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
1.1%
1 Year rank in sector
71/110
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
£19,081m
Top in this sector
Fund name1 Year
GAM Star Jap Eq56.2%
Lindsell Train Japnse Eq55.2%
RWC NissayJaFo52.4%
Aberdeen Gbl Japanese Eq50%
GS Jap Eq Part Pfl47.7%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan99.6%
    Money Market0.4%
  • Industrials30.5%
    Consumer Discretionary21.7%
    Financials21%
    Technology11.5%
    Materials7.4%
  • Japanese Equities99.6%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%12.2%2.5%1.1%--
Sector3.9%8.6%5%6.7%17.8%75.9%
Rank within sector46 / 11620 / 11660 / 11371 / 110--
Quartile2nd1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-5.3%----
Sector-3.5%11.8%4.1%43.2%13.9%
Rank within sector59 / 111----
Quartile3rd
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 high993
52 week low770
Current bid price892
Current offer price892
Current mid price-
Region
1Japan99.6%
2Money Market0.4%
Industry sector
1Industrials30.5%
2Consumer Discretionary21.7%
3Financials21%
4Technology11.5%
5Materials7.4%
6Communications6.2%
7Consumer Staples1.3%
8Money Market0.4%
Asset type
1Japanese Equities99.6%
2Money Market0.4%
Individual holdings
1SANKYO ALUMINIUM INDUSTRY CO4.41%
2IBJ LEASING CO LTD3.7%
3SUMITOMO HEAVY INDUSTRIES3.28%
4JSR CORP3.19%
5ADVANTEST CORP3.16%
6SUMITOMO REAL ESTATE SALE3.09%
7SUMITOMO RIKO CO LTD3.02%
8TOSHIBA TEC CORP2.95%
9TOKYO TY FINANCIAL GROUP INC2.93%
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 price23.217
Offer price23.217
Mid price-
CurrencyUSD
Price updated29/09/2016
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 price1188
Offer price1188
Mid price-
CurrencyJPY
Price updated29/09/2016
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 price12.713
Offer price12.713
Mid price-
CurrencyGBP
Price updated29/09/2016
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 price2210
Offer price2210
Mid price-
CurrencyJPY
Price updated29/09/2016
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 price11.277
Offer price11.277
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN9TG
Eastspring Inv Japan Smaller Companies Edy
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 price23.517
Offer price23.517
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDUM5
Eastspring Inv Japan Smaller Companies RG
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 price12.673
Offer price12.673
Mid price-
CurrencyGBP
Price updated29/09/2016
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 price892
Offer price892
Mid price-
CurrencyJPY
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN5XQ
Data provided by

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