YNOT: HORIZON DIGITAL FRONTIER ETF
What this ETF is trying to do
The Horizon Digital Frontier ETF (YNOT) is an exchange-traded fund that invests in a variety of companies. Based on its top holdings, it focuses heavily on technology and semiconductor companies, as well as other ETFs that track markets in Taiwan and South Korea.
What the numbers show
As of October 5, 2026, the share price of YNOT was $34.49.
Looking at the performance:
• Year-to-Date (YTD): The price return and total return are both approximately 22.29%.
• One-Year: The price return and total return are both approximately 19.65%.
To put the one-year price return into perspective, the estimated price from roughly one year ago was $28.83. If an investor had put $10,000 into the ETF based on that estimated price, the value of those shares alone would have grown to approximately $11,965.
Top Holdings
The fund holds 110 different assets. Because the list is partial, we only see the largest holdings (updated as of October 7, 2026). The top five include: 1. iShares MSCI Taiwan ETF: 8.69% 2. NVIDIA Corp: 6.40% 3. Advanced Micro Devices Inc: 4.41% 4. Tesla Inc: 3.86% 5. Alphabet Inc Class C: 3.58%
Income and distribution explanation
Some investors use ETFs to earn regular cash payments, called distributions. However, YNOT has a distribution yield of 0% and no distributions were detected over the last 12 months. This means the fund does not currently provide cash income to its shareholders.
NAV erosion explanation
"NAV erosion" happens when the internal value of a fund's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. YNOT has an erosion score of 100, and the erosion severity is labeled as "good." The data shows no price erosion was detected, and there is no severe erosion-risk flag for this fund.
Pros
• Positive price returns over the last year and year-to-date.
• No detected NAV erosion.
• Exposure to major technology companies and international markets.
Cons
• Provides no cash income or distributions for investors.
• No three-year performance data was supplied.
Beginner takeaway
YNOT is a growth-oriented ETF rather than an income-oriented one. While it has seen a share-price increase over the last year, it does not pay out dividends. For beginners, it is important to remember that a high distribution yield can sometimes be misleading if the share price is falling; however, in this case, there is no yield to consider.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ISHARES MSCI TAIWAN ETF | EWT | 8.69% |
| 2 | NVIDIA CORP | NVDA | 6.40% |
| 3 | ADVANCED MICRO DEVICES INC | AMD | 4.41% |
| 4 | TESLA INC | TSLA | 3.86% |
| 5 | ALPHABET INC CLASS C | GOOG | 3.58% |
| 6 | ISHARES MSCI SOUTH KOREA ETF | EWY | 2.98% |
| 7 | SANDISK CORP ORDINARY SHARES | SNDK | 2.92% |
| 8 | AMAZON.COM INC | AMZN | 2.57% |
| 9 | ASML HOLDING NV ADR | ASML | 2.33% |
| 10 | JACOBS SOLUTIONS INC | J | 1.87% |