# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0000894189-26-000525
**Filing Date:** 2026-1
**Character Count:** 7736
**Document Hash:** 169f437374ae9530bc7b18d0637c67c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-000525.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0000894189-26-000525

**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:** 26532838

**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 Active Income Fund (Series ID: S000050383)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000159083 | Advisor Class       | AIHAX           |
| C000159084 | Institutional Class | AIRIX           |
| C000159085 | Investor Class      | AIMNX           |

## 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 Active Income Fund

- **b. EDGAR series identifier (if any):** S000050383

- **c. LEI of Series:** 549300K0G4XL1PLHHK42

**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:** $350616449.01

**Total Liabilities:** $70143896.12

**Net Assets:** $280472552.89

**Cash Not Reported:** $118672.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159083 | 1.23%                | 0.49%                | 0.48%                |
| Class ID C000159084 | 1.25%                | 0.37%                | 0.61%                |
| Class ID C000159085 | 1.12%                | 0.49%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $316148.86               | $1995929.22                                |
| Month 2  | $0.00                    | $407914.58                                 |
| Month 3  | $0.00                    | $646759.80                                 |

### 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        |  69988909 | NS      | $69988909.44  | 24.95%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares TIPS Bond ETF          | iShares TIPS Bond ETF                                     | CUSIP: 464287176<br>LEI: 549300EHD1VQKMRQ0829 | Long             | EC               | RF                | US        |    125139 | NS      | $13922965.14  | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 5-10 Year Investment G | iShares 5-10 Year Investment Grade Corporate Bond ETF     | CUSIP: 464288638<br>LEI: 549300ZJOCMXQZ0RKQ84 | Long             | EC               | RF                | US        |   1040340 | NS      | $56584092.60  | 20.17%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares 10+ Year Investment Gr | iShares 10+ Year Investment Grade Corporate Bond ETF      | CUSIP: 464289511<br>LEI: 5493002XJCHL78PKW767 | Long             | EC               | RF                | US        |    502913 | NS      | $25960369.06  | 9.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Janus Henderson Mortgage-Backe | Janus Henderson Mortgage-Backed Securities ETF            | CUSIP: 47103U852<br>LEI: 549300V6TVE4ZJCDWY16 | Long             | EC               | RF                | US        |    491419 | NS      | $22590531.43  | 8.05%             |  |  |  | No            |                  1 | On Loan: —       |
| PIMCO Multisector Bond Active  | PIMCO Multisector Bond Active ETF                         | CUSIP: 72201R585<br>LEI: 5493000GFQP1EZBJDY50 | Long             | EC               | RF                | US        |   1879586 | NS      | $50636046.84  | 18.05%            |  |  |  | No            |                  1 | On Loan: —       |
| PIMCO Active Bond Exchange-Tra | PIMCO Active Bond Exchange-Traded Fund                    | CUSIP: 72201R775<br>LEI: WFXVQL1P1SLFR2PGV620 | Long             | EC               | RF                | US        |    149835 | NS      | $14079994.95  | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Portfolio Sh | State Street SPDR Portfolio Short Term Corporate Bond ETF | CUSIP: 78464A474<br>LEI: 549300D2BO7L1J2SO973 | Long             | EC               | RF                | US        |    724363 | NS      | $21948198.90  | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street DoubleLine Total  | State Street DoubleLine Total Return Tactical ETF         | CUSIP: 78467V848<br>LEI: 549300BX4XYYCFT9AP37 | Long             | EC               | RF                | US        |    823357 | NS      | $33510629.90  | 11.95%            |  |  |  | No            |                  1 | On Loan: —       |
| Simplify MBS ETF               | Simplify MBS ETF                                          | CUSIP: 82889N525<br>LEI: 529900BTWVWYXPUFO805 | Long             | EC               | RF                | US        |    274568 | NS      | $13861565.48  | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total International B | Vanguard Total International Bond ETF                     | CUSIP: 92203J407<br>LEI: N/A                  | Long             | EC               | RF                | US        |    551091 | NS      | $27361668.15  | 9.76%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** Horizon Funds

**Signature:** /s/ Matthew Chambers

**Name of Signer:** Matthew Chambers

**Title:** Chief Compliance Officer