Horizon International Managed Risk ETF (SFTX)

The Horizon International Managed Risk ETF is an actively managed exchange-traded fund from Horizon Investments, an investment firm based in Charlotte, North Carolina. The fund invests in equities of companies outside the United States while employing a risk-management overlay.

The strategy seeks to participate in international equity markets during favorable periods while using hedging techniques intended to reduce the impact of significant market declines. Because of this protective component, the fund's returns may lag a fully invested international stock portfolio during strong rallies. Holdings and hedging positions are adjusted by the managers rather than following a fixed index.