Fact sheet: Eastspring Inv Japan Sm Cos

Fund information
Fund name
Eastspring Inv Japan Smaller Companies Rj JPY
Fund manager company
Eastspring Investments (Lux) S
Fund type
Offshore Fund
Fund manager
  • Max Godwinsince 26/03/2008
Fund objective
This Sub-Fund aims to maximize long-term capital appreciation by investing primarily in equity and equity-related securities of corporations, which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue from Japan. The investment universe is the bottom third in terms of total market capitalisation of all publicly listed equity in Japan, usually with a market capitalization of under ¥300bn. The Sub-Fund may also invest in medium sized and larger companies in order to enhance its liquidity. The Sub-Fund may also invest in depository receipts including ADRs and GDRs, debt securities convertible into common shares, preference shares and warrants.
Benchmark
  • Russell Nomura Mid-Small Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
11.7%
1 Year rank in sector
23/109
Sector
FO Equity - Japan
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.16%
Fund size
£18,267m
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.
122
Top in this sector
Fund name1 Year
Eastspring Inv JapFdVal34.6%
GAM Star Jap Eq32.3%
Lindsell Train Japnse Eq30%
Russell IC Japan Equity28.1%
JOHCM Japan27%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan97%
    Money Market3%
  • Industrials28.2%
    Financials23%
    Consumer Discretionary22.2%
    Technology10.1%
    Materials6.6%
  • Japanese Equities97%
    Money Market3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund14.7%21.3%22.9%11.7%--
Sector5%8.3%11.2%2.4%25.1%92.6%
Rank within sector6 / 1172 / 11710 / 11623 / 109--
Quartile1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund14.1%----
Sector3.4%11.8%4.1%43.2%13.9%
Rank within sector19 / 110----
Quartile1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1059
52 week low770
Current bid price1075
Current offer price1075
Current mid price-
Region
1Japan97%
2Money Market3%
Industry sector
1Industrials28.2%
2Financials23%
3Consumer Discretionary22.2%
4Technology10.1%
5Materials6.6%
6Communications5.9%
7Money Market3%
8Consumer Staples1%
Asset type
1Japanese Equities97%
2Money Market3%
Individual holdings
1SANKYO ALUMINIUM INDUSTRY CO4.06%
2IBJ LEASING CO LTD3.61%
3TOSHIBA TEC CORP3.36%
4SUMITOMO HEAVY INDUSTRIES3.2%
5JSR CORP3.15%
6ROHM CO3.06%
7CREDIT SAISON CO3.03%
8YAMAHA MOTOR CO3.02%
9SUMITOMO REAL ESTATE SALE2.91%
Management
Fund manager group
No data available.
Fund manager company
Eastspring Investments (Lux) S
Fund type
Offshore Fund
Fund objective
This Sub-Fund aims to maximize long-term capital appreciation by investing primarily in equity and equity-related securities of corporations, which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue from Japan. The investment universe is the bottom third in terms of total market capitalisation of all publicly listed equity in Japan, usually with a market capitalization of under ¥300bn. The Sub-Fund may also invest in medium sized and larger companies in order to enhance its liquidity. The Sub-Fund may also invest in depository receipts including ADRs and GDRs, debt securities convertible into common shares, preference shares and warrants.
Benchmark
  • Russell Nomura Mid-Small Index
Investment style
Value
Investment method
Shares
Fund manager
NameSinceBiography
Max Godwin26/03/2008Max Godwin joined the Japan equity team in 2007 and co-managed the M&G Japan Smaller Companies Fund until April 2010, at which time he assumed sole responsibility of the fund. Max previously worked for Pi Investments (HK), as a senior analyst and co-portfolio manager. Prior to that, Max was a founding partner and analyst for OAL Advisors, advisors to the Rockhampton Fund, Tokyo. Preceding that Max was a small/mid cap equity analyst with Cazenove & Co (Japan), Tokyo. Max is fluent in written and spoken Japanese, and has over 15 years' investment experience covering Japanese equities. Max graduated from the London School of Economics, and holds a BSc in economics. He is also a UK qualified chartered accountant.
Compliance
Distributor Status, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Luxembourg, Offshore, Taiwan - Province Of China, United Arab Emirates
Eastspring Inv Japan Smaller Companies A
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.1%
Bid price24.872
Offer price24.872
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDUM4
Eastspring Inv Japan Smaller Companies Bj JPY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.12%
Bid price1432
Offer price1432
Mid price-
CurrencyJPY
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5XO
Eastspring Inv Japan Smaller Companies Cg GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price14.081
Offer price14.081
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5XP
Eastspring Inv Japan Smaller Companies Cj JPY
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.93%
Bid price2664
Offer price2664
Mid price-
CurrencyJPY
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI33B
Eastspring Inv Japan Smaller Companies D USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price12.125
Offer price12.125
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN9TG
Eastspring Inv Japan Smaller Companies Edy USD
Initial charge5%
Annual charge-
Min single investment£250,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.06%
Bid price25.287
Offer price25.287
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDUM5
Eastspring Inv Japan Smaller Companies Rg GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.15%
Bid price14.031
Offer price14.031
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMTFN
Eastspring Inv Japan Smaller Companies Rj JPY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price1075
Offer price1075
Mid price-
CurrencyJPY
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN5XQ
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