Fact sheet: First State Jap Focs

Fund information
Fund name
First State Japan Focus B Acc GBP
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund managers
  • Sophia Lisince 26/10/2015
  • Martin Lausince 26/10/2015
Fund objective
The Fund aims to grow your investment.The Fund predominantly invests in shares of companies based in, operating in, or have their economic activity mainly in Japan. The Fund invests in shares of large and mid-sized companies in Japan. These companies generally have a total stock market value of at least US$1 billion. At times the Fund's portfolio may be concentrated in a small number of holdings. The Fund may invest up to 10% in other funds. Derivatives may be used for efficient portfolio management.
Benchmark
  • MSCI Japan
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
28.2%
1 Year rank in sector
35/44
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.
1.1%
Fund size
£19m (£9m 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.
138
Mid price
149.89
Top in this sector
Fund name1 Year
Henderson Japan Opportunities46.5%
Man GLG Japan Core Alpha44%
Baillie Gifford Japanese43%
M&G Japan42.6%
Neptune Jap Inst42.3%
...more in UT Japan

Performance snapshot

Holdings snapshot

  • Japan97.9%
    Money Market2.1%
  • Consumer Discretionary29.1%
    Industrials17.8%
    Consumer Staples17.5%
    Information Technology11.7%
    Health Care7.5%
  • Japanese Equities97.9%
    Money Market2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.3%8.8%11.6%28.2%--
Sector1.7%0.3%5.9%33%65.5%105.3%
Rank within sector3 / 462 / 452 / 4535 / 44--
Quartile1st1st1st4th
Calendar performance
 YTD - 20172016201520142013
Fund11.3%23.7%---
Sector4.5%24%15.8%0.8%26.2%
Rank within sector2 / 4519 / 44---
Quartile1st2nd
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 high150.83
52 week low116.93
Current bid price-
Current offer price-
Current mid price149.89
Region
1Japan97.9%
2Money Market2.1%
Industry sector
1Consumer Discretionary29.1%
2Industrials17.8%
3Consumer Staples17.5%
4Information Technology11.7%
5Health Care7.5%
6Real Estate6.7%
7Financials2.7%
8Telecommunications Utilities2.5%
9Materials2.4%
Asset type
1Japanese Equities97.9%
2Money Market2.1%
Individual holdings
1TSURUHA HOLDINGS INC5.53%
2RYOHIN KEIKAKU CO5.49%
3KEYENCE CORP5.45%
4START TODAY CO LTD5.19%
5NITORI HLDGS CO LTD4.33%
6MISUMI GROUP INC3.99%
7DAITO TRUST CONSTRUCTION CO NPV3.98%
8RECRUIT HLDGS CO LTD3.68%
9ASAHI INTECC CO LTD3.58%
Management
Fund manager group
First State
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund objective
The Fund aims to grow your investment.The Fund predominantly invests in shares of companies based in, operating in, or have their economic activity mainly in Japan. The Fund invests in shares of large and mid-sized companies in Japan. These companies generally have a total stock market value of at least US$1 billion. At times the Fund's portfolio may be concentrated in a small number of holdings. The Fund may invest up to 10% in other funds. Derivatives may be used for efficient portfolio management.
Benchmark
  • MSCI Japan
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Sophia Li26/10/2015Sophia Li is an Analyst in the Asia Pacific/Global Emerging Markets team at First State Investments (‘FSI’). Sophia joined FSI’s Asia Pacific/Global Emerging Market team in August 2009 and provides research support to portfolio managers, with a focus on Greater China. She graduated from Harvard University with an MA in statistics in 2009 and from Fudan University, China with a BSc in statistics in 2007. Sophia has passed the 3 levels of the CFA exams as well as the 2 levels of the CAIA (Chartered Alternative Investment Analyst) exams.
Martin Lau26/10/2015Martin Lau is a Managing Partner of First State Stewart Asia, part of First State Investments. Martin has more than 20 years of experience in managing Asia Pacific and Greater China portfolios. He joined the FSSA team in April 2002 and is based in Hong Kong. Martin is the lead manager of a number of First State funds: the First State Asian Equity Plus Fund, the First State Asian Bridge Fund, the First State Asia Pacific All Cap Fund, the First State New Era PRC Fund, the First State China Growth Fund, the First State Greater China Growth Fund and the First State Hong Kong Growth Fund. He is also co-manager of the Scottish Oriental Smaller Companies Trust in the UK. Martin graduated from Cambridge University with a Bachelor of Arts degree and a Masters degree in Engineering. He is also a CFA charterholder.
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
First State Japan Focus A Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8LD
First State Japan Focus A Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8LE
First State Japan Focus A Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMDOE
First State Japan Focus B Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.42
CurrencyEUX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LF
First State Japan Focus B Acc GBP
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price149.89
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LG
First State Japan Focus B Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LH
First State Japan Focus B Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMDOF
First State Japan Focus B Hedged Acc GBP
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.42
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMDOH
First State Japan Focus Z Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LI
Data provided by

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