Horizon Active Asset Allocation Fund (AAANX)

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The chart shows the growth of an initial investment of $10,000 in Horizon Active Asset Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Horizon Active Asset Allocation Fund (AAANX) has returned -5.48% so far this year and 14.42% over the past 12 months. Over the last ten years, AAANX has returned 8.91% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 31, 2012, AAANX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +12.8%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, AAANX closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +9.1%, while the worst single day was Mar 16, 2020 at -12.0%.

Horizon Active Asset Allocation Fund has an annualized alpha of -2.60%, beta of 0.94, and R² of 0.94 versus S&P 500 Index. Calculated based on daily prices since February 01, 2012.

• This fund participated in 102.33% of S&P 500 Index downside but only 86.68% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.60% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 0.94 and R² of 0.94, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

AAANX has a high expense ratio of 1.14%, indicating above-average management fees.

AAANX ranks 40 for risk / return — below 40% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and compare them to a chosen benchmark (S&P 500 Index).

Horizon Active Asset Allocation Fund provided a 4.70% dividend yield over the last twelve months, with an annual payout of $0.66 per share.

The table displays the monthly dividend distributions for Horizon Active Asset Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Horizon Active Asset Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Horizon Active Asset Allocation Fund was 34.18%, occurring on Mar 23, 2020. Recovery took 113 trading sessions.

The current Horizon Active Asset Allocation Fund drawdown is 10.56%.

The chart below shows the rolling one-month volatility.