The Horizon Active Income Fund was launched in September 2013. The investment objective of the Horizon Active Income Fund is income.
The Fund’s flexible strategy aims to improve the risk/return characteristics of traditional fixed income strategies by utilizing non-traditional asset classes. This active Fund does this by seeking to improve the return characteristics of traditional fixed income portfolios by adding exposure to high yield bonds, MLPs, preferred stocks, bank loans and foreign bonds. The Fund combines the goal and strategic purpose of a Core Bond Fund with the toolset of a Non-Traditional Bond Fund. Where traditional bond strategies could struggle with rates moving higher, the Horizon Active Income Fund’s strategy adds exposure to other assets such as high yield bonds to potentially enhance performance where traditional bonds might not.
Aspects of This Active Fund
Opportunistic Strategy: A single investment in Horizon's Active Income Fund accesses a large universe of global investment opportunities. It considers more than 2,000 Exchange-Traded Funds (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||AIHAX||44053A705||Feb 8, 2016||1.63%||1.64%|
|Investor Class||AIMNX||44053A887||Sep 30, 2013||1.48%||1.56%|
|Institutional Class||AIRIX||44053A804||Sep 9, 2016||1.37%||1.40%|
|Class||Advisor Class||Investor Class||Institutional Class|
|Inception||Feb 8, 2016||Sep 30, 2013||Sep 9, 2016|
|Gross Exp Ratio||1.63%||1.48%||1.37%|
|Net Exp Ratio||1.64%||1.56%||1.40%|
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 0.21%, 0.18% and 0.15%, for the Advisor Class, Investor Class and Institutional Class shares, respectively.
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. 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. MLPs are subject to certain risks inherent in the structure of MLPs, including complex tax structure risks, the limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates. Investments in mortgage backed securities (MBS) include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic 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.