Summary
Horizon Funds - Horizon Dividend Income ETF is an ETF - a fund traded on an exchange like a stock - run by Horizon Funds. Positions inside: 102. The ten largest make up 37% of the fund.
- Yearly costs
- 0.70%
- Fund size
- $346.3M
- Positions
- 102
- Dividend yield
- 0.36%
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- 97% of the fund is in one country (United States).
- Costs of 0.70% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +3.7%
- 3 months
- +5.4%
- This year
- +18%
- 1 year
- +20%
- Avg. market cap
- $210.8B
- P/E
- 20.5x
- Forward P/E
- 15.9x
- P/S
- 2.7x
- P/B
- 4.1x
- P/FCF
- 16.1x
- EV/EBITDA
- 13.2x
- Dividend yield
- 2.73%
- ROIC
- 14.9%
- ROE
- 29.6%
- Gross margin
- 50.8%
- Operating margin
- 24.9%
- Net margin
- 17.1%
- Payout ratio
- 55.8%
- Net debt/EBITDA
- 3.0x
- Beta
- 0.13
Weighted average of the 50 largest companies, which make up 79% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 CVChevron CVX 5.4%
- 2 PMPhilip Morris PM 5.3%
- 3 PGProcter & Gamble PG 4.9%
- 4 ABAbbVie ABBV 4.6%
- 5 MCMcDonald's MCD 3.2%
- 6 QCQualcomm QCOM 3.1%
- 7 COConocoPhillips COP 3.0%
- 8 Amgen Inc 2.8%
- 9 GIGilead Sciences GILD 2.6%
- 10 MOAltria MO 2.5%
Positions in the fund: 102. The ten largest make up 37% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Consumer defensive 19%
- Energy 17%
- Healthcare 16%
- Financials 12%
- Technology 12%
- Other 25%
By country
- United States 97%
- Ireland 1.5%
- Switzerland 0.9%
- Netherlands 0.5%
- Other countries 0.1%
By company size
- Mega cap 29%
- Large cap 71%
- Mid cap 0.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 90% of the fund.
Largest sector: Consumer defensive (19%). Largest country: United States (97%). Largest size group: Large cap (71%).
What does it cost me?
Expensive- A year from $10,000
- $70.00
- Over 20 years
- $3,322
From every $10,000 invested the fund takes $70.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,322.
How has it done?
Growing over the long run- Over the last year
- +20%
- Deepest drop
- -5.5%
- Yearly volatility
- 10%
Growth over the last year: 20%. Deepest drop in these years: 5.5% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.36%
- Last payment
- $0.11
Over the last 12 months it paid $0.11 per share, which is 0.36% of today's price. The last payment was $0.11 on Sep 25, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $2.40M
- Shares a day
- 77K
On an average day about $2.40M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 20.5
- Average Bulios Score
- 66 out of 100
Weight by Bulios Fair Price
- Undervalued 16%
- Fairly valued 23%
- Overvalued 61%
On average the companies inside trade for 20.5 times their yearly profit. By Fair Price, 61% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 79% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
DU DURA VanEck Durable High Dividend ETF | United States | 0.30% | $38.6M | +18% | Pays out | 41% |
XH XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | Canada | 0.33% | $182.7M | +14% | Pays out | 39% |
XH XHU.TO iShares U.S. High Dividend Equity Index ETF | Canada | 0.33% | $143.8M | +16% | Pays out | 39% |
HD HDV iShares Core High Dividend ETF | United States | 0.08% | $15.6B | +23% | Pays out | 39% |
DD DDDD YieldMax U.S. Stocks Target Double Distribution ETF | United States | 1.01% | $2.49M | - | Pays out | 39% |
SC SCHD Schwab U.S. Dividend Equity ETF | United States | 0.06% | $98.3B | +28% | Pays out | 38% |
