Horizon Spin-off and Corporate Restructuring Fund Class C (LSHCX)

Net Asset Value
1 Day
Overall Morningstar Rating
Mid-cap growth
Style or Category
No Load
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to achieve long-term growth of capital. Under normal market conditions, the fund will pursue its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of spin-off companies, companies subject to other forms of corporate restructuring, and parents of any such companies. It may invest in any size company, including small- and medium-sized companies, and further may invest in companies which are financially distressed. The fund is non-diversified.


1 month-4.83% 3 years+11.71%
3 months-2.47% 5 years+17.21%
1 year+19.95% Since inception+1.07%
Data through --

Peer Comparisonvs. Mid-cap growth

Performance 5-yr return+17.21%+22.17%
Expense ratio2.86%1.36%
Risk 5 year sharpe ratio1.111.28
Net assets$76.2M$1.3B
Average market cap$7.7B$8.4B
Average P/E8.726.2
Portfolio turnover4%4%

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Fund Management and Purchase Info

Fund familyLiberty Street
Fund manager & tenureMurray Stahl / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


U.S. stock81.04%
International stock13.00%
Fixed income1.32%
Top 5 Sectors
Portfolio weighting
Financial service 44.83%
Consumer service 13.54%
Industrial materials 13.19%
Energy 11.98%
Media 4.28%
Top 10 Holdings
Portfolio weighting
HHC Howard Hughes Corp10.05%
IEP Icahn Enterprises LP9.59%
LMCA Liberty Media Corporation Class A9.25%
JAH Jarden Corporation5.02%
LUK Leucadia National Corporation4.97%
TPL Texas Pacific Land Trust4.19%
VIAB Viacom, Inc. Class B3.78%
SHLD Sears Holdings Corporation3.63%
AN AutoNation Inc3.43%
VRTS Virtus Investment Partners, Inc.3.08%

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