Horizon Active Dividend Fund

Fund Description

Investment Objective: The Horizon Active Dividend Fund (the “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 companies that have historically paid dividends. The Fund invests in dividend-paying companies that Horizon Investments, the Fund’s investment adviser (the “Adviser”), believes have either favorable long-term fundamental characteristics or that are priced below what 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).

aspects of this active fund

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 believed to be below the company’s intrinsic value.

Global Diversification - The Fund can invest in both U.S. and foreign companies, 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.).