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Horizon Defined Risk Advisor (HADRX)

69.29 -0.57 (-0.82%)
At close: 8:00 PM EDT

Fund Summary

The fund's investment adviser seeks to achieve the fund's investment objective by investing in a broadly diversified portfolio of equity securities (the "Equity Portfolio"), while seeking to generate income, hedge volatility and reduce the downside risk of the Equity Portfolio by buying and selling put and call options (the "Options Portfolio"). The Equity Portfolio typically focuses on investing in individual stocks. The Options Portfolio will generally consist of options "collars".

Horizon Defined Risk Advisor

Charlotte, North Carolina 28277
13024 Ballantyne Corporate Place, Suite 225
(704) 544-2399

Fund Overview

Category Options Trading
Fund Family Horizon Investments
Net Assets 578.47M
YTD Return 4.48%
Yield 0.08%
Morningstar Rating
Inception Date Feb 02, 2018

Fund Operations

Last Dividend 0.05
Last Cap Gain 13.00
Holdings Turnover 3.00%
Average for Category --

Fees & Expenses

Expense HADRX Category Average
Annual Report Expense Ratio (net) 1.60% 1.20%
Prospectus Net Expense Ratio 1.60% --
Prospectus Gross Expense Ratio 1.60% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.52%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Zachary F. Hill, Lead Manager since February 18, 2022
Mr. Hill is part of the Investment Management division at Horizon Investments focusing on and providing investment insight on a broad range of asset allocation decisions from a global macro and derivatives perspective. Prior to joining Horizon in 2019, Mr. Hill served as a Senior Portfolio Analyst for Cold Spring Asset Management in New York from July 2016 to January 2017 and was a director within the foreign exchange option trading group at Wells Fargo in New York from 2010 to 2016. Mr. Hill began his career at Wachovia, acquired by Wells Fargo in 2008, in Charlotte in the FX Division. Mr. Hill holds a BA in Economics and a BA in Physics from the University of Virginia. Mr. Hill is also a CFA ® Charterholder.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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