Horizon Funds has recently filed its NPORT-P report, providing a detailed overview of its financial status and investment strategies as of August 31, 2026. This filing is significant as it outlines the company's holdings and performance metrics, particularly in the high-yield bond sector, which is critical for investors and stakeholders.

Horizon Funds, incorporated in Delaware, operates as an investment entity focused on managing exchange-traded funds (ETFs). The company is known for its Horizon Flexible Income ETF, which aims to provide investors with exposure to high-yield bonds. The recent filing, dated October 30, 2026, is part of a series of NPORT-P submissions that detail the fund's assets and liabilities.

The NPORT-P filing reveals that Horizon Funds has a total asset value of approximately $82.24 million, with net assets reported at around $81.68 million. The company’s liabilities stand at about $565,066. This financial snapshot indicates a solid asset base, which is essential for maintaining investor confidence and supporting future growth.

According to the filing, the Horizon Flexible Income ETF has invested heavily in other ETFs, including the State Street SPDR Portfolio High Yield Bond ETF and the iShares Broad USD High Yield Corporate Bond ETF. Specifically, the State Street ETF comprises nearly 69.7% of the fund's total value, while the iShares ETF accounts for approximately 29.9%. This strategic allocation reflects Horizon's focus on high-yield opportunities in the current market environment.

The report also details the fund's monthly total returns, showcasing a return of 0.38% for the first month, 0.08% for the second, and 1.11% for the third month. These figures are vital for investors assessing the fund's performance against benchmarks and competitors.

Horizon Funds operates in a competitive landscape that includes major players like State Street and iShares, both of which are well-established in the ETF market. The focus on high-yield bonds places Horizon in direct competition with these firms, particularly as investors seek yield in a low-interest-rate environment.

The filing indicates that Horizon Funds is committed to transparency and compliance, as evidenced by the signature of Chief Compliance Officer Matthew Chambers, who signed off on the report. This commitment is crucial for maintaining trust with investors and regulatory bodies.

Looking ahead, it remains to be seen how Horizon Funds will navigate the competitive landscape and respond to market changes. The filing does not specify any immediate next steps or upcoming votes related to the fund's strategy or operations.