For investors in Hong Kong

Horizon Pan European Smaller Companies Fund

ISIN
LU1611731263

NAV
EUR 70.70
As of 2022/01/26

1-Day Change
EUR 1.55 (2.24%)
As of 2022/01/26

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, interest rate and small/

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  • mid-capitalisation companies related risks. 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 small/mid-capitalisation companies in European Economic Area and may be more volatile.
  • The Fund may invest in Eurozone/PIIGS and may suffer from European sovereign debt crisis risk.
  • 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 75% of its assets in shares (equities) and equity-related securities of companies which will generally fall within the bottom 25% of their relevant market by way of market capitalisation 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 2021/12/31
A1 EUR
 
Quarter End
As of 2021/12/31
Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017
A1 EUR 21.34 13.89 34.26 -23.23 -
Cumulative Performance (%)
As of 2021/12/31
A1 EUR
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2017/06/06
A1 EUR 5.92 1.99 1.03 21.34 21.34 85.53 - 49.96
CALENDAR YEAR RETURNS (%)
A1 EUR
2017 2018 2019 2020 2021
A1 EUR 5.28 -23.23 34.26 13.89 21.34
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2021/06/30)
1.90%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2021/11/30)
% of Fund
Van Lanschot Kempen 3.37
Aareal Bank 3.30
TKH Group 2.90
Dfds 1.87
FLEX LNG 1.61
Fnac Darty 1.40
Grenergy Renovables 1.38
OSB Group 1.37
BFF Bank 1.37
Tate & Lyle 1.33

Documents