USRTX – Horizon Multi-Factor U.S. Equity Advisor Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund seeks to achieve its investment objective by investing primarily in the equity securities of large and mid-cap U.S. issuers, and employs defensive techniques, including strategic portfolio positioning, to achieve lower overall volatility as compared to the market generally. The fund will invest not less than 80% of the value of its net assets in the equity securities of U.S. companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
USRAX	Horizon Multi-Factor U.S. Equity Fund Investor Class	No Load	Open			Jun 26, 2019	$728.95M	1.020%	Above Average	$2,500	−$51.08M
USRTX	Horizon Multi-Factor U.S. Equity Fund Advisor Class	No Load	Open			Jan 31, 2020	$5.30M	1.170%	High	$2,500	−$3.96M

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