---
ticker: "FRGN"
name: "Horizon International Equity ETF"
url: "https://etf.net/etf/FRGN"
grade: "C"
score: 42
graded_at: "2026-10-12"
category: "International Active Equity"
category_rank: "34 of 57"
methodology: "https://etf.net/methodology"
---

# FRGN: Horizon International Equity ETF

Grade **C**, Score 42 of 100. Rank 34 of 57 in International Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 33 | 38 of 57 |
| Mission | Not scored | — |
| Risk | 44 | 40 of 57 |
| Tradability | 57 | 22 of 57 |
| Holdings | Not scored | — |
| Durability | 53 | 30 of 57 |

## Top holdings

The fund holds 288 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Taiwan Semiconductor Manufacturing Co Ltd | 4.41% |
| 2 | — | ASML Holding NV | 3.00% |
| 3 | — | Samsung Electronics Co Ltd | 2.79% |
| 4 | — | Shell PLC | 2.63% |
| 5 | — | Roche Holding AG | 1.95% |
| 6 | — | SK hynix Inc | 1.87% |
| 7 | — | Total SE | 1.58% |
| 8 | — | Banco Bilbao Vizcaya | 1.33% |
| 9 | — | Hitachi Ltd | 1.28% |
| 10 | — | Advantest Corp | 1.26% |
| 11 | — | Sap SE | 1.19% |
| 12 | — | Recruit Holdings Co Ltd | 1.13% |
| 13 | — | Shopify Inc | 1.03% |
| 14 | — | Canadian Nat Res Ltd | 0.99% |
| 15 | — | Bp PLC | 0.97% |
| 16 | — | Agnico Eagle Mines Ltd | 0.94% |
| 17 | — | Rio Tinto PLC | 0.91% |
| 18 | — | Schneider Electric SE | 0.90% |
| 19 | — | Siemens AG | 0.90% |
| 20 | — | Sony Group Corp | 0.89% |
| 21 | — | Suncor Energy Inc | 0.85% |
| 22 | — | Kioxia Holdings Corp | 0.77% |
| 23 | — | UBS Group AG | 0.75% |
| 24 | — | Barrick Mining Corp | 0.72% |
| 25 | — | Investor AB | 0.72% |
| 26 | — | SK Square Co Ltd | 0.66% |
| 27 | — | Cash & Other | 0.65% |
| 28 | INDA | iShares MSCI India ETF | 0.62% |
| 29 | — | China Construction Bank Corp | 0.61% |
| 30 | — | Keyence Corp | 0.60% |

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