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
$ 162.2 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 | 4.6 % |
| ASML HOLDING NV | 3.9 % |
| SAMSUNG ELECTRONICS CO LTD | 2.6 % |
| SK HYNIX INC | 2.0 % |
| SHELL PLC | 1.8 % |
| TORONTO-DOMINION BANK | 1.8 % |
| ROCHE HOLDING AG | 1.5 % |
| TOTAL SA | 1.4 % |
| ADVANTEST CORP | 1.1 % |
| NOVARTIS AG | 1.1 % |
Constituent Breakdown
| Number of holdings | 280 |
| Herfindahl-Hirschman Index | 88 |
| Wgt avg mkt cap (mns) | $227,364 |
| Large cap (>$10bn) | 91.4% |
| Mid cap ($2-10bn) | 1.5% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 70.1% |
| Emerging mkts. | 24.5% |
Sector Breakdown
Country Exposure
 |
JAPAN | 15.1 % |
 |
CANADA | 10.2 % |
 |
TAIWAN | 9.1 % |
 |
BRITAIN | 8.4 % |
 |
SOUTH KOREA | 7.1 % |
 |
FRANCE | 6.2 % |
 |
NETHERLANDS | 5.6 % |
 |
SWITZERLAND | 4.5 % |
 |
CHINA | 4.5 % |
 |
ITALY | 2.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 21.6% | -- | -- | -- | -- | -- | -- | 23.1% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.3% |
| Total Returns | 21.6% | -- | -- | -- | -- | -- | -- | 23.4% | Ann. Volatility | 21.5% | -- | -- | -- | -- | -- | -- | 20.7% |
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) | 26 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| 30d moving avg. (EMA) | $31.18 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.23/0.10 |
| Bollinger Bands (Upper/Lower) | $32.20/$29.91 |
| Short interest (% of AUM) | 0.1% |
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 |
|---|---|---|---|---|
| ACWX | iShares MSCI ACWI ex U.S. ETF | 42.2% | -41 bp | +0.4% |
| IMTM | iShares MSCI Intl Momentum Factor ETF | 40.1% | -45 bp | -0.3% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 40.0% | -55 bp | +0.1% |
| CWI | SPDR MSCI ACWI ex-US ETF | 40.0% | -45 bp | +0.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 39.4% | -27 bp | +0.1% |
| EFA | iShares MSCI EAFE ETF | 39.3% | -40 bp | -0.3% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 39.0% | -68 bp | +0.1% |
| STXI | Strive International Developed Markets ETF | 39.0% | -46 bp | -0.3% |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | 38.9% | -40 bp | -0.5% |
| SCHF | Schwab International Equity ETF | 38.8% | -69 bp | +0.1% |
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 10/10/2026
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
6.8%
ALTAR SCORE™
79th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 736 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.7%. FRGN's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places FRGN in the 79th percentile
among funds in the category.
Sell-Side Consensus
$38.83
PRICE TARGET
+24.5%
UPSIDE