Please ensure Javascript is enabled for purposes of website accessibility Horizon Japan Opportunities Fund - Janus Henderson Investors
For investors in Hong Kong

Horizon Japan Opportunities Fund

For investors seeking quality growth and cash-flow positive businesses with deep, local insight.

ISIN
LU0011889929

NAV
USD 23.14
As of 2024/11/11

1-Day Change
USD -0.20 (-0.86%)
As of 2024/11/11

Morningstar Rating

As of 2024/09/30

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 and interest rate risks.

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  • 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 Japan and may be more volatile.
  • 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 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 Japanese companies, of any size, in any industry.

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ABOUT THIS FUND

LOCALISED INVESTMENT APPROACH
Experienced lead manager with local expertise and a proven track record, supported by a well-resourced firm.

NOT STYLE CONSTRAINED
Built on a foundation of quality, the fund also considers mispriced quality companies on an opportunistic basis.

HIGH CONVICTION
Repeatable, fundamentals-driven process, investing in a concentrated portfolio of profitable businesses demonstrating cash-flow growth.

Portfolio Management

Junichi Inoue

Head of Japanese Equities | Portfolio Manager

Industry since 1995. Joined Firm in 2016.

Performance

Cumulative Performance (%)
As of 2024/10/31
A2 USD (Net) Tokyo Stock Price Index (TOPIX) NR Japan Large-Cap Equity - OE
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1985/07/31
A2 USD (Net) -5.84 -8.49 -1.54 6.61 20.92 2.49 30.28 364.92
Tokyo Stock Price Index (TOPIX) NR -4.33 -3.92 2.54 7.37 21.29 7.45 27.04 676.56
Japan Large-Cap Equity - OE -4.81 -3.95 2.54 6.65 20.66 2.59 24.43 775.97
Calendar Year Returns (%)
As of 2024/09/30
A2 USD (Net) Tokyo Stock Price Index (TOPIX) NR Japan Large-Cap Equity - OE
2023 2022 2021 2020 2019
A2 USD (Net) 21.86 -20.19 -1.37 22.09 25.22
Tokyo Stock Price Index (TOPIX) NR 19.58 -15.22 0.76 12.62 18.79
Japan Large-Cap Equity - OE 18.53 -17.81 1.13 14.91 19.33
Fee Information
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2023/06/30)
1.90%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate Tokyo Stock Price Index

Portfolio

Top Holdings (As of 2024/09/30)
% of Fund
Toyota Motor 7.18
Hitachi 6.20
Sony Group 5.56
Shin-Etsu Chemical 5.11
Fujitsu 5.03
Sumitomo Mitsui Financial Group 4.86
Tokio Marine 4.74
Daiichi Sankyo 4.35
Mitsubishi 4.07
Asahi Group 3.94

Documents