For investors in Singapore

Horizon Pan European Mid and Large Cap Fund

ISIN
LU0503932328

NAV
EUR 27.44
As of 2024/05/03

1-Day Change
EUR 0.13 (0.48%)
As of 2024/05/03

Morningstar Rating

As of 2024/03/31

Overview

INVESTMENT OBJECTIVE

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

The Fund invests at least 80% of its assets in shares (equities) and equity-related securities of companies, of any size, in any industry, in Europe (including UK). Companies will be located, listed or do most of their business in this region. The Fund will normally have a strong bias towards medium sized companies.

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ABOUT THIS FUND

Focuses on identifying contrarian quality in companies that can generate superior returns on capital employed
Uncovering hidden potential through comprehensive analysis, a disciplined valuation approach, and a focus on mid-cap companies
Differentiated portfolio construction designed to minimise factor risk with alpha driven by stock selection

Fund Details

Asset class	Equities
Product Structure	SICAV
SFDR Categorisation	Article 8
Inception Date	16 Aug 2002
Base Currency	EUR
Fund Assets As of 31/03/24	253.17M
Sector	Morningstar Europe Large-Cap Blend Equity
Benchmark	MSCI Europe NR Index
Year End	30-Jun
Pricing Basis	Single Priced

Information on compliance with EU Sustainability related disclosures can be found here.

Share Class Facts


Distribution Type	Accumulation Net
ISIN	LU0503932328
Sedol Code	B595XQ7
Lipper Code	68056351
WKN Code	A1CZNJ
Valoren Code	11250094
Pay Dates	-
XD Dates	-
Inception Date	3 Feb 2011
Currency Code	EUR
Minimum Initial Investment	2,500.00
Minimum Top Up Amount	500.00

PORTFOLIO MANAGEMENT

Marc Schartz, CFA

Portfolio Manager

Industry since 2004. Joined Firm in 2016.

Performance

Discrete Performance (%)
As of 2024/03/31

A2 EUR (Net)

Quarter End As of 2024/03/31	Mar-2023 - Mar-2024	Mar-2022 - Mar-2023	Mar-2021 - Mar-2022	Mar-2020 - Mar-2021	Mar-2019 - Mar-2020
A2 EUR (Net)	13.88	3.84	5.32	42.12	-14.43

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.

Cumulative & Annualised Performance (%)
As of 2024/03/31

A2 EUR (Net) A2 EUR (With Sales Charge)* MSCI Europe NR

	Cumulative				Annualised
	1MO	3MO	6MO	YTD	1YR	3YR	5YR	10YR	Since Inception 2011/02/03
A2 EUR (Net)	4.30	9.25	14.69	9.25	13.88	7.59	8.65	7.63	7.96
A2 EUR (With Sales Charge)*	-0.91	3.79	8.96	3.79	8.19	5.77	7.55	7.08	7.54
MSCI Europe NR	3.94	7.63	15.25	7.63	15.57	9.07	10.25	8.21	8.27

Calendar Year Returns (%)
As of 2024/03/31

A2 EUR (Net) MSCI Europe NR

	2023	2022	2021	2020	2019
A2 EUR (Net)	11.37	-8.34	21.94	1.00	23.38
MSCI Europe NR	17.78	-11.97	25.16	2.83	27.59

View full calendar year performance history

Calendar Year Returns (%)

Year	A2 EUR (Net)	Index
2023	11.37	17.78
2022	-8.34	-11.97
2021	21.94	25.16
2020	1.00	2.83
2019	23.38	27.59
2018	-15.96	-10.45
2017	16.04	13.01
2016	0.91	3.35
2015	17.19	10.92
2014	9.70	7.38
2013	20.23	22.04
2012	20.11	21.34
2011 from 03/02/2011	-11.50	-15.85

FEE INFORMATION


Initial Charge	5.00%
Annual Charge	1.20%
Ongoing Charge (As of 2023/06/30)	1.93%
Performance Fee	10% of the 'Relevant Amount'
Hurdle Rate	MSCI Europe

Portfolio

Top Holdings (As of 2024/03/31)

	% of Fund
TotalEnergies	5.04
Novo Nordisk	4.92
ASML	4.17
ASR Nederland	3.44
BNP Paribas	3.03
SPIE	2.71
LVMH Moet Hennessy Louis Vuitton	2.70
Carlsberg	2.69
RELX	2.50
Safran	2.40

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