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
16.1%
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
£135m
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.
138
Mid price
99
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.
120.31
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.
-16.57
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.
100
Top in this sector
Fund name1 Year
Baillie Giff Shin Nippon PLC34.1%
Fidelity Jap Val Plc16.1%
JPM Jap SmCos Tr15.5%
Atlantis Japan Growth13.7%
Prospect Japan Ltd-13.8%
...more in IT Japanese Smaller Companies

Performance snapshot

Holdings snapshot

  • Japan123.1%
    Not Specified-23.1%
  • Consumer Discretionary44.4%
    Industrials17.1%
    Health Care16.3%
    Information Technology13%
    Materials11.6%
  • Japanese Equities123.1%
    Alternative Investment Strategies-23.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.8%1%12.5%16.1%35.8%85%
Sector-6.3%1.6%10.5%16.4%38.1%124.9%
Rank within sector3 / 54 / 53 / 52 / 53 / 54 / 5
Quartile3rd4th3rd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund14.1%20.5%-39.5%-1.7%
Sector10.8%27%0.2%38%12.2%
Rank within sector2 / 53 / 53 / 53 / 55 / 5
Quartile2nd3rd3rd3rd4th
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.
0.65
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.
0.94
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.
0.7
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%.
14.44
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.
7.63
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.
-0.05
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.
0.72
Price movement
52 week high107
52 week low70.5
Current bid price97.75
Current offer price99.25
Current mid price99
Region
1Japan123.1%
2Not Specified-23.1%
Industry sector
1Consumer Discretionary44.4%
2Industrials17.1%
3Health Care16.3%
4Information Technology13%
5Materials11.6%
6Financials7%
7Consumer Staples6.2%
8Telecommunications Utilities4%
9Real Estate3.4%
Asset type
1Japanese Equities123.1%
2Alternative Investment Strategies-23.1%
Individual holdings
1NISSAN CHEMICAL INDUSTRIES7.6%
2YAMAHA MOTOR CO7.6%
3NIPPON SHINYAKU CO5.4%
4KUBOTA CORP4.9%
5SOFTBANK GROUP CORP4%
6AEON FINANCIAL SERVICE CO LTD3.8%
7M3 INC3.8%
8NITORI HLDGS CO LTD3.6%
9YONEX CO3.2%
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 price118.98
CurrencyGBX
Price updated30/11/2016
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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