About HADUX
The Horizon Equity Premium Income Fund Advisor Class is a mutual fund designed to provide both capital appreciation and current income. Its primary focus is on investing in equity securities of U.S. and select foreign companies that pay dividends, including common and preferred stocks, convertible debt, American Depositary Receipts (ADRs), and real estate investment trusts (REITs). The fund emphasizes exposure to large-cap, dividend-paying companies with favorable fundamentals, such as high profitability, stable earnings, and reasonable valuations. It incorporates a distinctive covered call strategy, systematically selling index call options—most commonly on broad-based indices like the S&P 500—on a portion of its portfolio to generate additional income. This overlay aims to enhance cash flow, buffer portfolio volatility, and deliver a modest defensive tilt without excessive sector concentration. The fund’s approach seeks to balance market participation with risk mitigation, making it a notable option within the derivative income and large value categories. The portfolio is diversified across more than 200 holdings, with significant allocations to leading technology, financial, energy, and consumer companies, reflecting its broad market reach and income-oriented strategy.
Fund Family Horizon Investments
Category Global Equity Income
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol HADUX
Share Class Advisor Class
Index MSCI World High Dividend Yield TR USD
HADUX had a total return of 16.96% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.31%.
