Notification of changes to the underlying funds of various Janus Henderson funds
27 Oct 2025
Notification of changes to the underlying funds of:
- P61 Janus Henderson Horizon Asia-Pacific Property Income
- H41 Janus Henderson Horizon Asia-Pacific Property Income*
- P63 Janus Henderson Horizon Pan European Mid and Large Cap (USD)
- Z53 Janus Henderson Horizon Pan European Mid and Large Cap (USD)*
(together the “Affected Mirror Funds")
The underlying funds of the Affected Mirror Funds currently promote environmental and/or social characteristics pursuant to Article 8 of the EU's Sustainable Financial Disclosure Regulation ("SFDR"). We have been notified by Janus Henderson Horizon Fund (the Company") of updates to the sustainable investment and governance policy descriptions under the SFDR pre-contractual disclosures for the underlying funds of the Affected Mirror Funds. This took effect 23 October 2025 (the"Effective Date").
Update of the sustainable investment description under the SFDR pre-contractual disclosures
The disclosures regarding the assessment of sustainable investments will be refined to provide a more accurate description of the existing methodology for the Article 8 underlying funds of the Affected Mirror Funds that has adopted a commitment to invest a minimum percentage of its net asset value in sustainable investments.
The criteria of “revenue-mapping to UN Sustainable Development Goals” for assessing positive contribution to environmental or social objectives will be clarified to having “business activity, defined as a minimum 20% of revenue, positively contributes to environmental and/or social objectives, which may include but are not limited to, alternative energy, energy efficiency, pollution prevention, nutrition, sanitation, and education.”.
Further, the below disclosure under the section “What is the policy to assess good governance practices of the investee companies?” of the SFDR pre-contractual disclosures will be removed because it is not reflective of the existing methodology:
“The Investment Manager uses third-part data and/or analysis, including the MSCI ESG Controversies methodology, to assess good governance practices of the investee companies. Accordingly, an MSCI ESG Rating of BB or higher generally indicates good governance.”
The above changes are purely clarification refinements of the existing methodology applied to the underlying funds of the Affected Mirror Funds and there is no change to the underlying methodology itself, nor is there any impact to the portfolios.
Update of the good governance policy description under the SFDR pre-contractual disclosures
As the Company wants to provide investors with a more comprehensive description of the existing policy of how investee companies are assessed for good governance practices for all existing Article 8 and Article 9 underlying funds under SFDR, the following disclosure will be added under the section “What is the policy to assess good governance practices of the investee companies?” of the SFDR pre-contractual disclosures for the underlying funds of the Affected Mirror Funds:
“The Investment Manager has developed a proprietary framework based on the internal analysis and data from external vendors to assess securities on specific indicators relating to good governance.”
This is purely a clarification refinement of the existing good governance assessment methodology applied to the underlying funds of the Affected Mirror Funds and there is no change to the underlying methodology itself, nor is there any impact to the portfolios.
Please refer to the Appendix opposite for the changes to the pre-contractual disclosures.
These changes have automatically happened so impacted policyholders do not need to take any action. We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.
The changes described above do not have any material impact on investors or on the risk profile, investment strategy, or portfolio construction of the underlying funds of the Affected Mirror Funds.
Should you have any questions regarding this change, please contact the Investment Marketing Team.
*Fund applicable to Hong Kong designated policyholders.
