# EDGAR Filing Document

**Accession Number:** 0001643174
**File Stem:** 0001145549-23-003727
**Filing Date:** 2023-1
**Character Count:** 9944
**Document Hash:** 4ab1a38538921dde7d4aff0521a97f84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003727.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001145549-23-003727

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Horizon Funds
- **CENTRAL INDEX KEY:** 0001643174
- **IRS NUMBER:** 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:** 23561045

**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:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $451427386.54

**Total Liabilities:** $8403069.38

**Net Assets:** $443024317.16

**Cash Not Reported:** $152086.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159083 | -3.78%               | -1.11%               | 2.98%                |
| Class ID C000159084 | -3.82%               | -1.12%               | 3.01%                |
| Class ID C000159085 | -3.80%               | -1.11%               | 3.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-17622026.68                              |
| Month 2  | $0.00                    | $-5681470.00                               |
| Month 3  | $0.00                    | $12414856.09                               |

### 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 Treasury Obliga | First American Treasury Obligations Fund            | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2505888 | NS      | $2505888.02   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   7997981 | NS      | $7997981.25   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust TCW Opportunistic  | First Trust TCW Opportunistic Fixed Income ETF      | CUSIP: 33740F805<br>LEI: 549300LRCGY6CYZU0S37 | Long             | EC               | RF                | US        |   1471373 | NS      | $65034686.60  | 14.68%            |  |  |  | No            |                  1 | On Loan: —       |
| Hartford Total Return Bond ETF | Hartford Total Return Bond ETF                      | CUSIP: 41653L305<br>LEI: 549300TXMIMTONBLXT62 | Long             | EC               | RF                | US        |    524077 | NS      | $17346948.70  | 3.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Senior Loan ETF        | Invesco Senior Loan ETF                             | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |      2410 | NS      | $50176.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| iShares Core U.S. Aggregate Bo | iShares Core U.S. Aggregate Bond ETF                | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |    223984 | NS      | $22015387.36  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ Investment Gra | iShares iBoxx $ Investment Grade Corporate Bond ETF | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |    430267 | NS      | $46365571.92  | 10.47%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares 7-10 Year Treasury Bon | iShares 7-10 Year Treasury Bond ETF                 | CUSIP: 464287440<br>LEI: 549300XS1PPZG92M8L16 | Long             | EC               | RF                | US        |    402081 | NS      | $39247126.41  | 8.86%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 1-3 Year Treasury Bond | iShares 1-3 Year Treasury Bond ETF                  | CUSIP: 464287457<br>LEI: 549300W0WX9TL4G6HM56 | Long             | EC               | RF                | US        |    824932 | NS      | $67165963.44  | 15.16%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares National Muni Bond ETF | iShares National Muni Bond ETF                      | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |       294 | NS      | $31228.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MBS ETF                | iShares MBS ETF                                     | CUSIP: 464288588<br>LEI: 549300M0TH0IE2E6RP07 | Long             | EC               | RF                | US        |    281416 | NS      | $26450289.84  | 5.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Janus Henderson AAA CLO ETF    | Janus Henderson AAA CLO ETF                         | CUSIP: 47103U845<br>LEI: 549300N7UZ9PO4OVKA94 | Long             | EC               | RF                | US        |       410 | NS      | $20245.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Mortgage-Backe | Janus Henderson Mortgage-Backed Securities ETF      | CUSIP: 47103U852<br>LEI: 549300V6TVE4ZJCDWY16 | Long             | EC               | RF                | US        |    472365 | NS      | $21691614.87  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Overlay Shares Core Bond ETF   | Overlay Shares Core Bond ETF                        | CUSIP: 53656F862<br>LEI: 549300S5BIU8N2Z1G796 | Long             | EC               | RF                | US        |     92269 | NS      | $1916270.27   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio Short Term Corp | SPDR Portfolio Short Term Corporate Bond ETF        | CUSIP: 78464A474<br>LEI: 549300D2BO7L1J2SO973 | Long             | EC               | RF                | US        |   2285817 | NS      | $67317310.65  | 15.19%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio Long Term Treas | SPDR Portfolio Long Term Treasury ETF               | CUSIP: 78464A664<br>LEI: 549300GYQKAMF6JUVI06 | Long             | EC               | RF                | US        |    983210 | NS      | $29348818.50  | 6.62%             |  |  |  | No            |                  1 | On Loan: —       |
| SPDR Bloomberg 1-3 Month T-Bil | SPDR Bloomberg 1-3 Month T-Bill ETF                 | CUSIP: 78468R663<br>LEI: 549300GQCVCME1YJ6B50 | Long             | EC               | RF                | US        |    398309 | NS      | $36512986.03  | 8.24%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Fallen Angel High Yield | VanEck Fallen Angel High Yield Bond ETF             | CUSIP: 92189F437<br>LEI: 549300A6A1N73WLV0K30 | Long             | EC               | RF                | US        |       761 | NS      | $20912.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

**Name of Applicant:** Horizon Funds

**Signature:** /s/ Steve Terry

**Name of Signer:** Steve Terry

**Title:** Treasurer of the Trust