Horizon Pan European Dividend Income Fund

ISIN
LU1314336543

NAV
EUR 9.13
As of 25/09/20

1-Day Change
EUR -0.19 (-2.04%)
As of 25/09/20


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 an income in excess of the income generated by the MSCI Europe Net Return Index with the potential for capital growth over the long term (5 years or more).

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The Fund invests at least 80% of its assets in shares (equities) and equity-related securities of companies, of any size, in any industry, in Europe (including UK). Companies will have their registered office in or do most of their business (directly or through subsidiaries) in this region.
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 MSCI Europe Net Return Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s income 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 for promotional purposes and does not qualify as an investment recommendation.

PORTFOLIO MANAGEMENT

Nick Sheridan

Portfolio Manager

Industry since 1986. Joined Firm in 2009.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/20
A2 Acc EUR MSCI Europe NR Index
 
Quarter End
As of 30/06/20
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-8.65% 0.10% 2.06% 17.40% -
MSCI Europe NR Index -5.48% 4.46% 2.85% 17.96% -
Cumulative & Annualised Performance (%)
As of 31/08/20
A2 Acc EUR (Net) MSCI Europe NR Index
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
23/11/15
A2 Acc EUR (Net) 2.55% -15.47% -6.39% -1.05% - - -0.70%
MSCI Europe NR Index 2.94% -11.50% -2.92% 1.41% - - 1.68%
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 31/12/19)
2.02%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 31/08/20)
% of Fund
Porsche Automobil 4.65
Iberdrola 4.30
Deutsche Post 3.87
Warehouses De Pauw CVA 3.75
Rio Tinto 3.43
HomeServe 3.05
Schneider Electric 2.92
BNP Paribas 2.85
GlaxoSmithKline 2.81
Legal & General Group 2.75

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 is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • 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 class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • 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 it trades becomes unwilling or unable to meet its obligations to the Fund.
  • 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
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