For financial professionals in Ireland

Horizon Global Equity Income Fund

A global approach to equity income aiming to provide a growing income stream as well as capital growth


USD 134.27
As of 15/10/2021

1-Day Change
USD 1.32 (0.99%)
As of 15/10/2021

Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.



The Fund aims to provide an income in excess of the income generated by the MSCI World Index with the potential for capital growth over the long term (5 years or more).


The Fund invests at least 80% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in any country.
The Fund may also invest in other assets including bonds of any quality from any issuer, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI World Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s income target and the level above which performance fees may be charged (if applicable). The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.


The value of an investment and the income from it can fall as well as rise as a result of taxation arrangements or market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.


  • Dividend-seeking, valuation-driven process that focuses on companies with good and growing cashflow
  • Actively managed fund well diversified by sector and geography
  • Highly experienced, dedicated team with more than 10 years' experience running global equity income funds
Past performance is not a guide to future performance. 


Andrew Jones

Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.


Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/09/2021
A2 USD (Net) MSCI World NR
Quarter End
As of 30/09/2021
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A2 USD (Net) 20.10 -2.61 -2.29 1.87 14.65
MSCI World NR 28.82 10.41 1.83 11.24 18.17
Cumulative & Annualised Performance (%)
As of 30/09/2021
A2 USD (Net) MSCI World NR
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
A2 USD (Net) -3.86 5.88 20.10 4.55 5.95 - 3.66
MSCI World NR -4.15 13.04 28.82 13.14 13.74 - 10.28
A2 USD (Net) MSCI World NR
2016 2017 2018 2019 2020
A2 USD (Net) 0.70 19.48 -13.25 18.25 3.26
MSCI World NR 7.51 22.40 -8.71 27.67 15.90
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 31/12/2020)
Performance Fee 10% of the 'Relevant Amount'


Top Holdings (As of 30/09/2021)
% of Fund
Microsoft 4.91
Nestl 2.64
AstraZeneca 2.54
AXA 2.45
Roche 2.35
Cisco Systems 2.31
Merck 2.27
Medtronic 2.22
Royal Dutch Shell 2.18
Samsung Electronics 2.18


  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights