Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Horizon Investments charges fees on its funds that are in the second most-expensive quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. A sign of strength at Horizon Investments is its longest-tenured management, which boasts 11 years of average asset-weighted tenure at the firm. This wealth of experience builds confidence that the group can navigate a variety of market environments adeptly. Horizon Investments funds have demonstrated industry-standard durability, with a 53% three-year success ratio. This means that 53% of products have both survived and beaten their respective category median.
Is a New Age on the Horizon for 401(k) Participants?
As BlackRock launches its target-date series with annuities, we look back at the history of retirement-income solutions.