EXPN - Horizon Funds - Horizon Expansion Leaders ETF
EXPN targets investments believed to benefit from an expansionary economic environment known as expansion leaders. It actively invests in US large-cap companies through an equity strategy combined with a commodity-linked options overlay strategy. The equity strategy targets common stocks, ADRs, REITs, and ETFs, focusing on companies with high correlation to inflationary economic environments, solid fundamental growth, and improving operating margin trends.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $81.8M
- Beta
- 0.00
- 52-Week Range
- 24.44-25.92
- IPO Date
- Aug 13, 2026
- Exchange
- CBOE
EXPN Options Snapshot
Options pricing data for EXPN is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The EXPN overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
EXPN fund facts: expense ratio 0.75%, assets under management $85.5M, NAV $25.67 as of the data source's update on Oct 8, 2026, 59 holdings in its latest file, launched Aug 11, 2026, issued by Horizon Funds. See the EXPN holdings.
Frequently asked EXPN overview questions
- What is EXPN?
- EXPN is the ticker symbol for Horizon Funds - Horizon Expansion Leaders ETF, an listed exchange-traded fund. EXPN targets investments believed to benefit from an expansionary economic environment known as expansion leaders. It actively invests in US large-cap companies through an equity strategy combined with a commodity-linked options overlay strategy. Listed on CBOE. EXPN is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are EXPN's key statistics?
- Horizon Funds - Horizon Expansion Leaders ETF (EXPN) carries a market capitalization of $81.8M, 52-week range of 24.44-25.92. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does EXPN belong to?
- Horizon Funds - Horizon Expansion Leaders ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare EXPN's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the EXPN data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for EXPN, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.