Horizon Kinetics Texas ETF

Horizon Kinetics Texas ETF is an actively managed exchange-traded fund designed to seek long-term capital growth by investing primarily in equity securities of Texas-based companies. The fund focuses on businesses tied to the Texas economy across areas such as energy, industrials, utilities, consumer sectors, and related infrastructure, reflecting the state’s broad corporate and resource base. Its portfolio typically emphasizes publicly traded companies with significant operations, assets, or business exposure in Texas, giving investors concentrated access to a distinct regional theme within the U.S. equity market. Managed by Horizon Kinetics Asset Management LLC, the ETF is structured as an active equity fund and is used as a targeted vehicle for gaining diversified exposure to Texas-linked companies through a single portfolio.