Please ensure Javascript is enabled for purposes of website accessibility Horizon Global Smaller Companies Fund - Janus Henderson Investors - Switzerland Professional Advisor (EN)
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For qualified investors in Switzerland

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 40.07
As of 17/04/2025

1-Day Change
USD 0.13 (0.33%)
 As of 17/04/2025

Morningstar Rating

As of 31/03/2025

Overview

INVESTMENT OBJECTIVE

Le Fonds vise à fournir une croissance du capital sur le long terme.
Objectif de performance: Surperformer par rapport à l'indice MSCI World Small Cap Index, après déduction des charges, sur une période quelconque de cinq ans.

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Le Fonds investit au moins 80% de ses actifs dans des actions (titres de participation) et titres assimilés de petites sociétés, de tous secteurs, sises dans n'importe quel pays.
Le Fonds peut également investir dans d'autres actifs, y compris des liquidités et des instruments du marché monétaire.
Le Gestionnaire d'Investissement peut avoir recours à des dérivés (instruments financiers complexes) pour réduire le risque ou pour gérer le Fonds plus efficacement.
Le Fonds est géré de façon active en se référant à l'indice MSCI World Small Cap Index, qui est largement représentatif des sociétés dans lesquelles celui-ci est susceptible d'investir, dans la mesure où cet indice constitue la base de l'objectif de performance du Fonds et le niveau au-dessus duquel des commissions de performance peuvent être imputées (le cas échéant). Le gestionnaire d'investissement a le pouvoir discrétionnaire de choisir des investissements pour le Fonds ayant des pondérations différentes de celles de l'indice ou n'étant pas présents dans l'indice, mais le Fonds peut occasionnellement détenir des investissements similaires à ceux de l'indice.

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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.

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
Past performance does not predict future returns. 
 

RATINGS AND AWARDS

2024 Lipper Awards Winner United States
Lipper Fund Awards based on Horizon Global Smaller Companies Fund Class A2 USD shares only. Availability of this share class may be limited by law in certain jurisdictions. Performance records are detailed on the specific KID, fees and charges may vary and further information can be found in the fund’s prospectus and KID which must be reviewed before investing. Please consult your local sales representative if you have any further queries.

Portfolio Management

Nick Sheridan: Portfolio Manager
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 31/03/2025
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) -3.45 -3.77 3.44 9.96 20.16 - 13.33
MSCI World Small Cap NR -3.77 -3.73 -0.26 1.55 13.45 - 7.19
Global Small/Mid-Cap Equity - OE -2.79 -2.19 -1.17 0.31 11.81 - 6.40
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 performance is available on the fund’s factsheet
Calendar Year Returns (%)
As of 31/03/2025
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) -3.77 19.74 27.30 -18.98 23.20 21.06 14.45
MSCI World Small Cap NR -3.73 8.15 15.76 -18.76 15.75 15.96 12.61
Global Small/Mid-Cap Equity - OE -2.19 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 31/03/2025
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.
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
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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.
  • Information on compliance with EU Sustainability 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 KID before making any final investment decisions.
  • The Legal Entity Identifier for this product is 213800I63HI1UKL7JT09.

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