Please ensure Javascript is enabled for purposes of website accessibility Horizon Asian Dividend Income Fund - Janus Henderson Investors - UK private investors
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For individual investors in the UK

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
LU0942195586

NAV
EUR 7.05
As of 16/04/2025

1-Day Change
EUR -0.06 (-0.84%)
 As of 16/04/2025

This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements.

Overview

INVESTMENT OBJECTIVE

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

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The Fund invests at least two-thirds of its assets in a portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in the Asia Pacific region (excluding Japan) and may include China A-Shares. The Fund may also invest in other assets including companies outside this region, cash and money market instruments. The Investment Manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional income for the Fund. The Fund is actively managed with reference to the MSCI AC Asia Pacific ex Japan High Dividend Yield Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's income target and the level above which performance fees may be charged (if applicable). The Investment Manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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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.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

Investors wishing to invest in this fund can do so via a third party provider or by contacting a professional financial adviser.

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
Past performance does not predict future returns. 
 

Portfolio Management

Sat Duhra: Portfolio Manager
Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

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.
Discrete Performance (%)
As of 31/03/2025
H3q EUR (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR Asia-Pacific ex-Japan Equity Income - OE
 
As of 31/03/2025 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021
H3q EUR (Net) 4.68 9.00 -10.09 4.15 28.64
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR 9.74 13.85 -3.42 8.15 29.89
Asia-Pacific ex-Japan Equity Income - OE 6.35 6.67 -6.31 1.28 43.39
The H3q EUR share class was launched on 14/10/2013. Performance prior to that date is past performance based on the A2 EUR share class of the same fund which has a different current ongoing charge included of 1.94.
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).
© 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.
Cumulative & Annualised Performance (%)
As of 31/03/2025
H3q EUR (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR Asia-Pacific ex-Japan Equity Income - OE
 
  Cumulative Annualised
  1MO YTD 1YR 3YR 5YR 10YR Since Inception
03/03/2008
H3q EUR (Net) -4.11 -3.56 4.68 0.85 6.57 2.35 5.03
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR -3.40 -3.49 9.74 6.46 11.13 5.31 6.79
Asia-Pacific ex-Japan Equity Income - OE -4.09 -3.73 6.35 2.05 9.07 3.65 6.31
The H3q EUR share class was launched on 14/10/2013. Performance prior to that date is past performance based on the A2 EUR share class of the same fund which has a different current ongoing charge included of 1.94.
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.
© 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 31/03/2025
H3q EUR (Net) MSCI AC Asia Pacific Ex Japan High Dividend Yield NR Asia-Pacific ex-Japan Equity Income - OE
2024 2023 2022 2021 2020
H3q EUR (Net) 15.05 2.99 -6.80 7.93 -9.31
MSCI AC Asia Pacific Ex Japan High Dividend Yield NR 19.10 13.62 -2.95 14.74 -7.02
Asia-Pacific ex-Japan Equity Income - OE 15.25 4.36 -8.35 11.40 2.36
Calendar Year Returns (%)
Year H3q EUR (Net) Index
2024 15.05 19.10
2023 2.99 13.62
2022 -6.80 -2.95
2021 7.93 14.74
2020 -9.31 -7.02
2019 22.54 16.71
2018 -6.86 -6.53
2017 13.86 20.32
2016 5.39 9.95
2015 1.31 1.18
2014 16.46 17.39
2013 0.19 -0.83
2012 22.37 20.74
2011 -10.37 -12.55
2010 21.69 26.65
2009 50.08 68.24
2008 from 03/03/2008 -31.66 -40.60
The H3q EUR share class was launched on 14/10/2013. Performance prior to that date is past performance based on the A2 EUR share class of the same fund which has a different current ongoing charge included of 1.94.
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.
© 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.

Recommended holding period 5 Years

Example Investment: EUR 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 costs2,480 EUR2,580 EUR
Average return each year-75.23%-23.74%
UnfavourableWhat you might get back after costs7,750 EUR8,720 EUR
Average return each year-22.50%-2.71%
ModerateWhat you might get back after costs9,940 EUR10,550 EUR
Average return each year-0.58%1.07%
FavourableWhat you might get back after costs12,220 EUR13,210 EUR
Average return each year22.21%5.73%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 5.00%
Annual Charge 0.60%
Ongoing Charge
(As of 31/12/2024) 		1.15%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI AC Asia Pacific ex Japan High Dividend Yield Index
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 31/03/2025)
% of Fund
China Construction Bank 3.72
United Overseas Bank 3.58
Oversea-Chinese Banking 3.48
Taiwan Semiconductor Manufacturing 3.40
Macquarie Korea Infrastructure Fund 2.98
Alibaba Group 2.79
First Pacific 2.78
China CITIC Bank 2.75
Tencent 2.69
MediaTek 2.57
TOTAL 30.73
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

Documents

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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.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • 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.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • In addition to income, this share class may distribute realised and unrealised capital gains and original capital invested. Fees, charges and expenses are also deducted from capital. Both factors may result in capital erosion and reduced potential for capital growth. Investors should also note that distributions of this nature may be treated (and taxable) as income depending on local tax legislation.
  • 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, you may wish to consult a financial adviser.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • 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.
  • You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • 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 2138007FE4OKZYPJNV91.

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