A global approach to seeking income and capital appreciation from stocks.
Investment Objective: The Active Dividend Fund seeks capital appreciation and current income.
Strategy: Under normal circumstances, the Fund will invest not less than 80% of the value of its net assets in equity securities of U.S. and foreign historically dividend paying companies. The Fund seeks to identify dividend-paying companies with favorable long-term fundamental characteristics or that are priced below what Horizon Investments, the Fund’s investment adviser (the “Adviser”) believes to be intrinsic value. While the Fund may invest in companies of any size, the Adviser generally expects to invest in large capitalization companies (defined as at least $10 billion in market cap).
Quality and Value - In addition to a focus on dividends, the Adviser seeks to identify companies with a positive fundamental outlook and/or a stock price below the company’s intrinsic value.
Global Diversification - The Fund can invest in both U.S. and foreign equity markets, which both broadens the opportunity set and offers the potential for a risk/reward profile that differs from a purely domestic or international approach.
Active Management - The Adviser attempts to mitigate risk by adjusting sector and country allocations and by managing the Fund’s overall exposure to risk factors affecting individual portfolio holdings (e.g., dividend coverage, financial stability, quality of earnings, etc.).
|Share Classes||Ticker||CUSIP||Inception||Gross Expense Ratio||Net Expense Ratio|
|Advisor Class||HADUX||44053A820||Jun 20, 2017||1.50%||1.31%|
|Investor Class||HNDDX||44053A861||Dec 28, 2016||1.34%||1.15%|
|Class||Advisor Class||Investor Class|
|Inception||Jun 20, 2017||Dec 28, 2016|
|Gross Exp Ratio||1.50%||1.34%|
|Net Exp Ratio||1.31%||1.15%|
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 for each class of shares do not include the effect of expense offsets from securities lending income, which further reduced expenses by 0.06% and 0.05%, for the Advisor Class and Investor Class, 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. Past dividend payments are not a guarantee of future dividend payments. The Fund may invest in foreign securities and ADRs which involve political, economic and currency risks, greater volatility and differences in accounting methods. The Fund is new with no operating history and there can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Trust’s Board of Trustees (“Board of Trustees”) may determine to liquidate the Fund. Investments in small and mid-capitalization companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies.