Horizon Active Dividend Fund | |||||||
PORTFOLIO OF INVESTMENTS | |||||||
February 28, 2021 (Unaudited) | |||||||
Shares | Value | ||||||
COMMON STOCKS - 97.4% | |||||||
Advertising - 1.1% | |||||||
22,018 | WPP PLC, ADR (b) | $ | 1,309,851 | ||||
Apparel - 0.6% | |||||||
9,610 | VF Corp. | 760,439 | |||||
Auto Manufacturers - 1.4% | |||||||
57,730 | Honda Motor Co. Ltd. (b) | 1,597,389 | |||||
Banks - 8.3% | |||||||
37,447 | Bank of America Corp. | 1,299,785 | |||||
13,552 | Canadian Imperial Bank of Commerce (b) | 1,249,088 | |||||
8,836 | JPMorgan Chase & Co. | 1,300,394 | |||||
9,628 | PNC Financial Services Group, Inc. | 1,620,970 | |||||
37,266 | Truist Financial Corp. | 2,122,671 | |||||
58,103 | Wells Fargo & Co. | 2,101,586 | |||||
9,694,494 | |||||||
Beverages - 1.3% | |||||||
11,974 | PepsiCo, Inc. | 1,546,921 | |||||
Biotechnology - 2.8% | |||||||
7,636 | Amgen, Inc. | 1,717,489 | |||||
24,422 | Gilead Sciences, Inc. | 1,499,511 | |||||
3,217,000 | |||||||
Chemicals - 3.8% | |||||||
10,408 | DuPont de Nemours, Inc. | 731,891 | |||||
8,269 | International Flavors & Fragrances, Inc. | 1,120,532 | |||||
25,209 | LyondellBasell Industries NV, Class A | 2,598,796 | |||||
4,451,219 | |||||||
Commercial Services - 1.0% | |||||||
6,498 | Automatic Data Processing, Inc. | 1,130,782 | |||||
Computers - 2.1% | |||||||
3,709 | Accenture PLC, Class A | 930,588 | |||||
21,037 | Cognizant Technology Solutions Corp., Class A | 1,545,799 | |||||
2,476,387 | |||||||
Cosmetics/Personal Care - 4.1% | |||||||
21,251 | Procter & Gamble Co. | 2,625,136 | |||||
40,879 | Unilever PLC, ADR (b) | 2,128,161 | |||||
4,753,297 | |||||||
Diversified Financial Services - 2.6% | |||||||
9,781 | American Express Co. | 1,322,978 | |||||
42,771 | Lazard, Ltd. - Class A | 1,654,810 | |||||
2,977,788 | |||||||
Electric - 1.9% | |||||||
16,302 | Ameren Corp. | 1,145,541 | |||||
14,416 | American Electric Power Co. (b) | 1,079,038 | |||||
2,224,579 | |||||||
Electrical Components & Equipment - 1.0% | |||||||
14,063 | Emerson Electric Co. | 1,208,012 | |||||
Environmental Control - 1.5% | |||||||
15,649 | Waste Management, Inc. | 1,735,318 | |||||
Finance and Insurance - 2.7% | |||||||
39,188 | Sun Life Financial, Inc. | 1,883,375 | |||||
81,956 | UBS Group AG (b) | 1,271,957 | |||||
3,155,332 | |||||||
Food - 3.0% | |||||||
21,289 | General Mills, Inc. | 1,171,108 | |||||
26,020 | Hormel Foods Corp. (b) | 1,206,547 | |||||
20,325 | Kellogg Co. (b) | 1,172,956 | |||||
3,550,611 | |||||||
Hand/Machine Tools - 1.8% | |||||||
10,123 | Snap-on, Inc. | 2,056,082 | |||||
Healthcare Products - 1.5% | |||||||
14,990 | Medtronic PLC | 1,753,380 | |||||
Healthcare Services - 0.9% | |||||||
9,461 | Quest Diagnostics, Inc. | 1,093,597 | |||||
Household Products/Wares - 3.1% | |||||||
13,516 | Clorox Co. (b) | 2,447,072 | |||||
8,955 | Kimberly-Clark Corp. | 1,149,195 | |||||
3,596,267 | |||||||
Information - 1.4% | |||||||
97,762 | Vodafone Group PLC, ADR | 1,679,551 | |||||
Insurance - 3.6% | |||||||
22,196 | Allstate Corp. | 2,366,094 | |||||
12,694 | Travelers Cos., Inc. | 1,846,977 | |||||
4,213,071 | |||||||
Iron/Steel - 1.7% | |||||||
33,900 | Nucor Corp. | 2,027,898 | |||||
Manufacturing - 8.4% | |||||||
22,164 | AstraZeneca PLC, ADR (b) | 1,072,294 | |||||
23,420 | Bunge Ltd. | 1,793,503 | |||||
10,946 | Diageo PLC, ADR (b) | 1,726,622 | |||||
7,133 | Hubbell, Inc. (b) | 1,266,179 | |||||
14,759 | Reliance Steel & Aluminum Co. | 1,951,140 | |||||
48,072 | Steel Dynamics, Inc. | 1,998,834 | |||||
9,808,572 | |||||||
Media - 1.6% | |||||||
34,487 | Comcast Corp. - Class A | 1,818,155 | |||||
Mining - 1.1% | |||||||
23,207 | Newmont Goldcorp Corp. | 1,261,997 | |||||
Mining, Quarrying, and Oil and Gas Extraction - 0.8% | |||||||
17,735 | Agnico Eagle Mines Ltd. (b) | 990,854 | |||||
Miscellaneous Manufacturing - 2.5% | |||||||
16,693 | 3M Co. | 2,922,277 | |||||
Oil & Gas - 2.1% | |||||||
43,993 | Exxon Mobil Corp. | 2,391,899 | |||||
Packaging & Containers - 1.1% | |||||||
9,575 | Packaging Corp of America | 1,264,091 | |||||
Pharmaceuticals - 10.9% | |||||||
21,371 | Cardinal Health, Inc. | 1,101,034 | |||||
7,990 | Eli Lilly & Co. | 1,637,071 | |||||
46,255 | GlaxoSmithKline PLC, ADR (b) | 1,554,631 | |||||
24,298 | Johnson & Johnson | 3,850,261 | |||||
10,105 | McKesson Corp. | 1,713,000 | |||||
38,641 | Merck & Co., Inc. | 2,806,109 | |||||
12,662,106 | |||||||
Pipelines - 1.0% | |||||||
51,775 | Williams Cos., Inc. (b) | 1,182,541 | |||||
Real Estate Investment Trusts - 4.5% | |||||||
21,147 | CBL & Associates Properties, Inc. (a) | 14,803 | |||||
36,652 | Gaming and Leisure Properties, Inc. (b) | 1,627,349 | |||||
30,320 | Omega Healthcare Investors, Inc. | 1,126,085 | |||||
23,538 | Ventas, Inc. (b) | 1,245,160 | |||||
17,774 | Welltower, Inc. | 1,206,854 | |||||
5,220,251 | |||||||
Retail - 3.3% | |||||||
16,233 | Starbucks Corp. | 1,753,651 | |||||
15,979 | Walmart, Inc. | 2,075,992 | |||||
3,829,643 | |||||||
Semiconductors - 2.6% | |||||||
20,767 | Intel Corp. | 1,262,218 | |||||
10,181 | Texas Instruments, Inc. | 1,753,881 | |||||
3,016,099 | |||||||
Software - 1.1% | |||||||
19,185 | Oracle Corp. | 1,237,624 | |||||
Telecommunications - 1.1% | |||||||
29,386 | Cisco Systems, Inc. | 1,318,550 | |||||
Transportation - 1.1% | |||||||
6,457 | Union Pacific Corp. | 1,329,884 | |||||
Wholesale Trade - 1.0% | |||||||
14,949 | Spectrum Brands Holdings, Inc. | 1,159,295 | |||||
TOTAL COMMON STOCKS (Cost - $103,942,811) | 113,623,103 | ||||||
PREFERRED STOCKS - 0.5% | |||||||
Manufacturing - 0.4% | |||||||
2,600 | Energizer Holdings, Inc. | 231,192 | |||||
9,473 | Pitney Bowes, Inc. | 214,089 | |||||
445,281 | |||||||
Mining, Quarrying, and Oil and Gas Extraction - 0.1% | |||||||
12,483 | Nabors Industries Ltd. (b) | 191,739 | |||||
TOTAL PREFERRED STOCKS (Cost - $610,429) | 637,020 | ||||||
CONVERTIBLE PREFERRED STOCKS - 0.2% | |||||||
Manufacturing - 0.2% | |||||||
5,150 | International Flavors & Fragrances, Inc. | 251,320 | |||||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost - $223,534) | 251,320 | ||||||
SHORT TERM INVESTMENTS - 1.5% | |||||||
Money Market Funds - 1.5% | |||||||
1,687,278 | First American Treasury Obligations Fund, .03% Class X (c) | 1,687,278 | |||||
TOTAL SHORT TERM INVESTMENTS (Cost - $1,687,278) | 1,687,278 | ||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 17.4% | |||||||
20,260,476 | Mount Vernon Liquid Assets Portfolio, LLC, 0.13% (c) | 20,260,476 | |||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost - $20,260,476) | 20,260,476 | ||||||
TOTAL INVESTMENTS - 117.0% (Cost - $126,724,528) | 136,459,197 | ||||||
Liabilities in Excess of Other Assets - (17.0)% | (19,790,780 | ) | |||||
NET ASSETS - 100.0% | $ | 116,668,417 |
Percentages are stated as a percent of net assets. | ||||
ADR - American Depositary Receipt | ||||
(a) Non-income producing security. | ||||
(b) All or a portion of this security is out on loan as of February 28, 2021. | ||||
(c) Interest rate reflects seven-day yield on February 28, 2021. |