Fact sheet: Fidelity Japan Advant

Fund information
Fund name
Fidelity Japan Advantage A JPY
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Jun Tanosince 01/02/2015
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 Japanese companies listed on a Japanese stock exchange, including those listed on regional stock exchanges in Japan and on the Tokyo over-the-counter market. The fund will primarily invest in the shares of companies Fidelity considers to be undervalued. 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
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
-9.5%
1 Year rank in sector
96/109
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.
1.92%
Fund size
£30,987m (£47,498m 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.
131
Top in this sector
Fund name1 Year
GAM Star Jap Eq32.2%
Lindsell Train Japnse Eq27.6%
GS Jap Eq Part Pfl24.6%
Eastspring Inv JapFdVal24.1%
Allianz Japan Eq24%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan99.3%
    Money Market0.7%
  • Machinery17.2%
    Electronic & Electrical Equipment16.3%
    Others14.2%
    Communications9.2%
    Pharmaceuticals8.5%
  • Japanese Equities99.3%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.1%10.3%5.3%-9.5%10%84.1%
Sector1.8%8.3%9.7%-0.2%21.6%91.9%
Rank within sector36 / 11745 / 11785 / 11696 / 10967 / 9151 / 84
Quartile2nd2nd3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-4.9%8.3%3.7%43.9%20.8%
Sector2.2%11.8%4.1%43.2%13.9%
Rank within sector88 / 11081 / 10151 / 9143 / 8814 / 83
Quartile4th4th3rd2nd1st
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.
-4.48
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.
1.21
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.
0.01
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%.
17.84
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.
6.92
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.
-0.5
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.
0.88
Price movement
52 week high30668
52 week low22195
Current bid price-
Current offer price-
Current mid price27718
Region
1Japan99.3%
2Money Market0.7%
Industry sector
1Machinery17.2%
2Electronic & Electrical Equipment16.3%
3Others14.2%
4Communications9.2%
5Pharmaceuticals8.5%
6Chemicals7.4%
7Wholesale6.8%
8Retail6.4%
9Other Financial4.7%
Asset type
1Japanese Equities99.3%
2Money Market0.7%
Individual holdings
1SOFTBANK GROUP CORP4.78%
2MAKITA CORP4.36%
3MISUMI GROUP INC4.16%
4NIDEC CORP3.66%
5DISCO CORP3.61%
6KEYENCE CORP3.51%
7ORIX CORP3.51%
8NIPPON SHINYAKU CO3.48%
9DAIKIN INDUSTRIES3.26%
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 Japanese companies listed on a Japanese stock exchange, including those listed on regional stock exchanges in Japan and on the Tokyo over-the-counter market. The fund will primarily invest in the shares of companies Fidelity considers to be undervalued. 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
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Jun Tano01/02/2015Jun 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, Slovakia, Sweden, Taiwan - Province Of China, South Africa
Fidelity Japan Advantage 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)1.92%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price22.23
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5Q4
Fidelity Japan Advantage A Acc JPY
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price1613
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGNH7
Fidelity Japan Advantage 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)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.36
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFLK
Fidelity Japan Advantage A Hedged EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price14.65
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNDP9
Fidelity Japan Advantage A JPY
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price27718
CurrencyJPY
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFP40
Fidelity Japan Advantage Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.8
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8LC
Fidelity Japan Advantage 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)1.17%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price1664
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFK5
Data provided by

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