Please ensure Javascript is enabled for purposes of website accessibility Horizon Japanese Smaller Companies Fund - Janus Henderson Investors
For qualified investors in Switzerland

Horizon Japanese Smaller Companies Fund

Designed to capture the undervalued growth potential of Japanese smaller companies over the long term

ISIN
LU0976556851

NAV
SGD 87.76
As of 12/12/2024

1-Day Change
SGD 0.12 (0.14%)
As of 12/12/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term. Performance target: To outperform the Russell/Nomura Small Cap Index by 2.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least two-thirds of its assets in a portfolio of shares (equities) and equity-related securities of smaller companies, in any industry, in Japan. The Fund may also invest in other assets including companies of any size, 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 Russell/Nomura Small Cap 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 a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Positioned to benefit from a recovery in Japan’s economy and improving corporate governance to generate long-term capital appreciation
  • High-conviction strategy leveraging more than 40 years’ experience in Japanese equities
  • Invests in the smallest 25% of listed Japanese companies by market capitalisation, which the team believes are set to benefit most from a domestic recovery
Past performance does not predict future returns. 
 

Portfolio Management

Yunyoung Lee, CFA

Portfolio Manager

Industry since 1992. Joined Firm in 2005.

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 30/11/2024
A2 HSGD (Net) Russell/Nomura Small Cap
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
02/08/2017
A2 HSGD (Net) -2.09 0.95 2.57 10.27 9.11 - 7.58
Russell/Nomura Small Cap 3.34 7.94 12.02 2.27 1.95 - 2.46
 
  Annualised
3YR 5YR 10YR Since Inception
02/08/2017
A2 HSGD (Gross) - 11.52 - 9.84
Russell/Nomura Small Cap + 2.50% - 4.50 - 5.03
Calendar Year Returns (%)
As of 30/09/2024
A2 HSGD (Net) Russell/Nomura Small Cap
YTD 2023 2022 2021 2020 2019 2018 Performance Inception
02/08/2017
A2 HSGD (Net) 3.99 23.07 4.79 13.65 3.03 33.17 -25.19 12.50
Russell/Nomura Small Cap 7.46 13.49 -12.23 -0.86 3.17 16.74 -16.49 11.50

Recommended holding period 5 Years

Example Investment: SGD 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 costs1,480 SGD1,410 SGD
Average return each year-85.25%-32.41%
UnfavourableWhat you might get back after costs7,110 SGD9,840 SGD
Average return each year-28.93%-0.32%
ModerateWhat you might get back after costs10,820 SGD16,150 SGD
Average return each year8.17%10.07%
FavourableWhat you might get back after costs14,030 SGD26,520 SGD
Average return each year40.27%21.54%

As of 30/09/2024
A2 HSGD (Net) Russell/Nomura Small Cap

Fee Information
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 30/06/2023)
1.89%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate Russell/Nomura Small Cap Index

Portfolio

Top Holdings (As of 31/10/2024)
% of Fund
JINS 4.92
Park24 4.41
Septeni 4.27
Fujitsu General 3.56
CyberAgent 3.30
Aiful 3.22
Daio Paper 2.93
Central Security Patrols 2.85
Harmonic Drive Systems 2.79
Nihon M&A Center 2.78

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 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.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • 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.
  • 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 2138005RBXTKTA5VXI80.