Fact sheet: First State Jap Focs

Fund information
Fund name
First State Japan Focus B Acc EUR
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.
Benchmark
  • MSCI Japan
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
2.3%
1 Year rank in sector
43/44
Sector
UT Japan
Yield
0.1%
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.
1.06%
Fund size
£16m (£3m last year)
Mid price
107.96
Top in this sector
Fund name1 Year
Man GLG Japan Core Alpha30.9%
M&G Japan30.2%
Henderson Japan Opportunities30.2%
Baillie Gifford Japanese29.8%
Neptune Jap Inst29.3%
...more in UT Japan

Performance snapshot

Holdings snapshot

  • Japan94.2%
    Money Market5.8%
  • Consumer Discretionary30.8%
    Consumer Staples19.7%
    Industrials13%
    Information Technology8.5%
    Real Estate8.4%
  • Japanese Equities94.2%
    Money Market5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.3%-2.3%-3.9%2.3%--
Sector-3.1%4.7%18.1%21.3%41.6%81.7%
Rank within sector39 / 4645 / 4643 / 4443 / 44--
Quartile4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.5%----
Sector19.4%15.8%0.8%26.2%3.3%
Rank within sector44 / 44----
Quartile4th
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 high120.7
52 week low90.69
Current bid price-
Current offer price-
Current mid price107.96
Region
1Japan94.2%
2Money Market5.8%
Industry sector
1Consumer Discretionary30.8%
2Consumer Staples19.7%
3Industrials13%
4Information Technology8.5%
5Real Estate8.4%
6Health Care7%
7Money Market5.8%
8Financials3%
9Telecommunications Utilities2.8%
Asset type
1Japanese Equities94.2%
2Money Market5.8%
Individual holdings
1RYOHIN KEIKAKU CO6.4%
2TSURUHA HOLDINGS INC6.2%
3DAITO TRUST CONSTRUCTION CO NPV6.1%
4START TODAY CO LTD4.7%
5NITORI HLDGS CO LTD4.5%
6MISUMI GROUP INC4.2%
7HOSHIZAKI CORP4.1%
8KEYENCE CORP3.7%
9NIFCO INC3.6%
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.
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)1.71%
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)1.71%
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)1.76%
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)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.96
CurrencyEUX
Price updated06/12/2016
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)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.55
CurrencyGBX
Price updated06/12/2016
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)1.06%
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)1.11%
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)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.35
CurrencyGBX
Price updated06/12/2016
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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