For financial professionals in Italy

Horizon Asia-Pacific Property Income Fund

Actively managed fund focused on the managers’ best ideas in Asia-Pacific listed property stocks and REITs to deliver long-term capital appreciation

ISIN
LU0572943370

NAV
EUR 19.81
As of 26/09/2022

1-Day Change
EUR -0.37 (-1.83%)
As of 26/09/2022

Morningstar Rating


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

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a sustainable level of income, with a dividend yield higher than that of the FTSE EPRA Nareit Developed Asia Dividend Plus Index, plus the potential for capital growth over the long term (5 years or more).

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The Fund invests at least 75% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of real estate investment trusts (REITs) and companies, of any size, which invest in property, in the Asia Pacific region. Securities will derive the main part of their revenue from owning, developing and managing real estate which in the view of the Investment Manager offer prospects for above average dividends or reflect such prospects.
The Fund may also invest in other assets including investment grade government bonds, 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 FTSE EPRA Nareit Developed Asia Dividend Plus Index, which is broadly representative of the securities 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.

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The value of an investment and the income from it can fall as well as rise as a result of 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 a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • A broad investable universe and selective approach enables the team to identify stocks with attractive dividend yield and growth characteristics
  • Managed by a specialist team in Singapore, supported by the wider global property equities teams in the UK and the US
  • Offers a liquid means of diversifying into real estate and benefitting from powerful secular themes influencing the asset class
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Xin Yan Low

Portfolio Manager

Industry since 2007. Joined Firm in 2014.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 31/08/2022
I2 EUR (Net) FTSE EPRA Nareit Developed Asia Dividend Plus NR
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
30/05/2007
I2 EUR (Net) -1.67 0.68 -2.41 0.84 5.49 6.31 3.41
FTSE EPRA Nareit Developed Asia Dividend Plus NR -2.36 1.40 1.26 -1.21 3.87 5.87 2.83
Calendar Year Returns (%)
As of 31/12/2021
I2 EUR (Net) FTSE EPRA Nareit Developed Asia Dividend Plus NR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
I2 EUR (Net) -2.59 10.22 -9.31 24.38 0.24 2.62 4.98 7.08 10.46 2.06 41.34
FTSE EPRA Nareit Developed Asia Dividend Plus NR -2.85 13.01 -16.65 19.08 4.03 1.66 9.72 3.08 13.55 1.90 44.54
Calendar Year Returns (%)
Year I2 EUR (Net) Index
2021 10.22 13.01
2020 -9.31 -16.65
2019 24.38 19.08
2018 0.24 4.03
2017 2.62 1.66
2016 4.98 9.72
2015 7.08 3.08
2014 10.46 13.55
2013 2.06 1.90
2012 41.34 44.54
2011 -23.44 -17.28
2010 33.45 24.71
2009 48.73 40.79
2008 -45.91 -49.59
2007 from 2007-05-30 -11.96 -8.18
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 31/12/2021)
1.00%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 31/08/2022)
% of Fund
Link REIT 7.38
CK Asset 6.25
Japan Metropolitan Fund Invest 5.59
CapitaLand Integrated Commercial Trust 4.82
Hysan Development 4.37
Stockland 4.34
Japan Hotel REIT Investment 4.19
Orix JREIT 4.16
Nomura Real Estate 3.83
Mapletree Logistics Trust 3.77

Documents

  • 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 does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units 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.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund is focused towards particular industries or investment themes and may be heavily impacted by factors such as changes in government regulation, increased price competition, technological advancements and other adverse events.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund invests in real estate investment trusts (REITs) and other companies or funds engaged in property investment, which involve risks above those associated with investing directly in property. In particular, REITs may be subject to less strict regulation than the Fund itself and may experience greater volatility than their underlying assets.
  • 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/unit class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to the value of the Fund due to differences in short-term interest rates between the currencies.
  • 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.
  • The Fund may incur a higher level of transaction costs as a result of investing in less actively traded or less developed markets compared to a fund that invests in more active/developed markets. These transaction costs are in addition to the Fund's Ongoing Charges.
  • Some or all of the ongoing charges 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.
  • In addition to income, this share class may distribute realised and unrealised capital gains and original capital invested. Fees, charges and expenses are also deducted from capital. Both factors may result in capital erosion and reduced potential for capital growth. Investors should also note that distributions of this nature may be treated (and taxable) as income depending on local tax legislation.
  • 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.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Henderson Management SA may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions.