Henderson
Horizon
JAPAN OPPORTUNITIES FUND
A2 USD
Fund facts at 30 April 2017
Structure
Luxembourg SICAV
Fund manager
Japanese Equity Team
Fund Launch date
1 July 1985
Share class launch date
31 July 1985
Base currency
JPY
Key investment risks to be considered before investing
• The Fund primarily invests in equity and equity related securities of Japanese companies across a variety of sectors. The Fund is not
restricted in the size of the companies in which it can invest.
• Fund’s investment returns are denominated in Yen. US/HK dollar-based investors are exposed to fluctuations in the US/HK dollar/Yen
exchange rate.
• Investments in the Fund are exposed to varying degree of risks to economic, political, regulatory and social development changes in
Japan.
• Fund’s investment focus on a single country may carry higher concentration risk and market volatility, including liquidity risks for
investments in smaller companies, than funds following a more diversified policy.
• Investments in the Fund involve investment risks (eg. market, legal, financial, interest rate, etc). In extreme market conditions, you may
lose your entire investment in the Fund.
Note: Investors should not only base on marketing material alone to make investment decisions. Investors are advised
to read the Prospectus, Hong Kong Covering Document and Key Facts Statement of the Fund for more details of the
investment risks.
Benchmark
About the fund
Tokyo SE First Section Index
(TOPIX)
The investment objective of the Japan Opportunities Fund is to seek long-term capital appreciation by investing primarily in
equity and equity related securities of Japanese companies across a variety of sectors. The Fund is not restricted in the size of
the companies in which it can invest.
Please note that as of 1 April 2015, the Henderson Japanese Equity Fund changed its name, investment policy and
benchmark to become the Henderson Horizon Japan Opportunities Fund. With effect from 17 November 2014, the
base currency of the fund changed from USD to JPY. As of 1 October 2014, the Henderson Japanese Equity Team
took over management of this fund.
Minimum investment (USD)
2,500
Fund size (JPY)
5.28bn
No of holdings
30
Performance in USD
Percentage growth, 30 Apr 12 to 30 Apr 17.
NAV (USD)
Trading Frequency
Daily
A2 USD (Acc) Codes
ISIN: LU0011889929
Bloomberg: HENJPDI LX
Ratings
160
Indexed Performance
A2 (Acc): 15.75
145
130
100
Morningstar rating: ★★★★
Source: Morningstar,
at 30 April 2017
Published NAV:
• South China Morning Post
• Hong Kong Economic Times
Fee
Apr
12
Apr
13
Apr
14
Apr
15
Apr
16
Apr
17
Henderson Horizon Japanese Opportunities Fund A2 USD
Tokyo SE First Section (TOPIX)
Index
1 month
YTD
1 year
5 years
Since inception
1.2
6.1
25.5
52.5
217.5
1.2
6.4
11.7
50.6
419.2
Discrete year performance
(Calendar year) % change
2016
2015
2014
2013
2012
A2
(Acc)
Index
8.9
13.2
-5.4
30.1
2.6
3.1
11.3
-3.7
27.3
8.4
Source: at 30 April 2017. ©2017 Morningstar. All rights reserved,
on a bid to bid basis, with gross income reinvested, rebased at 100.*
On 1 April 2015, the Fund changed its benchmark from the MSCI Japan Source: at 31 Dec 2016. ©2016 Morningstar. All rights reserved, on a bid
to bid basis, with gross income reinvested.*
Index to the TOPIX. The benchmark shown is the composite of the two.
Past performance is not a guide to future performance.
Management Fee: 1.2% pa
Performance Fee: 10% with High
Water Mark principle, please refer
to the prospectus for details
Initial Charge: 5%
Top 10 holdings
For further information
please visit our
website at
Country breakdown
(%)
Japan
95.5
Cash
4.5
www.henderson.com/hk
A2
(Acc)
Source: at 30 April 2017. ©2017 Morningstar. All rights reserved, on a
bid to bid basis, with gross income reinvested.*
115
85
Cumulative performance
% change
Japan Tobacco
Fujitsu
Mitsubishi UFJ Financial Group
Recruit
Murata Manufacturing
Sony
SoftBank Group
T&D
FANUC
FUJIFILM
(%) Sector breakdown
4.2
4.2
4.0
3.9
3.8
3.7
3.6
3.5
3.4
3.3
Consumer Discretionary
Information Technology
Financials
Industrials
Consumer Staples
Real Estate
Materials
Telecommunication Services
Health Care
Energy
(%)
21.7
17.7
16.3
13.0
7.1
5.6
4.2
3.6
3.3
3.1
Important Information
*The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete,
or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
•The information contained in this document and key statement has not been reviewed by the SFC. Investors should read the prospectus/offering document and Key Facts Statement
before deciding whether to invest in the units of the Fund, a copy of which may be obtained from the Hong Kong representative’s office (RBC Investor Services Trust Hong Kong
Limited, Tel: +852 2978 5793) and the participating distributors’ offices.
•The value of the units and the income from the Fund may fall as well as rise. Past performance or any forecast made is not necessarily indicative to the future or likely performance of
the Fund. Investments in and the rate of return for the Fund are not obligations of, deposits in, guaranteed or insured by Henderson Global Investors or any of its affiliates or appointed
distributors. Awards and ratings do not imply the Fund will achieve positive returns, nor indication of the prospective returns of the Fund.
•The information is strictly for information purposes only and should not be construed as an offer or solicitation to deal in the Fund. Unless otherwise stated, the source of information is
from Henderson Global Investors.
#
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by the Tokyo Stock Exchange, Inc. and the Tokyo Stock Exchange, Inc. owns all rights and
know-how relating to the TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. No Product is in any way sponsored, endorsed or
promoted by the Tokyo Stock Exchange.
Date of issue: May 2017
Issued by Henderson Global Investors (Hong Kong) Limited, Tel: +852 2905 5188