Please ensure Javascript is enabled for purposes of website accessibility Horizon Global Smaller Companies Fund - Janus Henderson Investors - Europe PI Sweden
{{banner.link_text}}
For individual investors in Sweden

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
LU1983261865

NAV
USD 41.52
As of 20/12/2024

1-Day Change
USD -0.47 (-1.12%)
 As of 20/12/2024

Morningstar Rating

As of 30/11/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI World Small Cap Index, after the deduction of charges, over any 5 year period.

More

The Fund invests at least 80% of its assets in shares (equities) and equity-related securities of smaller companies, in any industry, in any country.
The Fund may also invest in other assets including cash and money market instruments.
The Investment Manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI World Small Cap Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance 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.

Less

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.

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

RATINGS AND AWARDS

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
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 30/11/2024
H2 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
H2 USD (Net) 5.27 25.59 35.42 9.74 14.87 - 15.94
MSCI World Small Cap NR 6.46 15.01 26.08 3.90 8.48 - 9.68
Global Small/Mid-Cap Equity - OE 3.96 9.86 19.04 0.52 6.93 - 8.20
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 2024. 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 30/09/2024
H2 USD (Net) MSCI World Small Cap NR Global Small/Mid-Cap Equity - OE
YTD 2023 2022 2021 2020 Performance Inception
06/08/2019
H2 USD (Net) 20.78 26.97 -19.11 23.00 21.02 14.40
MSCI World Small Cap NR 11.02 15.76 -18.76 15.75 15.96 12.61
Global Small/Mid-Cap Equity - OE 9.72 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 2024. 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 USD1,250 USD
Average return each year-85.24%-34.01%
UnfavourableWhat you might get back after costs7,040 USD8,340 USD
Average return each year-29.56%-3.57%
ModerateWhat you might get back after costs10,120 USD14,520 USD
Average return each year1.25%7.74%
FavourableWhat you might get back after costs18,100 USD20,450 USD
Average return each year80.97%15.38%
This chart shows the fund’s performance as the percentage loss or gain per year over the last 5 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 30/09/2024
H2 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 2024. 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 0.60%
Ongoing Charge
(As of 30/06/2023) 		1.11%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI World Small Cap Index
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
In the sweet spot for global small caps? Investor questions answered
11 Oct 2024
Timely & Topical

In the sweet spot for global small caps? Investor questions answered

Global small caps offer investors long-term returns potential. Here we summarise the views of our small cap experts to questions from investors.

8 min read

Japanese smaller companies: An active approach key to identify growth catalysts
13 Sep 2024
Timely & Topical

Japanese smaller companies: An active approach key to identify growth catalysts

Strong performance from Japanese larger companies is setting the scene for small and mid-cap stocks to shine given their potential for relatively higher growth.

6 min read

Big tobacco: up in smoke?
25 May 2023
Timely & Topical

Big tobacco: up in smoke?

The future of the tobacco industry and the implications for European investors.

6 min read

  • 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.
  • The Fund follows a value investment style that creates a bias towards certain types of companies. This may result in the Fund significantly underperforming or outperforming the wider market.
  • 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.
  • 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.

Choose region

Country

Language

What type of investor are you?