Please ensure Javascript is enabled for purposes of website accessibility Horizon Global Smaller Companies Fund - Janus Henderson Investors - Argentina Professional Advisor
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For professional investors in Argentina

Horizon Global Smaller Companies Fund

Invests in small companies listed globally, seeking long-term capital growth by identifying good quality but potentially undervalued stocks.

ISIN
LU1983261949

NAV
USD 43.58
As of 21/02/2025

1-Day Change
USD 0.13 (0.30%)
 As of 21/02/2025

Morningstar Rating

As of 31/01/2025

Overview

INVESTMENT OBJECTIVE

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

  • Experienced lead manager and regional managers with local expertise
  • Dispassionate screening approach to stock selection combined with qualitative fundamental research
  • Balanced style and regional exposure reduces factor risk, allowing the strategy the potential to outperform in a variety of market conditions

Portfolio Management

Nick Sheridan

Portfolio Manager

Industry since 1986. Joined Firm in 2009.

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 31/01/2025
IU2 USD (Net) MSCI World Small Cap NR Global Small/Mid-Cap Equity - OE
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
06/08/2019
IU2 USD (Net) 4.41 4.41 23.83 12.30 14.04 - 15.46
MSCI World Small Cap NR 3.47 3.47 15.09 4.42 7.76 - 8.83
Global Small/Mid-Cap Equity - OE 3.64 3.64 11.16 2.30 6.40 - 7.72
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Performance fees may be charged before the Fund’s outperformance target is reached.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Calendar Year Returns (%)
As of 31/12/2024
IU2 USD (Net) MSCI World Small Cap NR Global Small/Mid-Cap Equity - OE
YTD 2024 2023 2022 2021 2020 Performance Inception
06/08/2019
IU2 USD (Net) 19.74 19.74 27.30 -18.98 23.20 21.06 14.45
MSCI World Small Cap NR 8.15 8.15 15.76 -18.76 15.75 15.96 12.61
Global Small/Mid-Cap Equity - OE 4.84 4.84 15.73 -22.44 14.72 19.65 12.37
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Performance fees may be charged before the Fund’s outperformance target is reached.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.

Recommended holding period 5 Years

Example Investment: USD 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs1,480 USD1,270 USD
Average return each year-85.16%-33.86%
UnfavourableWhat you might get back after costs7,050 USD9,800 USD
Average return each year-29.45%-0.40%
ModerateWhat you might get back after costs10,790 USD14,930 USD
Average return each year7.94%8.34%
FavourableWhat you might get back after costs18,120 USD20,490 USD
Average return each year81.20%15.43%
This chart shows the fund’s performance as the percentage loss or gain per year over the last 6 years against its benchmark. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

As of 31/12/2024
IU2 USD (Net) MSCI World Small Cap NR Global Small/Mid-Cap Equity - OE
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Past performance does not predict future returns. The value of an investment may go down as well as up and you may lose the amount originally invested. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Fee Information
Initial Charge 5.00%
Annual Charge 0.85%
Ongoing Charge
(As of 30/06/2023) 		0.97%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI World Small Cap Index
The ongoing charge figure is an estimate of the expected future charges.
The ongoing charge is calculated using the PRIIPs methodology. The PRIIPs methodology differs to the UCITS ongoing charge methodology, as the PRIIPS methodology captures additional recurring charges, including but not limited to: a. Interest paid on borrowing (e.g. bank interest) b. Any fees incurred in relation to stock-lending activity (i.e. the fee paid to the lending agent) c. Any costs associated with holding closed-ended vehicles.
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Recovery and reshoring – potential boons for global small caps
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Recovery and reshoring – potential boons for global small caps

Can small caps outshine their larger counterparts in an environment of favourable fiscal and monetary policies, and shifting allocations?

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Can global small caps take big steps in 2025?
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Can global small caps take big steps in 2025?

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As market dynamics shift and mega-cap tech companies show vulnerability, global small caps could be poised for a significant resurgence.

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  • 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.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • 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, i.e. mitigated by taking an offsetting position in a related security), 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.
  • 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.
  • 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.
  • 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 KID before making any final investment decisions.
  • The Legal Entity Identifier for this product is 213800I63HI1UKL7JT09.

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