Morningstar

Horizon Defined Risk Fund Advisor Class HADRX

Medalist Rating as of Aug 31, 2026 See Horizon Investments Investment Hub

Strategy

The investment seeks capital appreciation and capital preservation. The fund's investment adviser seeks to achieve the fund's investment objective by investing in a broadly diversified portfolio of equity securities (the "Equity Portfolio"), while seeking to generate income, hedge volatility and reduce the downside risk of the Equity Portfolio by buying and selling put and call options (the "Options Portfolio"). The Equity Portfolio typically focuses on investing in individual stocks. The Options Portfolio will generally consist of options "collars".

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HNDRX	Horizon Defined Risk Fund Investor Class	No Load	Open			Dec 28, 2017	$1.10B	1.040%	Below Average	$2,500	$144.21M
HADRX	Horizon Defined Risk Fund Advisor Class	No Load	Open			Feb 2, 2018	$18.26M	1.190%	Below Average	$2,500	−$1.39M

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