USRTX Performance — Horizon Multi-Factor U.S. Equity Fund, Advisor Class
Data updated: 2026-07-10
USRTX returned +9.10% year to date and +21.23% over one year to May 2026. Annualised returns are +18.16% over 3 years and +10.80% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $165, against $165 for the category, and to $121 over one year, against $122. Volatility over the past three years was 11.29% a year. In the 12 months to May 2026 the fund took in a net $70.1M, and assets reached $777.39M.
USRTX Growth of $100
What $100 invested in Horizon Multi-Factor U.S. Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | USRTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $121 | $122 |
| 3 years (Jun 2023 – May 2026) | $165 | $165 |
| 5 years (Jun 2021 – May 2026) | $167 | $164 |
| Since data start (Feb 2020 – May 2026) | $203 | $213 |
USRTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.10% |
| 1 year | +21.23% |
| 3 years (annualised) | +18.16% |
| 5 years (annualised) | +10.80% |
USRTX Annual Returns
Calendar-year total returns of Horizon Multi-Factor U.S. Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +9.10% |
| 2025 | +15.04% |
| 2024 | +17.56% |
| 2023 | +14.80% |
| 2022 | −10.84% |
| 2021 | +27.31% |
| 2020 (Feb–Dec) | +5.67% |
USRTX 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 | +2.8% | +1.2% | −4.8% | +6.0% | +4.0% | — | — | — | — | — | — | — |
| 2025 | +2.7% | +0.9% | −4.4% | −0.4% | +4.9% | +4.2% | +0.6% | +1.4% | +2.7% | +0.6% | +1.5% | −0.4% |
| 2024 | +3.1% | +5.3% | +2.9% | −5.4% | +4.6% | +1.7% | +1.2% | +3.0% | +1.0% | −1.3% | +5.5% | −4.6% |
| 2023 | +2.5% | −3.0% | +1.9% | +2.2% | −0.9% | +5.8% | +2.2% | −0.7% | −3.2% | −3.1% | +6.7% | +4.0% |
| 2022 | −5.4% | −1.7% | +4.0% | −6.8% | +1.4% | −7.3% | +6.0% | −2.7% | −7.9% | +10.7% | +4.9% | −4.5% |
| 2021 | −0.6% | +3.6% | +5.1% | +4.2% | +2.1% | −0.5% | +2.6% | +3.0% | −5.5% | +6.2% | −0.4% | +5.2% |
| 2020 | — | −8.8% | −10.5% | +5.2% | +4.8% | +0.2% | +6.0% | +5.8% | −3.7% | −2.0% | +8.4% | +2.1% |
USRTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 11.29%
- 3-year Sharpe ratio: 1.21 (vs 4.5% risk-free rate)
- Best month: +6.74% (Nov 2023)
- Worst month: −5.36% (Apr 2024)
USRTX Fund Flows
Monthly money in and out of Horizon Multi-Factor U.S. Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $70.1M
- 12-month gross sales (incl. reinvestments): $300.9M
- Sales ÷ redemptions: 1.30×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $14.9M | $20.0M | −$5.1M |
| Apr 2026 | $23.8M | $15.9M | $7.8M |
| Mar 2026 | $16.7M | $16.1M | $573K |
| Feb 2026 | $15.6M | $45.4M | −$29.8M |
| Jan 2026 | $27.8M | $24.1M | $3.7M |
| Dec 2025 | $69.1M | $14.6M | $54.5M |
| Nov 2025 | $38.3M | $35.7M | $2.6M |
| Oct 2025 | $18.8M | $15.2M | $3.5M |
| Sep 2025 | $11.9M | $9.2M | $2.7M |
| Aug 2025 | $19.4M | $12.5M | $6.9M |
| Jul 2025 | $30.4M | $15.2M | $15.1M |
| Jun 2025 | $14.4M | $6.8M | $7.6M |
USRTX Assets Under Management
Net assets of Horizon Multi-Factor U.S. Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $777.39M |
| 2026-02-28 | $736.86M |
| 2025-11-30 | $730.50M |
| 2025-08-31 | $686.82M |
| 2025-05-31 | $617.97M |
| 2025-02-28 | $602.48M |
| 2024-11-30 | $594.21M |
| 2024-08-31 | $461.59M |
| 2024-05-31 | $413.54M |
| 2024-02-29 | $334.87M |
| 2023-11-30 | $268.96M |
| 2023-08-31 | $242.98M |
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.