For Approved Qualified Domestic Institutional Investors in China

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
LU0229494975

NAV
USD 16.53
As of 2023/03/21

1-Day Change
USD -0.03 (-0.18%)
As of 2023/03/21

Morningstar Rating
As of 2023/02/28

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a sustainable level of income, with a dividend yield higher than that of the FTSE EPRA Nareit Developed Asia Dividend Plus Index, plus the potential for capital growth over the long term.

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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 real estate investment trusts (REITs) and companies of any size which will derive the main part of their revenue from owning, developing and managing real estate in the Asia Pacific region.

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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

PORTFOLIO MANAGEMENT

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Xin Yan Low

Portfolio Manager

Industry since 2007. Joined Firm in 2014.

Performance

Discrete Performance (%)
As of 2022/12/31
A2 USD
 
Quarter End
As of 2022/12/31
Dec-2021 - Dec-2022 Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018
A2 USD -14.85 0.70 -1.48 20.92 -5.05
Cumulative Performance (%)
As of 2023/02/28
A2 USD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2005/10/03
A2 USD -4.70 1.18 -2.77 0.76 -10.73 -10.50 -3.26 72.20
Calendar Year Returns (%)
As of 2022/12/31
A2 USD
2022 2021 2020 2019 2018
A2 USD -14.85 0.70 -1.48 20.92 -5.05
Calendar Year Returns (%)
Year A2 USD Index
2022 -14.85 -11.60
2021 0.70 5.03
2020 -1.48 -9.14
2019 20.92 16.93
2018 -5.05 -0.97
2017 15.47 15.74
2016 0.86 6.53
2015 -4.84 -7.46
2014 -3.40 -0.28
2013 5.58 6.50
2012 42.90 46.80
2011 -26.83 -19.95
2010 22.92 16.61
2009 51.63 45.33
2008 -49.14 -52.07
2007 7.81 14.85
2006 30.04 39.15
2005 from 03/10/2005 12.20 13.74
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2022/06/30)
1.90%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate FTSE EPRA Nareit Developed Asia Dividend Plus Inde

Portfolio

Top Holdings (As of 2023/02/28)
% of Fund
CK Asset 7.80
Link REIT 5.98
Mitsui Fudosan 5.43
Stockland 5.41
Mitsubishi Estate 5.31
Orix JREIT 4.74
Vicinity 4.59
Swire Properties 4.35
Japan Metropolitan Fund Invest 4.30
Capitaland Investment 4.10

Documents