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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$22.67

$112 M

0.79%

$0.18

1.09%

Vitals

YTD Return

-19.5%

1 yr return

1.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$112 M

Holdings in Top 10

36.0%

52 WEEK LOW AND HIGH

$22.9
$22.67
$34.90

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 218.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Large Blend


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$22.67

$112 M

0.79%

$0.18

1.09%

USRAX - Profile

Distributions

  • YTD Total Return -19.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.50%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Horizon U.S. Defensive Equity Fund
  • Fund Family Name
    Horizon Investments
  • Inception Date
    Jun 26, 2019
  • Shares Outstanding
    4338491
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Ladner

Fund Description

The fund seeks to achieve its investment objective by investing primarily in large and mid-cap U.S. common stocks, 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.


USRAX - Performance

Return Ranking - Trailing

Period USRAX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -53.4% 32.8% 22.47%
1 Yr 1.2% -38.2% 46.9% 17.09%
3 Yr N/A* -6.0% 26.9% N/A
5 Yr N/A* -2.5% 19.2% N/A
10 Yr N/A* 2.8% 16.6% N/A

* Annualized

Return Ranking - Calendar

Period USRAX Return Category Return Low Category Return High Rank in Category (%)
2021 1.8% -87.2% 537.8% 90.57%
2020 4.9% -94.0% 2181.7% 82.63%
2019 N/A -22.7% 40.4% N/A
2018 N/A -100.0% 4.6% N/A
2017 N/A -100.0% 36.4% N/A

Total Return Ranking - Trailing

Period USRAX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -97.2% 32.8% 15.21%
1 Yr 1.2% -38.2% 67.6% 17.62%
3 Yr N/A* -7.1% 26.9% N/A
5 Yr N/A* -2.9% 19.2% N/A
10 Yr N/A* 2.8% 16.6% N/A

* Annualized

Total Return Ranking - Calendar

Period USRAX Return Category Return Low Category Return High Rank in Category (%)
2021 1.8% -87.2% 537.8% 90.57%
2020 4.9% -94.0% 2181.7% 82.63%
2019 N/A -21.6% 40.4% N/A
2018 N/A -100.0% 8.2% N/A
2017 N/A -100.0% 35.2% N/A

NAV & Total Return History


USRAX - Holdings

Concentration Analysis

USRAX Category Low Category High USRAX % Rank
Net Assets 112 M 177 K 1.21 T 79.81%
Number of Holdings 161 2 4154 39.95%
Net Assets in Top 10 48.8 M 971 270 B 75.12%
Weighting of Top 10 36.02% 1.8% 100.0% 32.61%

Top 10 Holdings

  1. Berkshire Hathaway Inc Class B 5.84%
  2. Alphabet Inc Class A 5.10%
  3. Apple Inc 5.04%
  4. Microsoft Corp 4.94%
  5. Meta Platforms Inc Class A 4.86%
  6. Amazon.com Inc 3.94%
  7. The Home Depot Inc 3.94%
  8. UnitedHealth Group Inc 3.64%
  9. Bank of America Corp 3.05%
  10. Walmart Inc 2.83%

Asset Allocation

Weighting Return Low Return High USRAX % Rank
Stocks
99.04% 0.00% 130.24% 49.77%
Cash
0.95% -102.29% 100.00% 47.45%
Preferred Stocks
0.00% 0.00% 2.23% 39.88%
Other
0.00% -13.91% 134.98% 40.35%
Convertible Bonds
0.00% 0.00% 5.54% 37.29%
Bonds
0.00% -0.04% 95.81% 37.56%

Stock Sector Breakdown

Weighting Return Low Return High USRAX % Rank
Technology
23.55% 0.00% 62.33% 57.06%
Healthcare
17.79% 0.00% 60.70% 13.91%
Financial Services
14.51% 0.00% 55.59% 35.08%
Communication Services
8.15% 0.00% 27.94% 54.37%
Consumer Cyclical
7.97% 0.00% 50.47% 81.79%
Industrials
7.57% 0.00% 38.63% 83.40%
Energy
5.88% 0.00% 41.64% 14.52%
Consumer Defense
5.49% 0.00% 49.14% 79.17%
Basic Materials
3.53% 0.00% 26.10% 26.81%
Real Estate
3.25% 0.00% 37.52% 29.77%
Utilities
2.32% 0.00% 25.44% 59.27%

Stock Geographic Breakdown

Weighting Return Low Return High USRAX % Rank
US
97.29% 0.00% 127.77% 43.20%
Non US
1.75% 0.00% 33.69% 49.70%

USRAX - Expenses

Operational Fees

USRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.01% 3.53% 23.65%
Management Fee 0.80% 0.00% 2.00% 92.10%
12b-1 Fee 0.10% 0.00% 1.00% 26.17%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

USRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

USRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

USRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 218.00% 0.00% 496.00% 98.47%

USRAX - Distributions

Dividend Yield Analysis

USRAX Category Low Category High USRAX % Rank
Dividend Yield 0.79% 0.00% 14.76% 68.51%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USRAX Category Low Category High USRAX % Rank
Net Income Ratio 0.50% -54.00% 6.06% 61.86%

Capital Gain Distribution Analysis

USRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

USRAX - Fund Manager Analysis

Managers

Scott Ladner


Start Date

Tenure

Tenure Rank

Jun 26, 2019

2.93

2.9%

Mr. Ladner serves as Chief Investment Officer and is the Chair of the Investment Committee for Horizon. In these capacities, he oversees all aspects of the Investment Management division for the firm. He also provides the Investment Management division with Macro analysis and interpretation of global derivatives, credit, foreign exchange, equity, and funding markets. His previous roles at Horizon included Head of Risk and Director of Quantitative & Alternative Strategies. Prior to Horizon, Mr. Ladner was a founder of Charlotte Global Advisors and Principal Guard, LLC. Mr. Ladner helped to launch an equity index volatility and dispersion trading unit at PEΔK6 Investments in Chicago, a proprietary listed option and volatility trading firm. Previously at First Union/Wachovia, Mr. Ladner founded and ran the equity swap and forwards portfolio while also managing equity option and volatility portfolios. He also co-founded and managed the Risk Arbitrage and Special Situations portfolio.Mr. Ladner then managed the swaption and cap/floor portion of the bank’s interest rate derivatives portfolio. Mr. Ladner received his BA in Economics and Russian Language & Literature from the University of North Carolina at Chapel Hill.

Michael Dickson


Start Date

Tenure

Tenure Rank

Jun 26, 2019

2.93

2.9%

Dr. Dickson serves as Head of Portfolio Management and in this role oversees all investment strategies managed by Horizon. He also conducts research on the development of quantitative methods and strategies that support Horizon’s investment process and new product development. His research is published in scholarly journals and he frequently speaks on these topics at industry conferences. In previous roles at Horizon, he served as Director of Structured Financial Solutions and as a portfolio manager with an emphasis on retirement income and protection strategies. Dr. Dickson specializes in the areas of empirical asset pricing, portfolio construction, and factor models. Both during and after his Ph.D. studies he taught undergraduate and graduate school coursework in finance and portfolio management at UNC Charlotte. Prior to earning his Ph.D. he worked in financial analysis support roles at Premier, Inc. and Global Compliance. Dr. Dickson received his BS in Chemistry from Winthrop University and both an MS in Economics and Ph.D. in Finance from UNC Charlotte.

Zachary Hill


Start Date

Tenure

Tenure Rank

Feb 18, 2022

0.28

0.3%

Mr. Hill is part of the Investment Management division at Horizon Investments focusing on and providing investment insight on a broad range of asset allocation decisions from a global macro and derivatives perspective. Prior to joining Horizon in 2019, Mr. Hill served as a Senior Portfolio Analyst for Cold Spring Asset Management in New York from July 2016 to January 2017 and was a director within the foreign exchange option trading group at Wells Fargo in New York from 2010 to 2016. Mr. Hill began his career at Wachovia, acquired by Wells Fargo in 2008, in Charlotte in the FX Division. Mr. Hill holds a BA in Economics and a BA in Physics from the University of Virginia. Mr. Hill is also a CFA ® Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.16 2.42