Fund Description

The Horizon Multi-Asset Income Fund (“the Multi-Asset Income Fund”) seeks to maximize current income with a secondary emphasis on capital appreciation by allocating assets across various sectors of the global securities markets.

The Fund intends to invest primarily in income-producing securities including dividend paying global equity securities, fixed income securities, cash equivalents, master limited partnerships, mortgage-backed securities, real estate investment trusts (REITs), American Depository Receipts (ADRs) and emerging markets. Under normal conditions, the Multi-Asset Income Fund will invest between 30% and 70% of its total assets in global equities and between 30% and 70% of its total assets in fixed-income and/or hybrid securities. The Fund may also use a proprietary volatility control process that seeks to manage volatility within the Multi-Asset Income Fund’s portfolio based on Horizon’s measures of perceived risk.

aspects of this active fund

Opportunistic Strategy: In general, the Multi-Asset Income Fund will overweight securities that offer high current income or capital appreciation potential, along with either low measures of volatility or strong diversification benefits. The Fund selects these securities using a flexible approach that combines active management and quantitative models to allocate the portfolio between issuers, sectors and/or factors (e.g., growth, value, momentum, quality, size and volatility) that Horizon believes offer the opportunity for the highest projected return for a given amount of risk.

Flexible Management: This Fund is actively managed, using flexible asset allocation techniques to navigate volatile market swings. Horizon Investments’ goal is to capture upside price moves in rising markets and reduce downside risk when markets decline.

Risk Strategy: The Fund seeks to protect against periods of high volatility through a proprietary volatility control process. To reduce risk during times of anticipated volatility, the Fund may allocate a portion of the portfolio to U.S. Treasuries or U.S. Treasury-focused securities, which may include, without limitation, Treasury bonds, Treasury notes, Treasury Inflated Protection Securities, U.S. Government money market funds, ETFs, and other instruments.


Fund facts

Share Classes Ticker CUSIP Inception Gross Expense Ratio Net Expense Ratio
Advisor Class HMAAX 44053A739 June 26, 2019 1.39% 1.34%
Investor Class HMANX 44053A713 June 26, 2019 1.24% 1.19%
Institutional Class HMAIX 44053A721 June 26, 2019 1.14% 1.09%
Class Advisor Class Investor Class Institutional Class
Ticker HMAAX HMANX HMAIX
CUSIP 44053A739 44053A713 44053A721
Inception
Gross Exp Ratio
Net Exp Ratio

The Fund's investment adviser has contractually agreed to waive its fees and/or reimburse expenses of the Fund, at least until June 26, 2022.


Performance

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Performance data as of TBD.

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.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

 


Top Holdings

Holdings data as of TBD.

 Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security. 


Disclosure

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.