HESGX
Horizon Defensive Core Fund
Horizon Funds

Average annual returns

Through 2025
1 year
9.48%
3 year
18.29%
5 year
11.35%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

75 months through Feb. 28, 2026
Volatility (ann.)
12.31%
Sharpe
1.43
Sortino
2.69
Max drawdown
-21.40%
Best month
11.59%
Worst month
-8.42%
Beta vs VTSAX
0.99
Correlation
0.97

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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