Please ensure Javascript is enabled for purposes of website accessibility Horizon Asian Dividend Income Fund - Janus Henderson Investors - Hong Kong Investor (EN)
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For investors in Hong Kong

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
LU1807432866

NAV
USD 6.97
As of 2025/05/12

1-Day Change
USD 0.14 (2.05%)
 As of 2025/05/12

Key investment risks:

  • The Fund's investments in equities are subject to equity securities risk due to fluctuation of securities values.
  • Investments in the Fund involve general investment, currency, liquidity, hedging, market, economic, political, regulatory, taxation, securities lending related, reverse repurchase transactions related, financial, interest rate and benchmark

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  • risks. In extreme market conditions, you may lose your entire investment.
  • The Fund may invest in financial derivatives instruments to generate additional income, to reduce risk and to manage the Fund more efficiently. This may involve counterparty, liquidity, leverage, volatility, valuation and over-the-counter transaction risks and the Fund may suffer significant losses.
  • The Fund may invest in emerging markets and the investments are concentrated in the Asia Pacific region (excluding Japan) which may be more volatile.
  • The directors may at its discretion pay distributions (i)out of gross investment income and net realised/ unrealised 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 Fund may charge performance fees. An investor may be subject to such fee even if there is a loss in investment capital.
  • 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.

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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 over any 5 year period with the potential for capital growth over the long term.

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The Fund invests at least two-thirds of its assets in equities or equity-related instruments of companies of any size, in any industry, in the Asia Pacific region (excluding Japan).

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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

Sat Duhra: Portfolio Manager
Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

Performance

Cumulative Performance (%)
As of 2025/04/30
A4m USD (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR Asia-Pacific ex-Japan Equity Income - OE
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2018/07/02
A4m USD (Net) 0.28 -1.20 -0.66 0.37 5.91 2.02 17.88 6.47
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR 0.85 0.74 0.47 1.52 11.20 24.07 53.32 40.69
Asia-Pacific ex-Japan Equity Income - OE 1.27 0.62 -0.97 1.70 7.63 9.86 40.04 27.46
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
Calendar Year Returns (%)
As of 2025/03/31
A4m USD (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR Asia-Pacific ex-Japan Equity Income - OE
2024 2023 2022 2021 2020 Performance Inception
A4m USD (Net) 7.30 5.96 -12.87 -1.23 -1.49 -7.51
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR 11.64 17.59 -8.92 6.64 1.35 -6.43
Asia-Pacific ex-Japan Equity Income - OE 8.03 8.02 -13.98 3.54 11.58 -7.17
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Recommended holding period 5 Years

Example Investment: USD 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs2,320 USD2,410 USD
Average return each year-76.84%-24.79%
UnfavourableWhat you might get back after costs7,270 USD7,750 USD
Average return each year-27.34%-4.98%
ModerateWhat you might get back after costs9,640 USD9,700 USD
Average return each year-3.63%-0.61%
FavourableWhat you might get back after costs12,990 USD14,010 USD
Average return each year29.94%6.98%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2023/06/30) 		1.93%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI AC Asia Pacific ex Japan High Dividend Yield Index
The ongoing charge is calculated using the Packaged Retail Investment Product (PRIIPs) methodology. The PRIIPs methodology differs to the UCITS ongoing charge methodology, as the PRIIPS methodology captures additional recurring charges, including but not limited to: a. Interest paid on borrowing (e.g. bank interest) b. Any fees incurred in relation to stock-lending activity (i.e. the fee paid to the lending agent) c. Any costs associated with holding closed-ended vehicles.
Please refer to the offering documents for more details on the fees and expenses.

Portfolio

Top Holdings (As of 2025/03/31)
% of Fund
China Construction Bank 3.72
United Overseas Bank 3.58
Oversea-Chinese Banking 3.48
Taiwan Semiconductor Manufacturing 3.40
Macquarie Korea Infrastructure Fund 2.98
Alibaba Group 2.79
First Pacific 2.78
China CITIC Bank 2.75
Tencent 2.69
MediaTek 2.57
TOTAL 30.73
Portfolio holdings are subject to change without notice. 

Documents

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