For qualified investors in Chile

Horizon Global High Yield Bond Fund

A fund that accesses the total return potential of high-yield bonds through a portfolio diversified by issuers, sectors, and geography.

ISIN
LU0999457616

NAV
EUR 73.40
As of 27/01/2023

1-Day Change
EUR 0.37 (0.51%)
As of 27/01/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income with the potential for capital growth over the long term.
Performance target: To outperform the ICE BofA Global High Yield Constrained Index (100% Hedged) by 1.75% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in high yield (non-investment grade, equivalent to BB+ rated or lower) corporate bonds, in any country. The Fund may invest up to 20% of its net assets in contingent convertible bonds (CoCos); and/or asset-backed and mortgage-backed securities.
The Fund may also invest in other assets including bonds of other types from any issuer (including perpetual bonds), cash and money market instruments.
The investment manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund's objective, to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the ICE BofA Global High Yield Constrained Index (100% Hedged), which is broadly representative of the bonds in which it may invest, as this forms the basis of the Fund's performance target. 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

  • Co-managed from the US and Europe, the fund benefits from a global perspective with local insight
  • Research is focused on identifying positive catalysts and improving balance sheets to help capture returns and avoid defaults or rating downgrades
  • The global approach allows access to a variety of economies and companies at different stages in the business cycle
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Tom Ross, CFA

Global Head of High Yield | Portfolio Manager

Industry since 2002. Joined Firm in 2002.

Seth Meyer, CFA

Head of Fixed Income Strategy | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Tim Winstone, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2015.

Brent Olson

Portfolio Manager

Industry since 1997. Joined Firm in 2017.

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 31/12/2022
A3q HEUR (Net) ICE BofA Global High Yield Constrained EUR Hgd
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
24/01/2014
A3q HEUR (Net) -0.13 -16.39 -16.39 -4.63 -1.12 - 1.76
ICE BofA Global High Yield Constrained EUR Hgd -0.40 -13.65 -13.65 -2.64 -0.45 - 1.81
 
  Annualised
3YR 5YR 10YR Since Inception
24/01/2014
A3q HEUR (Gross) - 0.05 - 3.00
ICE BofA Global High Yield Constrained EUR Hgd + 1.75% - 1.30 - 3.59
Calendar Year Returns (%)
As of 31/12/2022
A3q HEUR (Net) ICE BofA Global High Yield Constrained EUR Hgd
YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 PERFORMANCE INCEPTION
24/01/2014
A3q HEUR (Net) -16.39 -16.39 -0.50 4.26 14.58 -4.88 6.35 12.86 0.77 - - 2.18
ICE BofA Global High Yield Constrained EUR Hgd -13.65 -13.65 2.12 4.66 11.14 -4.67 5.86 14.42 -2.50 - - 1.60
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 0.75%
Ongoing Charge
(As of 30/06/2022)
1.17%

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.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall. High yielding (non-investment grade) bonds are more speculative and more sensitive to adverse changes in market conditions.
  • 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 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.