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Morningstar

Horizon Multi-Factor U.S. Equity Advisor USRTX

Morningstar Medalist Rating
Medalist Rating as of | See Horizon Investments Investment Hub
  • NAV / 1-Day Return 29.55  /  +0.61 %
  • Total Assets 374.0 Mil
  • Adj. Expense Ratio
    1.220%
  • Expense Ratio 1.220%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.35%
  • Turnover 238%

USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 10:27 PM GMT+0

Morningstar’s Analysis USRTX

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

  • People Pillar

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

Weakness in Horizon Multi-Factor U.S. Equity 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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings USRTX

More USRTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 36.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Berkshire Hathaway Inc Class B

5.12 18.7 Mil
Financial Services

Microsoft Corp

5.03 18.3 Mil
Technology

NVIDIA Corp

5.00 18.2 Mil
Technology

Meta Platforms Inc Class A

4.85 17.7 Mil
Communication Services

JPMorgan Chase & Co

3.84 14.0 Mil
Financial Services

UnitedHealth Group Inc

3.17 11.5 Mil
Healthcare

Procter & Gamble Co

2.95 10.7 Mil
Consumer Defensive

Visa Inc Class A

2.86 10.4 Mil
Financial Services

The Home Depot Inc

2.07 7.5 Mil
Consumer Cyclical

Broadcom Inc

1.92 7.0 Mil
Technology