About us
- - - About Janus Henderson Investors
  - - Our people
  - - Environmental, Social and Governance (ESG)
  - - Diversity, Equity and Inclusion
- - - We provide access to some of the industry’s most talented and innovative thinkers.
      Meet our teams
  - - Find out how environmental, social and governance (ESG) considerations are embedded within our organization and investment principles.
      Learn more
  - - See how diversity, equity & inclusion are valued and supported at Janus Henderson.
      
      Learn more
- - - Environmental, social and governance (ESG)
Products
- - - Filter by asset class
    - Equities
    - Fixed income
    - Multi-Asset
    - View all products
Insights
- - - Explore insights
- - - View all insights
  - - Market GPS
      
      2023 Investment Outlook:
      Finding the silver lining
      
      Explore
- - - Market GPS
      
      2023 Investment Outlook:
      Finding the silver lining
      
      Explore
    - Analysis & studies
    - Features & outlooks
    - Timely & topical
    - View all insights
Documents
Invest

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 6.80
As of 2023/03/23

1-Day Change
USD 0.05 (0.74%)
As of 2023/03/23

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

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.

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.

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

Fund Details

Asset class	Equities
Product Structure	SICAV
Inception Date	26 Oct 2006
Base Currency	USD
Fund Assets As of 28/02/23	$89.49M
Sector	Morningstar Asia-Pacific ex-Japan Equity
Benchmark	MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index
Year End	30-Jun
Pricing Basis	Single Priced

Share Class Facts


Distribution Type	Income Gross
ISIN	LU1807432866
Sedol Code	BDG1GX2
Lipper Code	68503045
WKN Code	-
Valoren Code	-
Pay Dates	20-Jul 20-Aug 20-Sept 20-Oct 20-Nov 20-Dec 20-Jan 20-Feb 20-Mar 20-Apr 20-May 20-Jun
XD Dates	01-Jul 01-Aug 01- Sept 01-Oct 01-Nov 01-Dec 01-Jan 01-Feb 01-Mar 01-Apr 01-May 01-Jun
Inception Date	2 Jul 2018
Currency Code	USD
Minimum Initial Investment	2,500.00
Minimum Top Up Amount	500.00

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 2022/12/31

A4m 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
A4m USD	-12.87	-1.23	-1.49	19.00	-

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Cumulative Performance (%)
As of 2023/02/28

A4m USD

	Cumulative
	1MO	3MO	6MO	YTD	1YR	3YR	5YR	Since Inception 2018/07/02
A4m USD	-7.12	-0.79	-1.35	-0.34	-12.11	-4.75	-	-7.01

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Calendar Year Returns (%)
As of 2022/12/31

A4m USD

	2022	2021	2020	2019	2018
A4m USD	-12.87	-1.23	-1.49	19.00	-7.51

Where the share class of the fund has less than 5 years’ performance history, the performance figures in the inception year represented the fund’s performance from the share class launch date to 31 December of the corresponding year of inception.

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

FEE INFORMATION


Initial Charge	5.00%
Annual Charge	1.20%
Ongoing Charge (As of 2022/06/30)	1.93%
Performance Fee	10% of the 'Relevant Amount'
Hurdle Rate	MSCI AC Asia Pacific ex Japan High Dividend Yield

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 2023/02/28)

	% of Fund
BHP Group	4.91
Woodside Energy Group	4.84
Macquarie Korea Infrastructure Fund	4.22
Macquarie Group	4.16
Samsung Electronics	4.02
United Overseas Bank	4.00
Taiwan Semiconductor Manufacturing	3.75
Vinacapital Vietnam Opportunity Fund Ltd USD	3.21
Digital Telecommunications Infrastructure Fund Inc THB	3.00
Hon Hai Precision Industry	2.99

Portfolio holdings are subject to change without notice.

About Janus Henderson Investors

Our people

Environmental, Social and Governance (ESG)

Diversity, Equity and Inclusion

Filter by asset class

Learn more

Explore insights

Market GPS

Market GPS

Horizon Asian Dividend Income Fund

Overview

INVESTMENT OBJECTIVE

ABOUT THIS FUND

PORTFOLIO MANAGEMENT

Mike Kerley

Sat Duhra

Performance

Portfolio

Documents