Horizon Active Asset Allocation Fund | ||||||||
Schedule of Investments | ||||||||
as of February 29, 2024 (Unaudited) | ||||||||
EXCHANGE TRADED FUNDS - 98.5% | Shares | Value | ||||||
Communication Services Select Sector SPDR Fund | 259,730 | $ | 20,612,173 | |||||
Energy Select Sector SPDR Fund | 584 | 50,306 | ||||||
Health Care Select Sector SPDR Fund | 517 | 74,872 | ||||||
Invesco QQQ Trust Series 1(a) | 254,314 | 111,643,846 | ||||||
iShares Bitcoin Trust(b) | 717 | 25,396 | ||||||
iShares Core Dividend Growth ETF(a) | 1,427,056 | 80,172,006 | ||||||
iShares Core MSCI EAFE ETF | 557,121 | 40,001,288 | ||||||
iShares Core MSCI International Developed Markets ETF(a) | 616,286 | 39,978,473 | ||||||
iShares Core S&P Mid-Cap ETF | 1,060,468 | 61,146,585 | ||||||
iShares Latin America 40 ETF(a) | 691,165 | 19,414,825 | ||||||
iShares MSCI Canada ETF(a) | 268,379 | 9,868,295 | ||||||
iShares MSCI China ETF(a) | 259,782 | 10,128,900 | ||||||
iShares MSCI EAFE ETF | 653 | 50,444 | ||||||
iShares MSCI Emerging Markets ex China ETF(a) | 358,391 | 20,012,553 | ||||||
iShares MSCI Japan ETF(a) | 1,017,472 | 70,327,665 | ||||||
iShares MSCI USA Minimum Volatility ETF | 1,234 | 100,435 | ||||||
iShares MSCI USA Momentum Factor ETF | 699 | 127,365 | ||||||
iShares MSCI USA Quality Factor ETF(a) | 836,993 | 134,153,238 | ||||||
iShares Select Dividend ETF | 334,369 | 38,940,614 | ||||||
JPMorgan BetaBuilders Europe ETF | 876 | 50,379 | ||||||
SPDR Portfolio S&P 500 Growth ETF(e) | 2,601,582 | 186,637,493 | ||||||
SPDR Portfolio S&P 500 Value ETF(a) | 2,495,833 | 120,099,484 | ||||||
SPDR Portfolio S&P 600 Small Cap ETF(a) | 950,990 | 39,751,382 | ||||||
Technology Select Sector SPDR Fund | 368 | 76,169 | ||||||
VanEck Semiconductor ETF | 182 | 38,575 | ||||||
WisdomTree Japan Hedged Equity Fund | 244 | 25,195 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $888,098,277) | 1,003,507,956 | |||||||
COMMON STOCKS - 1.1% | Shares | Value | ||||||
Consumer Discretionary Products - 0.0%(c) | ||||||||
Tesla, Inc.(b) | 1,978 | 399,319 | ||||||
Consumer Discretionary Services - 0.0%(c) | ||||||||
Royal Caribbean Cruises Ltd.(b) | 889 | 109,658 | ||||||
Industrial Products - 0.0%(c) | ||||||||
Amphenol Corp. - Class A | 1,021 | 111,534 | ||||||
TE Connectivity, Ltd. | 730 | 104,799 | ||||||
216,333 | ||||||||
Materials - 0.0%(c) | ||||||||
Freeport-McMoRan, Inc. | 2,827 | 106,889 | ||||||
Media - 0.2% | ||||||||
Alphabet, Inc. - Class C(b) | 4,883 | 682,546 | ||||||
Meta Platforms, Inc. - Class A | 1,238 | 606,781 | ||||||
Uber Technologies, Inc.(b) | 1,778 | 141,351 | ||||||
1,430,678 | ||||||||
Real Estate - 0.0%(c) | ||||||||
Digital Realty Trust, Inc. | 719 | 105,556 | ||||||
Retail & Wholesale - Discretionary - 0.1% | ||||||||
Alibaba Group Holding Ltd. - ADR | 1,604 | 118,744 | ||||||
Amazon.com, Inc.(b) | 6,195 | 1,095,028 | ||||||
1,213,772 | ||||||||
Software & Tech Services - 0.2% | ||||||||
Accenture PLC - Class A | 373 | 139,793 | ||||||
Adobe, Inc.(b) | 270 | 151,276 | ||||||
ANSYS, Inc.(b) | 305 | 101,922 | ||||||
Autodesk, Inc.(b) | 407 | 105,075 | ||||||
Cadence Design Systems, Inc.(b) | 373 | 113,534 | ||||||
Dynatrace, Inc.(b) | 1,986 | 98,406 | ||||||
Fortinet, Inc.(b) | 1,479 | 102,214 | ||||||
Intuit, Inc. | 199 | 131,915 | ||||||
Microsoft Corp. | 2,609 | 1,079,187 | ||||||
Oracle Corp. | 1,368 | 152,778 | ||||||
Palo Alto Networks, Inc.(b) | 325 | 100,929 | ||||||
Salesforce, Inc.(b) | 545 | 168,306 | ||||||
SAP SE - ADR | 633 | 118,922 | ||||||
ServiceNow, Inc.(b) | 171 | 131,899 | ||||||
Synopsys, Inc.(b) | 205 | 117,615 | ||||||
2,813,771 | ||||||||
Tech Hardware & Semiconductors - 0.6% | ||||||||
Advanced Micro Devices, Inc.(b) | 1,205 | 231,999 | ||||||
Advantest Corp. - ADR(a)(b) | 2,420 | 113,498 | ||||||
Analog Devices, Inc. | 619 | 118,737 | ||||||
Apple, Inc. | 2,140 | 386,805 | ||||||
Applied Materials, Inc. | 745 | 150,207 | ||||||
Arista Networks, Inc.(b) | 422 | 117,122 | ||||||
ASML Holding NV | 122 | 116,105 | ||||||
Broadcom, Inc. | 309 | 401,850 | ||||||
Cisco Systems, Inc. | 2,182 | 105,543 | ||||||
Intel Corp. | 3,438 | 148,006 | ||||||
KLA Corp. | 183 | 124,861 | ||||||
Lam Research Corp. | 141 | 132,293 | ||||||
Microchip Technology, Inc. | 1,275 | 107,279 | ||||||
Micron Technology, Inc. | 1,409 | 127,669 | ||||||
Monolithic Power Systems, Inc. | 143 | 102,966 | ||||||
NVIDIA Corp. | 1,522 | 1,204,084 | ||||||
NXP Semiconductors NV | 480 | 119,870 | ||||||
ON Semiconductor Corp.(b) | 1,314 | 103,701 | ||||||
Onto Innovation, Inc.(b) | 587 | 108,102 | ||||||
Pure Storage, Inc. - Class A(b) | 2,340 | 123,201 | ||||||
QUALCOMM, Inc. | 928 | 146,429 | ||||||
Super Micro Computer, Inc.(b) | 144 | 124,721 | ||||||
Taiwan Semiconductor Manufacturing Co Ltd. - ADR | 1,216 | 156,463 | ||||||
Texas Instruments, Inc. | 829 | 138,717 | ||||||
4,710,228 | ||||||||
TOTAL COMMON STOCKS (Cost $10,158,635) | 11,106,204 | |||||||
SHORT-TERM INVESTMENTS - 6.5% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 6.2% | Shares | |||||||
First American Government Obligations Fund - Class X, 5.16%(d) | 62,766,544 | 62,766,544 | ||||||
Money Market Funds - 0.3% | Shares | |||||||
First American Treasury Obligations Fund - Class X, 5.23%(d) | 2,616,609 | 2,616,609 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $65,383,153) | 65,383,153 | |||||||
TOTAL INVESTMENTS - 106.1% (Cost $963,640,065) | $ | 1,079,997,313 | ||||||
Liabilities in Excess of Other Assets - (6.1)% | (62,395,554 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 1,017,601,759 | ||||||
Percentages are stated as a percent of net assets. |
ADR - American Depositary Receipt |
NV - Naamloze Vennootschap |
PLC - Public Limited Company |
(a) | All or a portion of this security is on loan as of February 29, 2024. The total market value of these securities was $61,494,547 which represented 6.0% of net assets. |
(b) | Non-income producing security. |
(c) | Represents less than 0.05% of net assets. |
(d) (e) | The rate shown represents the 7-day effective yield as of February 29, 2024. All or a portion of the security is segregated as collateral at the broker on February 29, 2024. The value of the securities segregated as collateral is $3,587,000, which is 0.35% of total net assets. |
Horizon Active Asset Allocation Fund | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Exchange Traded Funds | $ | 1,003,507,956 | $ | – | $ | – | $ | 1,003,507,956 | ||||||||
Common Stocks | 11,106,204 | – | – | 11,106,204 | ||||||||||||
Investments Purchased with Proceeds from Securities Lending | 62,766,544 | – | – | 62,766,544 | ||||||||||||
Money Market Funds | 2,616,609 | – | – | 2,616,609 | ||||||||||||
Total Assets | $ | 1,079,997,313 | $ | – | $ | – | $ | 1,079,997,313 | ||||||||
Refer to the Schedule of Investments for industry classifications. |