What's New
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 chart below shows the cumulative performance of our Best Ideas and Upside Plus strategies since inception. We show the year-by-year performance, the current year, and the year-to-date performance.
We also show the 3- and 5-year annualized return for each portfolio. 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 reflects the actual year-by-year gains, is shown under the column heading “Since Inception.”
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.
For more information, please contact Chuck Carlson at 800-711-7969 or ccarlson@horizoninvestment.com.
|
Since Inception |
2010 (YTD) |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
Annualized
Performance |
|||
3 Year |
5 Year |
|||||||||||
|
48.3% |
-1.2% |
21.1% |
-36.9% |
12.3% |
11.8% |
10.0% | 25.3% | -8.3% |
-0.4% |
||
| 50/50 Blend of Russell 1000/2000 |
41.1% |
2.4% |
28.0% |
-35.7% |
2.1% |
17.0% |
5.5% | 14.9% | -5.3% |
0.3% |
||
| S&P 500 | 28.0% |
-0.1% |
26.5% |
-37.0% |
5.5% |
15.8% |
4.9% | 10.9% | -6.8% |
-0.2% |
||
|
32.5% |
3.3% |
17.6% |
-38.1% |
10.7% |
10.4% |
7.7% | 34.7% | -9.3% |
-1.2% |
||
| Russell 2000 | 29.8% |
4.8% |
27.2% |
-33.8% |
-1.6% |
18.4% |
4.6% | 18.3% | -4.3% |
0.5% |
||
Performance for Since Inception, YTD and 3-Year and 5-Year Annualized is through 07/31/10.
Past performance is no guarantee of future results.
Horizon Investment Services, LLC, is registered with the SEC as an investment adviser. The firm manages equity, mutual fund, income, and balanced portfolios for U.S. investors. The composite performance results include all fully discretionary active and terminated non-wrap accounts for the strategy and exclude any accounts with significant client-imposed investment restrictions. Accounts are added to the composite after their first full calendar month of investment performance. Prior to 1/1/2010 composite policy requires the temporary removal of any portfolio incurring a client initiated significant cash inflow or outflow of 30% or more of portfolio assets. The temporary removal of such an account occurs at the beginning of the month in which the significant cash flow occurs and the account re-enters the composite the second full month after the cash flow. Beginning 1/1/2010, there is no significant cash flow removal policy where accounts are re-valued in instances of a 30% or more large flow. Gross composite performance returns are asset-weighted, total return figures after brokerage commissions and reinvested income, but do not reflect the payment of advisory fees and other expenses that would be incurred by the client for HIS to manage the account. Net composite performance returns are after brokerage commissions, reinvestment of income, and advisory fees. Net performance was calculated using the highest fee charged to any client employing this strategy for the periods under consideration. 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.
*As of July 31, 2010, the Best Ideas Strategy composite included 84 accounts with $30.8 million in combined assets. Composite results do not include 91 subadvisory wrap accounts with $43.3 million using the Best Ideas Strategy. In addition to large and mid-capitalization stocks, the Best Ideas Strategy contains small-capitalization stocks, which tend to be more volatile. The inception date of the composite was July 31, 2003. The comparative market index for the Best Ideas Strategy is a 50/50 blended performance of the Russell 1000 and Russell 2000 indexes, calculated by averaging the cumulative total returns of the two indexes for the periods presented. In our opinion, this blended index represents a fair approximation of the composition of the Best Ideas Strategy. 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 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.
**As of July 31, 2010, the Upside Plus Portfolio composite included 18 accounts with $6.9 million in combined assets. The Upside Plus Strategy contains many small-capitalization stocks, which tend to be more volatile than large-capitalization stocks. The inception date of the composite was November 30, 2003. The comparative market index for the Upside Plus Strategy is the total return performance of the Russell 2000 Index. 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.