Morningstar

Horizon Defensive Core Fund Advisor Class HESAX

Morningstar Medalist Rating
Medalist Rating as of | See Horizon Investments Investment Hub
  • NAV / 1-Day Return 44.76  /  +0.63 %
  • Total Assets 514.4M
  • Adj. Expense Ratio
    1.080%
  • Expense Ratio 1.070%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Tactical Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 0.17%
  • Turnover 216%

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:55 AM GMT+0

Morningstar’s Analysis HESAX

Will HESAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HESAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HESAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HESAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Horizon Defensive Core Advisor holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings HESAX

More HESAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 42.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Roundhill Magnificent Seven ETF

8.32 38M
—

NVIDIA Corp

7.23 33M
Technology

Apple Inc

5.81 26M
Technology

Alphabet Inc Class A

4.40 20M
Communication Services

Microsoft Corp

4.37 20M
Technology

Amazon.com Inc

3.20 14M
Consumer Cyclical

Broadcom Inc

2.88 13M
Technology

Walmart Inc

2.14 10M
Consumer Defensive

Meta Platforms Inc Class A

1.84 8M
Communication Services

Eli Lilly and Co

1.78 8M
Healthcare

Sponsor Center