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EXPN · HORIZON EXPANSION LEADERS ETF

$23.38
−0.5% · 1 day, price
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Fund card

<iframe src="https://etfiq.com/embed/fund/expn/" title="ETFIQ EXPN analysis" width="100%" height="420" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/expn">ETFIQ EXPN analysis</a></p>

How to embed ETFIQ charts

In one line

EXPN returned −7.7% since it first traded on Aug 12, 2026.

How does EXPN compare with older funds like it?What drove EXPN’s returns?What does EXPN hold?
Total return since launch
−7.7%to Nov 12, 2026
Expense ratio
0.75%a year
Equity fundExpense ratio 0.75%Fund assets $83m net assets, latest filing (Aug 31, 2026)First traded Aug 12, 2026Benchmark Its own holdings, as of Aug 31, 2026; its prospectus names no index it tracksSEC filings ↗

EXPN returned −7.7% from Aug 12, 2026 to Nov 12, 2026, charges 0.75% a year and holds $83m in net assets on Aug 31, 2026.

Promise check: Not measured

Analyze EXPNPut to the committeeAdd to portfolioOverlapRisk checkAlerts
Growth of $10,000

EXPN, since Aug 2026

Total return, distributions reinvested, Aug 12, 2026 to Nov 12, 2026. No second line: its benchmark is its own holdings, which have no daily price series.

EXPN $9,233 −7.7%Returns from daily closes. Data
Scorecard · vs

EXPN risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Total return

What you earned

EXPN −8.7%: total return over one month to Nov 12, 2026.
$10,000 in EXPN would be $9,130, over one month to Nov 12, 2026.
EXPN−8.7%
EXPN −8.2%: total return over three months to Nov 12, 2026.
$10,000 in EXPN would be $9,180, over three months to Nov 12, 2026.
EXPN−8.2%
EXPN −7.7%: total return since launch to Nov 12, 2026.
$10,000 in EXPN would be $9,230, since launch to Nov 12, 2026.
EXPN−7.7%
askIQ: what drove EXPN’s returns? ↗
Fees over time · hypothetical
Fees paid
$725
Of the amount
7.3%

At EXPN’s 0.75% a year, taken each year from the amount after growth. Hypothetical.

First traded Aug 12, 2026

What can be shown yet

−7.7%
Total return, since launch, Aug 12, 2026
Report
0.75%
Expense ratio
Report
50
Holdings
Report
−9.8%
Below its high
Report
EXPN has traded for 92 days. Numbers that need a year of prices are not shown yet.
Shown now
Price$23.38
First tradedAug 12, 2026
Net assets$83m
EXPN, Aug 31, 2026 to Nov 6, 2026−9.46%
Not yet
One-year returnfrom Aug 12, 2027
Three-year returnfrom Aug 12, 2029
askIQ: what can EXPN’s first months tell me? ↗

12 committee seats read EXPN on data as of Nov 12, 2026: 0 Supports, 3 Mixed, 7 Challenges, 2 without enough data.

0 Supports3 Mixed7 Challenges2 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read EXPN How the committee works

12 seats on EXPN, as of Nov 12, 2026: 3 Mixed, 7 Challenges, 2 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatNot enough data
Put EXPN to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold EXPN. Not advice.

As of Nov 13, 2026, EXPN crossed 0 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading costNot publishedNot published
Premium or discountNot publishedNot published
ConcentrationTop 10 holdings are 35.8% of the fundClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on EXPN

Every number below is on this page. Open what you need.

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Price since launch, Aug 12, 2026

$23.38−0.5%1 day, priceClose, Nov 12, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

EXPN returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 13 – Nov 12, 2026−8.7%−2.7%
3M Aug 13 – Nov 12, 2026−8.2%−2.4%
Since launch Aug 12 – Nov 12, 2026−7.7%−1.7%

Total returns, distributions reinvested. Listed Aug 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

EXPN key stats

High since Aug 12, 2026, daily closes to Nov 12, 2026 (ETFIQ)$25.92 on Aug 17, 2026
Low since Aug 12, 2026, daily closes to Nov 12, 2026 (ETFIQ)$22.62 on Nov 5, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$23.38, 23% of the way from the low to the high
Holdings50
Top ten weight35.8%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · EXPNas of Nov 11, 2026
·
Not scored1 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

EXPN for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
EXPN interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

EXPN is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

EXPN top ten by weight, 35.8% of the fund, of its 50 equity positions, from the holdings filed for Aug 31, 2026. Source: the fund’s SEC filing.

NVIDIA Corp NVDA 9.30%
Amazon.com Inc AMZN 5.58%
Micron Technology Inc MU 3.73%
Sandisk Corp SNDK 2.85%
Costco Wholesale Corp COST 2.55%
Arista Networks Inc ANET 2.38%
Cisco Systems Inc CSCO 2.38%
Seagate Technology Holdings PL STX 2.34%
Philip Morris International In PM 2.34%
Charles Schwab Corp SCHW 2.29%
Fund filings on SEC EDGAR ↗See all 50 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Aug 31, 2026. Updated when the fund files its next report.

About EXPN

Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Region (ETFIQ)United States
Expense ratio (497 XBRL, Aug 7, 2026)0.75%
Price$23.38
First tradedAug 12, 2026
Net assets (SEC filing, whole fund, as filed for Aug 31, 2026)$83mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Aug 31, 2026; its prospectus names no index it tracksReport
EXPN, Aug 31, 2026 to Nov 6, 2026−9.46%
Its book of Aug 31, 2026, the same days (ETFIQ, measured on 99% of the book by weight)−9.06%
Against its own holdings (ETFIQ)−0.39 pts
Below its high (ETFIQ)−9.8%
Holdings50
Top ten weight35.8%
Cash, not in the top ten−0.5%
Holdings as of (SEC N-PORT)Aug 31, 2026
Already in the S&P 500, by weight (ETFIQ)97.9%
Active share vs the S&P 500 (ETFIQ)76.9%
Already in the Nasdaq-100, by weight (ETFIQ)52.1%
Promise checkNot measured. It names no index it tracks.

Questions people ask about EXPN

What does EXPN cost?
The prospectus expense ratio is 0.75% a year.
What does EXPN hold?
50 positions as filed for Aug 31, 2026, with the top ten at 35.8% of the fund. 98% of its weight is in stocks the S&P 500 also holds.
How far is EXPN below its high?
9.8% below its high of Aug 17, 2026, measured on the reinvested series to Nov 12, 2026.
Sources and dates
Prices, EXPN and S&P 500 (SPY)Tiingo end-of-day · Nov 12, 2026
Fee, 0.75%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $83mSEC filing, whole fund · Aug 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Aug 31, 2026 ↗
IssuerHorizon website ↗
All fund filingsFund filings on SEC EDGAR ↗
Horizon’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, EXPN, stock fund, data as of Nov 12, 2026. https://etfiq.com/funds/expn

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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EXPN: EXPN over 3 months: total return −8.2%. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/expn/" title="EXPN: EXPN over 3 months: total return −8.2%. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">EXPN: EXPN over 3 months: total return −8.2%. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/expn">ETFIQ</a></figcaption>
</figure>

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