Horizon Japan Opportunities Fund

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

ISIN
LU0011889929

NAV
USD 19.65
As of 2020/10/20

1-Day Change
USD -0.11 (-0.56%)
As of 2020/10/20

Morningstar Rating

Key investment risks:
• The Fund primarily invests at least 80% in equity or equity related instruments of Japanese 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.

More

/>• 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 and to manage the Fund more efficiently.
• The Fund’s investments are concentrated in Japan and may subject to higher concentration 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.

Less

Overview

INVESTMENT OBJECTIVE

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

More

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.

Less

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

Head of Japanese Equities | Portfolio Manager

Industry since 1995. Joined Firm in 2016.

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
14.20% -5.41% 7.49% 15.58% 15.06%
Cumulative Performance (%)
As of 2020/09/30
A2 USD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1985/07/31
A2 USD 0.83% 8.51% 29.20% 4.93% 14.20% 16.12% 54.42% 290.73%
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)
1.94%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Sony 6.03
SoftBank Group 5.75
Nintendo 5.58
Shin-Etsu Chemical 5.36
Tokio Marine 4.99
Daiichi Sankyo 4.98
Z 4.42
Toyota Motor 4.02
TDK 3.96
Nitori 3.77

Documents

TOP