For qualified investors in Switzerland

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 28.15
As of 16/05/2022

1-Day Change
EUR 0.15 (0.54%)
As of 16/05/2022


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 or the UK. Companies will have their registered office in the EEA or the UK.
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 a Marketing Communication 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 does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Jamie Ross, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2007.

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 30/04/2022
A1 EUR (Net) FTSE World Europe GR
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
03/01/2005
A1 EUR (Net) -2.67 -13.47 -10.38 4.54 2.79 7.07 6.40
FTSE World Europe GR -0.57 -5.94 6.49 7.62 6.15 8.94 6.67
Calendar Year Returns (%)
As of 31/12/2021
A1 EUR (Net) FTSE World Europe GR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
A1 EUR (Net) -11.09 12.59 8.52 27.43 -15.70 7.86 -3.83 15.33 6.46 25.28 19.50
FTSE World Europe GR -5.40 25.40 -2.32 26.89 -10.39 11.38 3.16 8.84 7.53 19.99 18.77
Calendar Year Returns (%)
Year A1 EUR (Net) Index
2021 12.59 25.40
2020 8.52 -2.32
2019 27.43 26.89
2018 -15.70 -10.39
2017 7.86 11.38
2016 -3.83 3.16
2015 15.33 8.84
2014 6.46 7.53
2013 25.28 19.99
2012 19.50 18.77
2011 -7.65 -8.50
2010 13.35 11.70
2009 24.83 33.15
2008 -32.54 -43.23
2007 2.74 3.61
2006 17.46 20.69
2005 from 2005-01-03 27.05 26.06
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 31/12/2021)
1.86%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 30/04/2022)
% of Fund
Roche 6.34
Nestlé 5.13
Novo Nordisk 5.02
TotalEnergies 4.81
BAWAG Group 3.39
Cellnex Telecom 3.26
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 3.23
Koninklijke KPN 3.17
Sanofi 3.13
Anglo American 3.08

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.
  • 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/unit class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to 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.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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
  • Henderson Management SA may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • Information on compliance with EU sustainable 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 KIID before making any final investment decisions.