USRTX: Horizon Defensive Multi-Factor Fund - MutualFunds.com

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Horizon Defensive Multi-Factor Advisor

USRTX - Snapshot

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $180 M
  • Holdings in Top 10 28.2%

52 WEEK LOW AND HIGH

$26.37
$20.83
$27.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.11%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Compare USRTX to Popular U.S. Growth Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$585.43

+0.39%

$112.58 B

-

-

5.65%

0.55%

$22.83

+0.44%

$8.27 B

3.15%

$0.71

-17.16%

0.78%

$15.23

+0.53%

$3.44 B

1.55%

$0.24

6.50%

0.27%

$22.25

+0.45%

$3.11 B

2.30%

$0.51

7.85%

0.33%

$17.25

+0.41%

$2.65 B

1.18%

$0.20

3.23%

0.22%

USRTX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Horizon Defensive Multi-Factor Fund
  • Fund Family Name
    Horizon Investments
  • Inception Date
    Jan 31, 2020
  • Shares Outstanding
    23277
  • Share Class
    Adv
  • 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 securities of U.S. companies.


USRTX - Performance

Return Ranking - Trailing

Period USRTX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -31.4% 15.1% N/A
1 Yr -1.3% -23.7% 26.9% 88.82%
3 Yr N/A* -5.4% 21.0% N/A
5 Yr N/A* 1.5% 22.6% N/A
10 Yr N/A* 3.3% 20.7% N/A

* Annualized

Return Ranking - Calendar

Period USRTX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -13.8% 32.8% N/A
2018 N/A -39.5% -7.8% N/A
2017 N/A -4.9% 26.4% N/A
2016 N/A -15.1% 16.9% N/A
2015 N/A -18.7% 4.1% N/A

Total Return Ranking - Trailing

Period USRTX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -30.1% 13.8% N/A
1 Yr -1.3% -23.7% 26.9% 88.20%
3 Yr N/A* -5.4% 21.0% N/A
5 Yr N/A* 1.5% 22.6% N/A
10 Yr N/A* 3.3% 20.7% N/A

* Annualized

Total Return Ranking - Calendar

Period USRTX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -13.8% 32.8% N/A
2018 N/A -38.4% -6.5% N/A
2017 N/A 1.3% 29.9% N/A
2016 N/A 0.1% 19.4% N/A
2015 N/A -18.7% 4.1% N/A

NAV & Total Return History


USRTX - Holdings

Concentration Analysis

USRTX Category Low Category High USRTX % Rank
Net Assets 180 M 4.36 M 113 B 70.24%
Number of Holdings 165 4 9692 12.96%
Net Assets in Top 10 42 M 5.83 M 19.8 B 83.95%
Weighting of Top 10 28.24% 11.6% 100.0% 88.24%

Top 10 Holdings

  1. Apple Inc 3.68%
  2. Facebook Inc A 3.42%
  3. Microsoft Corp 3.27%
  4. Amazon.com Inc 3.22%
  5. Alphabet Inc A 3.09%
  6. Berkshire Hathaway Inc Class B 2.65%
  7. Walmart Inc 2.53%
  8. Verizon Communications Inc 2.32%
  9. UnitedHealth Group Inc 2.05%
  10. Merck & Co Inc 1.99%

Asset Allocation

Weighting Return Low Return High USRTX % Rank
Stocks
98.40% 42.94% 99.82% 10.49%
Cash
1.60% -134.36% 26.75% 64.81%
Preferred Stocks
0.00% 0.00% 8.78% 71.60%
Other
0.00% -5.21% 15.42% 86.42%
Convertible Bonds
0.00% 0.00% 6.55% 67.28%
Bonds
0.00% 0.00% 137.10% 83.33%

Stock Sector Breakdown

Weighting Return Low Return High USRTX % Rank
Technology
21.79% 1.73% 29.01% 16.67%
Healthcare
15.13% 6.85% 19.97% 19.14%
Communication Services
12.60% 4.41% 13.42% 3.70%
Consumer Cyclical
10.27% 0.00% 23.14% 78.40%
Financial Services
10.24% 6.06% 35.20% 97.53%
Consumer Defense
9.77% 0.00% 21.72% 10.49%
Industrials
9.18% 3.73% 19.28% 80.86%
Real Estate
3.12% 0.00% 14.15% 61.73%
Basic Materials
2.88% 0.00% 5.37% 82.10%
Energy
2.51% 0.00% 20.61% 55.56%
Utilities
2.50% 0.00% 13.39% 64.20%

Stock Geographic Breakdown

Weighting Return Low Return High USRTX % Rank
US
96.80% 28.60% 99.38% 1.23%
Non US
1.60% 0.44% 44.20% 97.53%

USRTX - Expenses

Operational Fees

USRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.10% 2.61% N/A
Management Fee 0.80% 0.00% 1.00% 91.07%
12b-1 Fee 0.25% 0.00% 1.00% 33.04%
Administrative Fee N/A 0.01% 0.31% N/A

Sales Fees

USRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

USRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.11% 0.00% 368.00% 1.27%

USRTX - Distributions

Dividend Yield Analysis

USRTX Category Low Category High USRTX % Rank
Dividend Yield 0.00% 0.00% 8.61% 30.95%

Dividend Distribution Analysis

USRTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

USRTX Category Low Category High USRTX % Rank
Net Income Ratio N/A -1.82% 6.65% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

USRTX - Fund Manager Analysis

Managers

Scott Ladner


Start Date

Tenure

Tenure Rank

Jun 26, 2019

1.27

1.3%

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.

Josh Rohauer


Start Date

Tenure

Tenure Rank

Jun 26, 2019

1.27

1.3%

Josh Rohauer – Portfolio Manager (Active Risk Assist Fund, Defined Risk Fund, Multi-Asset Income Fund, Defensive Fund and ESG Fund) Josh Rohauer is part of the investment strategies team at Horizon Investments focusing on Fixed Income and Options strategies. Prior to joining Horizon Investments in 2017, Mr. Rohauer attended the University of North Carolina at Charlotte’s electrical engineering program from 2014 through 2017 and worked at Nathan Hale Capital’s residential mortgages department.. Prior to that, Mr. Rohauer worked in the Sales and Trading division of Investment banking at Wells Fargo. Over 14 years at Wells Fargo, Mr. Rohauer worked within Municipal Derivatives, Fixed Income Options and Commercial Mortgage trading. Mr. Rohauer received a BS in Business Administration with a focus in Economics and a minor in math from Alfred University.

Michael Dickson


Start Date

Tenure

Tenure Rank

Jun 26, 2019

1.27

1.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 24.93 6.87 0.25