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 32.81  /  −0.18 %
  • Total Assets 483.1 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 Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.41%
  • Turnover 238%

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 10:19 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.

Horizon Multi-Factor U.S. Equity Inv's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 40.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

6.49 27.9 Mil
Technology

Meta Platforms Inc Class A

5.15 22.1 Mil
Communication Services

Alphabet Inc Class A

5.10 21.9 Mil
Communication Services

Berkshire Hathaway Inc Class B

4.83 20.7 Mil
Financial Services

Microsoft Corp

4.55 19.6 Mil
Technology

Exxon Mobil Corp

3.49 15.0 Mil
Energy

Walmart Inc

3.37 14.5 Mil
Consumer Defensive

Bank of America Corp

2.51 10.8 Mil
Financial Services

Procter & Gamble Co

2.48 10.7 Mil
Consumer Defensive

Qualcomm Inc

2.06 8.9 Mil
Technology

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