Fact sheet: Fidelity Japan Aggr

Fund information
Fund name
Fidelity Japan Aggressive A Dis JPY
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Nicholas Pricesince 13/08/2006
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 companies in Japan. 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. Currency hedging is used to substantially reduce the risk of losses from unfavourable exchange rate movements on holdings in currencies that differ from the dealing currency. Hedging also has the effect of limiting the potential for currency gains to be made. 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
Growth
Investment method
Shares
Quick stats
1 Year return
-4.9%
1 Year rank in sector
75/109
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.
2.04%
Fund size
£13,084m (£12,560m 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.
151
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

  • Japan99.6%
    Money Market0.4%
  • Others27.5%
    Machinery10.9%
    Transport Equipment9.9%
    Retail9.5%
    Electronic & Electrical Equipment8.8%
  • Japanese Equities99.6%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.7%11.4%0.4%-4.9%--
Sector1.8%8.3%9.7%-0.2%21.6%91.9%
Rank within sector42 / 11727 / 117109 / 11675 / 109--
Quartile2nd1st4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.2%13.3%---
Sector2.2%11.8%4.1%43.2%13.9%
Rank within sector60 / 11039 / 101---
Quartile3rd2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1467
52 week low1119
Current bid price-
Current offer price-
Current mid price1393
Region
1Japan99.6%
2Money Market0.4%
Industry sector
1Others27.5%
2Machinery10.9%
3Transport Equipment9.9%
4Retail9.5%
5Electronic & Electrical Equipment8.8%
6Chemicals8.5%
7Services7.9%
8Communications6.8%
9Pharmaceuticals6.4%
Asset type
1Japanese Equities99.6%
2Money Market0.4%
Individual holdings
1YAMAHA MOTOR CO6.38%
2NISSAN CHEMICAL INDUSTRIES5.94%
3KUBOTA CORP3.66%
4YONEX CO3.2%
5NITORI HLDGS CO LTD3.18%
6SOFTBANK GROUP CORP3.13%
7NIPPON SHINYAKU CO3.06%
8ZOJIRUSHI CORP3%
9RYOHIN KEIKAKU CO2.79%
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 companies in Japan. 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. Currency hedging is used to substantially reduce the risk of losses from unfavourable exchange rate movements on holdings in currencies that differ from the dealing currency. Hedging also has the effect of limiting the potential for currency gains to be made. 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
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Nicholas Price13/08/2006Nicholas 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Poland, Singapore, Slovakia, Sweden
Fidelity Japan Aggressive A Dis JPY
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1393
CurrencyJPY
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJHE
Fidelity Japan Aggressive I Acc JPY
Initial charge1%
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price13105
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE569
Fidelity Japan Aggressive W Hedged Dis GBP
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.369
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJHD
Fidelity Japan Aggressive 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)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.02
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEABD
Fidelity Japan Aggressive 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)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1420
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJHB
Fidelity Japan Aggressive Y Hedged Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.66
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJHC
Data provided by

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