Horizon Active Income Fund | ||||||||
Schedule of Investments | ||||||||
as of February 29, 2024 (Unaudited) | ||||||||
EXCHANGE TRADED FUNDS - 99.6% | Shares | Value | ||||||
First Trust TCW Opportunistic Fixed Income ETF(a)(c) | 351,477 | $ | 15,292,764 | |||||
Hartford Total Return Bond ETF | 394,194 | 13,213,383 | ||||||
iShares 10+ Year Investment Grade Corporate Bond ETF | 173,004 | 8,774,763 | ||||||
iShares 1-3 Year Treasury Bond ETF | 497 | 40,625 | ||||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | 1,002 | 51,172 | ||||||
iShares 20+ Year Treasury Bond ETF | 94,605 | 8,909,899 | ||||||
iShares 7-10 Year Treasury Bond ETF | 1,627 | 153,296 | ||||||
iShares iBoxx Investment Grade Corporate Bond ETF(a) | 1,428 | 153,738 | ||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 354 | 31,258 | ||||||
iShares MBS ETF | 71,880 | 6,606,491 | ||||||
iShares TIPS Bond ETF | 62,153 | 6,632,968 | ||||||
Janus Henderson AAA CLO ETF | 1,011 | 51,258 | ||||||
Janus Henderson B-BBB CLO ETF | 213 | 10,325 | ||||||
Janus Henderson Mortgage-Backed Securities ETF(a) | 489,835 | 21,969,100 | ||||||
PIMCO Active Bond Exchange-Traded Fund(a) | 121,103 | 11,042,172 | ||||||
Simplify MBS ETF | 42,937 | 2,174,759 | ||||||
SPDR Blackstone High Income ETF(a) | 78,962 | 2,221,201 | ||||||
SPDR Blackstone Senior Loan ETF | 1,222 | 51,373 | ||||||
SPDR Doubleline Total Return Tactical ETF | 610,712 | 24,288,016 | ||||||
SPDR Portfolio High Yield Bond ETF | 190,919 | 4,454,140 | ||||||
SPDR Portfolio Intermediate Term Corporate Bond ETF | 1,578 | 51,285 | ||||||
SPDR Portfolio Long Term Treasury ETF | 2,992 | 82,998 | ||||||
SPDR Portfolio Short Term Corporate Bond ETF | 1,034,799 | 30,754,227 | ||||||
VanEck Fallen Angel High Yield Bond ETF | 922,585 | 26,496,641 | ||||||
VanEck J. P. Morgan EM Local Currency Bond ETF | 1,639 | 40,631 | ||||||
Vanguard Total International Bond ETF | 405,780 | 19,773,659 | ||||||
Xtrackers USD High Yield Corporate Bond ETF | 504,356 | 17,904,638 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $222,735,907) | 221,226,780 | |||||||
SHORT-TERM INVESTMENTS - 5.0% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 4.6% | Shares | |||||||
First American Government Obligations Fund - Class X, 5.16%(b) | 10,186,946 | 10,186,946 | ||||||
Money Market Funds - 0.4% | Shares | |||||||
First American Treasury Obligations Fund - Class X, 5.23%(b) | 887,019 | 887,019 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,073,965) | 11,073,965 | |||||||
TOTAL INVESTMENTS - 104.6% (Cost $233,809,872) | $ | 232,300,745 | ||||||
Liabilities in Excess of Other Assets - (4.6)% | (10,126,657 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 222,174,088 | ||||||
Percentages are stated as a percent of net assets. |
(a) | All or a portion of this security is on loan as of February 29, 2024. The total market value of these securities was $9,964,242 which represented 4.5% of net assets. |
(b) (c) | 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 $3,263,250, which is 1.47% of total net assets. |
Horizon Active Income Fund | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Exchange Traded Funds | $ | 221,226,780 | $ | – | $ | – | $ | 221,226,780 | ||||||||
Investments Purchased with Proceeds from Securities Lending | 10,186,946 | – | – | 10,186,946 | ||||||||||||
Money Market Funds | 887,019 | – | – | 887,019 | ||||||||||||
Total Assets | $ | 232,300,745 | $ | – | $ | – | $ | 232,300,745 | ||||||||