Horizon Multi-Factor U.S. Equity Fund - Advisor Class (USRTX) is an actively managed fund that employs a multi-factor investment strategy focusing on U.S. equities. The fund aims to outperform the broader market by utilizing factors such as value, momentum, and quality, which are designed to capture excess returns in various market conditions.
Business Overview
The fund generates revenue primarily through management fees based on the total assets under management, which are typically a percentage of AUM. The multi-factor strategy provides a competitive edge by allowing the fund to adapt to changing market conditions and capitalize on various investment factors.
Changes in AUM driven by investor inflows or outflows
Performance relative to benchmark indices
Market volatility impacting factor performance
Regulatory changes affecting asset management fees
Risk Factors
Regulatory changes that could impact fee structures or investment strategies
Technological disruption in asset management, such as the rise of robo-advisors
Increased competition from low-cost index funds and ETFs
Market share loss to larger asset managers with more resources
Liquidity risk associated with investor redemptions during market downturns
Potential impact of rising operational costs on profitability
Macro Sensitivity
moderate - The fund's performance is linked to overall market conditions and investor sentiment, which can be influenced by GDP growth and consumer spending.
Rising interest rates can lead to increased competition for investor capital, potentially impacting AUM and management fees. However, higher rates may also attract more conservative investors seeking stable returns.
minimal - The fund does not have significant credit exposure as it primarily invests in equities.
Profile
growth - The fund appeals to growth-oriented investors seeking to outperform the market through a multi-factor strategy.
moderate - The fund's historical volatility is in line with the broader equity market, reflecting its active management approach.
Explore More
Compare equities side by side
Stocks breaking to new annual highs
S&P 500 oversold value screener
Relative strength momentum leaders
Upcoming earnings dates & reports
Filter and sort all 500 stocks
Continuous multi-factor scoring & catalyst forensics
Today's biggest gainers and losers
