Horizon Defined Risk Fund Advisor Class (HADRX)

Fund Assets	1.10B
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	91.83
YTD Return	7.27%
1-Year Return	11.72%
5-Year Return	46.94%
52-Week Low	82.12
52-Week High	92.55
Beta (5Y)	0.49
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.

• Fund Family: Horizon Investments
• Category: Options Trading
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: HADRX
• Share Class: Advisor Class
• Index: S&P 500 TR

Performance

HADRX had a total return of 11.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.91%.

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	0.92%

Top 10 Holdings

35.42% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	6.65%
Apple Inc.	AAPL	5.82%
Roundhill Magnificent Seven ETF	MAGS	5.66%
Microsoft Corporation	MSFT	3.68%
Broadcom Inc.	AVGO	2.74%
Amazon.com, Inc.	AMZN	2.67%
Alphabet Inc.	GOOGL	2.59%
Alphabet Inc.	GOOG	2.08%
Micron Technology, Inc.	MU	1.99%
SPX US 09/18/26 P7400	n/a	1.55%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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