Fact sheet: Fidelity Japan Smaller Comp

Fund information
Fund name
Fidelity Japan Smaller Companies W Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Jun Tanosince 31/03/2006
Fund objective
The fund aims to provide long-term capital growth. It invests primarily in the shares of Japanese companies. The portfolio is likely to have a bias towards medium-sized and smaller companies and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. It 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.
Benchmark
  • Russell Nomura Mid Small Cap
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
18.3%
1 Year rank in sector
38/44
Sector
UT 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%
Fund size
£116m (£73m 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.
127
Mid price
266.2
Top in this sector
Fund name1 Year
Man GLG Japan Core Alpha34.7%
M&G Japan33.8%
Baillie Gifford Japanese32.7%
Henderson Japan Opportunities32.2%
Neptune Jap Inst31.7%
...more in UT Japan

Performance snapshot

Holdings snapshot

  • Japan95.5%
    Money Market4.5%
  • Others18.7%
    Machinery15.3%
    Retail12%
    Electronic & Electrical Equipment10.4%
    Chemicals7.7%
  • Japanese Equities95.5%
    Money Market4.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.9%2.3%11.6%18.3%51.9%95.3%
Sector-1.4%5.7%20.5%23.4%44.5%82.9%
Rank within sector42 / 4638 / 4639 / 4438 / 4413 / 3911 / 36
Quartile4th4th4th4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund16.4%21.1%5.2%32.4%-0.4%
Sector21.8%15.8%0.8%26.2%3.3%
Rank within sector37 / 447 / 415 / 398 / 3634 / 36
Quartile4th1st1st1st4th
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.
3.43
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.
0.98
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.
0.86
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%.
14.17
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.
6.21
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.
0.48
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.
0.8
Price movement
52 week high294.7
52 week low196.1
Current bid price-
Current offer price-
Current mid price266.2
Region
1Japan95.5%
2Money Market4.5%
Industry sector
1Others18.7%
2Machinery15.3%
3Retail12%
4Electronic & Electrical Equipment10.4%
5Chemicals7.7%
6Wholesale7.7%
7Pharmaceuticals7.1%
8Communications5%
9Money Market4.5%
Asset type
1Japanese Equities95.5%
2Money Market4.5%
Individual holdings
1MAKITA CORP4.44%
2DISCO CORP3.62%
3MISUMI GROUP INC3.54%
4NIPPON SHINYAKU CO3.54%
5SHIMADZU CORP3.44%
6NIFCO INC2.82%
7SUMITOMO ELECTRIC INDUSTRIES2.8%
8NITORI HLDGS CO LTD2.75%
9SUZUKI MOTOR CORP2.56%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The fund aims to provide long-term capital growth. It invests primarily in the shares of Japanese companies. The portfolio is likely to have a bias towards medium-sized and smaller companies and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. It 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.
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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Japan Smaller Companies Acc
Initial charge3.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price244.5
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFI88
Fidelity Japan Smaller Companies W Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price266.2
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSOK
Data provided by

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