FLXN ETF — Horizon Flexible Income ETF

Horizon Flexible Income ETF (FLXN)

FLXN is an ETF. As of August 19, 2026, its distribution rate is 8.44%, its trailing-12-month yield is 9.23%, its expense ratio is 0.82%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 8.6% over the past 1.1 years, 15.5 points behind SPY at 24.1%.

At the current 8.44% distribution rate, a $10,000 investment would generate approximately $844 per year, or $70.33 per month on an equivalent basis.

Horizon Flexible Income ETF is an actively managed ETF that invests primarily in non-investment grade fixed income securities, including bonds, notes, loans, mortgage and asset-backed securities, preferred stocks, and related derivatives. The fund carries a modest current distribution rate and has an expense ratio of 0.82%. It appeals to income investors seeking exposure to below-investment-grade debt instruments with active management.

FLXN performance versus SPY

Data as of August 19, 2026.

Fund total return is 8.6% over the past 1.1 years, 15.5 points behind SPY at 24.1%. Its deepest 1-year drawdown was 3.4%.

FLXN key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

Horizon Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

07/02/2025

Expense ratio

0.82%

Distribution rate

8.44%

Trailing yield

9.23%

Last close

$24.88

AUM

$80,261,319

Average volume

4860.0

Last dividend

$0.2000

Ex-dividend date

07/27/2026

Payment date

07/28/2026

Beta

0.3479

P/E ratio

25.3917

How Dividend Vision calculates yield and returns

Distribution rate (8.44%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (9.23%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Horizon Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FLXN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.4%.

Who may consider FLXN — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Horizon Investments.