Horizon Investments Active Asset Allocation Fund (AAANX) Reaches $100 Million

Online, July 31, 2013 (Newswire.com) - Charlotte-based Horizon Investments[url:http://www.horizoninvestments.com][/url] announced today that its flagship Horizon Active Asset Allocation (AAANX) global tactical mutual fund of ETFs exceeded $100 million in assets. Launched in January of 2012, the fund provides investors with global ETF exposure, managed tactically to seek opportunities in world markets while attempting to avoid uncertainty and risk.

Ron Saba, Senior Managing Director and Head of Investments at Horizon commented, "Combining Horizon's global, multi-disciplined investment research process with low-cost ETF vehicles allows us to express our best investment thinking in a nimble, cost effective investment solution."

"We have found AAANX to be an excellent implementation tool for our distribution partners." said Eddie Rollins, Senior Managing Director and Head of Sales & Distribution. "It has been utilized in both diversified managed money strategies as well as by advisors in rep-as-advisor and rep-as-portfolio manager settings as a way to include tactical allocation exposure within the portfolios they manage."

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DISCLOSURE:

Mutual funds involve risk including the possible loss of principal. There is no guarantee the Fund will meet its objective.

Investors should carefully consider the investment, objectives, risks, charges and expenses of the Horizon Active Asset Allocation Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 866-371-2399. The prospectus should be read carefully before investing. The Horizon Active Asset Allocation Fund is distributed by Northern Lights Distributors, LLC. Horizon Investments, LLC is not affiliated with Northern Lights Distributors, LLC.

The material contained in this document is for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any security or interest in the mutual fund.

Investing in commodity-linked ETFs may subject the Fund to greater volatility than investments in traditional securities. Commodity prices may be influenced by unfavorable weather, animal and plant disease, geologic and environmental factors as well as changes in government regulation.

When ETFs invest in bonds, the value of your investment in the Fund will fluctuate with changes in interest rates. Longer-term bonds are generally more sensitive to interest rate changes than short-term bonds and therefore may carry more risk. Issuers of fixed-income securities may default on interest and principal payments. Generally, securities with lower debt ratings ("junk bonds") have greater credit risk.
You will indirectly pay fees and expenses charged by the ETFs in addition to the Fund's direct fees and expenses. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in ETF shares and may be higher than other mutual funds that invest directly in stocks and bonds. Each ETF is subject to specific risks, depending on the nature of the fund. These risks could include sector risk (increased risk from a focus on one or more sectors of the market), as well as risks associated with fixed income securities, foreign currencies and commodities.

Foreign currency-linked ETFs risks include market risk, credit risk and country risk. Market risk results from adverse changes in exchange rates in the currencies in which the ETF is long or short. Credit risk results because currency-trade counterparties may default. Country arises because a government may interfere with transactions in its currency.

Foreign securities may be riskier than U.S. investments because of factors such as unstable international political and economic conditions, currency fluctuations, foreign controls on investment and currency exchange, withholding taxes, a lack of adequate company information, less liquid and more volatile markets, and a lack of governmental regulation. Foreign companies generally are not subject to accounting, auditing, and financial reporting standards comparable to those applicable to U.S. companies. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Sovereign issuers may lack sufficient revenue to repay debts or may repudiate debts despite an ability to repay.

In addition to the risks generally associated with investing in securities of foreign companies, countries with emerging markets also may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

The Fund engages in hedging or investment activities by investing in inverse ETFs. Inverse ETFs may employ leverage, which magnifies the changes in the underlying index upon which they are based. Any strategy that includes inverse securities could cause the Fund to suffer significant losses.
Certain ETFs employ leverage which may cause the Fund's return to be more volatile than if the Fund had not been leveraged through ETFs. Leveraging tends to exaggerate the effect of any increase or decrease in the value of an ETF's portfolio securities or instruments.

Real estate values rise and fall in response to a variety of factors, including local, regional and national economic conditions, interest rates and tax considerations. REIT performance depends on the types and locations of the rental properties it owns and on how well it manages those properties.