BENJ

The Horizon Landmark ETF expects to employ a variety of options strategies for the Horizon Landmark ETF, including purchasing and selling put and call options, as well as utilizing “spreads” and other option combinations. In “spread” transactions, the Horizon Landmark ETF buys and writes a put or buys and writes a call on the same underlying instrument with the options having different strike prices, expiration dates, or both. When the Horizon Landmark ETF engages in spread transactions, it seeks to profit from differences in the option premiums paid and received and in the market prices of the related options positions when they are closed out or sold.