Launched in January 2012, Horizon’s Active Asset Allocation Fund provides investors with global ETF exposure. The investment objective of the Horizon Active Asset Allocation Fund is capital appreciation. The Fund is managed using a multi-disciplined global asset allocation strategy that primarily uses Exchange-Traded Funds (ETFs) to implement its objectives. There are nearly 2,000 ETFs in over 500 different investable segments. By employing an active asset allocation strategy, the fund seeks to navigate volatile market swings, capture upside price moves in rising markets and reduce downside risk when markets decline.
aspects of this active fund
Opportunistic Strategy: A single investment in the Horizon Active Asset Allocation Fund accesses a large universe of global investment opportunities. It considers more than 2,000 ETFs composed of investments in a variety of instruments, including market, style, sector, country and currency indexes.
Flexible Management: This Fund is actively managed, using flexible asset allocation techniques to navigate volatile market swings.
Risk Strategy: Managing risk is just as important as investment selection to the Fund managers. Assembling portfolios of diversified asset classes and having the ability to make timely adjustments in allocation weightings may help mitigate market risk.
|Share Classes||Ticker||CUSIP||Inception||Gross Expense Ratio||Net Expense Ratio|
|Advisor Class||HASAX||44053A101||Apr 12, 2017||1.57%||1.59%|
|Investor Class||AAANX||44053A09||Jan 31, 2012||1.42%||1.44%|
|Institutional Class||HASIX||44053A200||Sep 9, 2016||1.32%||1.33%|
|Class||Advisor Class||Investor Class||Institutional Class|
|Inception||Apr 12, 2017||Jan 31, 2012||Sep 9, 2016|
|Gross Exp Ratio||1.57%||1.42%||1.32%|
|Net Exp Ratio||1.59%||1.44%||1.33%|
The Fund's investment adviser has contractually agreed to waive its fees and/or reimburse expenses of the Fund, at least until March 31, 2020. The net expense ratios exceed the gross expense ratios for each class of shares, because the net expense ratios reflect amounts paid to the Fund's investment adviser as a recapture of prior fee waivers/reimbursements but do not include the effect of expense offsets from securities lending income, which further reduced expenses by 0.03%. for each class of shares.
Performance data as of.
Inception date for the table above is per share class; all returns greater than one year are presented as annualized returns. Inception dates for share classes can be found in the Fund Facts table above. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 866-371-2399.
Holdings data as of TBD.
Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.
Mutual fund investing involves risk. Principal loss is possible. In addition to the costs, fees, and expenses involved in investing in ETFs, ETFs are subject to additional risks including the risks that the market price of the shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund's ability to sell its shares. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Small and medium capitalization companies tend to have limited liquidity and greater price volatility than large capitalization companies. Investments in Real Estate Investment Trusts (REITs) involve additional risks such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. The Fund may also use options, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors. Diversification does not assure a profit or protect against loss in a declining market.