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SFTX

GradeCNew York Stock Exchange Arca

Horizon International Managed Risk ETF

Active Equity · Horizon Funds · Inception 2025-12-02

$31.06−0.54 (−1.72%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Dec 4, 2025.History starts Dec 4, 2025.
Intraday session: down, 25 prints from 31.60 to 31.06. Range 30.96 to 31.60. Use the arrow keys to read each point.$31.20$31.40$31.6010 AM12 PM2 PM4 PM
Expense ratio
0.82%
Fund size
$779M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
250
Volume · 30D
0.2M sh
NAV per share
$31.15
52W range
low $25.04high $32.97

The ETF.net SFTX Grade

C

40/ 100

Rank 37 of 57 in International Active Equity⁠

Confidence Medium

Six-pillar profile for SFTX. Scores out of 100: Cost 23, Risk 52, Mission not scored, Tradability 59, Holdings not scored, Durability 59. Strongest: Tradability (59). Weakest: Cost (23). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 23
    Category rank44/57 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank33/57 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank23/57 · top 40%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank26/57 · top 46%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on SFTX

ETF.net Research

CAn international stock fund with a brake pedal. Horizon's Risk Assist strategy watches volatility and can pull the portfolio into Treasuries or cash equivalents, up to entirely, instead of riding a selloff all the way down.

Stated mandate

Seeks total return from developed- and emerging-market equity securities while systematically adjusting exposure to limit downside risk. Its Risk Assist framework can reallocate part of the portfolio to U.S. Treasury securities or cash equivalents during market volatility.

Why people hold it

  1. 01The de-risking is built into the mandate, not left to you. Risk Assist monitors volatility and falling global equity values and can shift assets to Treasuries or cash equivalents.horizonmutualfunds.com
  2. 02Wide net abroad: roughly 200 holdings spanning developed and emerging markets, reached directly or through ADRs and other ETFs.horizonmutualfunds.com
  3. 03It did not launch as a shell. The 2025 debut came with real size and moderate daily volume, so it trades like an established ticker rather than a thin one.

Worth knowing

  1. 01Downside management costs money: 0.82% a year, above the typical actively managed international fund. Pacer's PTIN runs a rules-based trend overlay for 0.02%.
  2. 02The brake works both ways. The prospectus notes the fund can sit primarily or entirely in cash equivalents, and that Risk Assist carries no guarantee against losses.horizonmutualfunds.com
  3. 03Young ETF, thin evidence. It launched in December 2025, so there is little live history showing how the strategy behaves across a full market cycle.

SFTX Holdings

As of Sep 20, 2026, 8:30 AM
Asset class
Stocks
Holdings
250
Top-10 weight
22%
Largest holding
Taiwan Semiconductor Manufacturing Co Ltd4.6%

Sectors

  • Technology22.0%
  • Financials19.5%
  • Industrials13.5%
  • Materials10.3%
  • Energy9.1%
  • Health Care7.8%
  • Consumer Discr.7.2%
  • Communication4.4%
  • Cons. Staples3.6%
  • Real Estate1.3%
  • Utilities1.2%

Geography

  • United States42.79%
  • Ireland28.82%
  • Israel11.79%
  • Peru8.30%
  • United Kingdom8.30%
The fund’s holdings, weight-ordered — page 1 of 20.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Taiwan Semiconductor Manufacturing Co Ltd4.63%463,616$36M2
002—ASML Holding NV3.69%17,232$29M2
003—Samsung Electronics Co Ltd2.64%112,449$20M3
004—SK hynix Inc1.94%11,205$15M6
005—Shell PLC1.79%293,362$14M2
006—Toronto-Dominion Bank/The1.78%112,369$14M2
007—Roche Holding AG1.52%27,171$12M3
008—TOTAL SE1.42%120,737$11M2
009—Advantest Corp1.10%41,800$9M2
010—Royal Bank of Canada1.03%39,185$8M2
011—UBS Group AG1.03%157,430$8M2
012—Novartis AG1.02%56,317$8M2
013—Rio Tinto PLC0.98%78,877$8M2
014—Agnico Eagle Mines Ltd0.97%37,823$8M3
015INDAiShares MSCI India ETF0.96%155,270$7M12

Showing 1–15 of 291 holdings

SFTX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SFTX$12,299
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. SFTX $12,299. SPY $11,430. Use the arrow keys to read each point.$9,045$10,847$12,649Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SFTX. Periods over one year show the average yearly return.
PeriodSFTX
Year to date+23.0%
1 month−0.2%
3 months−0.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SFTX
YearReturn barSFTX
2026 YTD+23.0%
2025+1.7%

History from Dec 4, 2025

SFTX in the news

ETF.net Research hasn’t filed on SFTX yet — coverage lands here as it’s written.

SFTX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $0.06. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.06

SFTX Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.06
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SFTX Cost

Expense ratio0.82%
  • The middle half of International Active Equity funds
  • Median 0.58%

41 of the 55 International Active Equity funds charge less.

SFTX costs $82.00 a year on $10,000. The median International Active Equity fund costs $58.00.