Horizon ESG Defensive Core Fund
PORTFOLIO OF INVESTMENTS
August 31, 2021 (Unaudited)
Shares			Value
		COMMON STOCKS - 98.4%
		Administrative and Support and Waste Management and Remediation Services - 0.5%
	16,713	Terminix Global Holdings, Inc. (a)	$	695,762
		Aerospace/Defense - 0.9%
	39,405	Howmet Aerospace, Inc.		1,251,109
		Apparel - 2.0%
	17,765	Nike, Inc., Class B		2,926,606
		Auto Parts & Equipment - 0.7%
	6,300	Aptiv PLC (a)		958,797
		Banks - 3.9%
	55,021	Bank of America Corp. (b)		2,297,127
	5,248	Goldman Sachs Group, Inc.		2,170,100
	7,626	JPMorgan Chase & Co.		1,219,779
				5,687,006
		Beverages - 2.6%
	16,810	Molson Coors Brewing Co., Class B		798,979
	18,662	PepsiCo, Inc.		2,918,550
				3,717,529
		Biotechnology - 3.6%
	10,630	Amgen, Inc. (d)		2,397,384
	5,823	Biogen, Inc. (a)		1,973,473
	1,198	Regeneron Pharmaceuticals, Inc. (a)		806,733
				5,177,590
		Chemicals - 2.1%
	9,834	DuPont de Nemours, Inc.		727,913
	6,018	International Flavors & Fragrances, Inc.		911,727
	4,405	Linde PLC		1,385,769
				3,025,409
		Commercial Services - 1.8%
	1,495	MarketAxess Holdings, Inc.		711,500
	2,663	PayPal Holdings, Inc. (a)		768,702
	5,790	Verisk Analytics, Inc.		1,168,190
				2,648,392
		Computers - 8.2%
	78,060	Apple, Inc.		11,851,850
		Diversified Financial Services - 2.6%
	15,178	American Express Co.		2,518,941
	29,189	Invesco, Ltd.		739,066
	1,367	MasterCard, Inc. Class A		473,296
				3,731,303
		Environmental Control - 1.8%
	21,493	Republic Services, Inc.		2,667,926
		Food - 0.6%
	9,033	Campbell Soup Co.		376,947
	8,645	Kellogg Co. (b)		545,845
				922,792
		Healthcare Products - 1.2%
	12,835	Medtronic PLC		1,713,216
		Healthcare Services - 2.0%
	1,889	Anthem, Inc.		708,621
	9,530	Centene Corp. (a)		600,199
	6,092	HCA Healthcare, Inc.		1,541,154
				2,849,974
		Insurance - 2.6%
	22,132	Allstate Corp.		2,994,017
	10,571	Hartford Financial Services Group, Inc.		710,583
				3,704,600
		Internet - 9.1%
	3,322	Alphabet, Inc., Class A (a)		9,613,702
	275	Booking Holdings, Inc. (a)		632,409
	17,681	eBay, Inc.		1,356,840
	4,126	Facebook, Inc., Class A (a)		1,565,322
				13,168,273
		Lodging - 1.2%
	13,670	Hilton Worldwide Holdings, Inc. (a)		1,706,836
		Machinery - Diversified - 0.7%
	2,800	Deere & Co.		1,058,484
		Manufacturing - 5.4%
	6,543	BioMarin Pharmaceutical, Inc. (a) (b)		550,986
	6,377	Enphase Energy, Inc. (a)		1,107,876
	16,638	General Electric Co.		1,753,812
	36,418	Keurig Dr Pepper, Inc.		1,299,030
	7,492	Owens Corning		715,861
	2,146	Tesla, Inc. (a)		1,578,855
	27,989	Vertiv Holdings Co.		788,450
				7,794,870
		Media - 2.4%
	7,192	Comcast Corp., Class A		436,411
	16,760	Walt Disney Co. (a)		3,038,588
				3,474,999
		Mining - 0.4%
	11,174	Newmont Goldcorp Corp.		647,980
		Oil & Gas - 1.7%
	5,660	Chevron Corp.		547,718
	34,312	Exxon Mobil Corp.		1,870,690
				2,418,408
		Pharmaceuticals - 5.1%
	31,100	Bristol-Myers Squibb Co.		2,079,346
	12,646	Cigna Corp.		2,676,526
	1,551	DexCom, Inc. (a)(b)		821,130
	10,423	Merck & Co., Inc.		795,171
	66,893	Viatris, Inc.		978,645
				7,350,818
		Professional, Scientific, and Technical Services - 1.8%
	28,005	Adaptive Biotechnologies Corp. (a)(b)		1,017,142
	7,095	Unity Software, Inc. (a)		899,291
	4,106	VMware, Inc., Class A (a)(b)		611,260
				2,527,693
		Real Estate Investment Trusts - 3.0%
	1,720	Alexandria Real Estate Equities, Inc.		354,957
	10,587	Digital Realty Trust, Inc.		1,735,315
	31,632	Iron Mountain, Inc. (b)		1,510,428
	23,972	VICI Properties, Inc. (b)		740,975
				4,341,675
		Retail - 3.6%
	12,446	Lowe's Cos., Inc.		2,537,615
	18,231	Starbucks Corp.		2,141,960
	1,790	Target Corp.		442,094
				5,121,669
		Retail Trade - 2.6%
	52,707	Albertsons Cos, Inc., Class A		1,600,185
	3,588	Five Below, Inc. (a)		763,562
	21,184	KKR & Co, Inc.		1,361,919
				3,725,666
		Semiconductors - 4.3%
	4,473	Broadcom, Inc.		2,224,020
	32,425	Intel Corp.		1,752,896
	8,106	Micron Technology, Inc. (b)		597,412
	4,375	NVIDIA Corp.		979,344
	4,003	QUALCOMM, Inc.		587,200
				6,140,872
		Software - 13.9%
	4,126	Cadence Design Systems, Inc. (a)		674,519
	4,623	Citrix Systems, Inc.		475,568
	43,438	Microsoft Corp.		13,113,063
	1,434	MSCI, Inc.		909,988
	21,107	Oracle Corp.		1,881,267
	8,686	salesforce.com, Inc. (a)		2,304,135
	2,014	Synopsys, Inc. (a)		669,131
				20,027,671
		Telecommunications - 1.9%
	22,266	AT&T, Inc.		610,534
	28,658	Cisco Systems, Inc.		1,691,395
	8,110	Verizon Communications, Inc.		446,050
				2,747,979
		Transportation - 2.3%
	5,012	Union Pacific Corp. (b)		1,086,802
	11,412	United Parcel Service, Inc., Class B		2,232,530
				3,319,332
		Water - 1.9%
	14,790	American Water Works Co., Inc.		2,695,477
		TOTAL COMMON STOCKS (Cost - $128,874,417)		141,798,563
		SHORT TERM INVESTMENTS - 2.0%
		Money Market Funds - 2.0%
	2,834,209	First American Treasury Obligations Fund, Class X, 0.01% (c)		2,834,209
		TOTAL SHORT TERM INVESTMENTS (Cost - $2,834,209)		2,834,209
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 5.8%
	8,334,737	Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (c)		8,334,737
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost - $8,334,737)		8,334,737
		TOTAL INVESTMENTS - 106.2% (Cost - $140,043,363)		152,967,509
		Liabilities in Excess of Other Assets - (6.2)%		(8,894,594	)
		NET ASSETS - 100.0%	$	144,072,915
Percentages are stated as a percent of net assets.
(a) Non-income producing security.
(b) All or a portion of this security is out on loan as of August 31, 2021.
(c) Interest rate reflects seven-day yield on August 31, 2021.