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Various changes – Janus Henderson Horizon funds

With effect from 1 July 2020, Janus Henderson will make a number of changes to its Horizon fund range, amending the fund name, objective and/or investment policy of various funds.

Impacts on
these defined fund range products

Impacts on
open architecture products, including:

  • PIMS
  • Choice
  • Select

Funds available in our open-architecture products

All the Janus Henderson Horizon funds affected by the changes are available to invest in via our open-architecture products.


Please refer to the Janus Henderson notification opposite for full details of the changes.


Funds available in our defined fund range products

The changes affect three funds in our defined fund ranges Oracle, Paragon, Quantum, Quantum Malaysia, Regular Savings Plan and Regular Savings Plan Malaysia - the Janus Henderson Horizon Global Technology fund, Janus Henderson Horizon Asia Pacific Property Equity fund and the Janus Henderson Horizon Pan European Alpha fund.


A comparison of the current fund name, investment objective and policy and the revised changes that will be applied to each fund are detailed in the table below.


You can view a copy of the Janus Henderson notification document opposite for more detailed information.


For more information about Janus Henderson Investors visit www.janushenderson.com/lupi


Current fund name - Janus Henderson Horizon Global Technology

New fund name - Janus Henderson Horizon Global Technology Leaders

No change to objective or investment policy.

No change to objective or investment policy.



Current fund name - Janus Henderson Horizon Asia-Pacific Property Equities

New fund name - Janus Henderson Horizon Asia-Pacific Property Income

Current objective and investment policy:

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

Performance target: To outperform the FTSE EPRA Nareit Pure Asia Total Return Net Dividend Index, after the deduction of charges, over any 5 year period.


The fund invests at least 75% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of real estate investment trusts (REITs) and companies, which invest in property, in the Asia Pacific region. Securities will derive the main part of their revenue from owning, developing and managing real estate.


The fund is actively managed with reference to the FTSE EPRA Nareit Pure Asia Total Return Net Dividend Index, which is broadly

representative of the securities 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.

New objective and investment policy:

The fund aims to provide a sustainable level of income, with a dividend yield higher than that of the FTSE EPRA Nareit Developed Asia Dividend Plus Index, plus the potential for capital growth over the long term.


The fund will be actively managed with reference to the FTSE EPRA Nareit Developed Asia Dividend Plus Index (the “Index”), which is broadly representative of the companies in which it may invest. However, the investment manager has the discretion to choose investments for the fund with weightings different to the index or not in it, but at times the fund may hold investments similar to it.


The reference benchmark used to calculate performance fee for the Relevant Share Classes will change to FTSE EPRA Nareit Developed Asia Dividend Plus Index.


Policyholders, or their appointed investment advisers, who are currently investing in the Asia-Pacific Property Equity fund via one of our defined fund range products have been written to informing them of the change to the objective and investment policy, and their options for switching to a new fund if they prefer. Samples of letters issued can be viewed opposite.


Current fund name - Janus Henderson Horizon Pan European Alpha

New fund name - Janus Henderson Horizon Pan European Absolute Return

Current objective and investment policy:

The fund objective is to seek long term capital appreciation through exposure primarily to European equities.


At least two thirds of the fund’s total assets (after deduction of cash) will be invested in equity securities and equity related instruments (excluding convertible debt securities) of companies that are domiciled in Europe (including the UK) or derive the majority of their revenue from business activities in this region.

Clarification to objective and investment policy:

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.


Typically, at least two-thirds of the exposure to the long and short positions (in aggregate) will be to companies of any size, in any industry, in Europe (including UK).


The investment manager targets long-term capital appreciation through exposure primarily to European equities. The manager selects stocks using a fundamental approach, blended with sector themes. The process results in a high-conviction portfolio with a bias towards long positions (where the manager believes the prospects for the companies are positive), complimented by 'short positions' (where prospects are less positive) and other market hedging securities.


Sample letters