Horizon Pan European Equity Fund

A bottom-up stock-picking strategy that looks to invest in good-quality European (inc UK) companies we believe are capable of delivering consistent growth over the long term

ISIN
LU0209157733

NAV
EUR 27.42
As of 18/09/2020

1-Day Change
EUR 0.18 (0.66%)
As of 18/09/2020

Morningstar Rating


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the FTSE World Europe Index, after the deduction of charges, over any 5 year period.

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The Fund invests at least 75% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in the EEA ot the UK if not part of the EEA. Companies will have their registered office in the EEA or the UK if not part of the EEA.
The Fund may also invest in other assets including 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 FTSE World Europe 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.

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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 for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Aims to invest in European companies with robust business models, proven management teams, and solid finances
  • Portfolio focuses on selecting both quality cyclical stocks with good business models and little debt and quality growth stocks
  • Seeks companies that provide steady growth and/or good dividend yield to improve consistency of returns and potentially help reduce risk
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

Jamie Ross, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2007.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2020
A1 Inc EUR FTSE World Europe Index
 
Quarter End
As of 30/06/2020
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
6.05% 0.56% -1.28% 15.02% -12.26%
FTSE World Europe Index -4.76% 4.80% 3.43% 18.69% -10.25%
Cumulative & Annualised Performance (%)
As of 31/08/2020
A1 Inc EUR (Net) FTSE World Europe Index
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
03/01/2005
A1 Inc EUR (Net) 2.76% -0.22% 10.03% 3.97% 2.68% 7.60% 6.70%
FTSE World Europe Index 3.00% -10.83% -1.95% 2.00% 3.28% 6.96% 5.65%
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 31/12/2019)
1.87%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 31/08/2020)
% of Fund
Telecom Italia 5.75
Vivendi 5.40
Roche 4.89
Prosus 4.45
Novo Nordisk 4.11
Cellnex Telecom 3.90
Nestl 3.48
Embracer Group 3.11
Worldline 3.03
BAWAG Group 2.98

Documents

  • 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 is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • 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.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • 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 class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • 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 it trades becomes unwilling or unable to meet its obligations to the Fund.
  • 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
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