Fact sheet: LM JpnAbsAlp

Fund information
Fund name
Legg Mason Martin Currie Japan Absolute Alpha E (PF) Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund managers
  • Paul Smithsince 01/01/2016
  • Paul Kirkbysince 01/01/2016
  • Claire Marwicksince 01/04/2012
Fund objective
To achieve absolute returns over the long term through exposure to the shares of companies operating within or servicing the Japanese market. The fund uses a long/short strategy which helps investors to benefit from both upwards and downwards movement in share prices.
Benchmark
  • Topix
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Equity
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.
3.25%
Fund size
£1,223m (£1,351m last year)
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS25.9%
Majedie Tortoise24.8%
DNB ECO Abs Rt21.3%
Income Partners AllSeasnAsCred19.3%
Ennismore Eurpn Smallar Cos15.5%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • Japan100%
  • Industrials23.5%
    Consumer Discretionary17%
    Information Technology15.5%
    Financials8%
    Real Estate3.4%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.5%-4%-2%---
Sector-0.1%0%0.4%-2.7%3%14%
Rank within sector111 / 112112 / 12781 / 120---
Quartile4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector-2.2%2.7%2.5%7.1%3.9%
Rank within sector-----
Quartile
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 high109.49
52 week low99.62
Current bid price-
Current offer price-
Current mid price100.94
Region
1Japan100%
Industry sector
1Industrials23.47%
2Consumer Discretionary16.95%
3Information Technology15.5%
4Financials7.98%
5Real Estate3.37%
6Telecommunications Utilities2.6%
7Energy1.5%
8Health Care-0.32%
9Utilities-1.1%
Asset type
No data available.
Individual holdings
1TOYOTA MOTOR CORP4.11%
2DAIWA HOUSE INDUSTRY CO3.91%
3KDDI CORP3.37%
4MITSUBISHI UFJ FINANCIAL GROUP2.99%
5JAPAN AIRLINES CO LTD2.58%
6NIPPON SHOKUBAI CO2.51%
7ELECTRIC POWER DEVELOPMENT2.48%
8ORIX CORP2.42%
9YAMATO KOGYO CO2.26%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
To achieve absolute returns over the long term through exposure to the shares of companies operating within or servicing the Japanese market. The fund uses a long/short strategy which helps investors to benefit from both upwards and downwards movement in share prices.
Benchmark
  • Topix
Investment style
Market Neutral
Investment method
Equity
Fund managers
NameSinceBiography
Paul Smith01/01/2016Paul is a portfolio manager for our Japan long/short strategy. He has an investment experience for 31 years.He joined Martin Currie in 2016 following the acquisition of the business assets and investment management team of PK Investment management (‘PKIM’). Paul joined PKIM in 2002 from Balfour Capital Limited where he spent two years managing a Japanese long/short equity fund. Prior to this, he worked for eight years as a senior analyst at HSBC Securities Japan Limited in Tokyo and three years for HSBC Securities as Vice President Japanese Equity Sales in New York. Paul started his career as a manager of Japan Equity Sales at Nomura International Limited. He has a BSc in Business Administration from the University of Bath, and an MBA from Keio University, Japan. Paul is also a member of the Japanese Financial Analyst Association (CMA) and is a CFA® charterholder.
Paul Kirkby01/01/2016Paul Kirkby has Investment experience for 35 years. Paul is Head of Japan and lead manager of our Japan long/short strategy. He joined Martin Currie in 2016 following the acquisition of the business assets and investment management team of PK Investment Management (‘PKIM’), the London-based Japan equity boutique he set up in 2002. Paul has 35 years’ Japanese equities experience, during which he spent 16 years at Global Asset Management (GAM), where he managed its Japan long-only and long/short portfolios, both in Hong Kong and in London. He holds an MA in Economics from the University of Cambridge.
Claire Marwick01/04/2012Claire is a portfolio manager for our Japan long/short strategy and lead manager of our Japan long-only strategy. She has investment experience for 14 years. She joined Martin Currie's Japan team in 2007 as an investment analyst and became a portfolio manager in 2010. She previously worked with the Alliance Trust in Hong Kong, where she analysed Japanese equities. Claire started her career with UBS, working in mergers and acquisitions in London and Tokyo. She is a CFA® charterholder. Claire graduated from the University of Cambridge with a degree in astrophysics and she holds an MBA from the Harvard Business School
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Singapore, El Salvador, Sweden
Legg Mason Martin Currie Japan Absolute Alpha A (PF) (Hedged) Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.64
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN2BH
Legg Mason Martin Currie Japan Absolute Alpha A (PF) (Hedged) Acc SGD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.035
CurrencySGD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN2BI
Legg Mason Martin Currie Japan Absolute Alpha A (PF) (Hedged) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.68
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN33A
Legg Mason Martin Currie Japan Absolute Alpha A (PF) (Hedged) EUR
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.45%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price11.09
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLAT4
Legg Mason Martin Currie Japan Absolute Alpha A (PF) (Hedged) GBP
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.45%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price11.33
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLAT5
Legg Mason Martin Currie Japan Absolute Alpha A (PF) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.34
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN32Z
Legg Mason Martin Currie Japan Absolute Alpha E (PF) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.94
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN32X
Legg Mason Martin Currie Japan Absolute Alpha E (PF) Hedged Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.24
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN32Y
Legg Mason Martin Currie Japan Absolute Alpha F (PF) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.68
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN33B
Legg Mason Martin Currie Japan Absolute Alpha F (PF) Hedged Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.03
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN33C
Legg Mason Martin Currie Japan Absolute Alpha M (PF) (Hedged) EUR
Initial charge5%
Annual charge1.5%
Min single investment£250,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.25
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLAT1
Legg Mason Martin Currie Japan Absolute Alpha M (PF) (Hedged) GBP
Initial charge5%
Annual charge1.5%
Min single investment£250,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.64
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLAT2
Legg Mason Martin Currie Japan Absolute Alpha M (PF) (Hedged) USD
Initial charge5%
Annual charge1.5%
Min single investment£250,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.53
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLAT3
Data provided by

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