Fact sheet: JPM Jap SmCos Tr

Fund information
Fund name
JP Morgan Japan Smaller Companies Trust Plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Nicholas Weindlingsince 01/02/2008
  • Naohiro Ozawasince 31/03/2012
  • Shoichi Mizusawasince 31/03/2012
Fund objective
Long term capital growth through investment in small and medium sized Japanese companies.
Benchmark
  • S&P/Citigroup Japan EMI (Total Return
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
15.5%
1 Year rank in sector
3/5
Sector
IT Japanese Smaller Companies
Yield
-
Fund size
£141m
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.
126
Mid price
295.5
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.
356.08
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.
-17.19
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.
112
Top in this sector
Fund name1 Year
Baillie Giff Shin Nippon PLC34.1%
Fidelity Jap Val Plc16.1%
JPM Jap SmCos Tr15.5%
Atlantis Japan Growth13.7%
Prospect Japan Ltd-13.8%
...more in IT Japanese Smaller Companies

Performance snapshot

Holdings snapshot

  • Japan92.5%
    Money Market7.5%
  • Industrials20.1%
    Information Technology19.4%
    Consumer Discretionary18.6%
    Health Care8%
    Others7.5%
  • Japanese Equities92.5%
    Money Market7.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.1%1.5%10.7%15.5%42.8%118.9%
Sector-6.3%1.6%10.5%16.4%38.1%124.9%
Rank within sector5 / 53 / 54 / 53 / 52 / 52 / 5
Quartile4th3rd4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.1%32.6%3.5%40.3%5.4%
Sector10.8%27%0.2%38%12.2%
Rank within sector4 / 52 / 51 / 52 / 54 / 5
Quartile4th2nd1st2nd4th
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.
1.83
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.
1.08
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.
0.81
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%.
16.44
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.
8.42
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.
0.29
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.
0.73
Price movement
52 week high318
52 week low232
Current bid price295
Current offer price296
Current mid price295.5
Region
1Japan92.5%
2Money Market7.5%
Industry sector
1Industrials20.1%
2Information Technology19.4%
3Consumer Discretionary18.6%
4Health Care8%
5Others7.5%
6Real Estate7.3%
7Financials6.9%
8Materials5.8%
9Consumer Staples5.3%
Asset type
1Japanese Equities92.5%
2Money Market7.5%
Individual holdings
1ASAHI INTECC CO LTD2.7%
2SMS CO LTD2.3%
3ANICOM HLDGS INC2.1%
4COSMOS PHARMACEUTICAL CORP2.1%
5SANWA HLDGS CORP1.9%
6SERIA CO1.9%
7CHIBA BANK1.7%
8AICA KOGYO CO1.6%
9NOHMI BOSAI1.6%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Long term capital growth through investment in small and medium sized Japanese companies.
Benchmark
  • S&P/Citigroup Japan EMI (Total Return
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Nicholas Weindling01/02/2008Nicholas 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.
Naohiro Ozawa31/03/2012Naohiro Ozawa is a research analyst and a Japan smaller company specialist with the Japan Portfolio Group in Tokyo. He joined the firm (JPMorgan Securities Japan) in 2006 as an analyst and transferred to Asset management to take up his current position in 2008. Naohiro obtained a B.S. in Economics from the London School of Economics and Political Sciences.
Shoichi Mizusawa31/03/2012Shoichi 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 Japan Smaller Companies Trust 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 price354.25
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJJW
JP Morgan Japan Smaller Companies Trust Plc Subs Shs 0.1P
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price48.5
Offer price50.5
Mid price49.5
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeM0RC
Data provided by

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