Please ensure Javascript is enabled for purposes of website accessibility Horizon Euroland Fund - Janus Henderson Investors
For financial professionals in Belgium

Horizon Euroland Fund

An actively managed strategy aiming to deliver capital growth through the identification of good quality, but undervalued, firms operating/based in the Euroland


EUR 73.08
As of 16/07/2024

1-Day Change
EUR -0.59 (-0.80%)
As of 16/07/2024



The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI EMU Net Return EUR Index, after the deduction of charges, over any 5 year period.


The Fund invests at least 75% of its assets in shares (equities) and equity-related securities of companies, of any size, in any industry, in Euroland Countries (i.e. countries having adopted the Euro as their national currency in the member state of the European Monetary Union). Companies will be incorporated in or having their principal business activities in Euroland Countries.
The Fund may also invest in other assets including companies outside of Euroland Countries, cash and money market instruments.
The Investment Manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI EMU Net Return EUR Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target and the level above which performance fees may be charged (if applicable). The Investment Manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.


The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.


  • A disciplined investment process, developed by the fund manager in 1988, that sets aside sentiment in order to benefit from market mispricing
  • Investment process combines bottom-up analysis with qualitative overview that helps the team control risk while seeking to maximise performance
  • Seeks superior companies with established track records that are priced at a level that does not reflect their intrinsic value or future prospects
Past performance does not predict future returns. 


Nick Sheridan

Portfolio Manager

Industry since 1986. Joined Firm in 2009.


Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 30/06/2024
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
A2 EUR (Net) -2.29 8.61 15.06 6.11 8.27 6.35 8.12
MSCI EMU NR -2.48 8.33 11.61 6.07 7.97 6.63 -
Calendar Year Returns (%)
As of 30/06/2024
YTD 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
A2 EUR (Net) 8.61 21.79 -15.18 27.99 -2.88 22.84 -17.26 10.07 3.58 16.60 4.76
MSCI EMU NR 8.33 18.78 -12.47 22.16 -1.02 25.47 -12.71 12.49 4.37 9.81 4.32
Calendar Year Returns (%)
Year A2 EUR (Net) Index
2023 21.79 18.78
2022 -15.18 -12.47
2021 27.99 22.16
2020 -2.88 -1.02
2019 22.84 25.47
2018 -17.26 -12.71
2017 10.07 12.49
2016 3.58 4.37
2015 16.60 9.81
2014 4.76 4.32
2013 36.02 23.36
2012 25.43 19.31
2011 -7.64 -13.40
2010 -0.04 9.65
2009 30.75 30.68
2008 -45.88 -42.26
2007 1.28 6.16
2006 17.83 22.50
2005 28.74 27.86
2004 10.86 13.28
2003 18.42 20.04
2002 -31.86 -31.53
2001 -20.81 -17.86
2000 12.64 0.65
1999 86.56 36.03
1998 26.37 24.84
1997 33.42 49.53
1996 36.48 32.13
1995 2.32 10.26
1994 -7.95 -6.82
1993 42.15 -
1992 -5.90 -
1991 -3.74 -
1990 -30.64 -
1989 37.96 -
1988 30.35 -
1987 -28.82 -
1986 16.33 -
1985 40.41 -
1984 from 02/07/1984 11.42 -
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 30/06/2023)
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI EMU Net Return EUR Index


Top Holdings (As of 30/06/2024)
% of Fund
ASM International 7.57
RELX 5.43
TotalEnergies 4.17
Prysmian 4.08
Allianz 4.03
UniCredit 3.55
Sanofi 3.02
Siemens 2.99
ING Groep 2.77
Aena SME 2.67


  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency (hedge), the hedging strategy itself may positively or negatively impact the value of the Fund due to differences in short-term interest rates between the currencies.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • In respect of the equities portfolio within the Fund, this follows a value investment style that creates a bias towards certain types of companies. This may result in the Fund significantly underperforming or outperforming the wider market.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • Information on compliance with EU Sustainability related disclosures can be found here.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.