Horizon Defensive Core Fund Advisor Class (HESAX)

Fund Assets	492.77M
Expense Ratio	1.08%
Min. Investment	$2,500
Turnover	216.00%
Dividend (ttm)	0.09
Dividend Yield	0.19%
Dividend Growth	57.10%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	46.07
YTD Return	11.13%
1-Year Return	14.69%
5-Year Return	57.12%
52-Week Low	38.32
52-Week High	48.78
Beta (5Y)	0.88
Holdings	301
Inception Date	Jan 8, 2020

About HESAX

Horizon Defensive Core Fund Advisor Class is a mutual fund focused on providing exposure to large and mid-cap U.S. equities while actively mitigating downside risk. The fund’s primary objective is to achieve returns comparable to a broad U.S. equity index that integrates environmental, social, and governance (ESG) criteria by tracking the MSCI USA ESG Leaders Index for its equity component. It employs a two-pronged strategy: an ESG-focused core equity allocation and a proprietary Risk Assist® strategy designed to manage volatility and reduce portfolio losses during periods of elevated market risk. The Risk Assist® approach permits dynamic allocation, allowing between 0% and 100% of net assets to be shifted into U.S. Treasuries or cash equivalents as volatility rises, aiming to preserve investor capital during adverse market conditions. With holdings diversified across approximately 295 securities, the fund also features a low risk profile and an average performance rating. This blend of ESG screening and tactical risk management positions the Horizon Defensive Core Fund Advisor Class as a distinctive participant within the large blend mutual fund category, appealing to risk-conscious investors who value sustainable investing principles.

• Fund Family: Horizon Investments
• Category: Tactical Allocation
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: HESAX
• Share Class: Advisor Class
• Index: MSCI USA ESG Leaders TR USD

Performance

HESAX had a total return of 14.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.52%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FITLX	Fidelity	Fidelity U.S. Sustainability Index Fund	0.11%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HESGX	Investor Class	0.93%
HESIX	Institutional Class	0.83%

Top 10 Holdings

42.22% of assets

Name	Symbol	Weight
Roundhill Magnificent Seven ETF	MAGS	8.15%
NVIDIA Corporation	NVDA	7.32%
Apple Inc.	AAPL	5.85%
Alphabet Inc.	GOOGL	4.82%
Microsoft Corporation	MSFT	3.89%
Amazon.com, Inc.	AMZN	3.23%
Broadcom Inc.	AVGO	3.10%
Eli Lilly and Company	LLY	2.04%
Micron Technology, Inc.	MU	2.03%
Advanced Micro Devices, Inc.	AMD	1.77%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$6.87396	Dec 23, 2025
Dec 19, 2024	$0.05536	Dec 19, 2024
Dec 21, 2023	$0.17221	Dec 21, 2023
Dec 22, 2022	$0.10502	Dec 22, 2022
Dec 27, 2021	$0.89129	Dec 27, 2021
Dec 21, 2020	$0.78266	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:

Oct 16, 2026

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