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Horizon Active Asset Allocation Fund (AAANX)

Mutual Fund · Currency in USD · Last updated May 27, 2023

The investment seeks capital appreciation. The adviser selects asset classes using a flexible approach that allocates the Allocation fund's portfolio between asset classes that Horizon believes offer the opportunity for the highest projected return for a given amount of risk. Horizon typically executes its strategy by investing in exchange-traded funds ("ETFs"). Potential ETFs are reviewed for sufficient trading liquidity and fit within overall portfolio diversification needs prior to investment.

Fund Info

ISINUS44053A3095
CUSIP44053A309
IssuerHorizon Investments
Inception DateJan 30, 2012
CategoryTactical Allocation
Minimum Investment$2,500
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

The Horizon Active Asset Allocation Fund has a high expense ratio of 1.14%, indicating higher-than-average management fees.


1.14%
0.00%2.15%

Share Price Chart


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Performance

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.


120.00%140.00%160.00%180.00%200.00%220.00%December2023FebruaryMarchAprilMay
127.86%
218.45%
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with AAANX

Return

Horizon Active Asset Allocation Fund had a return of 3.67% year-to-date (YTD) and -3.58% in the last 12 months. Over the past 10 years, Horizon Active Asset Allocation Fund had an annualized return of 6.51%, while the S&P 500 had an annualized return of 9.79%, indicating that Horizon Active Asset Allocation Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.81%0.86%
Year-To-Date3.67%9.53%
6 months-0.06%4.45%
1 year-3.58%1.14%
5 years (annualized)5.23%9.36%
10 years (annualized)6.51%9.79%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20234.75%-4.38%2.08%0.57%
20228.14%6.27%-4.58%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Horizon Active Asset Allocation Fund (AAANX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAANX
Horizon Active Asset Allocation Fund
-0.01
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Horizon Active Asset Allocation Fund Sharpe ratio is -0.01. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-0.80-0.60-0.40-0.200.000.200.40December2023FebruaryMarchAprilMay
-0.01
0.27
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)

Dividend History

Horizon Active Asset Allocation Fund granted a 1.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.13 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.13$0.13$2.19$0.91$0.09$0.80$1.57$0.10$0.35$0.59$0.93$0.31

Dividend yield

1.04%1.08%15.18%7.68%0.83%9.32%16.62%1.35%4.78%7.59%12.78%5.47%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.19
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.91
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.09
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.80
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.57
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.10
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.35
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.15$0.44
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.93
2012$0.31

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-22.00%-20.00%-18.00%-16.00%-14.00%-12.00%December2023FebruaryMarchAprilMay
-14.29%
-12.32%
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Horizon Active Asset Allocation Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Horizon Active Asset Allocation Fund is 34.18%, recorded on Mar 23, 2020. It took 113 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.18%Feb 20, 202023Mar 23, 2020113Sep 1, 2020136
-24.61%Jan 5, 2022186Sep 30, 2022
-20.35%Jan 29, 2018229Dec 24, 2018246Dec 16, 2019475
-18.22%May 22, 2015183Feb 11, 2016252Feb 10, 2017435
-8.8%Mar 27, 201248Jun 4, 201265Sep 6, 2012113

Volatility Chart

The current Horizon Active Asset Allocation Fund volatility is 3.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%December2023FebruaryMarchAprilMay
3.59%
3.82%
AAANX (Horizon Active Asset Allocation Fund)
Benchmark (^GSPC)