Horizon Defensive Multi-Factor Fund | |||||||
PORTFOLIO OF INVESTMENTS | |||||||
August 31, 2021 (Unaudited) | |||||||
Shares | Value | ||||||
COMMON STOCKS - 98.5% | |||||||
Advertising - 0.2% | |||||||
7,634 | Interpublic Group of Cos., Inc. | $ | 284,214 | ||||
Aerospace/Defense - 0.5% | |||||||
3,331 | General Dynamics Corp. | 667,233 | |||||
Agriculture - 2.5% | |||||||
12,569 | Altria Group, Inc. | 631,341 | |||||
3,962 | Archer Daniels Midland Co. | 237,720 | |||||
20,880 | Philip Morris International, Inc. | 2,150,640 | |||||
3,019,701 | |||||||
Apparel - 1.4% | |||||||
10,798 | Nike, Inc., Class B | 1,778,863 | |||||
Auto Manufacturers - 0.3% | |||||||
30,159 | Ford Motor Co. (a)(b) | 392,972 | |||||
Auto Parts & Equipment - 0.1% | |||||||
2,521 | BorgWarner, Inc. | 107,596 | |||||
Banks - 4.2% | |||||||
22,171 | Citigroup, Inc. | 1,594,317 | |||||
5,421 | Goldman Sachs Group, Inc. | 2,241,638 | |||||
3,683 | PNC Financial Services Group, Inc. | 703,821 | |||||
8,743 | Regions Financial Corp. | 178,619 | |||||
684 | SVB Financial Group (a) | 382,698 | |||||
2,259 | Zions Bancorp NA | 130,796 | |||||
5,231,889 | |||||||
Biotechnology - 0.6% | |||||||
715 | Biogen, Inc. (a) | 242,321 | |||||
244 | Bio-Rad Laboratories, Inc., Class A (a) | 196,376 | |||||
401 | Regeneron Pharmaceuticals, Inc. (a) | 270,033 | |||||
708,730 | |||||||
Building Materials - 1.0% | |||||||
9,873 | Carrier Global Corp. | 568,685 | |||||
9,398 | Johnson Controls International PLC | 702,970 | |||||
1,271,655 | |||||||
Chemicals - 1.4% | |||||||
1,755 | Celanese Corp. | 278,343 | |||||
4,041 | Mosaic Co. | 130,039 | |||||
2,945 | PPG Industries, Inc. | 469,875 | |||||
2,987 | Sherwin-Williams Co. | 907,062 | |||||
1,785,319 | |||||||
Commercial Services - 1.3% | |||||||
1,056 | Equifax, Inc. | 287,506 | |||||
1,904 | Gartner, Inc. (a) | 587,841 | |||||
1,636 | Quanta Services, Inc. | 167,036 | |||||
1,607 | Robert Half International, Inc. | 166,164 | |||||
985 | United Rentals, Inc. (a)(b) | 347,360 | |||||
1,555,907 | |||||||
Computers - 4.6% | |||||||
7,022 | Accenture PLC, Class A (b) | 2,363,324 | |||||
2,129 | Fortinet, Inc. (a) | 670,933 | |||||
26,544 | HP, Inc. | 789,419 | |||||
9,645 | International Business Machines Corp. | 1,353,579 | |||||
5,895 | NetApp, Inc. | 524,243 | |||||
5,701,498 | |||||||
Cosmetics/Personal Care - 0.6% | |||||||
5,540 | Procter & Gamble Co. | 788,841 | |||||
Distribution/Wholesale - 0.5% | |||||||
5,777 | LKQ Corp. (a)(b) | 304,390 | |||||
735 | WW Grainger, Inc. | 318,770 | |||||
623,160 | |||||||
Diversified Financial Services - 3.9% | |||||||
11,287 | American Express Co. | 1,873,191 | |||||
6,854 | Capital One Financial Corp. | 1,137,558 | |||||
4,382 | Discover Financial Services (b) | 561,860 | |||||
1,152 | Nasdaq, Inc. | 225,539 | |||||
8,202 | Synchrony Financial (b) | 408,049 | |||||
2,516 | T. Rowe Price Group, Inc. | 563,257 | |||||
4,769,454 | |||||||
Electric - 0.8% | |||||||
1,367 | American Electric Power Co., Inc. (b) | 122,442 | |||||
1,908 | CMS Energy Corp. | 122,360 | |||||
1,522 | DTE Energy Co. | 183,158 | |||||
1,371 | Duke Energy Corp. | 143,489 | |||||
1,893 | Evergy, Inc. | 129,576 | |||||
1,519 | Pinnacle West Capital Corp. | 116,811 | |||||
2,900 | Southern Co. | 190,617 | |||||
1,008,453 | |||||||
Electronics - 1.3% | |||||||
2,582 | Garmin, Ltd. (b) | 450,378 | |||||
2,579 | Keysight Technologies, Inc. (a) | 462,621 | |||||
1,811 | PerkinElmer, Inc. | 334,673 | |||||
894 | Waters Corp. (a) | 370,134 | |||||
1,617,806 | |||||||
Environmental Control - 1.3% | |||||||
3,220 | Pentair PLC | 248,455 | |||||
4,224 | Republic Services, Inc. | 524,325 | |||||
5,724 | Waste Management, Inc. | 887,850 | |||||
1,660,630 | |||||||
Finance and Insurance - 0.5% | |||||||
10,355 | US Bancorp | 594,273 | |||||
Food - 1.5% | |||||||
3,076 | Hershey Co. | 546,606 | |||||
1,557 | J.M. Smucker Co. (b) | 192,554 | |||||
7,669 | Kroger Co. (b) | 353,004 | |||||
5,888 | Mondelez International, Inc., Class A | 365,468 | |||||
4,273 | Tyson Foods, Inc., Class A | 335,516 | |||||
1,793,148 | |||||||
Gas - 0.1% | |||||||
1,194 | Atmos Energy Corp. | 116,427 | |||||
Hand/Machine Tools - 0.5% | |||||||
1,120 | Snap-on, Inc. (b) | 251,944 | |||||
1,949 | Stanley Black & Decker, Inc. | 376,683 | |||||
628,627 | |||||||
Healthcare Products - 3.2% | |||||||
326 | Cooper Cos., Inc. (b) | 146,931 | |||||
5,670 | Danaher Corp. | 1,837,987 | |||||
2,066 | Edwards Lifesciences Corp. (a) | 242,094 | |||||
2,557 | Hologic, Inc. (a) | 202,387 | |||||
706 | IDEXX Laboratories, Inc. (a) | 475,675 | |||||
1,860 | Thermo Fisher Scientific, Inc. | 1,032,207 | |||||
3,937,281 | |||||||
Healthcare Services - 7.0% | |||||||
3,276 | Anthem, Inc. | 1,228,926 | |||||
4,917 | HCA Healthcare, Inc. | 1,243,903 | |||||
1,741 | Laboratory Corp. of America Holdings (a) | 528,184 | |||||
2,219 | Quest Diagnostics, Inc. | 339,130 | |||||
12,274 | UnitedHealth Group, Inc. | 5,109,298 | |||||
996 | Universal Health Services, Inc., Class B (b) | 155,137 | |||||
8,604,578 | |||||||
Home Builders - 0.3% | |||||||
3,781 | Lennar Corp., Class A | 405,739 | |||||
Home Furnishings - 0.2% | |||||||
1,047 | Whirlpool Corp. (b) | 231,942 | |||||
Household Products/Wares - 0.4% | |||||||
1,455 | Avery Dennison Corp. | 327,942 | |||||
730 | Clorox Co. (b) | 122,677 | |||||
450,619 | |||||||
Insurance - 7.3% | |||||||
8,458 | Aflac, Inc. | 479,400 | |||||
4,122 | Allstate Corp. (b) | 557,624 | |||||
21,465 | Berkshire Hathaway, Inc., Class B (a) | 6,134,053 | |||||
2,322 | Cincinnati Financial Corp. (b) | 286,535 | |||||
459 | Everest Re Group Ltd. | 121,589 | |||||
6,062 | Marsh & McLennan Cos., Inc. | 952,946 | |||||
2,389 | Travelers Cos., Inc. | 381,547 | |||||
8,913,694 | |||||||
Internet - 11.2% | |||||||
2,202 | Alphabet, Inc., Class A (a) | 6,372,478 | |||||
3,240 | CDW Corp. | 649,976 | |||||
16,565 | Facebook, Inc., Class A (a) | 6,284,430 | |||||
15,357 | NortonLifeLock, Inc. | 407,882 | |||||
13,714,766 | |||||||
Iron/Steel - 0.4% | |||||||
4,470 | Nucor Corp. | 525,493 | |||||
Machinery - Diversified - 0.8% | |||||||
2,338 | Dover Corp. (b) | 407,654 | |||||
6,720 | Otis Worldwide Corp. | 619,718 | |||||
1,027,372 | |||||||
Manufacturing - 1.1% | |||||||
541 | Generac Holdings, Inc. (a) | 236,406 | |||||
2,993 | Moderna, Inc. (a) | 1,127,433 | |||||
1,363,839 | |||||||
Media - 1.7% | |||||||
1,539 | Charter Communications, Inc., Class A (a) | 1,256,839 | |||||
4,515 | DISH Network Corp., Class A (a) | 196,809 | |||||
8,975 | Fox Corp., Class A (b) | 336,024 | |||||
7,762 | ViacomCBS, Inc., Class B | 321,735 | |||||
2,111,407 | |||||||
Mining - 0.5% | |||||||
17,409 | Freeport-McMoRan, Inc. | 633,513 | |||||
Miscellaneous Manufacturing - 1.7% | |||||||
8,632 | 3M Co. | 1,680,996 | |||||
2,300 | AO Smith Corp. | 167,256 | |||||
2,596 | Textron, Inc. | 188,651 | |||||
2,036,903 | |||||||
Office/Business Equipment - 0.4% | |||||||
832 | Zebra Technologies Corp., Class A (a) | 488,525 | |||||
Oil & Gas - 0.6% | |||||||
7,445 | Cabot Oil & Gas Corp. | 118,301 | |||||
4,254 | ConocoPhillips (b) | 236,225 | |||||
9,634 | Devon Energy Corp. (b) | 284,685 | |||||
10,018 | Marathon Oil Corp. | 117,711 | |||||
756,922 | |||||||
Packaging & Containers - 0.3% | |||||||
1,003 | Packaging Corp of America (b) | 152,155 | |||||
2,831 | Sealed Air Corp. | 172,776 | |||||
324,931 | |||||||
Pharmaceuticals - 5.3% | |||||||
8,640 | CVS Health Corp. (b) | 746,410 | |||||
20,181 | Johnson & Johnson | 3,493,936 | |||||
50,271 | Pfizer, Inc. | 2,315,985 | |||||
6,556,331 | |||||||
Pipelines - 0.5% | |||||||
26,652 | Kinder Morgan, Inc. | 433,628 | |||||
2,834 | ONEOK, Inc. | 148,842 | |||||
582,470 | |||||||
Real Estate - 0.3% | |||||||
3,660 | CBRE Group, Inc., Class A (a) | 352,458 | |||||
Real Estate Investment Trusts - 1.7% | |||||||
617 | Alexandria Real Estate Equities, Inc. | 127,330 | |||||
855 | AvalonBay Communities, Inc. | 196,291 | |||||
1,553 | Extra Space Storage, Inc. | 290,271 | |||||
5,657 | Kimco Realty Corp. | 123,266 | |||||
1,082 | Mid-America Apartment Communities, Inc. | 208,145 | |||||
1,702 | Public Storage | 550,784 | |||||
2,689 | Simon Property Group, Inc. (b) | 361,536 | |||||
4,954 | Weyerhaeuser Co. | 178,344 | |||||
2,035,967 | |||||||
Retail - 7.0% | |||||||
1,330 | Advance Auto Parts, Inc. | 269,791 | |||||
368 | AutoZone, Inc. (a) | 570,087 | |||||
103 | Chipotle Mexican Grill, Inc. (a)(b) | 196,043 | |||||
5,472 | Costco Wholesale Corp. | 2,492,441 | |||||
815 | Darden Restaurants, Inc. (b) | 122,780 | |||||
475 | Domino's Pizza, Inc. (b) | 245,523 | |||||
3,470 | McDonald's Corp. | 823,986 | |||||
9,829 | Starbucks Corp. | 1,154,809 | |||||
7,875 | Target Corp. | 1,944,968 | |||||
1,829 | Tractor Supply Co. | 355,283 | |||||
2,938 | Yum! Brands, Inc. | 384,966 | |||||
8,560,677 | |||||||
Semiconductors - 4.8% | |||||||
8,828 | Applied Materials, Inc. | 1,192,928 | |||||
840 | Lam Research Corp. | 508,049 | |||||
5,298 | Micron Technology, Inc. | 390,462 | |||||
10,132 | NVIDIA Corp. | 2,268,048 | |||||
1,873 | Qorvo, Inc. (a) | 352,180 | |||||
1,884 | Skyworks Solutions, Inc. | 345,639 | |||||
4,197 | Texas Instruments, Inc. | 801,249 | |||||
5,858,555 | |||||||
Software - 9.4% | |||||||
2,011 | Adobe, Inc. (a) | 1,334,701 | |||||
2,333 | Broadridge Financial Solutions, Inc. | 401,789 | |||||
1,682 | Intuit, Inc. | 952,197 | |||||
1,817 | Jack Henry & Associates, Inc. (b) | 320,482 | |||||
15,758 | Microsoft Corp. | 4,757,025 | |||||
42,931 | Oracle Corp. | 3,826,440 | |||||
11,592,634 | |||||||
Telecommunications - 1.2% | |||||||
23,884 | Cisco Systems, Inc. (b) | 1,409,634 | |||||
Textiles - 0.2% | |||||||
1,140 | Mohawk Industries, Inc. (a) | 225,446 | |||||
Transportation - 1.8% | |||||||
2,788 | Expeditors International of Washington, Inc. | 347,496 | |||||
3,992 | FedEx Corp. | 1,060,634 | |||||
937 | JB Hunt Transport Services, Inc. | 166,224 | |||||
1,041 | Norfolk Southern Corp. | 263,935 | |||||
1,273 | Old Dominion Freight Line, Inc. | 367,541 | |||||
2,205,830 | |||||||
Wholesale Trade - 0.1% | |||||||
342 | Pool Corp. | 169,051 | |||||
TOTAL COMMON STOCKS (Cost - $108,904,877) | 121,182,973 | ||||||
SHORT TERM INVESTMENTS - 1.2% | |||||||
Money Market Funds - 1.2% | |||||||
1,467,735 | First American Treasury Obligations Fund, Class X, 0.01% (c) | 1,467,735 | |||||
TOTAL SHORT TERM INVESTMENTS (Cost - $1,467,735) | 1,467,735 | ||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 8.9% | |||||||
10,926,593 | Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (c) | 10,926,593 | |||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost - $10,926,593) | 10,926,593 | ||||||
TOTAL INVESTMENTS - 108.6% (Cost - $121,299,205) | 133,577,301 | ||||||
Liabilities in Excess of Other Assets - (8.6)% | (10,572,417 | ) | |||||
NET ASSETS - 100.0% | $ | 123,004,884 | |||||
Percentages are stated as a percent of net assets. | |||||||
(a) Non-income producing security. | |||||||
(b) All or a portion of this security is out on loan as of August 31, 2021. | |||||||
(c) Interest rate reflects seven-day yield on August 31, 2021. |
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NPORT-P Filing
Horizon Funds NPORT-PHorizon US Defensive Equity Fund (Aug 2021 report)
Filed: 26 Oct 21, 12:50pm