Horizon Spin-off & Corporate Restructuring Fund (LSHAX, LSHCX, LSHUX)

PERFORMANCE

As of 03/31/2017QuarterYTD (Quarterly)One YearThree YearsFive YearsAnnualized ITD
A Shares1.04%1.04%15.80%-1.93%7.95%0.58%
A Shares w/Load-4.81%-4.81%9.14%-3.50%6.90%0.08%
C Shares0.87%0.87%14.98%-2.64%7.22%-0.08%
S&P 5006.07%6.07%17.17%10.37%13.30%6.94%

Performance data quoted represents past performance and is no guarantee of future results. Total return figures include the reinvestment of dividends and capital gains. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the most recent month end performance, please call (800) 207-7108. Returns showing less than one year are cumulative. *Inception LSHAX 5/4/2007; Inception LSHCX 5/24/2007; Inception LSHUX 7/11/2007. S&P 500 ITD uses 5/4/07 inception date. ITD(a) represents annualized inception-to-date data. The gross operating expenses for the Class A, C, and Institutional Shares are 1.83%, 2.58%, and 1.58%, respectively. The net operating expenses after fee waiver and/or expense reimbursements are 1.59%, 2.34% and 1.34% for the Class A, C, and Institutional Shares respectively. The contractual agreement between the Fund and the Advisor for fee waiver an/or expense reimbursement is in effect until August 31, 2017. Without contractual agreement, performance would have been lower. Performance results with load reflect the deduction for Class A Shares of the 5.75% maximum front end sales charge. Class C Shares are subject to a contingent deferred sales charge of 1.00% when redeemed within 12 months of purchase. Performance presented without the load would be lower if this charge was reflected. Because of ongoing market volatility, Fund performance may be subject to substantial short term changes.

 The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. One cannot invest directly in an index.

FUND ASSETS

As of 3/31/2017Net Assets
Horizon Spin-off & Corp Restructuring Fund$22,764,901