Fact sheet: Fidelity Jap Sm Cos

Fund information
Fund name
Fidelity Japan Smaller Companies A JPY
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Jun Tanosince 31/03/2006
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of smaller and emerging companies in Japan, including those listed on regional stock exchanges in Japan and on the Tokyo over the counter market. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. 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. 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
  • Russell Nomura Mid Small Cap
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-8.8%
1 Year rank in sector
14/14
Sector
FO Equity - Small Cap 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.
1.95%
Fund size
£20,446m (£24,530m 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.
132
Top in this sector
Fund name1 Year
BNY Mellon Jpn Sml Cap Eq33.8%
Aberdeen Gbl JapseSmCos22.7%
PineBridge Japn Sm Cap Eq15.3%
Henderson HzJpneseSmCos15.2%
Invesco Nippon SmMid Cap Eq12%
...more in FO Equity - Small Cap Japan

Performance snapshot

Holdings snapshot

  • Japan97.4%
    Money Market2.6%
  • Others19.2%
    Machinery15.7%
    Retail12.2%
    Electronic & Electrical Equipment10.3%
    Chemicals7.9%
  • Japanese Equities97.4%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%11%3.2%-8.8%25.4%124.3%
Sector1.8%10.5%7%3.5%39.8%125.1%
Rank within sector7 / 148 / 1410 / 1414 / 1410 / 116 / 11
Quartile2nd3rd3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-5.4%15.3%10.2%62.1%16.4%
Sector5.2%14.9%11.6%49%12.1%
Rank within sector14 / 146 / 129 / 122 / 116 / 11
Quartile4th2nd3rd1st3rd
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.
-4.82
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.
1.25
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.
0.32
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%.
17.46
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.
7.69
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.
-0.33
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.
0.84
Price movement
52 week high2057
52 week low1549
Current bid price-
Current offer price-
Current mid price1871
Region
1Japan97.4%
2Money Market2.6%
Industry sector
1Others19.2%
2Machinery15.7%
3Retail12.2%
4Electronic & Electrical Equipment10.3%
5Chemicals7.9%
6Wholesale7.9%
7Pharmaceuticals7.2%
8Communications5.1%
9Textiles & Apparel4.2%
Asset type
1Japanese Equities97.4%
2Money Market2.6%
Individual holdings
1MAKITA CORP4.58%
2DISCO CORP3.68%
3NIPPON SHINYAKU CO3.52%
4SHIMADZU CORP3.43%
5MISUMI GROUP INC3.41%
6SUMITOMO ELECTRIC INDUSTRIES2.94%
7NIFCO INC2.79%
8NITORI HLDGS CO LTD2.71%
9SUZUKI MOTOR CORP2.56%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of smaller and emerging companies in Japan, including those listed on regional stock exchanges in Japan and on the Tokyo over the counter market. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. 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. 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
  • Russell Nomura Mid Small Cap
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jun Tano31/03/2006Jun Tano was born in Japan in 1962. He attended the Wharton School of the University of Pennsylvania where he obtained his MBA. Jun started his career as an analyst for Meiji Life Insurance company in Tokyo in 1986. He became a portfolio manager in 1989 in the American office before joining the London office in 1992. He returned to Tokyo in 1999. Jun joined Fidelity in 2001 as an equity analyst, having previously developed extensive experience of the Japanese equity market. Jun's portfolio management experience now totals almost 16 years and his very strong investment background has already proven beneficial, as Jun has shown himself to be adept at uncovering attractive investment opportunities in the small to mid-cap investment space.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China, South Africa
Fidelity Japan Smaller Companies A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.9
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8LZ
Fidelity Japan Smaller Companies A Hedged Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.73
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFLL
Fidelity Japan Smaller Companies A JPY
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price1871
CurrencyJPY
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ43
Fidelity Japan Smaller Companies Y Acc JPY
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price1773
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFK4
Fidelity Japan Smaller Companies Y Hedged Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.53
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8ZY
Data provided by

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