Horizon Managed Risk ETF (SFTY)

The Horizon Managed Risk ETF is an actively managed exchange-traded fund from Horizon Investments of Charlotte, North Carolina. The fund invests primarily in U.S. equities while applying a risk-management overlay designed to soften the effect of large market drawdowns.

The approach combines equity exposure with hedging tools that can be scaled up or down depending on market conditions, aiming to deliver equity participation with lower downside volatility than an unhedged stock portfolio. As a trade-off, the protective elements can reduce gains in rising markets. The managers adjust positions actively rather than tracking an index.