For qualified investors in Chile

Horizon Total Return Bond Fund

A 'go-anywhere' bond fund for a changing world

ISIN
LU0756065321

NAV
USD 121.21
As of 27/01/2023

1-Day Change
USD -0.17 (-0.14%)
As of 27/01/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide income and capital growth, exceeding that of cash, over a rolling 3-year period.
Performance target: To outperform the Euro Short-Term Rate by at least 2.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests in bonds of any quality, including high yield (non-investment grade) bonds and distressed debt, of governments, companies or any other type of issuer in any country. The Fund may invest up to 30% of its assets in asset-backed and mortgage-backed securities (ABS/MBS), including up to 10% of which may be high yield (non-investment grade, equivalent to BB+ rated or lower). The Fund may invest up to 20% of its assets in China onshore bonds traded through Bond Connect.
Where investments are made in assets in currencies other than the base currency of the Fund, the Fund will seek to hedge those assets back to the base currency to remove the risk of currency exchange rate movements.
The Fund may also invest in other assets including contingent convertible bonds (CoCos), perpetual bonds, cash and money market instruments.
The Fund makes extensive use of 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 Euro Short-Term Rate, as this forms the basis of the Fund's performance target. For currency hedged Share Classes, the rate that corresponds with the relevant Share Class currency is used as the basis of the performance comparison. The investment manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.

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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 benchmark-agnostic bond fund targeting positive total returns through a risk-managed approach
  • A disciplined risk-budgeting approach to deliver returns from diversified sources while maintaining moderate volatility
  • Invests in a broad range of fixed income and derivative instruments, including government and corporate bonds, secured debt, and asset-backed securities
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Helen Anthony, CFA

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Jenna Barnard, CFA

Co-Head of Global Bonds | Portfolio Manager

Industry since 2001. Joined Firm in 2002.

John Pattullo

Co-Head of Global Bonds | Portfolio Manager

Industry since 1993. Joined Firm in 1997.

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
A2 HUSD (Net) Secured Overnight Financing Rate
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
25/04/2012
A2 HUSD (Net) -0.92 -10.88 -10.88 -1.42 0.23 1.07 1.55
Secured Overnight Financing Rate 0.35 1.68 1.68 0.69 1.17 0.75 0.71
 
  Annualised
3YR 5YR 10YR Since Inception
25/04/2012
A2 HUSD (Gross) - 1.41 2.29 2.80
Secured Overnight Financing Rate + 2.50% - 3.70 3.26 3.22
Calendar Year Returns (%)
As of 31/12/2022
A2 HUSD (Net) Secured Overnight Financing Rate
YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
A2 HUSD (Net) -10.88 -10.88 -1.05 8.63 7.82 -2.03 4.77 3.46 1.07 -0.22 0.54
Secured Overnight Financing Rate 1.68 1.68 0.04 0.38 2.06 1.74 0.94 0.37 0.13 0.08 0.10

Index Description

N/A

Calendar Year Returns (%)
Year A2 HUSD (Net) Index
2022 -10.88 1.68
2021 -1.05 0.04
2020 8.63 0.38
2019 7.82 2.06
2018 -2.03 1.74
2017 4.77 0.94
2016 3.46 0.37
2015 1.07 0.13
2014 -0.22 0.08
2013 0.54 0.10
2012 from 25/04/2012 5.96 0.10
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 0.75%
Ongoing Charge
(As of 30/06/2022)
1.23%

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.