Horizon Active Asset Allocation Fund (AAANX)
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
| ISIN | US44053A3095 |
|---|---|
| CUSIP | 44053A309 |
| Issuer | Horizon Investments |
| Inception Date | Jan 30, 2012 |
| Category | Tactical Allocation |
| Minimum Investment | $2,500 |
| Asset Class | Equity |
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.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.81% | 0.86% |
| Year-To-Date | 3.67% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.75% | -4.38% | 2.08% | 0.57% | ||||||||
| 2022 | 8.14% | 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AAANX Horizon Active Asset Allocation Fund | -0.01 | ||||
^GSPC S&P 500 | 0.27 |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 2020 | 23 | Mar 23, 2020 | 113 | Sep 1, 2020 | 136 |
| -24.61% | Jan 5, 2022 | 186 | Sep 30, 2022 | — | — | — |
| -20.35% | Jan 29, 2018 | 229 | Dec 24, 2018 | 246 | Dec 16, 2019 | 475 |
| -18.22% | May 22, 2015 | 183 | Feb 11, 2016 | 252 | Feb 10, 2017 | 435 |
| -8.8% | Mar 27, 2012 | 48 | Jun 4, 2012 | 65 | Sep 6, 2012 | 113 |
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.