Horizon Equity Premium Income Fund - Advisor Class
HADUX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6210 Ardrey Kell Road Charlotte NC United States of America 28277
- IPO Date
- Jun 22, 2017
- CIK
- 0001643174
- Website
- horizonmutualfunds.com
- Similar Companies
- Business
- Horizon Equity Premium Income Fund - Advisor Class (HADUX) is an open-end mutual fund that seeks capital appreciation and current income through investments primarily in equity securities of dividend-paying U.S. large-capitalization companies and the sale of call options on broad-based securities indices, such as the S&P 500; equity securities include common and preferred stocks, convertible debt securities, American Depositary Receipts, and real estate investment trusts; the fund employs a flexible approach combining active management with quantitative models to select dividend-paying securities exhibiting high profitability, stable earnings, low price variability, low valuations, and positive price trends, while applying industry and position constraints for diversification; the options overlay systematically sells call options on a portion of the portfolio value to generate premium income, potentially reducing volatility in stable, falling, or slightly rising markets, with additional flexibility to buy or write put and call options, including spreads, straddles, collars, covered positions, cash-secured puts, and naked options. The fund, formerly known as Horizon Active Dividend Fund, was renamed Horizon Equity Premium Income Fund, reflecting a strategic shift to emphasize its covered call options strategy implemented in October 2023, with the S&P 500 Total Return Index replacing the MSCI World High Dividend Yield Index as the primary benchmark; Advisor Class shares (HADUX) launched on June 20, 2017, with a net expense ratio of 1.36% (after waivers through March 31, 2025), total net assets of approximately $145 million, and portfolio turnover of 4% as of November 30, 2023. Horizon Investments, LLC, founded in 1995 and headquartered at 6210 Ardrey Kell Road, Suite 300, Charlotte, North Carolina, serves as the investment adviser; the firm, which rebranded to Horizon in 2025, manages the fund through co-portfolio managers Scott Ladner (Chief Investment Officer), Mike Dickson (Head of Research and Quantitative Strategies, since 2018), and Zachary F. Hill (Head of Portfolio Management, since 2023); Horizon Funds operates from the same Charlotte location. Horizon Investments has pursued aggressive expansion in 2025, including the acquisition of Centre Asset Management (announced November 2024, closed early 2025) to enhance active equity capabilities, with Centre founder James Abate joining as Managing Director of Fundamental Equities; in December 2025, Horizon announced the acquisition of Anfield Capital Management to enter fixed income management and establish a bicoastal presence in California; the firm also launched a twelve-fund ETF suite and received private equity investment from Altamont Capital Partners. The fund targets U.S. investors, including financial advisors and institutions, with a minimum initial investment of $2,500 for Advisor Class shares; it operates domestically with a focus on large-cap U.S. equities but may include foreign securities via ADRs; no-load shares are available through financial intermediaries, with daily pricing and no front-end or deferred loads.