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Morningstar

Horizon Multi-Factor U.S. Equity Inv USRAX

Morningstar Medalist Rating
Medalist Rating as of | See Horizon Investments Investment Hub
  • NAV / 1-Day Return 30.03  /  −0.07 %
  • Total Assets 370.5 Mil
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.090%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Large Blend
  • Investment Style Large Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.43%
  • Turnover 238%

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:23 PM GMT+0

Morningstar’s Analysis USRAX

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

  • People Pillar

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

Weakness in Horizon Multi-Factor U.S. Equity Inv's People and Process 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
Rated on Published on

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Portfolio Holdings USRAX

More USRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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Communication Services

Alphabet Inc Class A

4.96 14.1 Mil
Communication Services

Microsoft Corp

4.88 13.8 Mil
Technology

Berkshire Hathaway Inc Class B

4.76 13.5 Mil
Financial Services

UnitedHealth Group Inc

4.30 12.2 Mil
Healthcare

Visa Inc Class A

3.72 10.6 Mil
Financial Services

Walmart Inc

3.64 10.3 Mil
Consumer Defensive

NVIDIA Corp

3.58 10.2 Mil
Technology

Eli Lilly and Co

2.99 8.5 Mil
Healthcare

Broadcom Inc

2.99 8.5 Mil
Technology