Fund Evaluator:
Centre American Select Equity Advisor (DHAMX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Centre American Select Equity Advisor Overview
Centre American Select Equity Advisor (DHAMX) is an actively managed U.S. Equity Large Blend fund. Horizon Investments launched the fund in 2011.
The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of large capitalization U.S. companies. The 80% portion of the fund's portfolio consists of investments in U.S. companies that are members of the S&P 500 Index or possess similar minimum market capitalization and trading volume attributes. The remaining 20% of the fund's net assets, plus borrowings for investment purposes, may include small-cap and mid-cap companies, preferred stock, exchange-traded funds ("ETFs"), and preferred stock.
About Centre American Select Equity Advisor (DHAMX)
There are 1 members of the management team with an average tenure of 14.53 years: James Abate (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Centre American Select Equity Advisor has 45 securities in its portfolio. The top 10 holdings constitute 36.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Centre American Select Equity Advisor is part of the Equity global asset class and is within the U.S. Equity fund group. Centre American Select Equity Advisor has 2.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.2%. There is 2.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Centre American Select Equity Advisor has -0.4% of the portfolio in cash.
Assets Under Management
The fund has $212 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DHAMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Centre American Select Equity Advisor expense ratio is high compared to funds in the Large Blend category. Centre American Select Equity Advisor has an expense ratio of 1.13%, which is 40% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Centre American Select Equity Advisor has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, Centre American Select Equity Advisor returned 0.4%, which earned it a grade of B, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Centre American Select Equity Advisor has a trailing yield of 0.36%, which is below the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Centre American Select Equity Advisor Grades
Year to date, the fund has returned 22.7%, 13.7 percentage points better than the category, which translates into a grade of A. The fund has returned 42.0% over the past year (grade of A), 19.6% over the past three years (grade of C) and 15.1% per year over the past five years (grade of A) and 15.9% per year over the past 10 years (grade of A).
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DHAMX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DHAMX Return (NAV) | 0.4% | 14.2% | 42.0% | 19.6% | 15.1% | 15.9% |
| DHAMX Grade | B | C | A | C | A | A |
| +/- Category | 0.6% | 0.4% | 22.5% | 1.1% | 3.6% | 1.8% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| DHAMX Tax Cost Ratio | na | na | 10.7% | 4.9% | 3.9% | 3.2% |
DHAMX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DHAMX Return (NAV) | 22.7% | 19.3% | 13.9% | 14.9% | -3.3% | 27.4% | 30.8% | 16.4% | -3.7% | 25.2% | 3.3% |
| DHAMX Grade | A | A | F | F | A | C | A | F | A | A | F |
| +/- Category | 13.7% | 3.4% | -8.2% | -8.8% | 14.0% | 0.9% | 13.3% | -13.4% | 2.3% | 3.9% | -7.0% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.3% |
| Total Risk Index: | 1.09 - Above Average |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (57% Rank) |
| Beta: | 0.81 |
| R-Squared: | 63% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $482 Mil |
| Fund Total Assets: | $ 213 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 14.5 years | |||
| Average Tenure: 14.5 years | |||
| Managers (Year): Abate James (2011) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 45 |
| % in Top 10 Holdings: | 36.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.2% |
Portfolio Allocation |
|
| Domestic Stock: | 98.2% |
| Foreign Stock: | 2.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.4% |
Purchase Information
| Fund Family: | Horizon Investments |
| Phone Number: | 855-298-4236 |
| Website: | www.horizonmutualfunds.com |
| Status: | Open |
| Inception Date: | December 21, 2011 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.13% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Centre American Select Equity Advisor |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
