Morningstar

Horizon Multi-Factor U.S. Equity Fund Investor Class USRAX

Morningstar Medalist Rating
Medalist Rating as of | See Horizon Investments Investment Hub
  • NAV / 1-Day Return 35.81  /  +0.56 %
  • Total Assets 790.5M
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.34%
  • Turnover 134%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:54 AM GMT+0

Morningstar’s Analysis USRAX

Will USRAX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Horizon Multi-Factor U.S. Equity Inv 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 USRAX

More USRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Apple Inc

5.09 36M
Technology

NVIDIA Corp

4.93 35M
Technology

Alphabet Inc Class A

4.89 34M
Communication Services

Microsoft Corp

4.78 34M
Technology

Berkshire Hathaway Inc Class B

4.54 32M
Financial Services

Exxon Mobil Corp

3.27 23M
Energy

Meta Platforms Inc Class A

3.27 23M
Communication Services

Johnson & Johnson

2.85 20M
Healthcare

Chevron Corp

2.55 18M
Energy

Micron Technology Inc

2.03 14M
Technology

Sponsor Center