Horizon Global Technology Leaders Fund

Aims to generate long-term capital growth through investment in a globally diversified portfolio of technology-related companies

ISIN
LU0209158467

NAV
USD 133.91
As of 2020/10/21

1-Day Change
USD 1.19 (0.90%)
As of 2020/10/21

Morningstar Rating

Key investment risks:

  • The Fund invests at least 90% in equities or equity-related instruments of technology-related companies.
    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, you may lose your entire investment.
  • Investments

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  • 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 technology sector and may subject to higher concentration risk.
  • The Fund may invest in Eurozone (in particular Portugal, Italy, Ireland, Greece and Spain) securities and may suffer from European sovereign debt crisis risk.
  • 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 capital growth over the long term.

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The Fund invests at least 90% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, which are technology-related or derive the main part of profits from technology, in any country.

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ABOUT THIS FUND

  • Seeks to uncover undervalued growth companies where the scale or persistence of earnings growth is underappreciated by the market.
  • Actively managed by a highly experienced team in the UK, with a focus on long-term trends that are shaping the future of technology.
  • With no geographic or sector restrictions, the fund has the freedom to uncover new and exciting areas of growth, such as artificial intelligence, in technology-related companies.
Glossary:
Hype cycle: developed by the advisory and information technology firm Gartner, it is a graphical representation of the maturity, adoption and social application phases of emerging technologies.
DRAM: Dynamic Random Access Memory is a low-cost and high-capacity memory used in digital electronics, including the main memory in computers.
Moore’s Law: coined in 1965 by Intel co-founder Gordon E. Moore, it is the ability to roughly double the number of transistors that can fit onto a chip (aka integrated circuit) every two years.
Unless otherwise indicated, the source for all data is Janus Henderson Investors as of the publishing date of this video (06/09/2017).

PORTFOLIO MANAGEMENT

Alison Porter

Global Technology Leaders | Portfolio Manager

Industry since 1995. Joined Firm in 2014.

Graeme Clark

Global Technology Leaders | Portfolio Manager

Industry since 1994. Joined Firm in 2013.

Richard Clode, CFA

Global Technology Leaders | Portfolio Manager

Industry since 2003. Joined Firm in 2014.

Performance

Discrete Performance (%)
As of 2020/09/30
A1 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
37.70% 1.65% 22.41% 29.80% 20.17%
Cumulative Performance (%)
As of 2020/09/30
A1 USD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2005/01/03
A1 USD -4.46% 12.32% 39.75% 21.67% 37.70% 71.33% 167.23% 479.05%
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)
1.88%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Microsoft 8.55
Apple 7.96
Alphabet 7.19
Facebook 5.61
Tencent 3.84
Samsung Electronics 3.66
Visa 3.53
Alibaba Group 3.42
Broadcom 3.09
Amazon.com 2.97

Documents

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