Fact sheet: CMI Japan Eq Index Tracking

Fund information
Fund name
CMI Japan Equity Index Tracking DC1 NAV
Fund manager company
Lemanik Asset Management S.A
Fund type
Offshore Fund
Fund manager
  • Ian MacDonaldsince 01/09/2011
Fund objective
The Fund aims to achieve long-term capital growth by investing in a diversified portfolio of equities or equity related securities listed on FTSE-All World Japan index and wherever possible, in proportion to their weighting in that index. The aim of the Fund will be to mirror, as closely as possible, the capital performance of the index.
Benchmark
  • FTSE Japan
Investment style
Passive/Tracking
Investment method
Shares, Physical - Full
Quick stats
1 Year return
-3.5%
1 Year rank in sector
74/110
Sector
FO Equity - Japan
Yield
-
Fund size
£464m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
128
Top in this sector
Fund name1 Year
Lindsell Train Japnse Eq50.1%
GAM Star Jap Eq50.1%
RWC NissayJaFo49.3%
GS Jap Eq Part Pfl44.5%
Aberdeen Gbl Japanese Eq43.4%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan99%
    USA1.1%
  • Cyclical Consumer Goods18.9%
    Industrials17.9%
    Financial Services12.7%
    Technology12.4%
    Consumer Staples8.6%
  • Japanese Equities98.1%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.5%9.7%-0.4%-3.5%12.1%86.1%
Sector4.1%9.3%6.4%3.9%17.7%77.1%
Rank within sector92 / 11652 / 11680 / 11374 / 11051 / 9126 / 84
Quartile4th2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-13.4%13.3%6.5%53.4%20.4%
Sector-3.5%11.8%4.1%43.2%13.9%
Rank within sector87 / 11138 / 10340 / 9317 / 8817 / 84
Quartile4th2nd2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.12
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.23
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
16.99
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.83
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.08
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.9
Price movement
52 week high836.27
52 week low620.07
Current bid price-
Current offer price-
Current mid price696.59
Region
1Japan98.95%
2USA1.05%
Industry sector
1Cyclical Consumer Goods18.91%
2Industrials17.92%
3Financial Services12.65%
4Technology12.35%
5Consumer Staples8.6%
6Health Care7.97%
7Telecommunications Utilities6.58%
8Basic Materials6.29%
9Real Estate5.14%
Asset type
1Japanese Equities98.08%
2Money Market1.92%
Individual holdings
1TOYOTA MOTOR CORP5.22%
2MITSUBISHI UFJ FINANCIAL GROUP2.34%
3KDDI CORP2.02%
4SOFTBANK GROUP CORP1.9%
5HONDA MOTOR CO1.56%
6SUMITOMO MITSUI FINANCIAL GROUP INC1.53%
7JAPAN TOBACCO INC1.51%
8SONY CORP1.42%
9MIZUHO FINANCIAL GROUP1.36%
Management
Fund manager group
Lemanik Asset Management
Fund manager company
Lemanik Asset Management S.A
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve long-term capital growth by investing in a diversified portfolio of equities or equity related securities listed on FTSE-All World Japan index and wherever possible, in proportion to their weighting in that index. The aim of the Fund will be to mirror, as closely as possible, the capital performance of the index.
Benchmark
  • FTSE Japan
Investment style
Passive/Tracking
Investment method
Shares, Physical - Full
Fund manager
NameSinceBiography
Ian MacDonald01/09/2011Ian joined Insight in July 2003 as a quantitative and risk analyst. In October 2006 he transferred to the financial solutions group with responsibility for index replication. After graduating in 1998, Ian joined the WM Company as a quantitative analyst and was responsible for the implementation and maintenance of their 'Relative Risk Service'. Ian holds a MA honours degree in statistics from Aberdeen University.
Compliance
Distributor Status, FE Passive Rateable, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Luxembourg, Offshore
CMI Japan Equity Index Tracking DC1 NAV
Initial charge8.5%
Annual charge0.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price696.594
CurrencyJPY
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIM81
CMI Japan Equity Index Tracking DC2
Initial charge-
Annual charge0.23%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price696.251
CurrencyJPY
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFDGM
CMI Japan Equity Index Tracking DC3
Initial charge-
Annual charge0.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price695.931
CurrencyJPY
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFDGN
Data provided by

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