HSMBX Performance — Horizon Multi-Factor Small/Mid Cap Fund, Advisor Class
Data updated: 2026-07-10
HSMBX returned +12.83% year to date and +23.13% over one year to May 2026. The annualised 3-year return is +21.57%. Against its US Small Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $180, against $160 for the category, and to $123 over one year, against $132. Volatility over the past three years was 16.07% a year. In the 12 months to May 2026 the fund took in a net $171.0M, and assets reached $748.94M.
HSMBX Growth of $100
What $100 invested in Horizon Multi-Factor Small/Mid Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | HSMBX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $123 | $132 |
| 3 years (Jun 2023 – May 2026) | $180 | $160 |
| Since data start (Mar 2023 – May 2026) | $169 | $148 |
HSMBX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.83% |
| 1 year | +23.13% |
| 3 years (annualised) | +21.57% |
HSMBX Annual Returns
Calendar-year total returns of Horizon Multi-Factor Small/Mid Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +12.83% |
| 2025 | +7.67% |
| 2024 | +21.45% |
| 2023 (Mar–Dec) | +14.77% |
HSMBX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8% | +4.8% | −3.2% | +6.5% | −0.3% | — | — | — | — | — | — | — |
| 2025 | +4.2% | −3.5% | −5.4% | −1.2% | +5.0% | +2.4% | +0.3% | +4.5% | +1.3% | −2.0% | +2.8% | −0.3% |
| 2024 | −0.1% | +6.9% | +5.3% | −5.0% | +5.7% | −2.2% | +7.3% | +1.4% | +0.8% | −0.2% | +8.7% | −7.6% |
| 2023 | — | — | −3.7% | −1.1% | −1.1% | +10.1% | +4.6% | −2.0% | −4.0% | −4.5% | +8.2% | +8.8% |
HSMBX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.07%
- 3-year Sharpe ratio: 1.06 (vs 4.5% risk-free rate)
- Best month: +10.07% (Jun 2023)
- Worst month: −7.63% (Dec 2024)
HSMBX Fund Flows
Monthly money in and out of Horizon Multi-Factor Small/Mid Cap Fund, from SEC Form N-PORT.
- 12-month net flow: $171.0M
- 12-month gross sales (incl. reinvestments): $297.3M
- Sales ÷ redemptions: 2.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $33.3M | $8.7M | $24.6M |
| Apr 2026 | $31.6M | $16.8M | $14.8M |
| Mar 2026 | $19.2M | $12.2M | $7.0M |
| Feb 2026 | $21.2M | $13.2M | $8.0M |
| Jan 2026 | $24.6M | $13.6M | $11.0M |
| Dec 2025 | $16.1M | $6.7M | $9.4M |
| Nov 2025 | $30.9M | $13.0M | $17.9M |
| Oct 2025 | $19.9M | $9.0M | $10.9M |
| Sep 2025 | $13.8M | $10.0M | $3.7M |
| Aug 2025 | $22.7M | $13.9M | $8.8M |
| Jul 2025 | $43.6M | $5.6M | $38.0M |
| Jun 2025 | $20.5M | $3.8M | $16.7M |
HSMBX Assets Under Management
Net assets of Horizon Multi-Factor Small/Mid Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $748.94M |
| 2026-02-28 | $682.69M |
| 2025-11-30 | $598.83M |
| 2025-08-31 | $553.88M |
| 2025-05-31 | $454.09M |
| 2025-02-28 | $376.85M |
| 2024-11-30 | $250.57M |
| 2024-08-31 | $75.69M |
| 2024-05-31 | $61.46M |
| 2024-02-29 | $21.47M |
| 2023-11-30 | $12.89M |
| 2023-08-31 | $6.58M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.