Please ensure Javascript is enabled for purposes of website accessibility Horizon Global Technology Leaders Fund - Janus Henderson Investors -
Accessibility menu is on
For Approved Qualified Domestic Institutional Investors in

Horizon Global Technology Leaders Fund

Aims to generate long-term capital growth through investment in a globally diversified portfolio of technology-related companies.

ISIN
LU0070992663

NAV
USD 213.53
As of 2025/03/20

1-Day Change
USD 2.98 (1.42%)
 As of 2025/03/20

Morningstar Rating

As of 2025/02/28

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

More

The Fund invests at least 90% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, which are technology-related or derive the main part of profits from technology, in any country.

Less

ABOUT THIS FUND

  • Seeks to uncover undervalued growth companies where the scale or persistence of earnings growth is underappreciated by the market.
  • Actively managed by a highly experienced team in the UK, with a focus on long-term trends that are shaping the future of technology.
Glossary:
Hype cycle: developed by the advisory and information technology firm Gartner, it is a graphical representation of the maturity, adoption and social application phases of emerging technologies.
DRAM: Dynamic Random Access Memory is a low-cost and high-capacity memory used in digital electronics, including the main memory in computers.
Moore’s Law: coined in 1965 by Intel co-founder Gordon E. Moore, it is the ability to roughly double the number of transistors that can fit onto a chip (aka integrated circuit) every two years.
Unless otherwise indicated, the source for all data is Janus Henderson Investors as of the publishing date of this video (06/09/2017).

Portfolio Management

Portfolio Manager
Graeme Clark

Portfolio Manager

Industry since 1994. Joined Firm in 2013.

Portfolio Manager
Alison Porter

Portfolio Manager

Industry since 1995. Joined Firm in 2014.

Portfolio Manager
Richard Clode, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2014.

Performance

Cumulative Performance (%)
As of 2025/02/28
A2 USD (Net) MSCI ACWI/Information Tech & Comm Services NR Sector Equity Technology - OE

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying %. Data ranges from -6.23 to 2204.84.
End of interactive chart.
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1996/10/15
A2 USD (Net) -6.23 -0.83 4.85 -2.84 13.95 45.87 123.20 2204.84
MSCI ACWI/Information Tech & Comm Services NR -2.43 -0.12 5.74 -1.37 19.03 47.20 138.31 1892.80
Sector Equity Technology - OE -3.91 -0.96 7.62 -0.24 12.56 20.75 80.98 863.95
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
Calendar Year Returns (%)
As of 2024/12/31
A2 USD (Net) Sector Equity Technology - OE

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying %. Data ranges from -36.4 to 50.64.
End of interactive chart.
2024 2023 2022 2021 2020
A2 USD (Net) 32.70 50.64 -35.24 17.84 40.95
Sector Equity Technology - OE 19.54 37.26 -36.40 12.13 47.75
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 2,140 USD 1,770 USD
Average return each year -78.57% -29.25%
Unfavourable What you might get back after costs 6,150 USD 12,050 USD
Average return each year -38.48% 3.80%
Moderate What you might get back after costs 11,780 USD 20,950 USD
Average return each year 17.85% 15.95%
Favourable What you might get back after costs 15,920 USD 31,580 USD
Average return each year 59.19% 25.86%
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) 		1.87%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI ACWI Information Technology Index + MSCI ACWI Communication Services 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.

Portfolio

Top Holdings (As of 2025/01/31)
% of Fund
Alphabet 8.36
Microsoft 7.77
NVIDIA 6.54
Meta Platforms 6.50
Amazon.com 5.53
Taiwan Semiconductor Manufacturing 4.89
Apple 4.08
Broadcom 3.90
Marvell Technology 3.08
Micron Technology 2.75
TOTAL 53.41
Portfolio holdings are subject to change without notice. 

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Quick View: What investors should know from NVIDIA’s GTC 2025
20 Mar 2025
Timely & Topical

Quick View: What investors should know from NVIDIA’s GTC 2025

Main learnings from NVIDIA’s annual technology conference, a notable market event highlighting the rapid progression of the AI revolution, including the investment opportunities.

5 min read

Why choose a tech fund over individual stock picking?
12 Mar 2025
Timely & Topical

Why choose a tech fund over individual stock picking?

What are the benefits of an active fund approach to investing in tech stocks compared to picking individual stocks?

10 min read

Quick View: NVIDIA still more boom than bust
27 Feb 2025
Timely & Topical

Quick View: NVIDIA still more boom than bust

Highlights from NVIDIA’s most recent earnings call and the considerations for investors.

3 min read

Choose region

AmericasAsia PacificEurope & Africa

Country

Language

What type of investor are you?