Horizon Pan European Absolute Return Fund

ISIN
LU0264597450

NAV
EUR 16.54
As of 2020/10/20

1-Day Change
EUR -0.10 (-0.60%)
As of 2020/10/20

Key investment risks:
• The Fund invests at least two-thirds, by taking long and short positions, in equities or equity-related instruments of companies that are domiciled in Europe (including UK); companies that derive the majority of their revenue from business activities in this region.
• Investments involve varying degree of investment risks (e.g. liquidity, market,

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economic, political, regulatory, taxation, financial, interest rate, hedging and currency risks). In extreme market conditions, you may lose your entire investment.
• Investments in financial derivatives instruments (“FDIs”) (such as futures, swaps, options, structured financial derivatives and forwards) involve specific risks (e.g. counterparty, liquidity, leverage, volatility, valuation, short position and over-the-counter transaction risk). The use of FDIs forms an important part of the investment strategy. The Fund may use FDIs to reduce risk and to manage the Fund more efficiently. Such investments are subject to higher level of risk and may result in substantial loss.
• The Fund’s investments are concentrated in Europe (including the United Kingdom) 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 a positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period, and particularly over the shorter term the Fund may experience periods of negative returns. Consequently your capital is at risk.

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The Fund invests at least two-thirds of its total assets in shares or equity-related instruments of companies, which are domiciled in or derive most of the revenue from Europe (including UK). The Fund makes extensive use of derivatives (complex financial instruments) to take both ‘long’ and ‘short’ positions in the companies and may invest in companies of any size, in any industry.

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PORTFOLIO MANAGEMENT

Robert Schramm-Fuchs

Portfolio Manager

Industry since 2005. Joined Firm in 2014.

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

Performance

Discrete Performance (%)
As of 2020/09/30
A1 EUR
 
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
9.53% -1.96% -2.11% 6.47% -4.61%
Cumulative Performance (%)
As of 2020/09/30
A1 EUR (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2006/12/01
A1 EUR 1.80% 6.55% 7.45% 2.75% 9.53% 5.12% 6.75% 67.11%
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)
1.87%
Performance Fee 20% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Nestl 3.95
ASML 3.51
Symrise 2.95
Geberit 2.80
STMicroelectronics 2.71
Knorr-Bremse 2.66
SAP 2.57
Atlas Copco 2.51
Daimler 2.47
Volvo 2.46

Documents

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