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Welcome Advisors!
For advisors working with TD Ameritrade Institutional Separate Account Exchange, we offer two strategies designed to serve the financial needs of high net-worth and institutional clients:
- Horizon Investment Services “Upside Plus” (Small/Midcap strategy)
- Horizon Investment Services “Best Ideas” (All Cap strategy)
We update the performance of our portfolio strategies every month and publish the results here for the world to see. The table below shows the net performance of each portfolio strategy.
Annualized return, or "average annual return," describes the return gained, on average, each year of a multi-year period rather than a cumulative return. Annualized return is a hypothetical rate of return that, if achieved annually, would have produced the same cumulative return if performance had been constant over the entire period.
Cumulative return, which adds the actual year-by-year gains, is shown under the column heading “Since Inception.” Of course, past performance is not indicative of future results.
We understand that our track record doesn’t occur in a vacuum. For this reason, we display our track record alongside the relevant industry benchmarks.
We are highly sensitive to the matter of managing risk. After all, it’s your money. That’s why we offer an array of carefully crafted investment strategies to suit the time horizon and risk tolerance of different investors.
For more information, please contact Chuck Carlson at 800-711-7969 or ccarlson@horizoninvestment.com.
|
Cumulative Since Inception |
YTD |
__________ Calendar Year __________ |
Annualized
Performance |
|||||||||
| Strategy | |||||||||||||
Inception Date |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
3 Year |
5 Year |
|||
|
83.2% |
10.7% |
10.3% |
21.1% |
-36.9% |
12.3% |
11.8% |
10.0% | 25.3% | -0.2% |
1.1% |
||
| 50/50 Blend of Russell 1000/2000 |
84.2% |
10.1% |
21.4% |
28.0% |
-35.7% |
2.1% |
17.0% |
5.5% | 14.9% | 5.2% |
3.7% |
||
| S&P 500 | 60.7% |
9.1% |
15.1% |
26.5% |
-37.0% |
5.5% |
15.8% |
4.9% | 10.9% | 1.7% |
2.9% |
||
|
71.6% |
12.0% |
19.3% |
17.6% |
-38.1% |
10.7% |
10.4% |
7.7% | 34.7% | 1.0% |
0.6% |
||
| Russell 2000 | 74.0% |
10.8% |
26.8% |
27.2% |
-33.8% |
-1.6% |
18.4% |
4.6% | 18.3% | 8.0% |
3.9% |
||
N/A - Information is not statistically meaningful due to an insufficient number of portfolios in the composite for the entire year.
Performance for Since Inception, YTD and 3-Year and 5-Year Annualized is through 4/30/11.
Past performance is no guarantee of future results. See important disclosures below.
Horizon Investment Services, LLC is an independent registered investment adviser. The firm maintains a complete list of composite descriptions, which is available upon request. The firm manages equity, mutual fund, income, and balanced portfolios for U.S. investors.
The U.S. Dollar is the currency used to express performance. All Composite performance returns include the reinvestment of all income. Gross composite performance returns are asset-weighted total return figures after brokerage commissions, but do not reflect the payment of management fees. Net composite performance returns are further reduced by the highest applicable management fee, applied monthly. Actual fees may vary depending on fee schedule and portfolio size. Advisory fee schedules are available upon request or may be found in Part II of Horizon Investment Services' Form ADV. Additional information regarding the policies for calculating and reporting returns is available upon request.
The Quadrix® stock-rating system is a product wholly-owned by Horizon Publishing Company, Horizon Investment Services' sister company. Horizon Investment Services has contracted with Horizon Publishing Company to use the Quadrix stock-rating system for its stock-screening processes.
Best Ideas Composite contains fully discretionary Best Ideas accounts and, for comparison purposes, is measured against the blended 50/50 Russell 1000 and 2000 Indices, as calculated monthly by Horizon. The Best Ideas strategy is an all-equity portfolio with 35 to 45 of Horizon’s favorite stocks for 12-month performance. The portfolio typically is 40% to 60% large-cap stocks and 40% to 60% small/midcap stocks. Initial individual positions are approximately equal weighted and are typically not allowed to account for more than 5% of an investor’s portfolio. Certain sectors are overweighted or underweighted in the portfolio based on opportunities available in individual stocks, although it is unlikely that one sector will account for more than 40% of the total portfolio. While the portfolio may be 100% invested in stocks, cash and fixed income investments may be held depending on macro market conditions and the availability of attractive stock opportunities. The Russell 2000 Index is an unmanaged index that measures the performance of the smallest 2,000 companies in the Russell 3000 Index of the 3,000 largest U.S. companies in terms of market capitalization. The Russell 1000 Index is an unmanaged index that measures the performance of the largest 1,000 companies in the Russell 3000 Index of the 3,000 largest U.S. companies in terms of market capitalization.
The Best Ideas composite has been examined for the periods July 31, 2003 through December 31, 2010. The verification and performance examination reports are available upon request.
The Best Ideas composite was created July 31, 2003.
Upside Plus Composite contains fully discretionary Upside Plus accounts and, for comparison purposes, is measured against the Russell 2000 Index. The Upside Plus strategy is an all-equity portfolio consisting of Horizon’s favorite 25 to 35 small and midcap stocks that offer the best total-return potential over the next 12 months. Initial individual positions are approximately equal weighted and are typically not allowed to account for more than 5% of an investor’s portfolio. Certain sectors are overweighted or underweighted in the portfolio based on opportunities available in individual stocks, although it is unlikely that one sector will account for more than 40% of the total portfolio. While the portfolio may be 100% invested in stocks, cash and fixed income investments may be held depending on macro market conditions and the availability of attractive stock opportunities. The Russell 2000 index is an unmanaged index that measures the performance of the smallest 2,000 companies in the Russell 3000 Index of the 3,000 largest U.S. companies in terms of market capitalization.
The Upside Plus composite has been examined for the periods November 30, 2003 through December 31, 2010. The verification and performance examination reports are available upon request.
The Upside Plus composite was created November 30, 2003.
The S&P 500 Index is presented solely because it is a widely followed index. The S&P 500 Index is an unmanaged index that measures the performance of 500 large company stocks weighted by market capitalization.
Horizon Investment Services, LLC claims compliance with the Global Investment Performance Standards (GIPS®).
To receive a complete list and description of Horizon Investment Services' composites and/or a presentation that adheres to the GIPS standards, contact Tom Hathoot at 1-219-852-3215, or write Horizon Investment Services, 7412 Calumet Ave., Hammond, IN 46324, or thathoot@horizoninvestment.com.