For investors in Singapore

Horizon Euro High Yield Bond Fund

For investors seeking the potential for high overall yield and capital growth in European fixed income


EUR 147.66
As of 2023/09/21

1-Day Change
EUR 0.68 (0.46%)
As of 2023/09/21


Quarterly update

Watch the investment team recap this quarter.

(Note: Filmed in July 2023).


The investment objective of the Euro High Yield Bond Fund is to provide a high overall yield and potential for capital growth.

The Fund will invest at least 70% of its net assets in sub investment grade corporate debt securities with a credit rating equivalent to BB+ or lower and denominated in Euros and Sterling. The Fund can invest in fixed and variable rate and index-related securities issued by corporate, government, supranational institutions and local and regional agencies. The Fund may invest up to 20% of its net assets in contingent convertible bonds.

The Fund may make use of one or a combination of the following instruments / strategies in order to achieve the Fund’s objective including, but not limited to, asset and mortgage backed securities, convertible bonds, structured notes, options, OTC swaps (such as interest rate swaps, credit default swaps, credit default swaps on indices and total return swaps), and forward foreign exchange contracts.

Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.


  • Access the total return potential of European high-yield bonds through a portfolio diversified by issuers, sectors, and geography
  • High-conviction portfolio with the ability to access smaller, less-liquid issuers, all actively managed to reflect market changes
  • Security selection drives returns; focuses on company metrics, corporate strategy, and bond covenants in context of credit cycle and market conditions


Tom Ross, CFA

Global Head of High Yield | Portfolio Manager

Industry since 2002. Joined Firm in 2002.

Tim Winstone, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2015.


Cumulative & Annualised Performance (%)
As of 2023/08/31
A2 EUR (Net) A2 EUR (With Sales Charge)* ICE BofA Euro Non-Financial High Yield Constrained
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
A2 EUR (Net) 0.63 1.51 1.06 4.07 2.26 -1.50 0.17 3.06 3.63
A2 EUR (With Sales Charge)* -4.40 -3.56 -3.99 -1.13 -2.85 -3.17 -0.85 2.53 3.14
ICE BofA Euro Non-Financial High Yield Constrained 0.17 1.77 2.43 5.71 5.85 0.38 1.10 3.26 3.70
Initial Charge 5.00%
Annual Charge 0.75%
Ongoing Charge
(As of 2022/06/30)