HMANX: Horizon Multi-Asset Income Fund - MutualFunds.com
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Horizon Multi-Asset Income Fund

HMANX - Snapshot

Vitals

  • YTD Return -18.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $59.2 M
  • Holdings in Top 10 84.2%

52 WEEK LOW AND HIGH

$21.52
$18.31
$27.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.03%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 89.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Oct 30, 2020
  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Theme N/A
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Compare HMANX to Popular Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$215.54

+1.71%

$1.21 T

1.02%

$2.15

10.74%

0.03%

$104.86

+1.68%

$1.21 T

-

$0.00

10.72%

0.14%

$382.95

+1.54%

$731.30 B

1.43%

$5.39

11.42%

0.03%

$385.85

+1.50%

$731.30 B

-

$0.00

11.32%

0.14%

$64.97

+1.67%

$393.08 B

2.09%

$1.34

8.00%

0.08%

HMANX - Profile

Distributions

  • YTD Total Return -18.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.50%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Horizon Multi-Asset Income Fund
  • Fund Family Name
    Horizon Investments
  • Inception Date
    Jun 26, 2019
  • Shares Outstanding
    2729411
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund seeks to achieve the fund's investment objective by allocating assets across various sectors of the global securities markets. Its investment adviser executes this strategy by primarily investing in "income-producing securities", which Horizon defines as including any of the following: dividend paying global equity securities, fixed-income securities, cash equivalents, MLPs, MBS, REITs, ADRs and emerging market securities. The fund may invest in securities of companies of any market capitalization.


HMANX - Performance

Return Ranking - Trailing

Period HMANX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.9% -21.5% 23.6% 99.79%
1 Yr -15.1% -16.1% 28.6% 99.59%
3 Yr N/A* -28.7% 10.9% N/A
5 Yr N/A* -0.6% 11.2% N/A
10 Yr N/A* -2.1% 11.2% N/A

* Annualized

Return Ranking - Calendar

Period HMANX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -46.3% 27.8% N/A
2019 N/A -41.9% 1.1% N/A
2018 N/A -100.0% 20.6% N/A
2017 N/A -17.0% 210.7% N/A
2016 N/A -28.1% 0.8% N/A

Total Return Ranking - Trailing

Period HMANX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.9% -21.5% 23.6% 99.79%
1 Yr -15.1% -16.1% 28.6% 99.59%
3 Yr N/A* -28.7% 10.9% N/A
5 Yr N/A* -0.6% 11.2% N/A
10 Yr N/A* -2.1% 11.2% N/A

* Annualized

Total Return Ranking - Calendar

Period HMANX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -46.3% 27.8% N/A
2019 N/A -41.9% 1.1% N/A
2018 N/A -100.0% 23.1% N/A
2017 N/A -9.5% 233.7% N/A
2016 N/A -28.1% 6.6% N/A

NAV & Total Return History


HMANX - Holdings

Concentration Analysis

HMANX Category Low Category High HMANX % Rank
Net Assets 59.2 M 13 K 101 B 82.90%
Number of Holdings 281 1 2926 43.70%
Net Assets in Top 10 51.6 M -2.13 B 19.2 B 69.49%
Weighting of Top 10 84.23% 9.8% 100.0% 17.47%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 19.03%
  2. iShares International Select Div ETF 13.04%
  3. Xtrackers USD High Yield Corp Bd ETF 10.87%
  4. iShares iBoxx $ Invmt Grade Corp Bd ETF 8.86%
  5. iShares JP Morgan USD Em Mkts Bd ETF 8.74%
  6. iShares 20+ Year Treasury Bond ETF 7.89%
  7. SPDR® Blmbg Barclays Convert Secs ETF 6.19%
  8. Invesco KBW High Dividend Yld Fincl ETF 4.73%
  9. iShares Global Infrastructure ETF 3.80%
  10. First American Treasury Obligs X 1.09%

Asset Allocation

Weighting Return Low Return High HMANX % Rank
Stocks
50.46% -0.83% 99.92% 73.23%
Bonds
35.84% -23.71% 99.01% 29.72%
Preferred Stocks
6.81% 0.00% 39.74% 4.53%
Convertible Bonds
5.16% 0.00% 26.48% 4.92%
Cash
1.68% -37.49% 100.00% 70.67%
Other
0.05% -1.15% 120.34% 60.83%

Stock Sector Breakdown

Weighting Return Low Return High HMANX % Rank
Financial Services
20.93% 0.00% 25.81% 4.01%
Real Estate
13.31% 0.00% 91.23% 23.25%
Utilities
13.13% 0.00% 73.92% 9.42%
Technology
10.15% 0.00% 38.51% 74.35%
Industrials
9.24% 0.13% 32.59% 65.53%
Communication Services
7.32% 0.00% 34.78% 52.91%
Healthcare
6.16% 0.00% 27.61% 77.96%
Consumer Cyclical
5.48% 0.00% 23.96% 71.34%
Consumer Defense
5.30% 0.00% 30.74% 74.95%
Basic Materials
4.50% 0.00% 36.90% 54.51%
Energy
4.48% 0.00% 37.86% 38.48%

Stock Geographic Breakdown

Weighting Return Low Return High HMANX % Rank
US
34.78% -45.71% 97.74% 34.06%
Non US
15.68% -0.02% 73.21% 85.63%

Bond Sector Breakdown

Weighting Return Low Return High HMANX % Rank
Corporate
64.36% 0.00% 98.63% 15.55%
Government
31.61% 0.00% 97.95% 40.55%
Cash & Equivalents
4.03% 1.10% 100.00% 88.19%
Derivative
0.00% 0.00% 42.60% 35.63%
Securitized
0.00% 0.00% 56.62% 67.13%
Municipal
0.00% 0.00% 4.08% 32.68%

Bond Geographic Breakdown

Weighting Return Low Return High HMANX % Rank
US
24.49% -10.74% 99.01% 25.39%
Non US
11.35% -28.46% 54.57% 35.24%

HMANX - Expenses

Operational Fees

HMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.03% 0.01% 23.75% 10.82%
Management Fee 0.75% 0.00% 1.90% 59.33%
12b-1 Fee 0.10% 0.00% 1.00% 14.74%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

HMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HMANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 0.00% 464.61% 68.10%

HMANX - Distributions

Dividend Yield Analysis

HMANX Category Low Category High HMANX % Rank
Dividend Yield 0.94% 0.00% 6.83% 1.76%

Dividend Distribution Analysis

HMANX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

HMANX Category Low Category High HMANX % Rank
Net Income Ratio 1.50% -2.28% 7.22% 62.93%

Capital Gain Distribution Analysis

HMANX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

HMANX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.93 6.47 7.92