---
ticker: "FLXN"
name: "Horizon Flexible Income ETF"
url: "https://etf.net/etf/FLXN"
grade: "C"
score: 43
graded_at: "2026-10-12"
category: "US High Yield"
category_rank: "61 of 85"
methodology: "https://etf.net/methodology"
---

# FLXN: Horizon Flexible Income ETF

Grade **C**, Score 43 of 100. Rank 61 of 85 in US High Yield.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 6 | 80 of 85 |
| Mission | 92 | 36 of 74 |
| Risk | 47 | 52 of 85 |
| Tradability | 58 | 29 of 85 |
| Holdings | 21 | 80 of 85 |
| Durability | 21 | 81 of 85 |

## Top holdings

The fund holds 6 positions. These are the largest 6, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SPHY | State Street SPDR Portfolio High Yield Bond ETF | 69.11% |
| 2 | USHY | iShares Broad USD High Yield Corporate Bond ETF | 29.62% |
| 3 | — | First American Government Obligations Fund 12/01/2031 | 0.87% |
| 4 | — | Cash & Other | 0.46% |
| 5 | — | Spy 10/29/2026 713.82 P | 0.02% |
| 6 | — | Spy 10/29/2026 741.93 P | <0.01% |

Source: etf.net, https://etf.net/etf/FLXN. Please cite the page URL.