Fact sheet: Fidelity Jap Val Plc

Fund information
Fund name
Fidelity Japanese Values PLC
Fund manager company
Fidelity (FIL Invt Intl)
Fund type
Investment Trust
Fund managers
  • Nicholas Pricesince 09/01/2015
Fund objective
This fund aims to achieve long-term capital growth by investing primarily in small and medium-sized Japanese companies. The portfolio’s benchmark is the Russell/Nomura Mid Small Cap Price Index. For liquidity reasons, the portfolio may also be invested in larger companies.
Benchmark
  • Russell Nomura Mid-Small Index
Investment style
Value
Investment method
No data available.
Quick stats
1 Year return
28.1%
1 Year rank in sector
2/5
Sector
IT Japanese Smaller Companies
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.
1.52%
Fund size
£148m
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.
139
Mid price
108.875
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
127.01
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-14.28
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
125
Top in this sector
Fund name1 Year
Baillie Giff Shin Nippon PLC30.4%
Fidelity Jap Val Plc28.1%
JPM Jap SmCos Tr25.1%
Atlantis Japan Growth23.3%
Prospect Japan Ltd17.5%
...more in IT Japanese Smaller Companies

Performance snapshot

Holdings snapshot

  • Japan124.6%
    Not Specified-24.6%
  • Consumer Discretionary41.3%
    Industrials22.1%
    Health Care15.1%
    Information Technology14.1%
    Financials9.8%
  • Japanese Equities124.6%
    Alternative Investment Strategies-24.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%9.7%9.4%28.1%63.1%103%
Sector-1%13.5%12.8%28.3%70.2%129.9%
Rank within sector2 / 54 / 55 / 52 / 53 / 53 / 5
Quartile2nd4th4th2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund7.3%17%20.5%-39.5%
Sector13.1%11.2%27%0.2%38%
Rank within sector5 / 52 / 53 / 53 / 53 / 5
Quartile4th2nd3rd3rd3rd
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.
0.3
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.
0.83
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.
0.77
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%.
13.92
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.
7.79
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.
0.7
Price movement
52 week high112.25
52 week low83
Current bid price108.5
Current offer price109.25
Current mid price108.88
Region
1Japan124.6%
2Not Specified-24.6%
Industry sector
1Consumer Discretionary41.3%
2Industrials22.1%
3Health Care15.1%
4Information Technology14.1%
5Financials9.8%
6Materials9.2%
7Telecommunications Utilities6.3%
8Consumer Staples3.9%
9Real Estate2.9%
Asset type
1Japanese Equities124.6%
2Alternative Investment Strategies-24.6%
Individual holdings
1SOFTBANK GROUP CORP6.3%
2MITSUBISHI UFJ FINANCIAL GROUP6.2%
3NIPPON SHINYAKU CO5.3%
4YAMAHA MOTOR CO4.7%
5NISSAN CHEMICAL INDUSTRIES4.2%
6MITSUBISHI ELECTRIC CORP4.1%
7RYOHIN KEIKAKU CO3.7%
8YONEX CO3.5%
9SUZUKI MOTOR CORP3.4%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity (FIL Invt Intl)
Fund type
Investment Trust
Fund objective
This fund aims to achieve long-term capital growth by investing primarily in small and medium-sized Japanese companies. The portfolio’s benchmark is the Russell/Nomura Mid Small Cap Price Index. For liquidity reasons, the portfolio may also be invested in larger companies.
Benchmark
  • Russell Nomura Mid-Small Index
Investment style
Value
Investment method
No data available.
Fund managers
NameSinceBiography
Nicholas Price09/01/2015Nicholas Price has worked at Fidelity Investments Japan as portfolio manager since 1999 where he also manages the FF Japan Aggressive, FIJ Aggressive Growth Fund and the Fidelity Japan Growth Fund using a GARP investment style. Nicholas has 22 years of investment experience. He graduated from Cambridge University with a BA in History and International Relations and has an MA in Japanese from Keio University. Nicholas is fluent in Japanese and is permanently based in Tokyo.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Fidelity Japanese Values PLC
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price127.01
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJGG
Fidelity Japanese Values PLC Sub
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.25
Offer price1.5
Mid price0.875
CurrencyGBX
Price updated02/05/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeKTRS
Data provided by

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