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Morningstar

Horizon Active Dividend Investor HNDDX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 59.95  /  0.13 %
  • Total Assets 103.2 Mil
  • Adj. Expense Ratio
    1.080%
  • Expense Ratio 1.100%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Large Value
  • Investment Style Large Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.17%
  • Turnover 222%

USD | NAV as of Jan 25, 2023 | 1-Day Return as of Jan 25, 2023, 10:43 PM GMT+00:00

Morningstar’s Analysis HNDDX

Will HNDDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HNDDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HNDDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HNDDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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An average Process Pillar and a subpar Parent Pillar help limit Horizon Active Dividend Investor to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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