Horizon Defined Risk Advisor
HADRX
NASDAQ90.09
USD
+0.11
- -
Horizon Defined Risk Advisor
HADRX
(NASDAQ)
Recent
price
90.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.- Similar Companies
- Business
- Horizon Investments, LLC (Horizon) serves as the investment adviser to the Horizon Defined Risk Fund - Advisor Class (HADRX), a mutual fund that seeks capital appreciation and capital preservation through a combination of a broadly diversified equity portfolio and an options overlay strategy for risk mitigation. The fund's equity portfolio includes common and preferred stocks, exchange-traded funds (ETFs), convertible debt securities, American Depositary Receipts (ADRs), and real estate investment trusts (REITs), selected via a multi-disciplined approach of economic, quantitative, and fundamental analysis with a focus on large-cap U.S. securities; the options portfolio primarily employs collars consisting of written call options or call spreads and purchased put options or put spreads on indexes, ETFs, and individual equities to generate income, hedge volatility, and limit downside exposure, with increased usage during anticipated market volatility periods. HADRX shares, with a net expense ratio of 1.20%, trade alongside Investor Class (HNDRX) and Institutional Class (HIDRX) shares and are distributed through financial intermediaries targeting advisors and high-net-worth investors. Headquartered at 6210 Ardrey Kell Road in Charlotte, North Carolina, Horizon was founded in 1995 as a privately held firm and a subsidiary of Horizon Parent Holdings, LLC, managing approximately $5.4 billion in assets across goals-based strategies encompassing wealth accumulation, protection, and spending phases. The firm provides investment management, proprietary technology platforms, consulting services, customizable separately managed accounts (SMAs), and outsourced chief investment officer (CIO) solutions to financial advisors, independent broker-dealers, and institutional clients primarily in the United States. In recent developments, Horizon completed the acquisition of a majority of the assets of Centre Asset Management in April 2025, integrating its active equity expertise to bolster in-house capabilities amid challenging markets. The firm aggressively expanded its product lineup in 2025 by launching 12 new actively managed ETFs, including the final three—International Equity ETF (FRGN), Small/Mid Cap Core Equity ETF (SMOX), and International Managed Risk ETF (SFTX)—in December 2025, all listed on the New York Stock Exchange and employing frameworks like Risk Assist® for volatility management. Additionally, Horizon announced the acquisition of Anfield Capital Management in December 2025, further enhancing its alternative investment offerings.