Horizon Asian Dividend Income Fund

Aims to capture the income and capital growth potential of companies in Asia, one of the world’s fastest-growing regions

ISIN
LU0572939261

NAV
EUR 16.37
As of 2020/10/21

1-Day Change
EUR 0.00 (0.00%)
As of 2020/10/21

Key investment risks:
• The Fund invests at least two-thirds in equities or equity-related instruments of companies in the Asia Pacific region (excluding Japan).
• Investments involve varying degree of investment risks (e.g. liquidity, market, economic, political, regulatory, taxation, financial, interest rate, hedging and currency risks). In extreme market conditions,

More

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 generate additional income, to reduce risk and to manage the Fund more efficiently.
• The Fund’s investments are concentrated in the Asia Pacific region (excluding Japan) and may subject to higher concentration risk.
• The Fund may invest in emerging markets which may involve increased risks. These investments may be less liquid and more volatile.
• In respect of distribution share classes of the Fund, the directors may at its discretion pay distributions (i) out of gross investment 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; and (ii) additionally for sub-class 4 of the Fund, out of original capital invested. 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 an income in excess of the income generated by the MSCI All Countries Asia Pacific ex Japan High Dividend Yield Index with the potential for capital growth over the long term.

More

The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in the Asia Pacific region (excluding Japan).

Less

ABOUT THIS FUND

  • Well placed to tap into the region’s strong structural growth opportunities and the shift toward a more progressive dividend culture
  • Disciplined, value-driven investment process that focuses on dividend growth and high-yielding companies
  • Aims to deliver consistent, growing income streams and long-term capital appreciation

PORTFOLIO MANAGEMENT

Mike Kerley

Portfolio Manager

Industry since 1985. Joined Firm in 2004.

Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

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
-14.47% 6.32% 5.49% 7.76% 15.08%
Cumulative Performance (%)
As of 2020/09/30
A2 EUR (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2008/03/03
A2 EUR -2.75% -2.46% 8.26% -18.01% -14.47% -4.07% 18.96% 73.80%
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)
1.91%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Taiwan Semiconductor Manufacturing 5.09
Samsung Electronics 4.96
Taiwan Cement 3.77
Macquarie Korea Infrastructure Fund 3.13
Mapletree Industrial Trust 2.91
HKT Trust & HKT 2.84
AIA Group 2.79
CITIC Securities 2.78
Spark New Zealand 2.70
Kweichow Moutai 2.68

Documents

TOP