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
LU0572942307

NAV
EUR 15.78
As of 2020/10/21

1-Day Change
EUR -0.03 (-0.19%)
As of 2020/10/21

Morningstar Rating

Key investment risks:
• The Fund invests at least 75% in equities or equity-related instruments of real estate companies or REITs (or their equivalents) listed or traded on a regulated market, which derive the main part of their revenue from engaging in real estate businesses in the Asia-Pacific region. .
• Investments involve varying degree of investment risks (e.g.

More

liquidity, market, economic, political, regulatory, taxation, financial, interest rate, hedging and currency risks). In extreme market conditions, you may lose your entire investment.
• Investments in financial derivatives instruments (“FDIs”) (such as futures, options, forwards and warrants) involve specific risks (e.g. counterparty, liquidity, leverage, volatility, valuation and over-the-counter transaction risk). The Fund may use FDIs to reduce risk and to manage the Fund more efficiently.
• The Fund's investments are concentrated in the Asia-Pacific region and property sector and may subject to higher concentration risk.
• In respect of distribution shares classes of the Fund, the directors may at its discretion pay distributions out of gross income and net realized/unrealized capital gains while charging all or part of the fees and expenses to the capital, resulting in an increase in distributable income for the payment of distributions and therefore, the Fund may effectively pay distributions out of capital. This amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the Fund’s net asset value per share.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the offering documents including the risk factors for further details.

Less

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.

More

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.

Less

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

Associate Portfolio Manager

Industry since 2007. Joined Firm in 2014.

Performance

Discrete Performance (%)
As of 2020/09/30
A2 EUR
 
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
-13.08% 24.23% 4.72% -6.80% 15.37%
Cumulative Performance (%)
As of 2020/09/30
A2 EUR (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2006/04/25
A2 EUR -1.13% 0.32% 7.18% -12.21% -13.08% 13.08% 21.60% 56.32%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2019/12/31)
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2019/12/31)
1.92%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Dexus 4.89
Nomura Real Estate Master Fund 4.43
Hang Lung Properties 4.40
Wharf Real Estate Investment 4.05
Sino Land 4.03
Frasers Logistics & Commercial Trust 3.90
New World Development 3.89
Fortune Real Estate Investment Trust 3.78
Kenedix Office Investment 3.55
Ascendas Real Estate Investment Trust 3.55

Documents

TOP