Fact sheet: JP Morgan Japanese IT plc

Fund information
Fund name
JP Morgan Japanese IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Nicholas Weindlingsince 01/12/2007
  • Shoichi Mizusawasince 01/08/2014
Fund objective
Aims to produce produce capital capital growth from a portfolio portfolio of Japanese Japanese equities. equities. The company company has the ability ability to use borrowing borrowing to gear the portfolio portfolio within the range of 5% net cash to 15% geared in normal market conditions
Benchmark
  • Tokyo Stock Price Index (TOPIX) (Total Return Net)
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
13.2%
1 Year rank in sector
4/5
Sector
IT Japan Equities
Yield
1.1%
Fund size
£540m
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.
135
Mid price
335
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
388.27
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-13.72
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Schroder Japan Growth plc35.4%
Baillie Gifford Jap Tst PLC30.7%
CC JpnIncGthTsPLC18.9%
JP Morgan Japanese IT plc13.2%
Aberdeen Japan IT PLC12.4%
...more in IT Japan Equities

Performance snapshot

Holdings snapshot

  • Japan78.4%
    Money Market21.6%
  • Others21.6%
    Electronic & Electrical Equipment12.8%
    Banks9.7%
    Retail9.1%
    Chemicals9%
  • Japanese Equities78.4%
    Money Market21.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-0.6%-3.9%13.2%70.7%116%
Sector-3.7%0.8%2.9%22.2%77.6%146.9%
Rank within sector1 / 53 / 55 / 54 / 53 / 43 / 4
Quartile1st3rd4th4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.9%11.3%27.3%-1.5%49.1%
Sector3.9%16.2%19.3%7.7%56.4%
Rank within sector3 / 55 / 51 / 44 / 42 / 4
Quartile3rd4th1st4th2nd
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.
-3.81
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.
1.05
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.
0.94
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%.
15.89
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.
7.4
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.
-0.42
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.
0.78
Price movement
52 week high354.5
52 week low282.13
Current bid price334.5
Current offer price341.25
Current mid price335
Region
1Japan78.4%
2Money Market21.6%
Industry sector
1Others21.6%
2Electronic & Electrical Equipment12.8%
3Banks9.7%
4Retail9.1%
5Chemicals9%
6Communications7.8%
7Transport Equipment7.7%
8Services7.4%
9Machinery6.9%
Asset type
1Japanese Equities78.4%
2Money Market21.6%
Individual holdings
1MITSUBISHI UFJ FINANCIAL GROUP4.7%
2SUMITOMO MITSUI FINANCIAL GROUP INC3.7%
3SOFTBANK GROUP CORP3.3%
4SHIN-ETSU CHEMICAL CO3%
5TOKIO MARINE HLDGS INC3%
6FUJI HEAVY INDUSTRIES2.9%
7KEYENCE CORP2.9%
8SUZUKI MOTOR CORP2.6%
9ORIX CORP2.5%
Management
Fund manager group
J.P. Morgan Asset Management
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Aims to produce produce capital capital growth from a portfolio portfolio of Japanese Japanese equities. equities. The company company has the ability ability to use borrowing borrowing to gear the portfolio portfolio within the range of 5% net cash to 15% geared in normal market conditions
Benchmark
  • Tokyo Stock Price Index (TOPIX) (Total Return Net)
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Nicholas Weindling01/12/2007Nicholas Weindling, executive director, is a country specialist for Japan equities and a member of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team based in Tokyo. Nicholas joined the firm in 2006 from Baillie Gifford in Edinburgh, where he worked initially as a UK large cap analyst and latterly as a Japanese equities investment manager. Nicholas obtained a B.A. (Hons) in History from Cambridge University.
Shoichi Mizusawa01/08/2014Shoichi Mizusawa, managing director, is a country specialist for Japan equities and head of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team. Based in Japan, he leads the Japan-dedicated equity portfolio management teams in Hong Kong and Tokyo. Shoichi joined the firm in 1997 as a marketing manager responsible for Japan pension funds. He transferred to the Japan Portfolio Group in 2000 and took up his current role in 2010. Prior to joining the firm, Shoichi spent four years with Postipankki as the Tokyo representative in capital markets. He began his career with Mitsubishi Motors Corporation in 1989. Shoichi obtained a B.A. in Political Science and Economics from Waseda University and an M.B.A. from Simon Fraser University.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Japanese IT plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price388.27
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJLS
Data provided by

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