Horizon Pan European Smaller Companies Fund

ISIN
LU1611731263

NAV
EUR 50.89
As of 2020/10/20

1-Day Change
EUR -0.20 (-0.39%)
As of 2020/10/20

Key investment risks:
• The Fund invests at least 75% in equities or equity-related instruments of companies having their registered offices in the European Economic Area (“EEA”) or United Kingdom ("UK") if not part of the EEA that generally fall within the bottom 25% of their relevant market by way of market capitalization.
• Investments involve

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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.
• 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 the EEA 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 capital growth over the long term.

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The Fund invests at least 75% of its assets in shares (equities) and equity-related securities of smaller companies, in any industry, in the EEA or the UK if not part of the EEA. Companies will have their registered office in the EEA or the UK if not part of the EEA.

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PORTFOLIO MANAGEMENT

Ollie Beckett

Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Rory Stokes, CFA

Portfolio Manager

Industry since 2001. Joined Firm in 2013.

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
3.50% -4.16% -4.64% - -
Cumulative Performance (%)
As of 2020/09/30
A1 EUR (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2017/06/06
A1 EUR -2.69% 6.73% 37.09% -9.07% 3.50% -5.41% - -1.32%
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)
1.88%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/09/30)
% of Fund
Van Lanschot Kempen 3.50
Dfds 2.39
TKH Group 2.11
Metso Outotec 2.06
Aareal Bank 1.96
Mersen 1.79
Nexans 1.79
Banca Farmafactoring 1.74
Befesa 1.71
FinecoBank Banca Fineco 1.55

Documents

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