Fact sheet: Fidelity Institutional Japan

Fund information
Fund name
Fidelity Institutional Japan
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Yoshimi Hashimotosince 01/03/2004
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in Japanese company shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies.Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • Topix (NUK) Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
28.1%
1 Year rank in sector
33/45
Sector
UT 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.
0.88%
Fund size
£362m (£359m last year)
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.
123
Mid price
262.9
Top in this sector
Fund name1 Year
M&G Japan45.6%
Neptune Jap Inst45.3%
Henderson Japan Opportunities44.7%
Man GLG Japan Core Alpha44%
Baillie Gifford Japanese42.4%
...more in UT Japan

Performance snapshot

Holdings snapshot

  • Japan99.5%
    Money Market0.5%
  • Machinery20.5%
    Electronic & Electrical Equipment18%
    Others13.7%
    Communications10.4%
    Insurance6.5%
  • Japanese Equities99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%5.8%6.8%28.1%54.2%82.2%
Sector-0.2%3.2%8%31.2%66.8%85%
Rank within sector34 / 465 / 4632 / 4633 / 4536 / 4017 / 37
Quartile3rd1st3rd3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund6.3%18.1%11.8%0.5%31.7%
Sector4.4%24%15.8%0.8%26.2%
Rank within sector6 / 4642 / 4540 / 4228 / 4011 / 37
Quartile1st4th4th3rd2nd
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.
-2.37
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.
1.03
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.
0.79
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%.
13.32
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.
3.31
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.
-0.61
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.
0.94
Price movement
52 week high270.8
52 week low194
Current bid price-
Current offer price-
Current mid price262.9
Region
1Japan99.54%
2Money Market0.46%
Industry sector
1Machinery20.55%
2Electronic & Electrical Equipment18.04%
3Others13.74%
4Communications10.37%
5Insurance6.46%
6Retail6.42%
7Chemicals5.9%
8Banks5.21%
9Wholesale5.06%
Asset type
1Japanese Equities99.54%
2Money Market0.46%
Individual holdings
1SOFTBANK GROUP CORP6.1%
2MAKITA CORP4.71%
3KEYENCE CORP4.32%
4DISCO CORP3.99%
5DAIKIN INDUSTRIES3.97%
6NIDEC CORP3.69%
7MITSUBISHI UFJ FINANCIAL GROUP3.52%
8SMC CORP3.46%
9ORIX CORP3.18%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in Japanese company shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies.Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • Topix (NUK) Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Yoshimi Hashimoto01/03/2004Yoshimi Hashimoto joined Fidelity in 1994, working as a Technical Analyst at the company's Boston office. Between1995 & 1997, she occupied the same position in Fidelity's Tokyo office. She was promoted to Portfolio Manager in 1998. Prior to joining Fidelity she was a Currency Strategist with Daido Mutual Life Insurance Company. Yoshimi holds an MBA from Columbia Business School.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Denmark, Finland, France, United Kingdom, Guernsey, Ireland, Netherlands, Norway, Sweden
Fidelity Institutional Japan
Initial charge-
Annual charge0.8%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price262.9
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFI29
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.