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Morningstar

Horizon Tactical Fixed Income Advisor HTFAX

Morningstar Medalist Rating
Medalist Rating as of | See Horizon Investments Investment Hub
  • NAV / 1-Day Return 47.68  /  +0.40 %
  • Total Assets 206.8 Mil
  • Adj. Expense Ratio
    1.490%
  • Expense Ratio 1.490%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Low/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.32%
  • Effective Duration 6.11 years

USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 10:23 PM GMT+0

Morningstar’s Analysis HTFAX

Will HTFAX outperform in 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.

Weakness in Horizon Tactical Fixed Income Advisor's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings HTFAX

More HTFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

VanEck Fallen Angel HiYld Bd ETF

24.44 51.0 Mil
—

SPDR® Blmbg Convert Secs ETF

15.14 31.6 Mil
—

Xtrackers USD High Yield Corp Bd ETF

15.00 31.3 Mil
—

iShares Preferred&Income Securities ETF

14.85 31.0 Mil
—

iShares iBoxx $ Invmt Grade Corp Bd ETF

8.39 17.5 Mil
—

iShares JP Morgan USD Em Mkts Bd ETF

7.71 16.1 Mil
—

iShares 20+ Year Treasury Bond ETF

6.07 12.7 Mil
—

SPDR Blackstone Senior Loan ETF

5.97 12.5 Mil
—

Vanguard Total International Bond ETF

2.30 4.8 Mil
—

First American Treasury Obligs X

0.07 154,256
Cash and Equivalents