Horizon Active Income Fund (AIMNX)
The investment seeks income. The fund seeks to achieve the fund's investment objective by allocating assets across various sectors of the global securities markets. The manager executes this strategy by investing in exchange-traded funds ("ETFs"). The fund will invest primarily in U.S. Dollar denominated securities, but may also invest a portion of its assets in non-U.S. Dollar denominated securities.
Fund Info
| ISIN | US44053A8870 |
|---|---|
| CUSIP | 44053A887 |
| Issuer | Horizon Investments |
| Inception Date | Sep 29, 2013 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
AIMNX has a high expense ratio of 0.89%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: AIMNX vs. FNILX, AIMNX vs. VOO, AIMNX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Horizon Active Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Horizon Active Income Fund had a return of -1.88% year-to-date (YTD) and 0.06% in the last 12 months. Over the past 10 years, Horizon Active Income Fund had an annualized return of -0.10%, while the S&P 500 had an annualized return of 10.41%, indicating that Horizon Active Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.88% | 6.17% |
| 1 month | -0.74% | -2.72% |
| 6 months | 5.02% | 17.29% |
| 1 year | 0.06% | 23.80% |
| 5 years (annualized) | -0.43% | 11.47% |
| 10 years (annualized) | -0.10% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.24% | -1.15% | 1.00% | -2.34% | ||||||||
| 2023 | -1.92% | 5.10% | 3.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AIMNX is 9, indicating that it is in the bottom 9% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Horizon Active Income Fund(AIMNX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Horizon Active Income Fund (AIMNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Horizon Active Income Fund granted a 4.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.31 | $0.14 | $0.18 | $0.18 | $0.26 | $0.31 | $0.24 | $0.15 | $0.16 | $0.14 | $0.03 |
Dividend yield | 4.05% | 3.78% | 1.69% | 1.88% | 1.86% | 2.73% | 3.51% | 2.47% | 1.60% | 1.66% | 1.37% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Active Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.04 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2022 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2021 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2020 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2019 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2017 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2015 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.05 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.02 |
| 2013 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon Active Income 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 Income Fund was 19.67%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Horizon Active Income Fund drawdown is 13.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.67% | Feb 12, 2021 | 676 | Oct 19, 2023 | — | — | — |
| -11.44% | Mar 9, 2020 | 9 | Mar 19, 2020 | 81 | Jul 15, 2020 | 90 |
| -6.3% | Feb 2, 2015 | 982 | Dec 24, 2018 | 121 | Jun 19, 2019 | 1103 |
| -1.73% | Sep 3, 2020 | 41 | Oct 30, 2020 | 14 | Nov 19, 2020 | 55 |
| -1.58% | Sep 5, 2019 | 7 | Sep 13, 2019 | 66 | Dec 17, 2019 | 73 |
Volatility
Volatility Chart
The current Horizon Active Income Fund volatility is 1.87%, 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.