Morningstar

Horizon Tactical Fixed Income Fund Advisor Class HTFAX

Morningstar Medalist Rating
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Medalist Rating as of See Horizon Investments Investment Hub
  • NAV / 1-Day Return $43.50  /  0.00
  • Fund Size $6.3M
  • Adjusted Expense Ratio 1.370%
  • Net Expense Ratio 0.970%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Multisector Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 4.61%
  • Average Effective Duration 3.65 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis HTFAX

Will HTFAX 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 HTFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HTFAX 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 HTFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Horizon Tactical Fixed Income Advisor holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings HTFAX

More HTFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street® Blackstone Senior Loan ETF

26.58 49M
—

Xtrackers USD High Yield Corp Bd ETF

21.07 39M
—

State Street® SPDR® Blmbg Cnvrt Secs ETF

15.95 29M
—

VanEck Fallen Angel HiYld Bd ETF

11.98 22M
—

iShares JP Morgan USD Em Mkts Bd ETF

8.43 16M
—

iShares iBoxx $ Invmt Grade Corp Bd ETF

6.15 11M
—

Vanguard Total International Bond ETF

3.80 7M
—

State Street® SPDR® Blmbg1-3MthT-BillETF

3.02 6M
—

iShares 20+ Year Treasury Bond ETF

2.24 4M
—

First American Government Obligs X

0.79 1M
Cash and Equivalents

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