of each of their clients is what Horizon is all about…”
Horizon Investments, LLC, a provider to the financial advisor community of customizable investment and technology solutions, announced that it will be the adviser of Horizon Funds’ first Exchange Traded Funds (ETFs) and named Clark Allen, CFA®, CPA, CAIA® as Head of ETFs. This initiative will expand Horizon’s ability to deliver its goals-based approach to financial advisors and their clients.
Launched on the New York Stock Exchange (NYSE) on January 22nd these two ETFs mark the firm’s entry into the rapidly expanding active ETF market. These new offerings are the first in a planned family of solutions designed to complement and diversify Horizon’s existing goals-based offering and enhance its ability to support financial advisors in delivering tailored, outcome-focused solutions to their clients.
- The Horizon Expedition Plus ETF (HBTA) seeks higher volatility compared to the large-cap equity market by combining large-cap U.S. stocks with options strategies (buying and selling put and call options) to generate extra income.
- The Horizon Landmark ETF (BENJ) seeks total return by investing in U.S. Treasury Bills with maturities ranging from one to three months (as well as ETFs that have substantial exposure to such T-bills) and by engaging in options transactions such as spreads and other option combinations.
“Horizon’s operating principles are grounded in innovating how advisors can meet the unique goals of each of their clients. We have spent a lot of time over the last 18 months hearing from our financial advisor clients about what they’d like to see next from us regarding new solutions,” said John Drahzal, President & CEO of Horizon Investments. “I can think of no better person to lead these efforts than Clark as we embark on this next phase in our organization’s evolution.”
In this newly created position, Allen, who has been at Horizon since 2019 and previously served as the Director of Quantitative Research, will oversee the firm’s ambitious ETF endeavors. “The needs of today’s advisors are only getting more complex, so the tools available to the advisor community must keep pace,” added Allen. “As my colleagues and I look across the ETF landscape, we see a great deal of innovation taking place. The differentiated suite we are crafting will provide powerful new building blocks for advisors who adhere to the ‘rep-as-PM’ ethos.”
“Clark’s background and work in the quantitative and systematic investing side of our organization will be critical as he leads our efforts to design, build, and launch our suite of active ETFs designed to deliver expectational certainty to our advisors, a feature we believe is critical for goals-based portfolios,” said Scott Ladner, CIO of Horizon Investments. “We are thrilled to be introducing HBTA and BENJ, and we look forward to conversations with advisors about the exposures these funds provide and how we can continue to help them with their important work in helping their clients reach financial goals and supporting the growth of their firms.”
Horizon’s team of experts publishes regular commentary for advisors and clients on market moves and other trends of note, which you can access here.
About Horizon Investments
Horizon Investments is an industry-recognized firm that provides modern goals-based solutions to empower financial advisors to help their clients reach their financial goals. More than an investment firm, Horizon helps fuel the growth of advisory practices by offering deep expertise, proprietary technology, and customized support. Sitting at the intersection of financial technology, wealth management, and investment solutions, Horizon’s unique approach enables advisors to transform their practices and focus on what matters most: building meaningful relationships and guiding clients toward their financial goals.
Horizon has advisor clients across the country and is headquartered in Charlotte, North Carolina. For more information, please visit https://www.horizoninvestments.com/.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the fund, please click here. or call 866-371-2399. Please read the prospectus carefully before investing.
Investing involves risk, including potential loss of principal. There is no assurance that the fund will meet its objective. Investments in securities in general are subject to market risks that may cause their prices to fluctuate over time, and the Fund’s investments may decline in value due to factors affecting securities markets generally or to individual fund holdings. The value of investments in fixed income securities and securities in which the underlying investments are fixed income securities are expected to fluctuate with changes in interest rates. Investments in options involve risks different from, or possibly greater than, the risks associated with investing directly in securities, including leverage risk, tracking risk and, in the case of over the counter options, counterparty default risk. Option positions may expire worthless exposing the Fund to potentially significant losses.
Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Horizon ETFs are distributed by Quasar Distributors, LLC.
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