Horizon Defined Risk Fund Advisor Class (HADRX)
| Fund Assets | 964.44M |
| Expense Ratio | 1.19% |
| Min. Investment | $2,500 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.04 |
| Dividend Yield | 0.04% |
| Dividend Growth | 147.05% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2025 |
| Previous Close | 85.97 |
| YTD Return | 0.53% |
| 1-Year Return | 9.26% |
| 5-Year Return | 48.24% |
| 52-Week Low | 70.47 |
| 52-Week High | 86.87 |
| Beta (5Y) | n/a |
| Holdings | 519 |
| Inception Date | Feb 2, 2018 |
About HADRX
The Horizon Defined Risk Fund Advisor Class is an actively managed mutual fund designed to pursue both capital appreciation and capital preservation objectives. This fund primarily invests in a diversified portfolio of large-cap U.S. equities, aiming to capture a significant portion of equity market growth while seeking to reduce downside risk. A notable feature of the fund is its use of an option overlay risk mitigation strategy, specifically employing options collars—combinations of written calls and purchased puts or put spreads on broad-market indexes—to limit the range of potential returns. This approach seeks to generate income, hedge portfolio volatility, and help cushion losses during market downturns, without leveraging the portfolio. Selection of equities focuses on broad, efficient exposure to major U.S. sectors, with top holdings often from prominent technology and consumer discretionary companies. The fund adjusts its use of the options strategy according to market volatility forecasts, leveraging quantitative models to manage risk. The Horizon Defined Risk Fund Advisor Class holds importance for investors seeking traditional equity exposure but with measures in place to moderate volatility and protect against significant drawdowns in unpredictable environments.
Performance
HADRX had a total return of 9.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.55%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| HNDRX | Investor Class | 1.04% |
| HIDRX | Institutional Class | 0.94% |
Top 10 Holdings
37.97% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 6.85% |
| Roundhill Magnificent Seven ETF | MAGS | 6.41% |
| Apple Inc. | AAPL | 6.04% |
| Microsoft Corporation | MSFT | 5.26% |
| Amazon.com, Inc. | AMZN | 2.86% |
| Broadcom Inc. | AVGO | 2.77% |
| Alphabet Inc. | GOOGL | 2.51% |
| Alphabet Inc. | GOOG | 2.04% |
| Meta Platforms, Inc. | META | 1.67% |
| Berkshire Hathaway Inc. | BRK.B | 1.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $0.03733 | Dec 23, 2025 |
| Dec 19, 2024 | $0.01511 | Dec 19, 2024 |
| Dec 21, 2023 | $0.05483 | Dec 21, 2023 |
| Dec 22, 2022 | $0.80213 | Dec 22, 2022 |
| Dec 27, 2021 | $0.07717 | Dec 27, 2021 |
| Dec 21, 2020 | $0.22931 | Dec 21, 2020 |