AAANX — Horizon Active Asset Allocation Fund, Investor Class
Data updated: 2026-07-10
AAANX — Horizon Active Asset Allocation Fund, Investor Class. 1.31% expense ratio · since 2012. Holdings, fees, performance and SEC filings.
AAANX Fund Overview
AAANX — Horizon Active Asset Allocation Fund, Investor Class is a US mutual fund managed by Horizon Funds, categorised as United States Large Cap Blend / Core Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Horizon Funds
- Category: United States Large Cap Blend / Core Information Technology Equity
- Assets under management: $782.24M
- 1-year return: 29.6%
- Ticker: AAANX
- SEC CIK: 0001643174
- SEC series ID: S000050381
- Share class ID: C000159079
AAANX Investment Objective and Strategy
Horizon Active Asset Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Horizon Funds.
Investment objective
Investment Objective. The investment objective of the Horizon Active Asset Allocation Fund (the Allocation Fund) is capital appreciation.
Principal investment strategy
The Allocation Funds investment adviser, Horizon Investments, LLC (Horizon), seeks to achieve the Allocation Funds investment objective by allocating assets across one or more of the following sectors of the global securities markets: ? U.S. Common Stocks ? Foreign Developed Market Common Stocks ? Emerging Market Common Stocks ? Real Estate Investment Trusts (REITs) ? Government Bonds ? Corporate Bonds ? International Bonds ? Municipal Bonds ? High Yield Bonds Horizon selects asset classes using a flexible approach that allocates the Allocation Funds portfolio between asset classes that Horizon believes offer the opportunity for the highest projected return for a given amount of risk. This flexible approach to investing typically seeks to maximize returns by adjusting portfolio asset-allocations among various asset classes based upon near-term forecasts.
Horizon assesses projected return and expected risk using a multi-disciplined approach consisting of economic, quantitative and fundamental analysis. Horizon expects to engage in frequent buying and selling of securities to achieve the Allocation Funds investment objective. Horizon typically executes the Allocation Funds strategy by investing in exchange-traded funds (ETFs). Potential ETFs are reviewed for sufficient trading liquidity and fit within overall portfolio diversification needs prior to investment. Horizon may also invest in non-ETF securities, such as individual securities or baskets of securities, when it believes such investments may offer higher return and/or lower risk than an ETF or when Horizon believes such investments will provide strategic exposure to a specific sector or market segment.
Horizon expects that the Allocation Fund will typically hold no more than 30 ETF positions. Horizon selects ETFs without restriction as to the issuer country, capitalization, currency, or maturity or credit quality of the securities held by each ETF. Under normal market conditions, the Allocation Fund invests a majority of its assets in ETFs that invest primarily in equity securities; however, certain ETFs in which the Allocation Fund may invest may invest primarily in fixed income securities, including, without limitation, lower-quality fixed income securities commonly known as high yield or junk bonds, which are generally rated lower than Baa3 by Moodys Investors Service (Moodys) or lower than BBB- by Standard and Poors Rating Group (S&P). In addition, the Allocation Fund may buy or write options on puts or calls for investment purposes, to hedge other investments or to generate option premiums for the Allocation Fund, and may implement such investments through option combinations such as spreads, straddles, strangles and collars.
The Allocation Funds option strategies may involve options combinations, such as spreads or collars. In spread transactions, the Allocation Fund buys and writes a put or buys and writes a call on the same underlying instrument with the options having different exercise prices, expiration dates, or both. When the Allocation Fund engages in spread transactions, it seeks to profit from differences in the option premiums paid and received and in the market prices of the related options positions when they are closed out or sold. A collar position combines a put option purchased by the Allocation Fund (the right of the Allocation Fund to sell a specific security within a specified period) with a call option that is written by the Allocation Fund (the right of the counterparty to buy the same security) in a single instrument, and the Allocation Funds right to sell the security is typically set at a price that is below the counterpartys right to buy the security.
Thus, the combined position collars the performance of the underlying security, providing protection from depreciation below the price specified in the put option, and allowing for participation in any appreciation up to the price specified by the call option. In each case, the premium received for writing an option offsets, in part, the premium paid to purchase the corresponding option; however, downside protection may be limited as compared to just owning a single option. There is no limit on the number or size of the options transactions in which the Allocation Fund may engage; however, the Allocation Fund will not use options for the purpose of increasing the Allocation Funds leverage with respect to any portfolio investment. The Allocation Fund will typically sell portfolio securities to adjust portfolio allocations as described above, to seek to secure gains or limit potential losses, or when Horizon otherwise believes it is in the best interest of the Allocation Fund.
AAANX Holdings
Top 10 holdings of Horizon Active Asset Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street SPDR Portfolio S& | 20.88% |
| First American Government Obli | 16.02% |
| iShares Core MSCI Internationa | 15.28% |
| iShares Core MSCI Emerging Mar | 10.29% |
| Avantis International Small Ca | 5.82% |
| Invesco S&P 500 Equal Weight E | 4.89% |
| State Street SPDR S&P Regional | 3.79% |
| iShares International Select D | 3.79% |
| iShares MSCI All Country Asia | 3.16% |
| iShares MSCI Japan ETF | 2.94% |
AAANX Portfolio Allocation
Asset-class allocation of Horizon Active Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
| Cash & Equivalents | 16.0% |
AAANX Performance
Total returns for AAANX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 12.38% |
| 1 year | 29.61% |
| 3 years (annualised) | 19.06% |
| 5 years (annualised) | 9.07% |
AAANX Risk Information
Risk metrics for AAANX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.21%
AAANX Costs and Fees
AAANX costs about $131 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.31%
- Gross expense ratio: 1.31%
- Portfolio turnover: 90%
- Brokerage commissions: 4.73 bps of average net assets (SEC N-CEN)
AAANX Cashflows
Over the 12 months to 2026-05, Horizon Active Asset Allocation Fund had net outflows of $115.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$1.79M |
| 2026-04 | −$1.24M |
| 2026-03 | −$727.08K |
| 2026-02 | −$4.30M |
| 2026-01 | −$42.45M |
| 2025-12 | $25.48M |
AAANX Debt Constituents
No individual debt constituents are reported in Horizon Active Asset Allocation Fund's latest SEC N-PORT filing.
AAANX Prospectus and SEC Filings
Official Horizon Active Asset Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-08
- Prospectus (485BPOS) — filed 2026-03-26
- Prospectus supplement (497) — filed 2025-04-01
- Portfolio holdings (N-PORT) — filed 2026-07-10
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-14
- Annual census (N-CEN) — filed 2026-02-13
- Annual census (N-CEN) — filed 2025-02-13
Related Funds
Other United States Large Cap Blend / Core Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.