ARAAX Performance — Horizon Active Risk Assist Fund, Advisor Class
Data updated: 2026-07-10
ARAAX returned +11.75% year to date and +26.63% over one year to May 2026. Annualised returns are +17.96% over 3 years and +7.75% over 5 years. The fund trailed its Global Technology Equity category average: $100 invested three years ago grew to $164, against $234 for the category, and to $127 over one year, against $167. Volatility over the past three years was 13.02% a year. In the 12 months to May 2026 the fund took in a net $68.1M, and assets reached $1.60B.
ARAAX Growth of $100
What $100 invested in Horizon Active Risk Assist Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Technology Equity category average over the same months.
| Period | ARAAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $127 | $167 |
| 3 years (Jun 2023 – May 2026) | $164 | $234 |
| 5 years (Jun 2021 – May 2026) | $145 | $208 |
| Since data start (Sep 2019 – May 2026) | $183 | $375 |
ARAAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.75% |
| 1 year | +26.63% |
| 3 years (annualised) | +17.96% |
| 5 years (annualised) | +7.75% |
ARAAX Annual Returns
Calendar-year total returns of Horizon Active Risk Assist Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.75% |
| 2025 | +13.78% |
| 2024 | +13.44% |
| 2023 | +16.51% |
| 2022 | −19.55% |
| 2021 | +20.41% |
| 2020 | +4.10% |
| 2019 (Sep–Dec) | +8.06% |
ARAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.7% | +1.5% | −6.6% | +9.7% | +4.6% | — | — | — | — | — | — | — |
| 2025 | +3.0% | −0.8% | −3.9% | −2.9% | +5.3% | +4.2% | +0.6% | +2.5% | +3.1% | +1.5% | +0.1% | +0.6% |
| 2024 | +0.2% | +4.6% | +2.6% | −3.6% | +4.3% | +2.7% | +1.0% | +2.1% | +1.6% | −2.4% | +3.4% | −3.4% |
| 2023 | +3.7% | −3.3% | +2.2% | +1.1% | −1.2% | +5.7% | +3.6% | −2.7% | −4.5% | −3.2% | +8.4% | +6.6% |
| 2022 | −5.2% | −3.3% | +1.9% | −6.6% | −0.4% | −4.5% | +2.5% | −2.9% | −3.8% | +0.9% | +2.5% | −2.2% |
| 2021 | 0.0% | +3.5% | +3.6% | +3.4% | +1.1% | +0.8% | +1.7% | +2.2% | −4.7% | +5.7% | −2.2% | +4.2% |
| 2020 | −1.4% | −7.7% | −8.4% | +1.5% | +0.7% | +0.3% | +4.5% | +6.1% | −2.9% | −2.2% | +11.1% | +4.2% |
| 2019 | — | — | — | — | — | — | — | — | +1.3% | +1.9% | +2.1% | +2.5% |
ARAAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 13.02%
- 3-year Sharpe ratio: 1.03 (vs 4.5% risk-free rate)
- Best month: +9.74% (Apr 2026)
- Worst month: −6.64% (Mar 2026)
ARAAX Fund Flows
Monthly money in and out of Horizon Active Risk Assist Fund, from SEC Form N-PORT.
- 12-month net flow: $68.1M
- 12-month gross sales (incl. reinvestments): $413.5M
- Sales ÷ redemptions: 1.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $25.2M | $23.5M | $1.7M |
| Apr 2026 | $34.6M | $25.8M | $8.8M |
| Mar 2026 | $23.9M | $21.6M | $2.3M |
| Feb 2026 | $22.8M | $25.1M | −$2.2M |
| Jan 2026 | $28.3M | $26.8M | $1.6M |
| Dec 2025 | $140.9M | $25.5M | $115.5M |
| Nov 2025 | $19.8M | $25.0M | −$5.2M |
| Oct 2025 | $26.7M | $40.5M | −$13.8M |
| Sep 2025 | $20.6M | $55.8M | −$35.2M |
| Aug 2025 | $18.8M | $24.5M | −$5.6M |
| Jul 2025 | $31.2M | $26.8M | $4.4M |
| Jun 2025 | $20.7M | $24.7M | −$4.1M |
ARAAX Assets Under Management
Net assets of Horizon Active Risk Assist Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.60B |
| 2026-02-28 | $1.48B |
| 2025-11-30 | $1.41B |
| 2025-08-31 | $1.40B |
| 2025-05-31 | $1.31B |
| 2025-02-28 | $1.32B |
| 2024-11-30 | $1.38B |
| 2024-08-31 | $1.34B |
| 2024-05-31 | $1.27B |
| 2024-02-29 | $1.30B |
| 2023-11-30 | $1.19B |
| 2023-08-31 | $1.23B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.