About HNDDX
Horizon Equity Premium Income Fund Investor Class is an open-end mutual fund designed to provide a blend of capital appreciation and consistent income. Its primary strategy centers on investing in equity securities of dividend-paying U.S. and international companies, with a preference for large-capitalization stocks. A distinctive feature of the fund is its use of a systematic covered call overlay: it sells call options on broad-based equity indices, such as the S&P 500, to generate additional cash flow. This approach can potentially buffer volatility, especially in stable or modestly declining markets, and contributes to the fund's income stream. The underlying equity portfolio is actively managed, employing quantitative models to select companies with robust fundamentals, stable earnings, reasonable valuations, and positive price trends. The fund seeks diversification to manage sector and position risks, aiming for a balanced exposure across various industries. Known for its quarterly income distributions, the fund appeals to investors seeking a differentiated income source beyond traditional dividends. Since its inception in December 2016, the fund has maintained a moderate risk profile, underpinned by its defensive tilt and focus on high-quality, dividend-paying stocks.
Fund Family Horizon Investments
Category Derivative Income
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol HNDDX
Share Class Investor Class
Index MSCI World High Dividend Yield TR USD
HNDDX had a total return of 19.46% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.77%.
