# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0000894189-26-013900
**Filing Date:** 2026-4
**Character Count:** 89567
**Document Hash:** d0dddcbd3dc683ae5238f1cdb75e2ad8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-013900.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0000894189-26-013900

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Horizon Funds
- **CENTRAL INDEX KEY:** 0001643174

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23063
- **FILM NUMBER:** 26915983

**BUSINESS ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 704-544-2399

**MAIL ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 300
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

## Series and Classes Contracts Data

### Horizon Equity Premium Income Fund (Series ID: S000055166)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000173471 | Investor Class | HNDDX           |
| C000182199 | Advisor Class  | HADUX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Horizon Equity Premium Income Fund** | **Horizon Equity Premium Income Fund** | **Horizon Equity Premium Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.7%** | **Shares** | **Value**  |
| **Aerospace & Defense - 2.3%** | **Aerospace & Defense - 2.3%** | |
| General Electric Co. | 2527 | $864891 |
| L3Harris Technologies, Inc. | 724 | 263927 |
| Lockheed Martin Corp. | 1096 | 721256 |
| Northrop Grumman Corp. | 529 | 383197 |
| RTX Corp. | 5880 | 1191405 |
|  |  | 3424676 |
| **Air Freight & Logistics - 0.6%** | **Air Freight & Logistics - 0.6%** |  |
| FedEx Corp. | 876 | 339012 |
| United Parcel Service, Inc. - Class B | 4590 | 532256 |
|  |  | 871268 |
| **Automobiles - 1.4%** | **Automobiles - 1.4%** |  |
| Ford Motor Co. | 30030 | 423123 |
| General Motors Co. | 5416 | 426293 |
| Tesla, Inc. <sup>(a)</sup> | 3152 | 1268712 |
|  |  | 2118128 |
| **Banks - 5.7%** | **Banks - 5.7%** |  |
| Bank of America Corp. | 32784 | 1633627 |
| Citigroup, Inc. | 9179 | 1011434 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 11909 | 3576273 |
| PNC Financial Services Group, Inc. | 1884 | 400067 |
| Truist Financial Corp. | 6557 | 323326 |
| US Bancorp | 7772 | 424817 |
| Wells Fargo & Co. | 15436 | 1257262 |
|  |  | 8626806 |
| **Beverages - 1.7%** | **Beverages - 1.7%** |  |
| Coca-Cola Co. | 17905 | 1460332 |
| Constellation Brands, Inc. - Class A | 479 | 75615 |
| Keurig Dr Pepper, Inc. | 3762 | 113913 |
| PepsiCo, Inc. | 5712 | 969555 |
|  |  | 2619415 |
| **Biotechnology - 2.9%** | **Biotechnology - 2.9%** |  |
| AbbVie, Inc. | 9371 | 2174822 |
| Amgen, Inc. | 2464 | 956426 |
| Gilead Sciences, Inc. | 6717 | 1000497 |
| Regeneron Pharmaceuticals, Inc. | 116 | 90674 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 323 | 160476 |
|  |  | 4382895 |
| **Broadline Retail - 2.4%** | **Broadline Retail - 2.4%** |  |
| Amazon.com, Inc. <sup>(a)(b)</sup> | 17460 | 3666600 |
| **Building Products - 0.5%** | **Building Products - 0.5%** |  |
| Carrier Global Corp. | 2552 | 164349 |
| Johnson Controls International PLC | 2590 | 373737 |
| Trane Technologies PLC | 596 | 275543 |
|  |  | 813629 |
| **Capital Goods - 0.2%** | **Capital Goods - 0.2%** |  |
| General Dynamics Corp. | 1018 | 363477 |
| **Capital Markets - 3.8%** | **Capital Markets - 3.8%** |  |
| Ameriprise Financial, Inc. | 268 | 125992 |
| Bank of New York Mellon Corp. | 2628 | 312995 |
| Blackrock, Inc. | 605 | 643254 |
| Blackstone, Inc. | 2795 | 316869 |
| Charles Schwab Corp. | 5362 | 510463 |
| CME Group, Inc. | 1866 | 596187 |
| Goldman Sachs Group, Inc. | 1318 | 1132913 |
| Intercontinental Exchange, Inc. | 1486 | 243897 |
| KKR & Co., Inc. | 1391 | 121963 |
| Moody's Corp. | 329 | 157127 |
| Morgan Stanley | 7873 | 1310933 |
| S&P Global, Inc. | 633 | 279710 |
|  |  | 5752303 |
| **Chemicals - 1.2%** | **Chemicals - 1.2%** |  |
| Air Products & Chemicals, Inc. | 982 | 270708 |
| DuPont de Nemours, Inc. | 1509 | 75510 |
| Ecolab, Inc. | 741 | 228487 |
| Linde PLC | 1498 | 761104 |
| LyondellBasell Industries NV - Class A | 1784 | 102616 |
| PPG Industries, Inc. | 923 | 113778 |
| Sherwin-Williams Co. | 605 | 219367 |
| Solstice Advanced Materials, Inc. | 641 | 50325 |
|  |  | 1821895 |
| **Commercial Services & Supplies - 0.4%** | **Commercial Services & Supplies - 0.4%** |  |
| Cintas Corp. | 883 | 177598 |
| Republic Services, Inc. | 846 | 193734 |
| Waste Management, Inc. | 1244 | 299605 |
|  |  | 670937 |
| **Communications Equipment - 2.1%** | **Communications Equipment - 2.1%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 4539 | 605956 |
| Cisco Systems, Inc. | 25783 | 2048717 |
| Motorola Solutions, Inc. | 1053 | 507820 |
|  |  | 3162493 |
| **Consumer Finance - 0.5%** | **Consumer Finance - 0.5%** |  |
| American Express Co. | 1966 | 607297 |
| Capital One Financial Corp. | 1023 | 200140 |
|  |  | 807437 |
| **Consumer Staples Distribution & Retail - 2.5%** | **Consumer Staples Distribution & Retail - 2.5%** |  |
| Costco Wholesale Corp. | 647 | 653981 |
| Kroger Co. | 2331 | 159067 |
| Sysco Corp. | 1688 | 153878 |
| Target Corp. | 878 | 99908 |
| Walmart, Inc. <sup>(b)</sup> | 21928 | 2805688 |
|  |  | 3872522 |
| **Electric Utilities - 0.2%** | **Electric Utilities - 0.2%** |  |
| Constellation Energy Corp. | 617 | 203536 |
| Edison International | 1823 | 136251 |
|  |  | 339787 |
| **Electrical Equipment - 0.5%** | **Electrical Equipment - 0.5%** |  |
| Eaton Corp. PLC | 1150 | 432308 |
| Emerson Electric Co. | 2004 | 302103 |
|  |  | 734411 |
| **Electronic Equipment, Instruments & Components - 1.8%** | **Electronic Equipment, Instruments & Components - 1.8%** |  |
| Amphenol Corp. - Class A | 5904 | 862338 |
| Corning, Inc. | 8809 | 1324698 |
| TE Connectivity PLC | 2567 | 590795 |
|  |  | 2777831 |
| **Energy - 0.2%** | **Energy - 0.2%** |  |
| ONEOK, Inc. | 1424 | 117864 |
| Williams Cos., Inc. | 2844 | 212504 |
|  |  | 330368 |
| **Energy Equipment & Services - 0.1%** | **Energy Equipment & Services - 0.1%** |  |
| SLB Ltd. | 2567 | 131790 |
| **Entertainment - 1.1%** | **Entertainment - 1.1%** |  |
| Netflix, Inc. <sup>(a)</sup> | 10302 | 991464 |
| Walt Disney Co. | 6446 | 683534 |
|  |  | 1674998 |
| **Financial Services - 2.7%** | **Financial Services - 2.7%** |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 3396 | 1714810 |
| MasterCard, Inc. - Class A | 1794 | 927875 |
| Visa, Inc. - Class A | 4724 | 1512341 |
|  |  | 4155026 |
| **Food Products - 0.4%** | **Food Products - 0.4%** |  |
| Archer-Daniels-Midland Co. | 1917 | 132350 |
| General Mills, Inc. | 1941 | 87791 |
| Hershey Co. | 648 | 153109 |
| Kraft Heinz Co. | 3783 | 93100 |
| Mondelez International, Inc. - Class A | 3217 | 198103 |
|  |  | 664453 |
| **Ground Transportation - 0.8%** | **Ground Transportation - 0.8%** |  |
| CSX Corp. | 6046 | 258104 |
| Uber Technologies, Inc. <sup>(a)</sup> | 3424 | 258238 |
| Union Pacific Corp. | 2499 | 662185 |
|  |  | 1178527 |
| **Health Care Equipment & Services - 0.4%** | **Health Care Equipment & Services - 0.4%** |  |
| Medtronic PLC | 6616 | 646119 |
| **Health Care Equipment & Supplies - 0.8%** | **Health Care Equipment & Supplies - 0.8%** |  |
| Abbott Laboratories | 1538 | 178946 |
| Becton Dickinson & Co. | 958 | 169068 |
| Boston Scientific Corp. <sup>(a)</sup> | 2023 | 155468 |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 548 | 275923 |
| Stryker Corp. | 1017 | 394047 |
|  |  | 1173452 |
| **Health Care Providers & Services - 1.7%** | **Health Care Providers & Services - 1.7%** |  |
| Cigna Group | 1019 | 295327 |
| CVS Health Corp. | 6875 | 549313 |
| Elevance Health, Inc. | 703 | 224960 |
| HCA Healthcare, Inc. | 605 | 320468 |
| Humana, Inc. | 315 | 60020 |
| McKesson Corp. | 229 | 226108 |
| UnitedHealth Group, Inc. | 3198 | 937877 |
|  |  | 2614073 |
| **Hotels, Restaurants & Leisure - 2.5%** | **Hotels, Restaurants & Leisure - 2.5%** |  |
| Airbnb, Inc. - Class A <sup>(a)</sup> | 1743 | 235497 |
| Booking Holdings, Inc. | 106 | 449371 |
| Las Vegas Sands Corp. | 5466 | 310031 |
| Marriott International, Inc. - Class A | 1290 | 440832 |
| McDonald's Corp. | 3811 | 1299780 |
| Starbucks Corp. | 7143 | 700157 |
| Yum! Brands, Inc. | 1976 | 332284 |
|  |  | 3767952 |
| **Household Durables - 0.5%** | **Household Durables - 0.5%** |  |
| DR Horton, Inc. | 1512 | 242510 |
| Garmin, Ltd. | 1361 | 344101 |
| Lennar Corp. - Class A | 1391 | 159075 |
|  |  | 745686 |
| **Household Products - 1.2%** | **Household Products - 1.2%** |  |
| Colgate-Palmolive Co. | 1245 | 123429 |
| Kimberly-Clark Corp. | 856 | 95393 |
| Procter & Gamble Co. | 9255 | 1547436 |
|  |  | 1766258 |
| **Industrial Conglomerates - 0.7%** | **Industrial Conglomerates - 0.7%** |  |
| 3M Co. | 2448 | 404704 |
| Honeywell International, Inc. | 2563 | 624321 |
|  |  | 1029025 |
| **Insurance - 1.4%** | **Insurance - 1.4%** |  |
| Aflac, Inc. | 1828 | 206436 |
| Allstate Corp. | 810 | 173761 |
| American International Group, Inc. | 2045 | 164602 |
| Aon PLC - Class A | 405 | 135866 |
| Arthur J Gallagher & Co. | 441 | 100636 |
| Chubb Ltd. | 1170 | 398806 |
| Marsh & McLennan Cos., Inc. | 1392 | 259942 |
| MetLife, Inc. | 2799 | 201724 |
| Progressive Corp. | 788 | 168364 |
| Prudential Financial, Inc. | 1571 | 154555 |
| Travelers Cos., Inc. | 629 | 194135 |
|  |  | 2158827 |
| **Interactive Media & Services - 7.2%** | **Interactive Media & Services - 7.2%** |  |
| Alphabet, Inc. - Class A <sup>(b)</sup> | 24488 | 7634379 |
| Meta Platforms, Inc. - Class A <sup>(b)</sup> | 5258 | 3408130 |
|  |  | 11042509 |
| **IT Services - 1.4%** | **IT Services - 1.4%** |  |
| Accenture PLC - Class A | 2867 | 598400 |
| International Business Machines Corp. | 6093 | 1463600 |
|  |  | 2062000 |
| **Life Sciences Tools & Services - 0.3%** | **Life Sciences Tools & Services - 0.3%** |  |
| Danaher Corp. | 591 | 124488 |
| Thermo Fisher Scientific, Inc. | 668 | 348102 |
| Waters Corp. <sup>(a)</sup> | 128 | 41038 |
|  |  | 513628 |
| **Machinery - 1.9%** | **Machinery - 1.9%** |  |
| Caterpillar, Inc. | 1595 | 1184814 |
| Deere & Co. | 925 | 582482 |
| Illinois Tool Works, Inc. | 1183 | 343815 |
| Otis Worldwide Corp. | 1335 | 123568 |
| PACCAR, Inc. | 2811 | 354439 |
| Parker-Hannifin Corp. | 356 | 359268 |
|  |  | 2948386 |
| **Materials - 0.6%** | **Materials - 0.6%** |  |
| Freeport-McMoRan, Inc. | 4111 | 279877 |
| Newmont Goldcorp Corp. | 4355 | 566150 |
| Nucor Corp. | 731 | 129299 |
|  |  | 975326 |
| **Media - 0.6%** | **Media - 0.6%** |  |
| Comcast Corp. - Class A | 25804 | 798892 |
| Versant Media Group, Inc. <sup>(a)</sup> | 1029 | 34286 |
|  |  | 833178 |
| **Oil, Gas & Consumable Fuels - 3.6%** | **Oil, Gas & Consumable Fuels - 3.6%** |  |
| Chevron Corp. | 7700 | 1438052 |
| ConocoPhillips | 2796 | 317234 |
| EOG Resources, Inc. | 926 | 114898 |
| Exxon Mobil Corp. | 19644 | 2995710 |
| Marathon Petroleum Corp. | 722 | 143108 |
| Occidental Petroleum Corp. | 1972 | 104674 |
| Phillips 66 | 871 | 134421 |
| Valero Energy Corp. | 824 | 168623 |
|  |  | 5416720 |
| **Pharmaceuticals - 4.8%** | **Pharmaceuticals - 4.8%** |  |
| Bristol-Myers Squibb Co. | 11889 | 741517 |
| Eli Lilly & Co. <sup>(b)</sup> | 1806 | 1899894 |
| Johnson & Johnson | 12313 | 3058919 |
| Merck & Co., Inc. | 11115 | 1376259 |
| Pfizer, Inc. | 4227 | 116876 |
| Zoetis, Inc. | 1226 | 160729 |
|  |  | 7354194 |
| **Professional Services - 0.3%** | **Professional Services - 0.3%** |  |
| Automatic Data Processing, Inc. | 1678 | 359696 |
| Paychex, Inc. | 1725 | 161546 |
|  |  | 521242 |
| **Semiconductors & Semiconductor Equipment - 13.7%** | **Semiconductors & Semiconductor Equipment - 13.7%** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 2753 | 551178 |
| Analog Devices, Inc. | 2665 | 948180 |
| Applied Materials, Inc. | 2771 | 1031643 |
| Broadcom, Inc. <sup>(b)</sup> | 16165 | 5165526 |
| KLA Corp. | 572 | 872043 |
| Lam Research Corp. | 5253 | 1228624 |
| Micron Technology, Inc. | 3739 | 1541852 |
| NVIDIA Corp. <sup>(b)</sup> | 42828 | 7588693 |
| Qnity Electronics, Inc. | 751 | 95197 |
| QUALCOMM, Inc. | 5084 | 723758 |
| Texas Instruments, Inc. | 5272 | 1118244 |
|  |  | 20864938 |
| **Software - 6.3%** | **Software - 6.3%** |  |
| Adobe, Inc. <sup>(a)</sup> | 1099 | 288388 |
| Intuit, Inc. | 894 | 365673 |
| Microsoft Corp. <sup>(b)</sup> | 17389 | 6829356 |
| Oracle Corp. | 4331 | 629727 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 2138 | 318391 |
| Roper Technologies, Inc. | 630 | 220330 |
| Salesforce, Inc. | 2978 | 580085 |
| ServiceNow, Inc. <sup>(a)</sup> | 2833 | 305992 |
|  |  | 9537942 |
| **Specialty Retail - 2.4%** | **Specialty Retail - 2.4%** |  |
| Home Depot, Inc. | 4755 | 1810323 |
| Lowe's Cos., Inc. | 2619 | 692909 |
| Ross Stores, Inc. | 1715 | 352673 |
| TJX Cos., Inc. | 4723 | 763520 |
|  |  | 3619425 |
| **Technology Hardware, Storage & Peripherals - 5.5%** | **Technology Hardware, Storage & Peripherals - 5.5%** |  |
| Apple, Inc. <sup>(b)</sup> | 29291 | 7738096 |
| Hewlett Packard Enterprise Co. | 17211 | 369520 |
| HP, Inc. | 10946 | 207865 |
|  |  | 8315481 |
| **Telecommunication Services - 1.8%** | **Telecommunication Services - 1.8%** |  |
| T-Mobile US, Inc. | 5423 | 1177279 |
| Verizon Communications, Inc. | 31314 | 1570084 |
|  |  | 2747363 |
| **Textiles, Apparel & Luxury Goods - 0.3%** | **Textiles, Apparel & Luxury Goods - 0.3%** |  |
| Nike, Inc. - Class B | 7782 | 483885 |
| **Tobacco - 1.1%** | **Tobacco - 1.1%** |  |
| Altria Group, Inc. | 5902 | 407474 |
| Philip Morris International, Inc. | 7075 | 1321822 |
|  |  | 1729296 |
| **Trading Companies & Distributors - 0.1%** | **Trading Companies & Distributors - 0.1%** |  |
| United Rentals, Inc. | 170 | 142800 |
| **Utilities - 2.6%** | **Utilities - 2.6%** |  |
| American Electric Power Co., Inc. | 2709 | 362518 |
| Consolidated Edison, Inc. | 1608 | 180932 |
| Dominion Energy, Inc. | 4541 | 286719 |
| Duke Energy Corp. | 3964 | 518690 |
| Exelon Corp. | 5260 | 260212 |
| NextEra Energy, Inc. | 9849 | 923541 |
| Public Service Enterprise Group, Inc. | 2272 | 195551 |
| Sempra | 2873 | 276584 |
| Southern Co. | 5540 | 539485 |
| WEC Energy Group, Inc. | 1528 | 178715 |
| Xcel Energy, Inc. | 2751 | 229323 |
|  |  | 3952270 |
| **TOTAL COMMON STOCKS** (Cost $103,835,046) | **TOTAL COMMON STOCKS** (Cost $103,835,046) | 151923647 |
| **REAL ESTATE INVESTMENT TRUSTS - 0.0% <sup>(c)</sup>** | **Shares** | **Value**  |
| **Specialized REITs - 0.0% <sup>(c)</sup>** | **Specialized REITs - 0.0% <sup>(c)</sup>** |  |
| Millrose Properties, Inc. | 1309 | 41050 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $35,494) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $35,494) | 41050 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.60% <sup>(d)</sup> | 1709247 | 1709247 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,709,247) | **TOTAL MONEY MARKET FUNDS** (Cost $1,709,247) | 1709247 |
| **TOTAL INVESTMENTS - 100.8% (**Cost $105,579,787**)** | **TOTAL INVESTMENTS - 100.8% (**Cost $105,579,787**)** | 153673944 |
| Liabilities in Excess of Other Assets - (0.8)% | Liabilities in Excess of Other Assets - (0.8)% | (1238714) |
| **TOTAL NET ASSETS - 100.0%** |  | $152435230 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

(b) All or a portion of the security has been pledged as collateral for written options.

(c) Represents less than 0.05% of net assets.

(d) The rate shown represents the 7-day annualized yield as of February 28, 2026.

---

| | | | |
|:---|:---|:---|:---|
| **Horizon Equity Premium Income Fund** | **Horizon Equity Premium Income Fund** | **Horizon Equity Premium Income Fund** | **Horizon Equity Premium Income Fund** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **WRITTEN OPTIONS - (0.0)% <sup>(a)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.0)% <sup>(a)</sup>** | **Call Options - (0.0)% <sup>(a)</sup>** | **Call Options - (0.0)% <sup>(a)</sup>** | **Call Options - (0.0)% <sup>(a)</sup>** |
| S&P 500 Index, Expiration: 03/05/2026; Exercise Price: $7,000.00 <sup>(b)(c)</sup> | $(99743760) | (145) | $(50025) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $161,822) |  |  | $(50025) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Represents less than 0.05% of net assets.

(b) Exchange-traded.

(c) 100 shares per contract.

------

#### <br>

#### Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)
Horizon Equity Premium Income Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $151923647 | $– | $– | $151923647 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 41050 | – | – | 41050 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1709247 | – | – | 1709247 |
| Total Investments | $153673944 | $– | $– | $153673944 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(50025) | $– | $(50025) |
| Total Investments | $– | $(50025) | $– | $(50025) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Horizon Funds

- **b. Investment Company Act file number:** 811-23063

- **c. CIK number of Registrant:** 0001643174

- **d. LEI of Registrant:** 549300Q2NFSH0QP87Y93

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 6210 Ardrey Kell Road

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28277

  - **Telephone number:** 866-371-2399

**Item A.2. Information about the Series.**

- **a. Name of Series:** Horizon Equity Premium Income Fund

- **b. EDGAR series identifier (if any):** S000055166

- **c. LEI of Series:** 549300EJNY4CGCCZC528

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $152738658.08

**Total Liabilities:** $231582.22

**Net Assets:** $152507075.86

**Cash Not Reported:** $462755.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173471 | -0.18%               | 2.70%                | 0.70%                |
| Class ID C000182199 | -0.21%               | 2.67%                | 0.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $478605.54               | $-552635.97                                |
| Month 2  | $916645.43               | $2310396.74                                |
| Month 3  | $0.00                    | $184010.63                                 |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Elevance Health Inc            | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       698 | NS      | $223360.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       735 | NS      | $226637.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      1808 | NS      | $135129.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       568 | NS      | $865944.40    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      1380 | NS      | $120998.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      3752 | NS      | $92336.72     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                  | Kroger Co/The                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      2312 | NS      | $157770.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       718 | NS      | $261739.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5210 | NS      | $1218566.90   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      5421 | NS      | $307479.12    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      1380 | NS      | $157816.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1792 | NS      | $1885166.08   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1087 | NS      | $715332.96    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2598 | NS      | $687352.86    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       717 | NS      | $142116.57    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International Inc/MD              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      1280 | NS      | $437414.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5379 | NS      | $1167727.11   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       624 | NS      | $192591.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp          | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      6503 | NS      | $320662.93    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      3396 | NS      | $256126.32    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      2479 | NS      | $656885.42    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      4552 | NS      | $527849.92    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       169 | NS      | $141960.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3172 | NS      | $930252.44    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                             | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      1141 | NS      | $428924.72    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                  | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      1486 | NS      | $755006.88    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                     | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       592 | NS      | $273693.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV   | LyondellBasell Industries NV               | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | US        |      1770 | NS      | $101810.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5215 | NS      | $3380258.70   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1381 | NS      | $257887.94    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1780 | NS      | $920633.80    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      3780 | NS      | $1289206.80   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                  | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       228 | NS      | $225120.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     11023 | NS      | $1364867.86   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                    | MetLife Inc                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      2776 | NS      | $200066.32    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     17245 | NS      | $6772801.30   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3709 | NS      | $1529480.33   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc        | Millrose Properties Inc                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1299 | NS      | $40736.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      3191 | NS      | $196501.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       327 | NS      | $156171.93    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      7808 | NS      | $1300110.08   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc         | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1045 | NS      | $503961.70    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1869 | NS      | $396882.15    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |       916 | NS      | $112915.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2121 | NS      | $315859.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp           | Parker-Hannifin Corp                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       354 | NS      | $357249.72    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1711 | NS      | $160235.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      5665 | NS      | $961577.10    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                     | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4192 | NS      | $115908.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      7017 | NS      | $1310986.11   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       864 | NS      | $133341.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      9179 | NS      | $1534728.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       782 | NS      | $167082.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      1558 | NS      | $153276.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou | Public Service Enterprise Group Inc        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      2254 | NS      | $194001.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc          | Qnity Electronics Inc                      | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |       745 | NS      | $94436.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      5042 | NS      | $717779.12    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       116 | NS      | $90673.72     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |       839 | NS      | $192131.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       625 | NS      | $218581.25    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      1701 | NS      | $349793.64    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                     | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      7708 | NS      | $421319.28    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp             | Valero Energy Corp                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       818 | NS      | $167395.52    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     31055 | NS      | $1557097.70   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Versant Media Group Inc        | Versant Media Group Inc                    | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |      1021 | NS      | $34019.72     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       321 | NS      | $159482.43    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4685 | NS      | $1499855.90   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1216 | NS      | $159417.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      6562 | NS      | $640844.92    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     16032 | NS      | $5123025.60   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1851 | NS      | $591394.50    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      5996 | NS      | $255969.24    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      6819 | NS      | $544838.10    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp     | Capital One Financial Corp                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1015 | NS      | $198574.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp            | Carrier Global Corp                        | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |      2531 | NS      | $162996.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1582 | NS      | $1175157.06   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7637 | NS      | $1426286.12   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                | Cigna Group/The                            | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1011 | NS      | $293008.02    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     25570 | NS      | $2031792.20   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       876 | NS      | $176189.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      9103 | NS      | $1003059.57   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     17757 | NS      | $1448260.92   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       919 | NS      | $114029.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1988 | NS      | $299691.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      1235 | NS      | $122437.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     25591 | NS      | $792297.36    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2773 | NS      | $314624.58    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      1595 | NS      | $179469.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      5217 | NS      | $258084.99    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     19482 | NS      | $2971005.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       476 | NS      | $75141.36     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       612 | NS      | $201886.56    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       869 | NS      | $336303.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1246499 | NS      | $1246498.93   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     29782 | NS      | $419628.38    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      4077 | NS      | $277562.16    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      8736 | NS      | $1313719.68   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       642 | NS      | $648927.18    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      1500 | NS      | $240585.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       587 | NS      | $123645.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       918 | NS      | $578073.78    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      4504 | NS      | $284382.56    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      3932 | NS      | $514502.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      1497 | NS      | $74909.88     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1010 | NS      | $360620.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      2507 | NS      | $858045.82    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      1925 | NS      | $87067.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      5372 | NS      | $422830.12    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6662 | NS      | $992304.90    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      1413 | NS      | $116954.01    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4296 | NS      | $624638.40    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp            | Otis Worldwide Corp                        | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      1324 | NS      | $122549.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     10217 | NS      | $983284.08    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      4319 | NS      | $561470.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      2788 | NS      | $351538.92    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      5832 | NS      | $1181679.84   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       628 | NS      | $277500.64    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2954 | NS      | $575409.66    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                         | Sempra                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      2850 | NS      | $274369.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      1161 | NS      | $395738.46    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      9768 | NS      | $915945.36    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      7718 | NS      | $479905.24    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       525 | NS      | $380299.50    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       725 | NS      | $128238.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     42474 | NS      | $7525968.06   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      1956 | NS      | $103824.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                     | Garmin Ltd                                 | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |      1350 | NS      | $341320.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPXW US 03/05/26 C7000                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -145 | NC      | $-50025.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SLB Ltd                        | SLB Ltd                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      2546 | NS      | $130711.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      5318 | NS      | $506273.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2810 | NS      | $303508.10    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       600 | NS      | $217554.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials In | Solstice Advanced Materials Inc            | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |       636 | NS      | $49932.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      5495 | NS      | $535103.10    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      7084 | NS      | $694373.68    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      1009 | NS      | $390947.14    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      1675 | NS      | $152693.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       871 | NS      | $99111.09     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3126 | NS      | $1258246.26   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                        | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      2546 | NS      | $585961.90    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4684 | NS      | $757215.44    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      5229 | NS      | $1109123.19   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       663 | NS      | $345495.93    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1526 | NS      | $177550.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      9294 | NS      | $2156951.52   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2749 | NS      | $1023452.70   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co      | Archer-Daniels-Midland Co                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      1902 | NS      | $131314.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      4502 | NS      | $601017.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       438 | NS      | $99951.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1308 | NS      | $1124317.56   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       600 | NS      | $317820.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       887 | NS      | $362809.61    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       544 | NS      | $273909.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     12211 | NS      | $3033578.73   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                          | 3M Co                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      2428 | NS      | $401396.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      1516 | NS      | $177311.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     15309 | NS      | $1246918.05   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      2821 | NS      | $210785.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      2729 | NS      | $227489.44    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                | Yum! Brands Inc                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      1960 | NS      | $329593.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc         | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |      2569 | NS      | $370706.70    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                      | Aflac Inc                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      1813 | NS      | $204742.09    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1090 | NS      | $286026.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2731 | NS      | $546773.51    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                     | Airbnb Inc                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      1729 | NS      | $233605.19    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       974 | NS      | $268502.58    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The              | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       804 | NS      | $172474.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     24286 | NS      | $7571403.36   | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      5854 | NS      | $404160.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     17316 | NS      | $3636360.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2687 | NS      | $359574.34    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1950 | NS      | $602355.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      2029 | NS      | $163314.21    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc       | Ameriprise Financial Inc                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       266 | NS      | $125051.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2444 | NS      | $948663.04    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      5856 | NS      | $855327.36    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2643 | NS      | $940352.97    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     29049 | NS      | $7674164.82   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      1665 | NS      | $356909.40    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     32513 | NS      | $1620122.79   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      2607 | NS      | $310493.70    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       951 | NS      | $167832.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3368 | NS      | $1700671.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      2772 | NS      | $314261.64    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       600 | NS      | $637938.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       106 | NS      | $449371.10    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2007 | NS      | $154237.95    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co        | Bristol-Myers Squibb Co                    | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     11791 | NS      | $735404.67    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      6393 | NS      | $677913.72    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                         | HP Inc                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     10856 | NS      | $206155.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       643 | NS      | $151928.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co  | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     17069 | NS      | $366471.43    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4716 | NS      | $1795475.52   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2542 | NS      | $619205.78    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       313 | NS      | $59639.02     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      1174 | NS      | $341199.62    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1474 | NS      | $241927.62    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      6043 | NS      | $1451589.03   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     11811 | NS      | $3546843.30   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc           | Keurig Dr Pepper Inc                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      3731 | NS      | $112974.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       849 | NS      | $94612.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     21747 | NS      | $2782528.65   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      1234 | NS      | $297196.56    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                    | Waters Corp                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       127 | NS      | $40718.79     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                    | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |       402 | NS      | $134858.94    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                              | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      2844 | NS      | $593599.68    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** Horizon Funds

**Signature:** /s/ Stephen Terry

**Name of Signer:** Stephen Terry

**Title:** Chief Financial Officer