Horizon Asian Dividend Income Fund

Aims to capture the income and capital growth potential of companies in Asia, one of the world’s fastest-growing regions

ISIN
LU0264605907

NAV
USD 6.98
As of 2024/12/20

1-Day Change
USD -0.07 (-0.99%)
As of 2024/12/20

INVESTMENT OBJECTIVE

The Fund aims to provide an income in excess of the income generated by the MSCI All Countries Asia Pacific ex Japan High Dividend Yield Index over any 5 year period with the potential for capital growth over the long term.

The Fund invests at least two-thirds of its assets in equities or equity-related instruments of companies of any size, in any industry, in the Asia Pacific region (excluding Japan).

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ABOUT THIS FUND

Well placed to tap into the region’s strong structural growth opportunities and the shift toward a more progressive dividend culture
Disciplined, value-driven investment process that focuses on dividend growth and high-yielding companies
Aims to deliver consistent, growing income streams and long-term capital appreciation

Fund Details

Asset class	Equities
Product Structure	SICAV
Inception Date	26 Oct 2006
Base Currency	USD
Fund Assets As of 30/11/24	68.69M
Sector	Morningstar Asia-Pacific ex-Japan Equity
Benchmark	MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index
Year End	30-Jun
Pricing Basis	Single Priced

Share Class Facts


Distribution Type	Income Gross
ISIN	LU0264605907
Sedol Code	B80L439
Lipper Code	65052849
WKN Code	A0LA7Q
Valoren Code	2694739
Pay Dates	20-Oct 20-Jan 20-Apr 20-Jul
XD Dates	01-Oct 01-Jan 01-Apr 01-Jul
Inception Date	26 Oct 2006
Currency Code	USD
Minimum Initial Investment	2,500.00
Minimum Top Up Amount	500.00

Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

Cumulative Performance
Calendar Year Performance

Cumulative Performance (%)
As of 2024/11/30

A3q USD (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR

	Cumulative
	1MO	3MO	6MO	YTD	1YR	3YR	5YR	Since Inception 2006/10/26
A3q USD (Net)	-0.70	0.61	4.30	7.66	14.83	1.33	1.12	116.19
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR	-1.64	0.18	4.48	10.96	18.42	25.36	36.64	192.97

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Calendar Year Returns (%)
As of 2024/09/30

A3q USD (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR

	2023	2022	2021	2020	2019
A3q USD (Net)	6.00	-12.85	-1.23	-1.61	19.24
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR	17.59	-8.92	6.64	1.35	14.60

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Recommended holding period 5 Years

Example Investment: USD 10,000

Scenarios		If you exit after 1 year	If you exit after 5 years
Minimum	There is no minimum guaranteed return. You could lose some or all of your investment
Stress	What you might get back after costs	2,310 USD	2,390 USD
	Average return each year	-76.89%	-24.91%
Unfavourable	What you might get back after costs	7,270 USD	7,760 USD
	Average return each year	-27.34%	-4.95%
Moderate	What you might get back after costs	9,500 USD	10,790 USD
	Average return each year	-4.98%	1.53%
Favourable	What you might get back after costs	13,000 USD	14,030 USD
	Average return each year	29.99%	7.01%

There is currently insufficient data to provide a useful indication of past performance to investors.

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 AC Asia Pacific ex Japan High Dividend Yield Index

The ongoing charge is calculated using the Packaged Retail Investment Product (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.

Please refer to the offering documents for more details on the fees and expenses.

Top Holdings (As of 2024/11/30)

	% of Fund
Taiwan Semiconductor Manufacturing	5.96
United Overseas Bank	3.28
Macquarie Korea Infrastructure Fund	3.24
MediaTek	3.13
Hon Hai Precision Industry	3.05
Oversea-Chinese Banking	3.01
China Construction Bank	2.89
First Pacific	2.88
China CITIC Bank	2.85
Sea	2.84

Portfolio holdings are subject to change without notice.

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Horizon Asian Dividend Income Fund

Overview

INVESTMENT OBJECTIVE

ABOUT THIS FUND

Portfolio Management

Performance

Portfolio

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