# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0000894189-26-000534
**Filing Date:** 2026-1
**Character Count:** 5133
**Document Hash:** fcba3874d207c20d788a5f043339c154
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-000534.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0000894189-26-000534

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**PERIOD START**: 20251130

**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:** 26532848

**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 Flexible Income ETF (Series ID: S000093287)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000261452 | Horizon Flexible Income ETF |  |

## 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 Flexible Income ETF

- **b. EDGAR series identifier (if any):** S000093287

- **c. LEI of Series:** 5299005F0YW0DIR3GY84

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $33842689.80

**Total Liabilities:** $116453.27

**Net Assets:** $33726236.53

**Cash Not Reported:** $459057.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261452 | 1.26%                | 0.11%                | 1.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4757.85                 | $131316.66                                 |
| Month 2  | $2431.79                 | $-194226.01                                |
| Month 3  | $0.00                    | $27489.80                                  |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Corporate High Yield Index

- **Index Identifier:** LF98TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund      | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    615579 | NS      | $615578.51    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPY 12/23/2025 624.12 P                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       249 | NC      | $25816.32     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY 12/23/2025 660.64 P                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -249 | NC      | $-94557.75    | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street SPDR Portfolio Hi | State Street SPDR Portfolio High Yield Bond ETF | CUSIP: 78468R606<br>LEI: 549300B3SM8J1H4W2052 | Long             | EC               | RF                | US        |   1374490 | NS      | $32740351.80  | 97.08%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-14

**Name of Applicant:** Horizon Funds

**Signature:** /s/ Matthew Chambers

**Name of Signer:** Matthew Chambers

**Title:** Chief Compliance Officer