For investors in Singapore

Horizon Japanese Smaller Companies Fund

Designed to capture the undervalued growth potential of Japanese smaller companies over the long term

ISIN
LU0976556851

NAV
SGD 66.22
As of 16/04/2021

1-Day Change
SGD 0.19 (0.29%)
As of 16/04/2021

Morningstar Rating

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

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The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (equities) and equity-related securities of small capitalisation companies, in any industry, in Japan or derive a significant portion of their revenues from Japan.

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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.

ABOUT THIS FUND

  • Positioned to benefit from a recovery in Japan’s economy and improving corporate governance to generate long-term capital appreciation
  • High-conviction strategy leveraging more than 40 years’ experience in Japanese equities
  • Invests in the smallest 25% of listed Japanese companies by market capitalisation, which the team believes are set to benefit most from a domestic recovery

PORTFOLIO MANAGEMENT

Yunyoung Lee, CFA

Portfolio Manager

Industry since 1992. Joined Firm in 2005.

Performance

Cumulative & Annualised Performance (%)
As of 31/03/2021
A2 HSGD (Net) A2 HSGD (With Sales Charge)*
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
02/08/2017
A2 HSGD (Net) 6.10 13.87 25.12 13.87 47.65 8.10 - - 7.77
A2 HSGD (With Sales Charge)* 0.79 8.18 18.86 8.18 40.27 6.27 - - 6.27
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 31/12/2020)
1.87%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 31/03/2021)
% of Fund
Toppan Forms 4.54
Noritake 4.03
Nichicon 3.99
Aiful 3.77
Nippon Soda 3.77
Daito Trust Construction 3.70
Nippon Electric Glass 3.61
Central Glass 3.48
Central Security Patrols 3.37
Isetan Mitsukoshi 3.32

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