Horizon U.S. Defensive Equity Fund (USRAX)
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.
Fund Info
| ISIN | US44053A7708 |
|---|---|
| CUSIP | 44053A770 |
| Issuer | Horizon Investments |
| Inception Date | Jun 26, 2019 |
| Category | Large Cap Blend Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
USRAX has a high expense ratio of 1.17%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: USRAX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Horizon U.S. Defensive Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Horizon U.S. Defensive Equity Fund had a return of 7.21% year-to-date (YTD) and 18.90% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.21% | 7.26% |
| 1 month | -4.01% | -2.63% |
| 6 months | 19.69% | 22.78% |
| 1 year | 18.90% | 22.71% |
| 5 years (annualized) | N/A | 11.87% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.08% | 5.29% | 2.91% | |||||||||
| 2023 | -3.15% | 6.78% | 4.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of USRAX is 83, placing it in the top 17% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Horizon U.S. Defensive Equity Fund(USRAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Horizon U.S. Defensive Equity Fund (USRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Horizon U.S. Defensive Equity Fund granted a 2.60% dividend yield in the last twelve months. The annual payout for that period amounted to $0.78 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.78 | $0.20 | $7.12 | $0.08 | $0.07 |
Dividend yield | 2.60% | 2.79% | 0.80% | 25.28% | 0.30% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon U.S. Defensive Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.12 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2019 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon U.S. Defensive Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Horizon U.S. Defensive Equity Fund was 23.39%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Horizon U.S. Defensive Equity Fund drawdown is 4.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.39% | Feb 18, 2020 | 25 | Mar 23, 2020 | 114 | Sep 2, 2020 | 139 |
| -19.72% | Dec 30, 2021 | 190 | Sep 30, 2022 | 301 | Dec 12, 2023 | 491 |
| -9.51% | Sep 3, 2020 | 14 | Sep 23, 2020 | 38 | Nov 16, 2020 | 52 |
| -6.15% | Sep 3, 2021 | 21 | Oct 4, 2021 | 19 | Oct 29, 2021 | 40 |
| -5.35% | Mar 22, 2024 | 20 | Apr 19, 2024 | — | — | — |
Volatility
Volatility Chart
The current Horizon U.S. Defensive Equity Fund volatility is 3.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.