Horizon Active Dividend Fund
PORTFOLIO OF INVESTMENTS (Unaudited)
February 28, 2022
Shares			Value
		COMMON STOCKS - 98.0%
		Aerospace/Defense - 3.0%
	9,450	Lockheed Martin Corp.	$	4,099,410
		Apparel - 1.8%
	18,045	Ralph Lauren Corp.		2,382,662
		Auto Manufacturers - 1.7%
	131,723	Ford Motor Co.		2,313,056
		Beverages - 2.6%
	56,507	Coca-Cola Co.		3,516,996
		Biotechnology - 1.2%
	7,098	Amgen, Inc.		1,607,555
		Chemicals - 1.4%
	6,520	Linde PLC		1,911,925
		Computers - 3.0%
	8,548	Accenture PLC, Class A		2,701,339
	11,402	International Business Machines Corp.		1,396,859
				4,098,198
		Cosmetics/Personal Care - 4.8%
	31,390	Procter & Gamble Co.		4,893,387
	32,789	Unilever PLC, ADR		1,648,303
				6,541,690
		Diversified Financial Services - 4.4%
	4,926	BlackRock, Inc.		3,664,402
	16,095	T. Rowe Price Group, Inc.		2,326,693
				5,991,095
		Electric - 1.5%
	25,166	NextEra Energy, Inc.		1,969,743
		Finance and Insurance - 6.4%
	28,807	Ares Management Corp., Class A		2,335,960
	18,648	Blackstone, Inc.		2,377,061
	18,277	Royal Bank of Canada		2,018,146
	23,473	The Toronto-Dominion Bank		1,894,036
				8,625,203
		Healthcare Products - 2.0%
	22,873	Abbott Laboratories		2,758,941
		Healthcare Services - 4.3%
	12,364	UnitedHealth Group, Inc.		5,883,657
		Insurance - 3.4%
	18,863	Allstate Corp.		2,308,077
	18,531	Cincinnati Financial Corp.		2,275,421
				4,583,498
		Machinery - Construction & Mining - 1.0%
	6,813	Caterpillar, Inc.		1,277,982
		Manufacturing - 6.9%
	23,059	Autoliv, Inc.		2,029,422
	7,359	Diageo PLC, ADR		1,469,519
	53,983	Taiwan Semiconductor Manufacturing Co., Ltd., ADR		5,776,721
				9,275,662
		Mining - 3.6%
	36,393	Newmont Goldcorp Corp.		2,409,216
	34,428	Southern Copper Corp.		2,388,959
				4,798,175
		Mining, Quarrying, and Oil and Gas Extraction - 1.7%
	44,389	Agnico Eagle Mines, Ltd.		2,241,201
		Oil & Gas - 11.4%
	41,095	BP PLC		1,200,385
	101,197	Cabot Oil & Gas Corp.		2,360,926
	25,112	Chevron Corp.		3,616,128
	16,708	ConocoPhillips		1,584,921
	42,294	Devon Energy Corp.		2,518,607
	20,636	EOG Resources, Inc.		2,371,489
	33,609	Total Energies SE, ADR		1,698,263
				15,350,719
		Pharmaceuticals - 14.9%
	23,097	AbbVie, Inc.		3,413,044
	27,847	Bristol-Myers Squibb Co.		1,912,254
	12,459	Eli Lilly & Co.		3,114,127
	34,579	Johnson & Johnson		5,690,666
	32,719	Merck & Co., Inc.		2,505,621
	73,461	Pfizer, Inc.		3,448,259
				20,083,971
		Retail - 6.5%
	10,536	Advance Auto Parts, Inc.		2,154,401
	15,805	Darden Restaurants, Inc.		2,295,202
	13,721	Home Depot, Inc.		4,333,504
				8,783,107
		Semiconductors - 5.0%
	3,969	Broadcom, Inc.		2,331,549
	52,702	Intel Corp.		2,513,885
	11,825	Texas Instruments, Inc.		2,010,132
				6,855,566
		Telecommunications - 2.3%
	54,735	Cisco Systems, Inc.		3,052,571
		Transportation - 3.2%
	8,174	Union Pacific Corp.		2,010,395
	11,218	United Parcel Service, Inc., Class B		2,360,492
				4,370,887
		TOTAL COMMON STOCKS (Cost - $130,151,249)		132,373,470
		PREFERRED STOCKS - 0.1%
		Manufacturing - 0.1%
	9,473	Pitney Bowes, Inc.		199,028
		TOTAL PREFERRED STOCKS (Cost - $173,879)		199,028
		SHORT TERM INVESTMENTS - 1.5%
		Money Market Funds - 1.5%
	1,997,730	First American Treasury Obligations Fund, Class X, 0.01% (a)		1,997,730
		TOTAL SHORT TERM INVESTMENTS (Cost - $1,997,730)		1,997,730
		TOTAL INVESTMENTS - 99.6% (Cost - $132,322,858)		134,570,228
		Other Assets in Excess of Liabilities - 0.4%		577,255
		NET ASSETS - 100.0%	$	135,147,483
Percentages are stated as a percent of net assets.
ADR - American Depositary Receipt
(a) Interest rate reflects seven-day yield on February 28, 2022.