Horizon Global Equity Income Fund

A global approach to equity income aiming to provide a growing income stream as well as capital growth

ISIN
LU1059380805

NAV
USD 110.17
As of 2020/10/21

1-Day Change
USD -0.36 (-0.33%)
As of 2020/10/21

Key investment risks:
• The Fund primarily invests in equities or equity-related instruments of companies that are listed and/or traded on regulated markets.
• 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,

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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 or to manage the Fund more efficiently.
• The Fund may at times invest a large portion of its assets in certain geographical area(s) 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 realised/ unrealised capital gains while charging/ paying 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.

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Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income in excess of the income generated by the MSCI World Index with the potential for capital growth over the long term.

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The Fund invests at least 80% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in any country.

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ABOUT THIS FUND

  • Dividend-seeking, valuation-driven process that focuses on companies with good and growing cashflow
  • Actively managed fund well diversified by sector and geography
  • Highly experienced, dedicated team with more than 10 years' experience running global equity income funds

PORTFOLIO MANAGEMENT

Andrew Jones

Director, Global Equity Income | Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager  

Industry since 1998. Joined Firm in 2004.

Performance

Discrete Performance (%)
As of 2020/09/30
A2 USD
 
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
-2.61% -2.29% 1.87% 14.65% 5.78%
Cumulative Performance (%)
As of 2020/09/30
A2 USD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2014/05/06
A2 USD -3.12% 4.30% 15.69% -8.97% -2.61% -3.06% 17.56% 8.64%
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)
2.18%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Microsoft 4.51
Nestl 2.94
Taiwan Semiconductor Manufacturing 2.57
Novartis 2.54
Samsung Electronics 2.20
Cisco Systems 2.19
Sanofi 2.16
AIA Group 2.15
Unilever 2.08
Coca-Cola 2.07

Documents

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