Horizon Nasdaq-100 Defined Risk ETF
QGRD
NASDAQ29.65
USD
-0.54
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Horizon Nasdaq-100 Defined Risk ETF
QGRD
(NASDAQ)
Recent
price
29.65
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Horizon Nasdaq-100 Defined Risk ETF (QGRD) is an actively managed exchange-traded fund that seeks capital appreciation and preservation by providing exposure to the Nasdaq-100 Index while employing a disciplined options overlay using NASDAQ 100 FLEX options to manage downside risk, generate income, and reduce volatility. The fund invests primarily in a structured options-based strategy focused on leading Nasdaq-100 companies across sectors including technology (54.47%), communication services (16.52%), and consumer cyclical (13.28%); it holds 11 positions with an expense ratio of 0.85% and assets under management of approximately $78 million. Launched on July 9, 2025, as part of Horizons ETF Trust, the fund is advised by Horizon Investments, LLC, with headquarters in Charlotte, North Carolina, and administrative address at 625 Madison Avenue, 3rd Floor, New York, NY. QGRD targets investors seeking equity-hedged strategies in the financial services sector, particularly those pursuing growth in high-tech Nasdaq constituents with risk mitigation. Institutional ownership includes major holders such as Bank of New York Mellon Corp, Susquehanna International Group, LLP, Horizon Investments, LLC, and UBS Group AG, with 4 institutions controlling 2,870,648 shares valued at $76,846. The ETF trades on Nasdaq and is part of Horizon Investments' nationwide advisory services to financial advisors. In July 2025, QGRD launched alongside Horizon Digital Frontier ETF (YNOT) as the final two funds in a rapid wave of seven ETF introductions over three weeks, marking Horizon's aggressive expansion into goals-based solutions. This followed Horizon's broader 2025 buildout, culminating in December 2025 with three additional ETFs—International Equity ETF (FRGN), Small/Mid Cap Core Equity ETF (SMOX), and International Managed Risk ETF (SFTX)—bringing the total to 12 new ETFs launched that year, all listed on the New York Stock Exchange. These launches reflect Horizon's strategic shift to develop outcome-oriented ETFs based on advisor feedback, enhancing portfolio flexibility across risk levels without reported acquisitions, funding rounds, or reorganizations specific to QGRD.
Three Weeks, Seven ETFs: Horizon Completes Wave of New Fund Launches with Two More Actively Managed Funds