For investors in Singapore

Horizon Pan European Absolute Return Fund

ISIN
LU0264597617

NAV
EUR 19.81
As of 2025/01/30

1-Day Change
EUR 0.03 (0.15%)
As of 2025/01/30

Morningstar Rating

As of 2024/12/31

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period, and particularly over the shorter term the Fund may experience periods of negative returns. Consequently your capital is at risk.

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The Fund invests at least two-thirds of its total assets in shares or equity-related instruments of companies, which are domiciled in or derive most of the revenue from Europe (including UK). The Fund makes extensive use of derivatives (complex financial instruments) to take both ‘long’ and ‘short’ positions in the companies and may invest in companies of any size, in any industry.

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Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

Portfolio Management

Robert Schramm-Fuchs

Portfolio Manager

Industry since 2005. Joined Firm in 2014.

Performance

Cumulative & Annualised Performance (%)
As of 2024/12/31
A2 EUR (With Sales Charge)* Euro Short Term Rate A2 EUR (Net)
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
2006/12/01
A2 EUR (With Sales Charge)* -3.57 -6.91 -5.00 2.80 2.80 0.91 2.94 2.07 3.47
Euro Short Term Rate 0.26 0.82 1.76 3.77 3.77 2.34 1.34 0.67 -0.63
A2 EUR (Net) 1.51 -2.01 0.00 8.21 8.21 2.65 4.00 2.60 3.76

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 costs5,470 EUR5,420 EUR
Average return each year-45.34%-11.53%
UnfavourableWhat you might get back after costs8,480 EUR9,380 EUR
Average return each year-15.16%-1.28%
ModerateWhat you might get back after costs9,700 EUR10,680 EUR
Average return each year-2.98%1.33%
FavourableWhat you might get back after costs11,010 EUR12,750 EUR
Average return each year10.08%4.98%
Fee Information
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2023/06/30)
1.88%
Performance Fee 20% of the 'Relevant Amount'
Hurdle Rate Euro Short Term Rate (€STR) +1%

Portfolio

Top Holdings (As of 2024/12/31)
% of Fund
Erste Group Bank 4.03
Deutsche Bank 3.91
UniCredit 3.11
Pandora 3.05
Nemetschek 2.98
KBC Group 2.87
FinecoBank Banca Fineco 2.75
IMCD 2.74
Hermes International SCA 2.57
Mueller Industries 2.51

Documents