FRGN
Horizon International Equity ETF
Horizon International Equity ETF seeks to provide long-term capital appreciation by investing primarily in equity securities of non-U.S. companies.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 102.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Dec 02, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 4.5 % |
| ASML HOLDING NV | 3.6 % |
| SAMSUNG ELECTRONICS CO LTD | 2.6 % |
| TORONTO-DOMINION BANK | 1.6 % |
| SHELL PLC | 1.6 % |
| ROCHE HOLDING AG | 1.5 % |
| TOTAL SA | 1.3 % |
| NOVARTIS AG | 1.1 % |
| RIO TINTO PLC | 1.1 % |
| SOFTBANK GROUP CORP. | 1.0 % |
Constituent Breakdown
| Number of holdings | 276 |
| Herfindahl-Hirschman Index | 110 |
| Wgt avg mkt cap (mns) | $175,348 |
| Large cap (>$10bn) | 82.5% |
| Mid cap ($2-10bn) | 1.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 58.7% |
| Emerging mkts. | 31.4% |
Sector Breakdown
Country Exposure
 |
JAPAN | 15.3 % |
 |
CANADA | 9.7 % |
 |
TAIWAN | 8.4 % |
 |
BRITAIN | 8.1 % |
 |
SOUTH KOREA | 6.4 % |
 |
FRANCE | 6.2 % |
 |
NETHERLANDS | 5.3 % |
 |
CHINA | 4.7 % |
 |
SWITZERLAND | 4.6 % |
 |
ITALY | 2.8 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.4% | -- | -- | -- | -- | -- | -- | 24.9% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.3% |
| Total Returns | 23.4% | -- | -- | -- | -- | -- | -- | 25.2% | Ann. Volatility | 23.0% | -- | -- | -- | -- | -- | -- | 21.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $30.38 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.57/0.60 |
| Bollinger Bands (Upper/Lower) | $32.17/$29.67 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FRGN |
Expenses vs. FRGN |
ALTAR Score™ vs. FRGN |
|---|---|---|---|---|
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 41.4% | -55 bp | -2.2% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 41.3% | -41 bp | -1.5% |
| IMTM | iShares MSCI Intl Momentum Factor ETF | 41.2% | -45 bp | -2.9% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 40.4% | -34 bp | -1.8% |
| EFA | iShares MSCI EAFE ETF | 39.7% | -40 bp | -2.0% |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | 39.4% | -40 bp | -2.0% |
| STXI | Strive International Developed Markets ETF | 38.8% | -46 bp | -1.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 38.5% | -27 bp | -2.1% |
| SCHF | Schwab International Equity ETF | 38.3% | -69 bp | -2.0% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 38.1% | -71 bp | -1.1% |
Risk and Returns: FRGN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.1%
ALTAR SCORE™
93rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. FRGN's ALTAR Score™ is approximately 1.5 standard
deviations above the category average. This places FRGN in the 93rd percentile
among funds in the category.
Sell-Side Consensus
$32.22
PRICE TARGET
+0.4%
UPSIDE
Bid/Ask Spreads
35 bp
AVG SPREAD
13 —
161 bp
RANGE