INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • August 20th, 2025 • Horizon Funds • Delaware
THIS INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”), is made effective as of the [•] day of [•], 2025, by and among Horizon Funds (the “Trust”), on behalf of Horizon Small/Mid Cap Core Equity ETF (the “Fund”), Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”) and Exchange Traded Concepts, LLC, an Oklahoma limited liability company (the “Sub-Adviser”).
INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • August 20th, 2025 • Horizon Funds • Delaware
THIS INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”), is made effective as of the [•] day of [•], 2025, by and among Horizon Funds (the “Trust”), on behalf of Horizon International Equity ETF (the “Fund”), Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”) and Exchange Traded Concepts, LLC, an Oklahoma limited liability company (the “Sub-Adviser”).
INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • August 20th, 2025 • Horizon Funds • Delaware
THIS INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”), is made effective as of the [•] day of [•], 2025, by and among Horizon Funds (the “Trust”), on behalf of Horizon International Managed Risk ETF (the “Fund”), Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”) and Exchange Traded Concepts, LLC, an Oklahoma limited liability company (the “Sub-Adviser”).