TEXX – Horizon Kinetics Texas ETF – ETF Investment Strategy

Strategy

The investment seeks long-term growth of capital. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in the equity securities of Texas companies. Under normal circumstances, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) will be invested in securities of Texas companies. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TEXX	Horizon Kinetics Texas ETF	ETF	Open	—	—	Jan 21, 2026	$2.88M	0.850%	—	—	—

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Horizon Kinetics Texas ETF TEXX Strategy

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