Horizon Equity Premium Income Fund | ||||||||
Schedule of Investments | ||||||||
as of February 29, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 99.5% | Shares | Value | ||||||
Banking - 5.3% | ||||||||
Bank of America Corp. | 33,621 | $ | 1,160,597 | |||||
Citigroup, Inc. | 9,176 | 509,176 | ||||||
JPMorgan Chase & Co. | 11,558 | 2,150,482 | ||||||
M&T Bank Corp. | 714 | 99,774 | ||||||
PNC Financial Services Group, Inc. | 1,871 | 275,411 | ||||||
Truist Financial Corp. | 6,293 | 220,129 | ||||||
US Bancorp | 7,241 | 303,832 | ||||||
Wells Fargo & Co. | 15,079 | 838,242 | ||||||
5,557,643 | ||||||||
Consumer Discretionary Products - 2.1% | ||||||||
DR Horton, Inc. | 1,428 | 213,400 | ||||||
Ford Motor Co. | 28,884 | 359,317 | ||||||
General Motors Co. | 6,402 | 262,354 | ||||||
Lennar Corp., - Class A | 1,417 | 224,609 | ||||||
Nike, Inc. - Class B | 4,853 | 504,372 | ||||||
Tesla, Inc.(a)(c) | 3,214 | 648,843 | ||||||
2,212,895 | ||||||||
Consumer Discretionary Services - 2.1% | ||||||||
Las Vegas Sands Corp. | 4,407 | 240,270 | ||||||
Marriott International, Inc. - Class A | 1,137 | 284,102 | ||||||
McDonald's Corp. | 3,079 | 899,930 | ||||||
Starbucks Corp. | 5,276 | 500,692 | ||||||
Yum! Brands, Inc. | 1,725 | 238,775 | ||||||
2,163,769 | ||||||||
Consumer Staple Products - 4.8% | ||||||||
Altria Group, Inc. | 6,610 | 270,415 | ||||||
Coca-Cola Co. | 17,154 | 1,029,583 | ||||||
Colgate-Palmolive Co. | 1,825 | 157,899 | ||||||
General Mills, Inc. | 1,432 | 91,906 | ||||||
Hershey Co. | 509 | 95,651 | ||||||
Keurig Dr Pepper, Inc. | 2,889 | 86,410 | ||||||
Kimberly-Clark Corp. | 786 | 95,240 | ||||||
Kraft Heinz Co. | 3,085 | 108,839 | ||||||
Mondelez International, Inc. - Class A | 3,678 | 268,751 | ||||||
PepsiCo, Inc. | 5,245 | 867,208 | ||||||
Philip Morris International, Inc. | 6,819 | 613,437 | ||||||
Procter & Gamble Co. | 8,782 | 1,395,812 | ||||||
5,081,151 | ||||||||
Financial Services - 3.1% | ||||||||
American Express Co. | 2,069 | 453,980 | ||||||
Bank of New York Mellon Corp. | 3,051 | 171,131 | ||||||
BlackRock, Inc. | 581 | 471,389 | ||||||
Blackstone, Inc. | 2,852 | 364,543 | ||||||
Capital One Financial Corp. | 1,116 | 153,573 | ||||||
Charles Schwab Corp. | 5,298 | 353,800 | ||||||
CME Group, Inc. | 1,665 | 366,883 | ||||||
Goldman Sachs Group, Inc. | 1,426 | 554,784 | ||||||
Intercontinental Exchange, Inc. | 1,557 | 215,520 | ||||||
Morgan Stanley | 1,147 | 98,688 | ||||||
3,204,291 | ||||||||
Health Care - 12.6% | ||||||||
Abbott Laboratories | 5,915 | 701,756 | ||||||
AbbVie, Inc. | 8,377 | 1,474,771 | ||||||
Amgen, Inc. | 2,343 | 641,584 | ||||||
Boston Scientific Corp.(a) | 2,058 | 136,260 | ||||||
Bristol-Myers Squibb Co. | 10,085 | 511,814 | ||||||
Cencora, Inc. | 469 | 110,496 | ||||||
Cigna Corp. | 822 | 276,307 | ||||||
CVS Health Corp. | 5,636 | 419,149 | ||||||
Danaher Corp. | 517 | 130,873 | ||||||
Elevance Health, Inc. | 646 | 323,808 | ||||||
Eli Lilly & Co. | 2,063 | 1,554,843 | ||||||
Gilead Sciences, Inc. | 5,684 | 409,816 | ||||||
HCA Healthcare, Inc. | 620 | 193,254 | ||||||
Humana, Inc. | 243 | 85,128 | ||||||
Intuitive Surgical, Inc.(a) | 512 | 197,427 | ||||||
Johnson & Johnson(c) | 10,403 | 1,678,837 | ||||||
McKesson Corp. | 228 | 118,881 | ||||||
Medtronic PLC | 6,046 | 503,995 | ||||||
Merck & Co., Inc. | 10,536 | 1,339,652 | ||||||
Pfizer, Inc. | 3,986 | 105,868 | ||||||
Regeneron Pharmaceuticals, Inc.(a) | 125 | 120,761 | ||||||
Stryker Corp. | 945 | 329,871 | ||||||
Thermo Fisher Scientific, Inc. | 289 | 164,782 | ||||||
UnitedHealth Group, Inc. | 2,782 | 1,373,195 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 269 | 113,179 | ||||||
Zoetis, Inc. | 955 | 189,405 | ||||||
13,205,712 | ||||||||
Industrial Products - 5.6% | ||||||||
Amphenol Corp. - Class A | 2,687 | 293,528 | ||||||
Boeing Co.(a) | 962 | 195,979 | ||||||
Carrier Global Corp. | 2,210 | 122,832 | ||||||
Caterpillar, Inc. | 1,745 | 582,759 | ||||||
Deere & Co. | 862 | 314,673 | ||||||
Eaton Corp. PLC | 1,168 | 337,551 | ||||||
Emerson Electric Co. | 2,100 | 224,385 | ||||||
General Dynamics Corp. | 939 | 256,582 | ||||||
General Electric Co. | 1,890 | 296,522 | ||||||
Honeywell International, Inc. | 2,371 | 471,189 | ||||||
Illinois Tool Works, Inc. | 1,061 | 278,141 | ||||||
Johnson Controls International PLC | 2,499 | 148,116 | ||||||
L3Harris Technologies, Inc. | 660 | 139,696 | ||||||
Lockheed Martin Corp. | 1,008 | 431,666 | ||||||
Northrop Grumman Corp. | 475 | 218,985 | ||||||
Otis Worldwide Corp. | 1,180 | 112,454 | ||||||
PACCAR, Inc. | 2,140 | 237,305 | ||||||
Parker-Hannifin Corp. | 369 | 197,581 | ||||||
RTX Corp. | 5,988 | 536,943 | ||||||
TE Connectivity, Ltd. | 1,880 | 269,893 | ||||||
Trane Technologies PLC | 603 | 170,028 | ||||||
5,836,808 | ||||||||
Industrial Services - 2.5% | ||||||||
Cintas Corp. | 239 | 150,238 | ||||||
CSX Corp. | 5,687 | 215,765 | ||||||
Fastenal Co. | 1,952 | 142,516 | ||||||
FedEx Corp. | 800 | 199,176 | ||||||
Norfolk Southern Corp. | 896 | 227,028 | ||||||
Republic Services, Inc. | 874 | 160,466 | ||||||
Union Pacific Corp. | 2,247 | 570,041 | ||||||
United Parcel Service, Inc. - Class B | 4,194 | 621,803 | ||||||
Waste Management, Inc. | 1,257 | 258,502 | ||||||
WW Grainger, Inc. | 118 | 114,868 | ||||||
2,660,403 | ||||||||
Insurance - 3.3% | ||||||||
Aflac, Inc. | 1,821 | 147,028 | ||||||
Allstate Corp. | 855 | 136,390 | ||||||
American International Group, Inc. | 2,287 | 166,699 | ||||||
Aon PLC - Class A | 375 | 118,496 | ||||||
Arthur J Gallagher & Co. | 427 | 104,158 | ||||||
Berkshire Hathaway, Inc. - Class B(a) | 3,663 | 1,499,632 | ||||||
Chubb Ltd. | 1,183 | 297,726 | ||||||
Marsh & McLennan Cos., Inc. | 1,382 | 279,537 | ||||||
MetLife, Inc. | 2,904 | 202,525 | ||||||
Progressive Corp. | 931 | 176,480 | ||||||
Prudential Financial, Inc. | 1,573 | 171,441 | ||||||
Travelers Cos., Inc. | 728 | 160,859 | ||||||
3,460,971 | ||||||||
Materials - 1.9% | ||||||||
Dow, Inc. | 4,246 | 237,266 | ||||||
DuPont de Nemours, Inc. | 1,856 | 128,417 | ||||||
Ecolab, Inc. | 932 | 209,551 | ||||||
Linde PLC | 1,425 | 639,568 | ||||||
LyondellBasell Industries NV - Class A | 1,932 | 193,741 | ||||||
Nucor Corp. | 870 | 167,301 | ||||||
PPG Industries, Inc. | 970 | 137,352 | ||||||
Sherwin-Williams Co. | 683 | 226,776 | ||||||
1,939,972 | ||||||||
Media - 8.0% | ||||||||
Airbnb, Inc. - Class A(a) | 1,587 | 249,905 | ||||||
Alphabet, Inc. - Class A(a) | 23,367 | 3,235,395 | ||||||
Booking Holdings, Inc.(a) | 87 | 301,788 | ||||||
Comcast Corp. - Class A | 22,130 | 948,271 | ||||||
Meta Platforms, Inc. - Class A | 4,977 | 2,439,377 | ||||||
Netflix, Inc.(a) | 1,133 | 683,108 | ||||||
Walt Disney Co. | 4,997 | 557,565 | ||||||
8,415,409 | ||||||||
Oil & Gas - 4.0% | ||||||||
Chevron Corp. | 7,741 | 1,176,709 | ||||||
ConocoPhillips | 3,983 | 448,247 | ||||||
EOG Resources, Inc. | 1,204 | 137,810 | ||||||
Exxon Mobil Corp. (c) | 17,061 | 1,783,216 | ||||||
Marathon Petroleum Corp. | 659 | 111,523 | ||||||
Occidental Petroleum Corp. | 1,671 | 101,279 | ||||||
Phillips 66 | 751 | 107,025 | ||||||
Schlumberger, Ltd. | 1,926 | 93,084 | ||||||
Valero Energy Corp. | 768 | 108,641 | ||||||
Williams Cos., Inc. | 2,718 | 97,685 | ||||||
4,165,219 | ||||||||
Retail & Wholesale - Discretionary - 6.0% | ||||||||
Amazon.com, Inc.(a) | 18,155 | 3,209,078 | ||||||
Home Depot, Inc. | 4,199 | 1,598,181 | ||||||
Lowe's Cos., Inc. | 2,554 | 614,671 | ||||||
Lululemon Athletica, Inc.(a) | 379 | 177,027 | ||||||
Ross Stores, Inc. | 1,551 | 231,037 | ||||||
TJX Cos., Inc. | 4,499 | 446,031 | ||||||
6,276,025 | ||||||||
Retail & Wholesale - Staples - 2.3% | ||||||||
Archer-Daniels-Midland Co. | 1,267 | 67,290 | ||||||
Costco Wholesale Corp. | 712 | 529,650 | ||||||
Kroger Co. | 2,111 | 104,727 | ||||||
Sysco Corp. | 1,279 | 103,561 | ||||||
Target Corp. | 1,248 | 190,844 | ||||||
Walmart, Inc. | 23,493 | 1,376,924 | ||||||
2,372,996 | ||||||||
Software & Tech Services - 14.9% | ||||||||
Accenture PLC - Class A | 2,304 | 863,493 | ||||||
Adobe, Inc.(a) | 893 | 500,330 | ||||||
Automatic Data Processing, Inc. | 1,451 | 364,390 | ||||||
Fiserv, Inc.(a) | 708 | 105,683 | ||||||
International Business Machines Corp. | 5,169 | 956,420 | ||||||
Intuit, Inc. | 757 | 501,808 | ||||||
MasterCard, Inc. - Class A | 1,731 | 821,810 | ||||||
Microsoft Corp. | 16,795 | 6,947,083 | ||||||
Moody's Corp. | 354 | 134,315 | ||||||
MSCI, Inc. | 185 | 103,779 | ||||||
Oracle Corp. | 9,139 | 1,020,644 | ||||||
Palo Alto Networks, Inc.(a) | 797 | 247,508 | ||||||
Paychex, Inc. | 1,429 | 175,224 | ||||||
Roper Technologies, Inc. | 423 | 230,421 | ||||||
S&P Global, Inc. | 677 | 290,013 | ||||||
Salesforce, Inc.(a) | 1,913 | 590,773 | ||||||
ServiceNow, Inc.(a) | 430 | 331,676 | ||||||
Synopsys, Inc.(a) | 394 | 226,050 | ||||||
Visa, Inc. - Class A | 4,418 | 1,248,703 | ||||||
15,660,123 | ||||||||
Tech Hardware & Semiconductors - 16.6% | ||||||||
Advanced Micro Devices, Inc.(a) | 3,362 | 647,286 | ||||||
Analog Devices, Inc. | 2,291 | 439,460 | ||||||
Apple, Inc.(c) | 29,726 | 5,372,974 | ||||||
Applied Materials, Inc. | 2,620 | 528,244 | ||||||
Arista Networks, Inc.(a) | 1,005 | 278,928 | ||||||
Broadcom, Inc. (c) | 1,581 | 2,056,074 | ||||||
Cisco Systems, Inc. | 20,375 | 985,539 | ||||||
Garmin, Ltd. | 1,510 | 207,399 | ||||||
HP, Inc. | 8,377 | 237,320 | ||||||
Intel Corp. | 13,833 | 595,511 | ||||||
KLA Corp. | 576 | 393,005 | ||||||
Lam Research Corp. | 519 | 486,952 | ||||||
Micron Technology, Inc. | 3,638 | 329,639 | ||||||
Motorola Solutions, Inc. | 815 | 269,268 | ||||||
NVIDIA Corp. | 4,587 | 3,628,866 | ||||||
QUALCOMM, Inc. | 5,164 | 814,828 | ||||||
Texas Instruments, Inc. | 1,417 | 237,107 | ||||||
17,508,400 | ||||||||
Telecommunications - 1.9% | ||||||||
T-Mobile US, Inc. | 5,182 | 846,221 | ||||||
Verizon Communications, Inc. | 29,454 | 1,178,749 | ||||||
2,024,970 | ||||||||
Utilities - 2.5% | ||||||||
American Electric Power Co., Inc. | 2,470 | 210,419 | ||||||
Consolidated Edison, Inc. | 1,450 | 126,455 | ||||||
Dominion Energy, Inc. | 3,968 | 189,789 | ||||||
DTE Energy Co. | 866 | 93,831 | ||||||
Duke Energy Corp. | 3,679 | 337,843 | ||||||
Edison International | 1,670 | 113,593 | ||||||
Exelon Corp. | 4,301 | 154,148 | ||||||
NextEra Energy, Inc. | 8,857 | 488,818 | ||||||
Public Service Enterprise Group, Inc. | 2,102 | 131,165 | ||||||
Sempra | 2,567 | 181,230 | ||||||
Southern Co. | 5,031 | 338,335 | ||||||
WEC Energy Group, Inc. | 1,353 | 106,197 | ||||||
Xcel Energy, Inc. | 2,313 | 121,872 | ||||||
2,593,695 | ||||||||
TOTAL COMMON STOCKS (Cost $88,051,020) | 104,340,452 | |||||||
SHORT-TERM INVESTMENTS - 0.3% | ||||||||
Money Market Funds - 0.3% | Shares | |||||||
First American Treasury Obligations Fund - Class X, 5.23%(b) | 274,154 | 274,154 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $274,154) | 274,154 | |||||||
TOTAL INVESTMENTS - 99.8% (Cost $88,325,174) | $ | 104,614,606 | ||||||
Other Assets in Excess of Liabilities - 0.2% | 218,738 | |||||||
TOTAL NET ASSETS - 100.0% | $ | 104,833,344 | ||||||
Percentages are stated as a percent of net assets. |
NV - Naamloze Vennootschap |
PLC - Public Limited Company |
(a) | Non-income producing security. |
(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 $8,886,188, which is 8.48% of total net assets. |
Horizon Equity Premium Income Fund | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 104,340,452 | $ | – | $ | – | $ | 104,340,452 | ||||||||
Money Market Funds | 274,154 | – | – | 274,154 | ||||||||||||
Total Assets | $ | 104,614,606 | $ | – | $ | – | $ | 104,614,606 | ||||||||
Refer to the Schedule of Investments for industry classifications. |