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

A high-conviction, concentrated Japanese equity fund aiming to deliver attractive long-term returns

ISIN
LU0011889929

NAV
USD 24.06
As of 2024/04/15

1-Day Change
USD -0.22 (-0.91%)
 As of 2024/04/15

Morningstar Rating

As of 2024/03/31

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

  • The team aims to uncover underpriced, cash-generative and capital-efficient businesses through rigorous, bottom-up research
  • The fund can exploit opportunities across the market-cap spectrum
  • Managed by an experienced team of investors with deep knowledge of Japanese companies

PORTFOLIO MANAGEMENT

Junichi Inoue

Junichi Inoue

Head of Japanese Equities | Portfolio Manager

Industry since 1995. Joined Firm in 2016.

Performance

Cumulative Performance (%)
As of 2024/03/31
A2 USD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1985/07/31
A2 USD 3.93 13.59 23.22 13.59 27.84 10.58 52.89 395.36
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
Calendar Year Returns (%)
As of 2024/03/31
A2 USD
2023 2022 2021 2020 2019
A2 USD 21.86 -20.19 -1.37 22.09 25.22
Calendar Year Returns (%)
Year A2 USD Index
2023 21.86 19.58
2022 -20.19 -15.22
2021 -1.37 0.76
2020 22.09 12.62
2019 25.22 18.79
2018 -17.18 -14.02
2017 19.93 26.15
2016 8.87 3.12
2015 13.20 11.34
2014 -5.42 -3.72
2013 30.13 27.35
2012 2.62 8.36
2011 -9.57 -14.19
2010 17.09 15.59
2009 0.45 6.39
2008 -24.43 -29.11
2007 -9.18 -4.14
2006 3.28 6.33
2005 22.30 25.63
2004 15.35 15.95
2003 42.64 36.15
2002 -9.08 -10.11
2001 -23.99 -29.28
2000 -31.37 -28.07
1999 102.13 61.77
1998 2.18 5.25
1997 -38.56 -23.55
1996 -16.13 -15.38
1995 -13.77 0.86
1994 25.02 21.62
1993 22.31 25.70
1992 -16.81 -21.29
1991 13.71 9.09
1990 -37.60 -36.02
1989 15.68 1.81
1988 18.80 35.53
1987 25.54 43.18
1986 58.36 99.72
1985 from 31/07/1985 18.15 25.66
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 2023/06/30) 		1.90%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate Tokyo Stock Price Index
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 2024/02/29)
% of Fund
Toyota Motor 9.73
Hitachi 5.93
Shin-Etsu Chemical 5.66
Daiichi Sankyo 5.34
Sony Group 4.85
Tokio Marine 4.77
Mitsubishi 4.68
Ebara 4.63
Sumitomo Mitsui Financial Group 4.61
Dai-ichi Life 4.30
Portfolio holdings are subject to change without notice. 

Documents

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