Fact sheet: Legg Mason IFMCJaAl

Fund information
Fund name
Legg Mason IF Martin Currie Japan Alpha X
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund managers
  • Claire Marwicksince 31/05/2010
Fund objective
The objective of this Fund is to achieve capital growth, through investment in Japan.
Benchmark
  • Tokyo Stock Exchange Index (TOPIX)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
36.1%
1 Year rank in sector
21/44
Sector
UT Japan
Yield
0.7%
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.
0.94%
Fund size
£79m (£65m 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
156.9
Top in this sector
Fund name1 Year
Baillie Gifford Japanese48.2%
M&G Japan47.6%
Neptune Jap Inst46.8%
Henderson Japan Opportunities46.2%
Man GLG Japan Core Alpha45.4%
...more in UT Japan

Performance snapshot

Holdings snapshot

  • Japan98.6%
    Money Market1.4%
  • Industrials25.2%
    Consumer Discretionary22.4%
    Information Technology15.4%
    Financials14%
    Real Estate5.5%
  • Japanese Equities98.6%
    Cash & Cash Equivalents1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7%4.6%19.8%36.1%37%79.6%
Sector5.4%5%20%36.1%50.1%96.1%
Rank within sector7 / 4629 / 4627 / 4521 / 4436 / 3933 / 36
Quartile1st3rd3rd2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6%22.8%14.5%-8%27.8%
Sector5.1%24%15.8%0.8%26.2%
Rank within sector5 / 4625 / 4426 / 4139 / 3916 / 36
Quartile1st3rd3rd4th2nd
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.
-3.49
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.
1.01
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.
0.4
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%.
13.64
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.
3.68
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.
-0.92
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.
0.92
Price movement
52 week high155.4
52 week low99.88
Current bid price-
Current offer price-
Current mid price156.9
Region
1Japan98.62%
2Money Market1.38%
Industry sector
1Industrials25.23%
2Consumer Discretionary22.36%
3Information Technology15.38%
4Financials13.96%
5Real Estate5.51%
6Telecommunications Utilities4.82%
7Health Care3.79%
8Materials2.98%
9Consumer Staples2.4%
Asset type
1Japanese Equities98.62%
2Cash & Cash Equivalents1.38%
Individual holdings
1MITSUBISHI UFJ FINANCIAL GROUP5.88%
2ORIX CORP3.66%
3KOMATSU3.63%
4DAIKIN INDUSTRIES3.57%
5DAIWA HOUSE INDUSTRY CO3.43%
6MITSUBISHI ELECTRIC CORP3.3%
7KEYENCE CORP3.25%
8YAMATO KOGYO CO2.98%
9KOITO MANUFACTURING CO2.92%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
The objective of this Fund is to achieve capital growth, through investment in Japan.
Benchmark
  • Tokyo Stock Exchange Index (TOPIX)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Claire Marwick31/05/2010Claire 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
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF Martin Currie Japan Alpha A
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price146.6
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQJ93
Legg Mason IF Martin Currie Japan Alpha B
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFVH
Legg Mason IF Martin Currie Japan Alpha X
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price156.9
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQJ62
Legg Mason IF Martin Currie Japan Alpha X Hedged
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price182
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHYB5
Data provided by

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