Horizon Nasdaq-100 Defined Risk ETF (QGRD)

The Horizon Nasdaq-100 Defined Risk ETF (ticker QGRD) is an actively managed exchange-traded fund from Horizon Investments. It seeks exposure to the Nasdaq-100 Index while using an options-based hedge to limit the size of potential losses.

The fund holds Nasdaq-100 equity exposure and combines it with a put option position intended to protect against market declines beyond a defined level. The managers maintain and roll the hedge over time, which shapes how much of the index's downside and upside the fund experiences.

The strategy targets investors seeking large-cap growth and technology exposure with a built-in risk-management component.