Horizon Defined Risk Fund (HNDRX)
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".
Fund Info
US44053A8466
44053A846
Dec 27, 2017
$2,500
Expense Ratio
HNDRX has a high expense ratio of 1.04%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Horizon Defined Risk Fund (HNDRX) returned 1.98% year-to-date (YTD) and 10.68% over the past 12 months.
HNDRX
1.98%
2.93%
1.50%
10.68%
10.00%
9.23%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of HNDRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.65% | -0.44% | -2.18% | 0.01% | 3.00% | 1.98% | |||||||
| 2024 | 1.07% | 2.08% | 1.30% | -0.88% | 2.70% | 1.61% | 0.58% | 2.10% | 1.56% | -0.00% | 3.08% | -0.69% | 15.41% |
| 2023 | 3.66% | -1.02% | 1.57% | 1.28% | 0.52% | 2.58% | 0.96% | 0.47% | -1.90% | -0.35% | 4.18% | 2.28% | 14.97% |
| 2022 | -3.06% | -3.57% | 1.82% | -4.95% | 0.86% | -3.47% | 4.08% | -0.92% | -4.18% | 4.34% | 3.08% | -3.99% | -10.12% |
| 2021 | -0.62% | 1.06% | 0.27% | 2.37% | 0.17% | 1.82% | 1.61% | 1.62% | -2.34% | 4.00% | -0.34% | 2.90% | 13.08% |
| 2020 | -0.24% | -6.14% | -6.15% | 5.61% | 2.16% | 0.54% | 3.40% | 2.93% | -0.53% | -1.80% | 5.79% | 2.26% | 7.21% |
| 2019 | 2.84% | 1.54% | 1.21% | 1.89% | -2.99% | 3.50% | 1.19% | -1.04% | 0.75% | 1.37% | 1.60% | 1.04% | 13.50% |
| 2018 | 2.20% | -2.59% | -1.47% | 0.22% | 1.12% | 0.46% | 2.23% | 1.84% | 0.56% | -2.97% | 0.67% | -5.02% | -2.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HNDRX is 75, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Horizon Defined Risk Fund (HNDRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Horizon Defined Risk Fund provided a 0.09% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.07 | $0.07 | $0.14 | $0.21 | $0.18 | $0.33 | $0.43 | $0.28 |
Dividend yield | 0.09% | 0.09% | 0.21% | 0.36% | 0.28% | 0.57% | 0.78% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Defined Risk 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2019 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.43 |
| 2018 | $0.28 | $0.28 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon Defined Risk 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 Defined Risk Fund was 20.71%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Horizon Defined Risk Fund drawdown is 0.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.71% | Feb 20, 2020 | 23 | Mar 23, 2020 | 141 | Oct 12, 2020 | 164 |
| -13.99% | Jan 5, 2022 | 113 | Jun 16, 2022 | 359 | Nov 20, 2023 | 472 |
| -11.42% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -9.9% | Oct 4, 2018 | 56 | Dec 24, 2018 | 122 | Jun 20, 2019 | 178 |
| -5.9% | Jan 29, 2018 | 39 | Mar 23, 2018 | 85 | Jul 25, 2018 | 124 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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