Please ensure Javascript is enabled for purposes of website accessibility Horizon Global Technology Leaders Fund - Janus Henderson Investors - Hong Kong Investor (EN)
{{banner.link_text}}
For investors in Hong Kong

Horizon Global Technology Leaders Fund

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

ISIN
LU0642271901

NAV
SGD 777.22
As of 2026/08/14

1-Day Change
SGD -2.66 (-0.34%)
 As of 2026/08/14

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, RMB currency and conversion, liquidity, hedging, market, economic, political, regulatory, taxation, securities lending related, reverse repurchase transactions related, financial

More

  • and interest rate risks. In extreme market conditions, you may lose your entire investment.
  • The Fund may invest in financial derivatives instruments 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's investments are concentrated in technology sector and may be more volatile and subject to technology related companies risk.
  • The Fund may invest in Eurozone and may suffer from Eurozone risk.
  • 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

Quarterly Update

The investment team recap this quarter.

(Note: Filmed in July 2026).

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

More

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.

Less

ABOUT THIS FUND

A high-conviction, bottom-up global technology strategy with a thematic overlay. It offers investors exposure to future technology leaders and secular growth themes, with a disciplined approach to valuation and adaptability through market cycles.

WHY INVEST IN THIS FUND

Experienced management team

Technology experts who have seen multiple market cycles and multiple innovation waves (internet, mobile, etc.).

Investing in leaders

Tech is a ‘winner takes most’ market, we want to invest in the best, small and large.

Valuation discipline

Navigating the hype cycle to discover stocks with underappreciated earnings growth at reasonable valuations.

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

Graeme Clark

Portfolio Manager

Industry since 1994. Joined Firm in 2013.

Alison Porter

Portfolio Manager

Industry since 1995. Joined Firm in 2014.

Richard Clode, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2014.

Performance

Cumulative Performance (%)
As of 2026/07/31
A2 HSGD (Net) MSCI ACWI/Information Tech & Comm Services NR
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2013/05/17
A2 HSGD (Net) -7.64 7.32 16.06 19.09 26.19 98.00 80.99 634.98
MSCI ACWI/Information Tech & Comm Services NR -5.06 6.76 15.91 16.40 29.10 102.04 97.28 967.85
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
Calendar Year Returns (%)
As of 2026/06/30
A2 HSGD (Net) MSCI ACWI/Information Tech & Comm Services NR
2025 2024 2023 2022 2021
A2 HSGD (Net) 19.71 30.25 47.94 -36.02 17.50
MSCI ACWI/Information Tech & Comm Services NR 20.56 36.10 45.23 -32.62 24.84
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Recommended holding period 5 Years

Example Investment: SGD 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 costs2,690 SGD2,000 SGD
Average return each year-73.06%-27.56%
UnfavourableWhat you might get back after costs6,080 SGD12,200 SGD
Average return each year-39.22%4.06%
ModerateWhat you might get back after costs11,840 SGD18,900 SGD
Average return each year18.35%13.58%
FavourableWhat you might get back after costs15,790 SGD30,440 SGD
Average return each year57.94%24.93%
There is currently insufficient data to provide a useful indication of past performance to investors. This share class has been established for less than a year. To view performance returns please choose an alternative share class, if available.
Fee Information
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2025/06/30) 		1.87%
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 2026/06/30)
% of Fund
NVIDIA 8.18
Alphabet 7.56
Taiwan Semiconductor Manufacturing 7.55
Amazon.com 4.78
Broadcom 4.72
Micron Technology 4.07
Apple 3.58
SK hynix 3.25
Applied Materials 2.95
Advanced Micro Devices 2.83
TOTAL 49.48
Portfolio holdings are subject to change without notice. 
Sub-Sector allocation (%) % of Fund % of Index % of Fund % of Index As of 2026/06/30
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 2026/06/30
Country/Geographic Exposures % of Fund % of Index % of Fund % of Index As of 2026/06/30
Regional Allocation % of Fund % of Index % of Fund % of Index As of 2026/06/30

Documents

Related Insights

Differentiated insights are central to our investment approach.

Project Glasswing and Mythos: Redefining the cybersecurity landscape
29 Jun 2026
Timely & Topical

Project Glasswing and Mythos: Redefining the cybersecurity landscape

Cybersecurity’s evolution into critical AI infrastructure.

Read More

Quick View: Is NVIDIA approaching an ‘Apple moment’?
21 May 2026
Timely & Topical

Quick View: Is NVIDIA approaching an ‘Apple moment’?

Can NVIDIA convince the markets that it deserves more recognition for its potential for longer-term sustainable growth and continued innovation?

Read More

CEO Sessions: Healthcare innovation and a game changer in AI monetisation
13 May 2026
Timely & Topical

CEO Sessions: Healthcare innovation and a game changer in AI monetisation

Aging populations are driving demand for healthcare innovation, while as AI productivity improves, monetisation paths are becoming clearer.

Read More

Choose region

Country

Language

What type of investor are you?