# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0000894189-26-013898
**Filing Date:** 2026-4
**Character Count:** 58705
**Document Hash:** 4287e8918b7be870b8016a5b0908d9e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-013898.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0000894189-26-013898

**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:** 26915979

**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 Digital Frontier ETF (Series ID: S000093285)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000261450 | Horizon Digital Frontier ETF | YNOT            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Horizon Digital Frontier ETF** | **Horizon Digital Frontier ETF** | **Horizon Digital Frontier ETF** | **Horizon Digital Frontier ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **COMMON STOCKS - 100.2%** | **COMMON STOCKS - 100.2%** | **Shares**  | **Value**  |
| **Aerospace & Defense - 2.1%** | **Aerospace & Defense - 2.1%** | **Aerospace & Defense - 2.1%** | |
| AeroVironment, Inc. <sup>(a)(b)</sup> | AeroVironment, Inc. <sup>(a)(b)</sup> | 3654 | $921722 |
| Axon Enterprise, Inc. <sup>(a)</sup> | Axon Enterprise, Inc. <sup>(a)</sup> | 173 | 93835 |
| BWX Technologies, Inc. | BWX Technologies, Inc. | 1979 | 407634 |
| Rocket Lab Corp. <sup>(a)</sup> | Rocket Lab Corp. <sup>(a)</sup> | 2356 | 162800 |
| Rolls-Royce Holdings PLC - ADR | Rolls-Royce Holdings PLC - ADR | 10699 | 199215 |
|  |  |  | 1785206 |
| **Automobiles - 3.6%** | **Automobiles - 3.6%** | **Automobiles - 3.6%** |  |
| BYD Co. Ltd. - ADR | BYD Co. Ltd. - ADR | 30146 | 362054 |
| Tesla, Inc. <sup>(a)(b)</sup> | Tesla, Inc. <sup>(a)(b)</sup> | 6908 | 2780539 |
|  |  |  | 3142593 |
| **Banks - 2.3%** | **Banks - 2.3%** | **Banks - 2.3%** |  |
| JPMorgan Chase & Co. <sup>(b)</sup> | JPMorgan Chase & Co. <sup>(b)</sup> | 5396 | 1620419 |
| NU Holdings Ltd. - Class A <sup>(a)(b)</sup> | NU Holdings Ltd. - Class A <sup>(a)(b)</sup> | 26048 | 390199 |
|  |  |  | 2010618 |
| **Broadline Retail - 9.7%** | **Broadline Retail - 9.7%** | **Broadline Retail - 9.7%** |  |
| Alibaba Group Holding Ltd. - ADR <sup>(b)</sup> | Alibaba Group Holding Ltd. - ADR <sup>(b)</sup> | 9362 | 1349158 |
| Amazon.com, Inc. <sup>(a)(b)</sup> | Amazon.com, Inc. <sup>(a)(b)</sup> | 30239 | 6350190 |
| MercadoLibre, Inc. <sup>(a)</sup> | MercadoLibre, Inc. <sup>(a)</sup> | 75 | 131818 |
| PDD Holdings, Inc. - ADR <sup>(a)</sup> | PDD Holdings, Inc. - ADR <sup>(a)</sup> | 1999 | 207356 |
| Prosus NV - ADR | Prosus NV - ADR | 14898 | 152556 |
| Sea Ltd. - ADR <sup>(a)(b)</sup> | Sea Ltd. - ADR <sup>(a)(b)</sup> | 2474 | 268305 |
|  |  |  | 8459383 |
| **Capital Markets - 1.2%** | **Capital Markets - 1.2%** | **Capital Markets - 1.2%** |  |
| Coinbase Global, Inc. - Class A <sup>(a)(b)</sup> | Coinbase Global, Inc. - Class A <sup>(a)(b)</sup> | 1265 | 222450 |
| Interactive Brokers Group, Inc. - Class A <sup>(b)</sup> | Interactive Brokers Group, Inc. - Class A <sup>(b)</sup> | 6849 | 487580 |
| Robinhood Markets, Inc. - Class A <sup>(a)(b)</sup> | Robinhood Markets, Inc. - Class A <sup>(a)(b)</sup> | 4147 | 314550 |
|  |  |  | 1024580 |
| **Communications Equipment - 0.9%** | **Communications Equipment - 0.9%** | **Communications Equipment - 0.9%** |  |
| Arista Networks, Inc. <sup>(a)(b)</sup> | Arista Networks, Inc. <sup>(a)(b)</sup> | 6170 | 823695 |
| **Construction & Engineering - 0.8%** | **Construction & Engineering - 0.8%** | **Construction & Engineering - 0.8%** |  |
| Comfort Systems USA, Inc. | Comfort Systems USA, Inc. | 122 | 174383 |
| EMCOR Group, Inc. | EMCOR Group, Inc. | 155 | 112316 |
| Quanta Services, Inc. <sup>(b)</sup> | Quanta Services, Inc. <sup>(b)</sup> | 738 | 415553 |
|  |  |  | 702252 |
| **Diversified Telecommunication Services - 1.9%** | **Diversified Telecommunication Services - 1.9%** | **Diversified Telecommunication Services - 1.9%** |  |
| Deutsche Telekom AG - ADR <sup>(b)</sup> | Deutsche Telekom AG - ADR <sup>(b)</sup> | 40380 | 1626506 |
| **Electric Utilities - 1.5%** | **Electric Utilities - 1.5%** | **Electric Utilities - 1.5%** |  |
| Constellation Energy Corp. <sup>(b)</sup> | Constellation Energy Corp. <sup>(b)</sup> | 2312 | 762683 |
| NRG Energy, Inc. <sup>(b)</sup> | NRG Energy, Inc. <sup>(b)</sup> | 1644 | 294210 |
| Oklo, Inc. <sup>(a)</sup> | Oklo, Inc. <sup>(a)</sup> | 3403 | 214219 |
|  |  |  | 1271112 |
| **Electrical Equipment - 5.3%** | **Electrical Equipment - 5.3%** | **Electrical Equipment - 5.3%** |  |
| ABB Ltd. - ADR <sup>(b)</sup> | ABB Ltd. - ADR <sup>(b)</sup> | 6202 | 575484 |
| Bloom Energy Corp. - Class A <sup>(a)</sup> | Bloom Energy Corp. - Class A <sup>(a)</sup> | 1651 | 257011 |
| Eaton Corp. PLC <sup>(b)</sup> | Eaton Corp. PLC <sup>(b)</sup> | 1976 | 742818 |
| GE Vernova, Inc. <sup>(b)</sup> | GE Vernova, Inc. <sup>(b)</sup> | 1309 | 1143542 |
| Schneider Electric SE - ADR | Schneider Electric SE - ADR | 9468 | 617408 |
| Siemens Energy AG - ADR <sup>(a)</sup> | Siemens Energy AG - ADR <sup>(a)</sup> | 3995 | 778466 |
| Vertiv Holdings Co. - Class A <sup>(b)</sup> | Vertiv Holdings Co. - Class A <sup>(b)</sup> | 2014 | 513348 |
|  |  |  | 4628077 |
| **Electronic Equipment, Instruments & Components - 2.8%** | **Electronic Equipment, Instruments & Components - 2.8%** | **Electronic Equipment, Instruments & Components - 2.8%** |  |
| Amphenol Corp. - Class A <sup>(b)</sup> | Amphenol Corp. - Class A <sup>(b)</sup> | 4793 | 700066 |
| Celestica, Inc. <sup>(a)</sup> | Celestica, Inc. <sup>(a)</sup> | 691 | 191842 |
| Corning, Inc. <sup>(b)</sup> | Corning, Inc. <sup>(b)</sup> | 7935 | 1193265 |
| Flex Ltd. <sup>(a)</sup> | Flex Ltd. <sup>(a)</sup> | 2023 | 127490 |
| TE Connectivity PLC | TE Connectivity PLC | 1107 | 254776 |
|  |  |  | 2467439 |
| **Entertainment - 0.8%** | **Entertainment - 0.8%** | **Entertainment - 0.8%** |  |
| NetEase, Inc. - ADR | NetEase, Inc. - ADR | 1063 | 122213 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | ROBLOX Corp. - Class A <sup>(a)</sup> | 3029 | 207971 |
| Spotify Technology SA <sup>(a)(b)</sup> | Spotify Technology SA <sup>(a)(b)</sup> | 624 | 321323 |
|  |  |  | 651507 |
| **Financial Services - 0.5%** | **Financial Services - 0.5%** | **Financial Services - 0.5%** |  |
| Block, Inc. <sup>(a)(b)</sup> | Block, Inc. <sup>(a)(b)</sup> | 6489 | 413349 |
| **Ground Transportation - 0.6%** | **Ground Transportation - 0.6%** | **Ground Transportation - 0.6%** |  |
| Uber Technologies, Inc. <sup>(a)(b)</sup> | Uber Technologies, Inc. <sup>(a)(b)</sup> | 7190 | 542270 |
| **Health Care Equipment & Supplies - 0.8%** | **Health Care Equipment & Supplies - 0.8%** | **Health Care Equipment & Supplies - 0.8%** |  |
| Intuitive Surgical, Inc. <sup>(a)(b)</sup> | Intuitive Surgical, Inc. <sup>(a)(b)</sup> | 1428 | 719012 |
| **Hotels, Restaurants & Leisure - 0.4%** | **Hotels, Restaurants & Leisure - 0.4%** | **Hotels, Restaurants & Leisure - 0.4%** |  |
| DoorDash, Inc. - Class A <sup>(a)</sup> | DoorDash, Inc. - Class A <sup>(a)</sup> | 1716 | 302823 |
| **Independent Power and Renewable Electricity Producers - 0.3%** | **Independent Power and Renewable Electricity Producers - 0.3%** | **Independent Power and Renewable Electricity Producers - 0.3%** |  |
| Vistra Corp. <sup>(b)</sup> | Vistra Corp. <sup>(b)</sup> | 1412 | 245533 |
| **Industrial Conglomerates - 2.1%** | **Industrial Conglomerates - 2.1%** | **Industrial Conglomerates - 2.1%** |  |
| Hitachi Ltd. - ADR <sup>(b)</sup> | Hitachi Ltd. - ADR <sup>(b)</sup> | 27977 | 933592 |
| Siemens AG - ADR <sup>(b)</sup> | Siemens AG - ADR <sup>(b)</sup> | 5998 | 873249 |
|  |  |  | 1806841 |
| **Interactive Media & Services - 14.1%** | **Interactive Media & Services - 14.1%** | **Interactive Media & Services - 14.1%** |  |
| Alphabet, Inc. - Class C <sup>(b)</sup> | Alphabet, Inc. - Class C <sup>(b)</sup> | 28625 | 8914684 |
| Baidu, Inc. - ADR <sup>(a)</sup> | Baidu, Inc. - ADR <sup>(a)</sup> | 1547 | 192509 |
| Meta Platforms, Inc. - Class A | Meta Platforms, Inc. - Class A | 2370 | 1536186 |
| Tencent Holdings Ltd. - ADR <sup>(b)</sup> | Tencent Holdings Ltd. - ADR <sup>(b)</sup> | 24897 | 1635733 |
|  |  |  | 12279112 |
| **IT Services - 2.9%** | **IT Services - 2.9%** | **IT Services - 2.9%** |  |
| Akamai Technologies, Inc. <sup>(a)(b)</sup> | Akamai Technologies, Inc. <sup>(a)(b)</sup> | 1390 | 136762 |
| Cloudflare, Inc. - Class A <sup>(a)(b)</sup> | Cloudflare, Inc. - Class A <sup>(a)(b)</sup> | 1654 | 284802 |
| Cognizant Technology Solutions Corp. - Class A <sup>(b)</sup> | Cognizant Technology Solutions Corp. - Class A <sup>(b)</sup> | 10008 | 644816 |
| International Business Machines Corp. | International Business Machines Corp. | 4218 | 1013206 |
| Shopify, Inc. - Class A <sup>(a)</sup> | Shopify, Inc. - Class A <sup>(a)</sup> | 3281 | 396115 |
|  |  |  | 2475701 |
| **Machinery - 1.5%** | **Machinery - 1.5%** | **Machinery - 1.5%** |  |
| Caterpillar, Inc. | Caterpillar, Inc. | 1438 | 1068190 |
| Mitsubishi Heavy Industries Ltd. - ADR <sup>(a)</sup> | Mitsubishi Heavy Industries Ltd. - ADR <sup>(a)</sup> | 7707 | 246624 |
|  |  |  | 1314814 |
| **Metals & Mining - 3.9%** | **Metals & Mining - 3.9%** | **Metals & Mining - 3.9%** |  |
| Agnico Eagle Mines Ltd. | Agnico Eagle Mines Ltd. | 1591 | 400296 |
| Anglo American PLC - ADR | Anglo American PLC - ADR | 7814 | 195350 |
| Barrick Mining Corp. | Barrick Mining Corp. | 5483 | 278207 |
| Freeport-McMoRan, Inc. <sup>(b)</sup> | Freeport-McMoRan, Inc. <sup>(b)</sup> | 9009 | 613333 |
| Gold Fields Ltd. - ADR | Gold Fields Ltd. - ADR | 3711 | 218355 |
| Newmont Corp. | Newmont Corp. | 2045 | 265850 |
| Rio Tinto PLC - ADR | Rio Tinto PLC - ADR | 5483 | 544681 |
| Southern Copper Corp. | Southern Copper Corp. | 3900 | 851334 |
|  |  |  | 3367406 |
| **Oil, Gas & Consumable Fuels - 0.9%** | **Oil, Gas & Consumable Fuels - 0.9%** | **Oil, Gas & Consumable Fuels - 0.9%** |  |
| Cameco Corp. | Cameco Corp. | 1999 | 236682 |
| EQT Corp. | EQT Corp. | 4420 | 271476 |
| Williams Cos., Inc. | Williams Cos., Inc. | 3908 | 292006 |
|  |  |  | 800164 |
| **Semiconductors & Semiconductor Equipment - 23.3%** | **Semiconductors & Semiconductor Equipment - 23.3%** | **Semiconductors & Semiconductor Equipment - 23.3%** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | Advanced Micro Devices, Inc. <sup>(a)</sup> | 2153 | 431052 |
| Applied Materials, Inc. <sup>(b)</sup> | Applied Materials, Inc. <sup>(b)</sup> | 3898 | 1451225 |
| ASE Technology Holding Co. Ltd. - ADR | ASE Technology Holding Co. Ltd. - ADR | 11833 | 287424 |
| ASML Holding NV | ASML Holding NV | 765 | 1109678 |
| Broadcom, Inc. | Broadcom, Inc. | 5133 | 1640250 |
| Infineon Technologies AG - ADR | Infineon Technologies AG - ADR | 4324 | 233583 |
| Intel Corp. <sup>(a)</sup> | Intel Corp. <sup>(a)</sup> | 10436 | 475986 |
| KLA Corp. <sup>(b)</sup> | KLA Corp. <sup>(b)</sup> | 636 | 969614 |
| Lam Research Corp. <sup>(b)</sup> | Lam Research Corp. <sup>(b)</sup> | 6224 | 1455731 |
| Marvell Technology, Inc. | Marvell Technology, Inc. | 4041 | 330109 |
| Micron Technology, Inc. <sup>(b)</sup> | Micron Technology, Inc. <sup>(b)</sup> | 6939 | 2861435 |
| NVIDIA Corp. | NVIDIA Corp. | 33183 | 5879696 |
| Rigetti Computing, Inc. <sup>(a)(b)</sup> | Rigetti Computing, Inc. <sup>(a)(b)</sup> | 5538 | 96472 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR <sup>(b)</sup> | Taiwan Semiconductor Manufacturing Co. Ltd. - ADR <sup>(b)</sup> | 5875 | 2200658 |
| Teradyne, Inc. | Teradyne, Inc. | 730 | 233622 |
| Tokyo Electron Ltd. - ADR <sup>(a)</sup> | Tokyo Electron Ltd. - ADR <sup>(a)</sup> | 4307 | 608881 |
|  |  |  | 20265416 |
| **Software - 13.8%** | **Software - 13.8%** | **Software - 13.8%** |  |
| Cadence Design Systems, Inc. <sup>(a)(b)</sup> | Cadence Design Systems, Inc. <sup>(a)(b)</sup> | 3397 | 1023856 |
| D-Wave Quantum, Inc. <sup>(a)(b)</sup> | D-Wave Quantum, Inc. <sup>(a)(b)</sup> | 5028 | 94426 |
| Microsoft Corp. | Microsoft Corp. | 12920 | 5074201 |
| Nebius Group NV <sup>(a)</sup> | Nebius Group NV <sup>(a)</sup> | 5390 | 491514 |
| Oracle Corp. <sup>(b)</sup> | Oracle Corp. <sup>(b)</sup> | 14276 | 2075730 |
| Palantir Technologies, Inc. - Class A <sup>(a)(b)</sup> | Palantir Technologies, Inc. - Class A <sup>(a)(b)</sup> | 11294 | 1549424 |
| Qualys, Inc. <sup>(a)(b)</sup> | Qualys, Inc. <sup>(a)(b)</sup> | 775 | 71664 |
| Salesforce, Inc. | Salesforce, Inc. | 1610 | 313612 |
| ServiceNow, Inc. <sup>(a)(b)</sup> | ServiceNow, Inc. <sup>(a)(b)</sup> | 3673 | 396721 |
| Strategy, Inc. <sup>(a)</sup> | Strategy, Inc. <sup>(a)</sup> | 1282 | 166019 |
| Synopsys, Inc. <sup>(a)</sup> | Synopsys, Inc. <sup>(a)</sup> | 1482 | 613548 |
| Tenable Holdings, Inc. <sup>(a)(b)</sup> | Tenable Holdings, Inc. <sup>(a)(b)</sup> | 4950 | 95188 |
|  |  |  | 11965903 |
| **Technology Hardware, Storage & Peripherals - 2.2%** | **Technology Hardware, Storage & Peripherals - 2.2%** | **Technology Hardware, Storage & Peripherals - 2.2%** |  |
| Dell Technologies, Inc. - Class C | Dell Technologies, Inc. - Class C | 3095 | 458308 |
| IonQ, Inc. <sup>(a)(b)</sup> | IonQ, Inc. <sup>(a)(b)</sup> | 2671 | 102486 |
| Quantum Computing, Inc. <sup>(a)(b)</sup> | Quantum Computing, Inc. <sup>(a)(b)</sup> | 11910 | 100163 |
| Sandisk Corp. <sup>(a)</sup> | Sandisk Corp. <sup>(a)</sup> | 686 | 435857 |
| Western Digital Corp. | Western Digital Corp. | 1814 | 507376 |
| Xiaomi Corp. - ADR <sup>(a)</sup> | Xiaomi Corp. - ADR <sup>(a)</sup> | 13121 | 289449 |
|  |  |  | 1893639 |
| **TOTAL COMMON STOCKS** (Cost $83,629,536) | **TOTAL COMMON STOCKS** (Cost $83,629,536) | **TOTAL COMMON STOCKS** (Cost $83,629,536) | 86984951 |
| **PURCHASED OPTIONS - 0.0% <sup>(a)(c)</sup>** | **Notional Amount**  | **Contracts**  | **Value**  |
| **Call Options - 0.0% <sup>(c)</sup>** | **Call Options - 0.0% <sup>(c)</sup>** |  |  |
| iShares Bitcoin Trust ETF <sup>(d)(e)(f)</sup> | iShares Bitcoin Trust ETF <sup>(d)(e)(f)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $51.51 | 189669 | 51 | 3537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $55.00 | 940907 | 253 | 11881 |
| **TOTAL PURCHASED OPTIONS** (Cost $189,602) | **TOTAL PURCHASED OPTIONS** (Cost $189,602) | **TOTAL PURCHASED OPTIONS** (Cost $189,602) | 15418 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.4%** | **MONEY MARKET FUNDS - 0.4%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.60% <sup>(g)</sup> | First American Government Obligations Fund - Class X, 3.60% <sup>(g)</sup> | 387380 | 387380 |
| **TOTAL MONEY MARKET FUNDS** (Cost $387,380) | **TOTAL MONEY MARKET FUNDS** (Cost $387,380) | **TOTAL MONEY MARKET FUNDS** (Cost $387,380) | 387380 |
| **TOTAL INVESTMENTS - 100.6% (**Cost $84,206,518**)** | **TOTAL INVESTMENTS - 100.6% (**Cost $84,206,518**)** | **TOTAL INVESTMENTS - 100.6% (**Cost $84,206,518**)** | 87387749 |
| Liabilities in Excess of Other Assets - (0.6)% | Liabilities in Excess of Other Assets - (0.6)% | Liabilities in Excess of Other Assets - (0.6)% | (532135) |
| **TOTAL NET ASSETS - 100.0%** |  |  | $86855614 |
| 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. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |
| 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) Exchange-traded.

(e) 100 shares per contract.

(f) Held in connection with written option contracts. See Schedule of Written Options for further information.

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

---

| | | | |
|:---|:---|:---|:---|
| **Horizon Digital Frontier ETF** | **Horizon Digital Frontier ETF** | **Horizon Digital Frontier ETF** | **Horizon Digital Frontier ETF** |
| **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 - (0.6)%** | **Notional Amount** | **Contracts** | **Value** |
| **Put Options - (0.6)%** | **Put Options - (0.6)%** | **Put Options - (0.6)%** | **Put Options - (0.6)%** |
| iShares Bitcoin Trust ETF <sup>(a)(b)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $51.51 | $(189669) | (51) | $(73035) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $55.00 | (940907) | (253) | (443846) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $180,479) |  |  | $(516881) |
| 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) Exchange-traded.

(b) 100 shares per contract.

------

#### Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)
Horizon Digital Frontier ETF (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 | $86984951 | $– | $– | $86984951 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 15418 | – | 15418 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 387380 | – | – | 387380 |
| Total Investments | $87372331 | $15418 | $– | $87387749 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(516881) | $– | $(516881) |
| Total Investments | $– | $(516881) | $– | $(516881) |
| 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 Digital Frontier ETF

- **b. EDGAR series identifier (if any):** S000093285

- **c. LEI of Series:** 52990018EE5F40KUP618

**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:** $87421766.49

**Total Liabilities:** $566161.39

**Net Assets:** $86855605.10

**Cash Not Reported:** $24.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261450 | -1.68%               | 3.81%                | -3.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-283070.14              | $-603505.25                                |
| Month 2  | $16602.76                | $1750101.19                                |
| Month 3  | $-164131.53              | $-2053605.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Baidu Inc                      | Baidu Inc                                  | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |      1547 | NS      | $192508.68    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp            | Barrick Mining Corp                        | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      5483 | NS      | $278207.42    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      1651 | NS      | $257011.17    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      6489 | NS      | $413349.30    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      7935 | NS      | $1193265.30   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies Inc                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      3095 | NS      | $458307.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                        | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     40380 | NS      | $1626506.40   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      1716 | NS      | $302822.52    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc             | D-Wave Quantum Inc                         | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |      5028 | NS      | $94425.84     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      4420 | NS      | $271476.40    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       155 | NS      | $112316.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    387356 | NS      | $387356.39    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                   | Strategy Inc                               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1282 | NS      | $166019.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1482 | NS      | $613548.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                             | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      1976 | NS      | $742817.92    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                        | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      1107 | NS      | $254776.05    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                      | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |       624 | NS      | $321322.56    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                       | Flex Ltd                                   | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | US        |      2023 | NS      | $127489.46    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                    | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      6202 | NS      | $575483.58    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd  | ASE Technology Holding Co Ltd              | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     11833 | NS      | $287423.57    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2153 | NS      | $431052.13    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment Inc                          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      3654 | NS      | $921721.50    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd         | Agnico Eagle Mines Ltd                     | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      1591 | NS      | $400295.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc        | Akamai Technologies Inc                    | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      1390 | NS      | $136762.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |      9362 | NS      | $1349157.82   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     28625 | NS      | $8914683.75   | 10.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     30239 | NS      | $6350190.00   | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      4793 | NS      | $700065.58    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC             | Anglo American PLC                         | CUSIP: 03485P409<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |      7814 | NS      | $195350.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      3898 | NS      | $1451225.40   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      6170 | NS      | $823695.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       173 | NS      | $93835.20     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      1979 | NS      | $407634.42    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                     | BYD Co Ltd                                 | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     30146 | NS      | $362053.46    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      5133 | NS      | $1640250.15   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      3397 | NS      | $1023855.80   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      1999 | NS      | $236681.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1438 | NS      | $1068189.54   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                  | Celestica Inc                              | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |       691 | NS      | $191842.33    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      1654 | NS      | $284802.26    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions | Cognizant Technology Solutions Corp        | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     10008 | NS      | $644815.44    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      1265 | NS      | $222450.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       122 | NS      | $174383.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2312 | NS      | $762682.56    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                            | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       765 | NS      | $1109678.40   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      9009 | NS      | $613332.72    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1309 | NS      | $1143542.40   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                | Gold Fields Ltd                            | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |      3711 | NS      | $218355.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                    | Hitachi Ltd                                | CUSIP: 433578507<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     27977 | NS      | $933592.49    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      1644 | NS      | $294210.24    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                    | NetEase Inc                                | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |      1063 | NS      | $122213.11    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      2045 | NS      | $265850.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Quantum Computing Inc          | Quantum Computing Inc                      | CUSIP: 74766W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11910 | NS      | $100163.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc          | Rigetti Computing Inc                      | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Long             | EC               | CORP              | US        |      5538 | NS      | $96471.96     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                  | Rio Tinto PLC                              | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      5483 | NS      | $544681.22    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc           | Tenable Holdings Inc                       | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |      4950 | NS      | $95188.50     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                       | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |     24897 | NS      | $1635732.90   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group NV                | Nebius Group NV                            | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Long             | EC               | CORP              | NL        |      5390 | NS      | $491514.10    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                       | Oklo Inc                                   | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3403 | NS      | $214218.85    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2370 | NS      | $1536186.60   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                   | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      4324 | NS      | $233582.48    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     10436 | NS      | $475985.96    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc  | Interactive Brokers Group Inc              | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      6849 | NS      | $487580.31    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4218 | NS      | $1013205.78   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1428 | NS      | $719012.28    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                       | IonQ Inc                                   | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |      2671 | NS      | $102486.27    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      5396 | NS      | $1620418.80   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       636 | NS      | $969613.80    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | IBIT 06/18/2026 51.51 C                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        51 | NC      | $3536.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IBIT 06/18/2026 55 C                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       253 | NC      | $11880.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IBIT 06/18/2026 51.51 P                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -51 | NC      | $-73035.06    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IBIT 06/18/2026 55 P                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -253 | NC      | $-443845.49   | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      6224 | NS      | $1455731.36   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |      4041 | NS      | $330109.29    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |        75 | NS      | $131818.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12920 | NS      | $5074200.80   | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      6939 | NS      | $2861435.43   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Lt | Mitsubishi Heavy Industries Ltd            | CUSIP: 606793404<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |      7707 | NS      | $246624.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     33183 | NS      | $5879695.77   | 6.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     14276 | NS      | $2075730.40   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     11294 | NS      | $1549423.86   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings Inc                           | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |      1999 | NS      | $207356.27    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                      | Prosus NV                                  | CUSIP: 74365P108<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     14898 | NS      | $152555.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                     | Qualys Inc                                 | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |       775 | NS      | $71664.25     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       738 | NS      | $415553.04    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      4147 | NS      | $314549.95    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      3029 | NS      | $207971.14    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                | Rocket Lab Corp                            | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2356 | NS      | $162799.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                   | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     10699 | NS      | $199215.38    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1610 | NS      | $313611.90    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                | Sandisk Corp/DE                            | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       686 | NS      | $435856.96    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                      | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      9468 | NS      | $617408.28    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                    | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      2474 | NS      | $268305.30    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3673 | NS      | $396720.73    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      3281 | NS      | $396115.13    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                     | Siemens AG                                 | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      5998 | NS      | $873248.82    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG              | Siemens Energy AG                          | CUSIP: 82621A203<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      3995 | NS      | $778465.70    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      3900 | NS      | $851333.98    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      5875 | NS      | $2200657.50   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       730 | NS      | $233621.90    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      6908 | NS      | $2780539.08   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                         | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      4307 | NS      | $608880.59    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      7190 | NS      | $542269.80    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      2014 | NS      | $513348.46    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      1412 | NS      | $245532.68    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp           | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      1814 | NS      | $507375.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      3908 | NS      | $292005.76    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp                    | Xiaomi Corp                                | CUSIP: 98421U108<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | CN        |     13121 | NS      | $289449.26    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |     26048 | NS      | $390199.04    | 0.45%             |  |  |  | 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