Horizon Investments

Horizon Investments as of March 31, 2013

Portfolio Holdings for Horizon Investments

Horizon Investments holds 0 positions in its portfolio as reported in the March 2013 quarterly 13F filing

                TITLE OF              VALUE      SHARES/ SH/ PUT/ INVSTMT  OTHER     VOTING AUTHORITY
NAME OF ISSUER                 CLASS    CUSIP     (x$1000)     PRN AMT PRN CALL DSCRETN MANAGERS SOLE   SHARED   NONE

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{S}                            {C}       {C}         {C}         {C}    {C}      {C}       {C}    {C}     {C}     {C}

ARMOUR RESIDENTIAL REIT INC     COM     042315101   110.0       16883     SH      SOLE    NONE    0         0         16883
AUTOMATIC DATA PROCESSING IN    COM     053015103   440.0       6772      SH      SOLE    NONE    0         0         6772
BANK MONTREAL QUE               COM     063671101   415.0       6594      SH      SOLE    NONE    0         0         6594
BAXTER INTL INC                 COM     071813109   435.0       5995      SH      SOLE    NONE    0         0         5995
CSX CORP                        COM     126408103   220.0       8935      SH      SOLE    NONE    0         0         8935
CYS INVTS INC                   COM     12673A108   119.0       10119     SH      SOLE    NONE    0         0         10119
CALLON PETE CO DEL              COM     13123X102   40.0        10837     SH      SOLE    NONE    0         0         10837
CHEVRON CORP NEW                COM     166764100   426.0       3585      SH      SOLE    NONE    0         0         3585
EMERSON ELEC CO                 COM     291011104   410.0       7339      SH      SOLE    NONE    0         0         7339
GLAXOSMITHKLINE PLC SPONSORED   COM     37733W105   431.0       9179      SH      SOLE    NONE    0         0         9179
ISHARES TR DJ SEL DIV INX       COM     464287168   28901.0     455848    SH      SOLE    NONE    200953    0         254895
ISHARES TR CORE SP500 ETF       COM     464287200   1031.0      6555      SH      SOLE    NONE    0         0         6555
ISHARES TR CORE TOTUSBD ETF     COM     464287226   13020.0     117586    SH      SOLE    NONE    0         0         117586
ISHARES TR SP 500 VALUE         COM     464287408   426.0       5769      SH      SOLE    NONE    0         0         5769
ISHARES TR BARCLYS 1-3 YR       COM     464287457   16233.0     192174    SH      SOLE    NONE    0         0         192174
ISHARES TR RUSSELL MCP VL       COM     464287473   673.0       11803     SH      SOLE    NONE    0         0         11803
ISHARES TR RUSSELL MIDCAP       COM     464287499   1178.0      9258      SH      SOLE    NONE    0         0         9258
ISHARES TR CORE SP MCP ETF      COM     464287507   470.0       4085      SH      SOLE    NONE    0         0         4085
ISHARES TR RUSSELL1000VAL       COM     464287598   3319.0      40888     SH      SOLE    NONE    0         0         40888
ISHARES TR RUSSELL1000GRW       COM     464287614   3203.0      44872     SH      SOLE    NONE    0         0         44872
ISHARES TR DJ US REAL EST       COM     464287739   231.0       3331      SH      SOLE    NONE    0         0         3331
ISHARES TR DJ US ENERGY         COM     464287796   9797.0      217086    SH      SOLE    NONE    93459     0         123627
ISHARES TR MSCI ACJPN IDX       COM     464288182   404.0       6833      SH      SOLE    NONE    0         0         6833
ISHARES TR SP NTL AMTFREE       COM     464288414   324.0       2938      SH      SOLE    NONE    0         0         2938
NORFOLK SOUTHERN CORP           COM     655844108   214.0       2771      SH      SOLE    NONE    0         0         2771
PEPSICO INC                     COM     713448108   435.0       5501      SH      SOLE    NONE    0         0         5501
POWERSHARES ETF TRUST II SENIO  COM     73936Q769   12152.0     484147    SH      SOLE    NONE    0         0         484147
PRAXAIR INC                     COM     74005P104   409.0       3665      SH      SOLE    NONE    0         0         3665
PROSHARES TR PSHS ULTSH 20YRS   COM     74347B201   371.0       5641      SH      SOLE    NONE    0         0         5641
PROSHARES TR PSHS ULSHT SP500   COM     74347B300   206.0       4683      SH      SOLE    NONE    0         0         4683
PULSE ELECTRONICS CORP          COM     74586W106   27.0        66437     SH      SOLE    NONE    0         0         66437
SPDR SP 500 ETF TR TR UNIT      COM     78462F103   61362.0     391665    SH      SOLE    NONE    173346    0         218319
SPDR GOLD TRUST GOLD SHS        COM     78463V107   205.0       1329      SH      SOLE    NONE    0         0         1329
SPDR DOW JONES INDL AVRG ETF U  COM     78467X109   46122.0     317382    SH      SOLE    NONE    139901    0         177481
SELECT SECTOR SPDR TR SBI HEAL  COM     81369Y209   23182.0     504496    SH      SOLE    NONE    222216    0         282280
SELECT SECTOR SPDR TR SBI CONS  COM     81369Y308   209.0       5251      SH      SOLE    NONE    0         0         5251
SELECT SECTOR SPDR TR SBI INT-  COM     81369Y886   23754.0     607510    SH      SOLE    NONE    261651    0         345859
SPARTAN MTRS INC                COM     846819100   61.0        11514     SH      SOLE    NONE    0         0         11514
TAIWAN SEMICONDUCTOR MFG LTD S  COM     874039100   391.0       22740     SH      SOLE    NONE    0         0         22740
TARGET CORP                     COM     87612E106   446.0       6510      SH      SOLE    NONE    0         0         6510
VALLEY NATL BANCORP             COM     919794107   128.0       12488     SH      SOLE    NONE    0         0         12488
WALGREEN CO                     COM     931422109   478.0       10016     SH      SOLE    NONE    0         0         10016
FIRST TR EXCHANGE TRADED FD DJ  COM     33733E302   799.0       18521     SH      SHARED  01      0         0         18521
FIRST TR SP REIT INDEX FD       COM     33734G108   786.0       41129     SH      SHARED  01      0         0         41129
FIRST TR EXCHANGE TRADED FD CO  COM     33734X101   839.0       32652     SH      SHARED  01      0         0         32652
FIRST TR EXCHANGE TRADED FD CO  COM     33734X119   853.0       27894     SH      SHARED  01      0         0         27894
FIRST TR EXCHANGE TRADED FD HL  COM     33734X143   846.0       22179     SH      SHARED  01      0         0         22179
ISHARES INC MSCI THAI CAPPED    COM     464286624   372.0       4082      SH      SHARED  01      0         0         4082
ISHARES INC MSCI TURKEY FD      COM     464286715   383.0       5384      SH      SHARED  01      0         0         5384
ISHARES INC MSCI MEXICO CAP     COM     464286822   346.0       4641      SH      SHARED  01      0         0         4641
ISHARES TR BARCLYS TIPS BD      COM     464287176   1011.0      8335      SH      SHARED  01      0         0         8335
ISHARES TR IBOXX INV CPBD       COM     464287242   1656.0      13815     SH      SHARED  01      0         0         13815
ISHARES TR SP GBL FIN           COM     464287333   347.0       7155      SH      SHARED  01      0         0         7155
ISHARES TR MSCI EAFE INDEX      COM     464287465   1392.0      23602     SH      SHARED  01      0         0         23602
ISHARES TR RUSSELL1000GRW       COM     464287614   714.0       10010     SH      SHARED  01      0         0         10010
ISHARES TR DJ US INDEX FD       COM     464287846   374.0       4727      SH      SHARED  01      0         0         4727
ISHARES TR JPMORGAN USD         COM     464288281   530.0       4508      SH      SHARED  01      0         0         4508
ISHARES TR PHILL INVSTMRK       COM     46429B408   363.0       8827      SH      SHARED  01      0         0         8827
POWERSHS DB MULTI SECT M PS DB  COM     73936B408   419.0       16190     SH      SHARED  01      0         0         16190