Please ensure Javascript is enabled for purposes of website accessibility Horizon Asia-Pacific Property Income Fund - Janus Henderson Investors - Switzerland Professional Advisor (EN)
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For qualified investors in Switzerland

Horizon Asia-Pacific Property Income Fund

Actively managed fund focused on the managers’ best ideas in Asia-Pacific listed property stocks and REITs to deliver long-term capital appreciation

ISIN
LU0229495352

NAV
USD 19.93
As of 11/06/2025

1-Day Change
USD 0.06 (0.30%)
 As of 11/06/2025

Overview

INVESTMENT OBJECTIVE

Le Fonds vise à fournir un niveau de revenu durable qui génère des dividendes plus élevés que ceux générés par l'indice FTSE EPRA Nareit Developed Asia Dividend Plus Index, avec un potentiel de croissance du capital sur le long terme (cinq ans ou plus).

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Le Fonds investit au moins 75% de ses actifs dans un portefeuille concentré d'actions (titres de participation) et de titres assimilés de fonds de placement immobiliers (FPI) et de sociétés de toutes tailles, qui investissent dans l'immobilier dans la région Asie-Pacifique. Les revenus des titres découleront en majeure partie de la détention, du développement et de la gestion de biens immobiliers qui, de l'avis du Gestionnaire d'investissement, offrent des perspectives de dividendes supérieurs à la moyenne ou reflètent ces perspectives.
Le Fonds peut également investir dans d'autres actifs, y compris dans des obligations d'État de qualité «investment grade», des liquidités et des instruments du marché monétaire.
Le Gestionnaire d'Investissement peut avoir recours à des dérivés (instruments financiers complexes) pour réduire le risque ou pour gérer le Fonds plus efficacement.
Le Fonds est géré de façon active en se référant à l'indice FTSE EPRA Nareit Developed Asia Dividend Plus Index, qui est largement représentatif des titres dans lesquels celui-ci est susceptible d'investir, dans la mesure où cet indice constitue la base de l'objectif de revenu du Fonds et le niveau au-dessus duquel des commissions de performance peuvent être imputées (le cas échéant). Le gestionnaire d'investissement a le pouvoir discrétionnaire de choisir des investissements pour le Fonds ayant des pondérations différentes de celles de l'indice ou n'étant pas présents dans l'indice, mais le Fonds peut occasionnellement détenir des investissements similaires à ceux de l'indice.

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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 a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • A broad investable universe and selective approach enables the team to identify stocks with attractive dividend yield and growth characteristics
  • Managed by a specialist team in Singapore, supported by the wider global property equities teams in the UK and the US
  • Offers a liquid means of diversifying into real estate and benefitting from powerful secular themes influencing the asset class
Past performance does not predict future returns. 
 

Portfolio Management

Tim Gibson: Co-Head of Global Property Equities | Portfolio Manager
Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Xin Yan Low: Portfolio Manager
Xin Yan Low

Portfolio Manager

Industry since 2007. Joined Firm in 2014.

Performance

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 31/05/2025
I2 USD (Net) FTSE EPRA Nareit Developed Asia Dividend Plus NR Property - Indirect Asia - OE
 
  Cumulative Annualised
  1MO YTD 1YR 3YR 5YR 10YR Since Inception
03/10/2005
I2 USD (Net) 1.76 7.04 4.58 -3.52 -0.41 0.63 3.49
FTSE EPRA Nareit Developed Asia Dividend Plus NR 1.65 15.12 12.20 -1.60 1.86 0.79 3.83
Property - Indirect Asia - OE 2.05 10.36 8.84 -2.62 0.05 0.01 3.10
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
From 1 July 2020, the Fund's investment objective, reference benchmark and performance target changed. Past performance shown before 1 July 2020 was achieved under circumstances that no longer apply.
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Performance fees may be charged before the Fund’s outperformance target is reached.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Calendar year performance is available on the fund’s factsheet
Calendar Year Returns (%)
As of 31/03/2025
I2 USD (Net) FTSE EPRA Nareit Developed Asia Dividend Plus NR Property - Indirect Asia - OE
YTD 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
I2 USD (Net) 0.55 -7.42 -0.65 -14.06 1.58 -0.83 21.99 -4.31 16.48 1.80 -4.04
FTSE EPRA Nareit Developed Asia Dividend Plus NR 6.71 -9.83 -1.85 -11.60 5.03 -9.14 16.93 -0.97 15.74 6.53 -7.46
Property - Indirect Asia - OE 3.70 -8.40 -0.15 -14.77 0.39 -6.95 17.43 -3.68 19.17 3.36 -4.99
Calendar Year Returns (%)
Year I2 USD (Net) FTSE EPRA Nareit Developed Asia Dividend Plus NR Property - Indirect Asia - OE
2024 -7.42 -9.83 -8.40
2023 -0.65 -1.85 -0.15
2022 -14.06 -11.60 -14.77
2021 1.58 5.03 0.39
2020 -0.83 -9.14 -6.95
2019 21.99 16.93 17.43
2018 -4.31 -0.97 -3.68
2017 16.48 15.74 19.17
2016 1.80 6.53 3.36
2015 -4.04 -7.46 -4.99
2014 -2.48 -0.28 2.73
2013 6.53 6.50 -0.59
2012 44.04 46.80 42.11
2011 -25.96 -19.95 -18.65
2010 24.03 16.61 18.28
2009 53.22 45.33 42.41
2008 -48.63 -52.07 -48.23
2007 8.83 14.85 15.04
2006 30.84 39.15 33.34
2005 from 03/10/2005 12.50 13.74 8.40
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
From 1 July 2020, the Fund's investment objective, reference benchmark and performance target changed. Past performance shown before 1 July 2020 was achieved under circumstances that no longer apply.
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Performance fees may be charged before the Fund’s outperformance target is reached.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.

Recommended holding period 5 Years

Example Investment: USD 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs1,290 USD1,440 USD
Average return each year-87.08%-32.13%
UnfavourableWhat you might get back after costs7,170 USD7,260 USD
Average return each year-28.34%-6.19%
ModerateWhat you might get back after costs9,510 USD10,440 USD
Average return each year-4.95%0.86%
FavourableWhat you might get back after costs12,320 USD13,830 USD
Average return each year23.21%6.70%
This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years against its benchmark. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

As of 31/03/2025
I2 USD (Net) FTSE EPRA Nareit Developed Asia Dividend Plus NR Property - Indirect Asia - OE
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Past performance does not predict future returns. The value of an investment may go down as well as up and you may lose the amount originally invested. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Fee Information
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 30/06/2023) 		1.00%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate FTSE EPRA Nareit Developed Asia Dividend Plus Index
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 31/05/2025)
% of Fund
Mitsui Fudosan 8.54
Scentre Group 7.54
Stockland 6.94
Link REIT 5.59
Hongkong Land 4.80
KDX Realty Investment 4.63
Japan Real Estate Investment 4.57
Goodman Group 4.56
CapitaLand Integrated Commercial Trust 4.45
United Urban Investment 4.36
TOTAL 55.98
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

Documents

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  • 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.
  • Les actions/parts peuvent perdre rapidement de la valeur et impliquent gĂ©nĂ©ralement des niveaux de risques plus Ă©levĂ©s que les obligations ou les instruments du marchĂ© monĂ©taire. La valeur de votre placement peut par consĂ©quent chuter.
  • Un Fonds fortement exposĂ© Ă  une rĂ©gion gĂ©ographique ou Ă  un pays donnĂ© implique des risques plus importants qu’un Fonds plus largement diversifiĂ©.
  • Le Fonds est axĂ© sur des secteurs ou des thĂ©matiques d’investissement particuliers, et peut ĂŞtre fortement touchĂ© par des facteurs tels que les modifications des règlementations gouvernementales, la concurrence accrue sur les prix, les progrès technologiques et d’autres Ă©vĂ©nements dĂ©favorables.
  • Ce Fonds peut avoir un portefeuille particulièrement concentrĂ© par rapport Ă  son univers d’investissement ou Ă  d’autres fonds de son secteur. Un Ă©vĂ©nement dĂ©favorable, mĂŞme s’il n’affecte qu’un petit nombre de holdings, peut entraĂ®ner une volatilitĂ© ou des pertes importantes pour le Fonds.
  • Le Fonds investit dans des fonds de placement immobiliers (FPI) et d’autres sociĂ©tĂ©s impliquĂ©es dans le placement de biens immobiliers, qui impliquent les risques mentionnĂ©s ci-avant associĂ©s avec l’investissement direct dans les biens immobiliers. En particulier, les FPI peuvent ĂŞtre assujettis Ă  une rĂ©glementation moins stricte que le Fonds lui-mĂŞme et peuvent subir une volatilitĂ© plus importante que leurs actifs sous-jacents.
  • Le Fonds peut avoir recours Ă  des instruments dĂ©rivĂ©s dans le but de rĂ©duire le risque ou de gĂ©rer le portefeuille plus efficacement. Toutefois, cela introduit d’autres risques, et en particulier celui qu’une contrepartie Ă  un instrument dĂ©rivĂ© ne respecte pas ses obligations contractuelles.
  • Si le Fonds dĂ©tient des actifs dans des devises autres que la devise de rĂ©fĂ©rence du Fonds ou si vous investissez dans une catĂ©gorie d’actions/de parts d’une devise diffĂ©rente de celle du Fonds (sauf si elle est «couverte»), la valeur de votre investissement peut ĂŞtre soumise aux variations des taux de change.
  • Lorsque le Fonds, ou une catĂ©gorie d’actions/de parts couverte, vise Ă  attĂ©nuer les fluctuations de change d’une devise par rapport Ă  la devise de rĂ©fĂ©rence, la stratĂ©gie elle-mĂŞme peut crĂ©er un impact positif ou nĂ©gatif relativement Ă  la valeur du Fonds en raison des diffĂ©rences de taux d’intĂ©rĂŞt Ă  court terme entre les devises.
  • Les titres du Fonds peuvent devenir difficiles Ă  valoriser ou Ă  cĂ©der au prix ou au moment dĂ©sirĂ©, surtout dans des conditions de marchĂ© extrĂŞmes oĂą les prix des actifs peuvent chuter, ce qui augmente le risque de pertes sur investissements.
  • Le Fonds peut encourir un niveau supĂ©rieur de coĂ»ts de transaction consĂ©cutivement Ă  un investissement sur des marchĂ©s nĂ©gociĂ©s moins activement ou moins dĂ©veloppĂ©s par rapport Ă  un fonds qui investit sur des marchĂ©s plus actifs / plus dĂ©veloppĂ©s.
  • Tout ou partie des frais courants peuvent ĂŞtre prĂ©levĂ©s sur le capital, ce qui peut Ă©roder le capital ou rĂ©duire le potentiel de croissance du capital.
  • Outre le revenu, cette catĂ©gorie d’actions peut distribuer des plus-values rĂ©alisĂ©es et non rĂ©alisĂ©es en plus du capital initialement investi. Les frais, charges et dĂ©penses sont Ă©galement dĂ©duits du capital. Les deux facteurs peuvent se traduire par une Ă©rosion du capital et un potentiel rĂ©duit de croissance du capital. Les investisseurs sont Ă©galement informĂ©s que les distributions de cette nature peuvent ĂŞtre considĂ©rĂ©s (et imposables) en tant que revenu en fonction de la lĂ©gislation fiscale locale.
  • Le Fonds peut perdre de l’argent si une contrepartie avec laquelle le Fonds nĂ©gocie ne veut ou ne peut plus honorer ses obligations, ou en raison d’un Ă©chec ou d’un retard dans les processus opĂ©rationnels ou de la dĂ©faillance d’un fournisseur tiers.
  • 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.
  • The Legal Entity Identifier for this product is 213800WJ5V5NUGUE9S29.

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