Horizon Defensive Core Fund Investor Class (HESGX)

Fund Assets	492.77M
Expense Ratio	0.93%
Min. Investment	$2,500
Turnover	216.00%
Dividend (ttm)	0.18
Dividend Yield	0.38%
Dividend Growth	36.31%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	46.29
YTD Return	10.90%
1-Year Return	14.26%
5-Year Return	60.46%
52-Week Low	38.46
52-Week High	49.01
Beta (5Y)	n/a
Holdings	301
Inception Date	Dec 26, 2019

About HESGX

The Horizon Defensive Core Fund is a mutual fund designed to offer investors exposure to large and mid-cap U.S. equities while actively managing downside risk. The fund combines two principal strategies: a Core Equity Strategy investing in high-quality, growth-focused U.S. companies, and a proprietary Risk Assist® Strategy designed to reduce portfolio risk during periods of market stress. Under the Risk Assist® approach, the fund can shift significant portions—or even all—of its assets into U.S. Treasuries or cash equivalents based on defined risk measures, aiming to protect gains and limit losses. The fund’s equity component is weighted toward companies with strong environmental, social, and governance (ESG) characteristics, tracking indices designed by MSCI. This dual-strategy approach seeks to capture the majority of returns associated with the U.S. equity market while providing a buffer against substantial declines, making it a compelling choice for investors seeking market participation with reduced volatility. The Horizon Defensive Core Fund’s dynamic allocation and ESG focus distinguish it within the large-blend category, where it seeks to balance broad market exposure with risk-aware management.

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

Performance

HESGX had a total return of 14.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.08%.

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
HESAX	Advisor Class	1.08%
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	$6.96295	Dec 23, 2025
Dec 19, 2024	$0.12909	Dec 19, 2024
Dec 21, 2023	$0.22026	Dec 21, 2023
Dec 22, 2022	$0.15486	Dec 22, 2022
Dec 27, 2021	$0.92166	Dec 27, 2021
Dec 21, 2020	$0.81248	Dec 21, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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