For individual investors in Luxembourg

Horizon Responsible Resources Fund

A high-conviction natural resources fund targeting high-quality global equity opportunities

ISIN
LU1120392797

NAV
GBP 170.73
As of 03/10/2022

1-Day Change
GBP 0.81 (0.48%)
As of 03/10/2022


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 capital growth over the long term.
Performance target: To outperform the S&P Global Natural Resources Accumulation Index NR by 2.5% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in shares (equities) and equity-related securities of companies, whose revenues come mostly from the mining, energy and agriculture sectors, in any country.
The Fund may also invest in other assets including 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 S&P Global Natural Resources Accumulation Index NR, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance 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.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

ABOUT THIS FUND

  • Invests in mining, energy, and agriculture companies set to benefit from the ongoing demand for natural resources
  • Flexibility to invest across the supply chain, taking advantage of price shifts between upstream and downstream sectors and across industries
  • Highly experienced specialist team utilises expertise to identify ‘sweet spots’ ahead of stock price appreciation
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Daniel Sullivan

Head of Global Natural Resources | Portfolio Manager

Industry since 1989. Joined Firm in 2013.

Darko Kuzmanovic

Senior Portfolio Manager

Industry since 1985. Joined Firm in 2015.

Tal Lomnitzer, CFA

Senior Investment Manager

Industry since 2000. Joined Firm in 2019.

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
H2 Acc GBP (Net) S&P Global Natural Resources NR
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
28/01/2015
H2 Acc GBP (Net) 5.55 3.79 12.92 13.67 7.52 - 8.39
S&P Global Natural Resources NR 5.21 19.12 28.33 14.44 9.78 - 10.04
Calendar Year Returns (%)
As of 31/12/2021
H2 Acc GBP (Net) S&P Global Natural Resources NR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 PERFORMANCE INCEPTION
28/01/2015
H2 Acc GBP (Net) -9.02 22.94 11.95 12.82 -16.91 11.82 57.37 - - - - -21.76
S&P Global Natural Resources NR 9.60 25.55 -3.13 11.91 -7.68 11.43 56.79 - - - - -20.93
 
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 PERFORMANCE INCEPTION
S&P Global Natural Resources NR + 2.50% 10.21 27.29 -1.78 13.47 -6.60 12.45 58.18 - - - - -20.33
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 0.60%
Ongoing Charge
(As of 31/12/2021)
1.09%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 31/08/2022)
% of Fund
Nutrien 5.30
Allkem 4.76
Archer-Daniels-Midland 4.33
NexGen Energy 3.59
Wheaton Precious Metals 3.52
Smurfit Kappa Group 3.47
Air Products and Chemicals 3.45
Freeport-McMoRan 3.11
Champion Iron 3.02
Cameco 2.96

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.
  • 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.
  • 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.
  • 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 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.
  • 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, you may wish to consult a financial adviser.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • Summary of Investor rights
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • 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.