Fact sheet: M&G Japan Smaller Cos

Fund information
Fund name
M&G Japan Smaller Companies I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Johan Du Preezsince 31/08/2015
  • John Lothiansince 31/08/2015
Accolades
Fund objective
The fund aims to achieve long-term capital growth by investing principally in the shares of smaller Japanese companies, which are stocks in the bottom third in terms of market capitalisation. The fund manager adopts a ‘value’ approach, meaning that in-depth analysis is applied to find companies that are trading at prices below the potential returns they are likely to generate over the medium to long term.
Benchmark
  • Russell Nomura Mid-Small Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
43.3%
1 Year rank in sector
1/3
Sector
UT Japanese Smaller Companies
Yield
0.9%
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
£148m (£106m 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.
116
Mid price
2541.39
Top in this sector
Fund name1 Year
M&G Japan Smaller Cos43.3%
Invesco Perp Japanese Sm Cos39.2%
Baillie Gifford Japnse Sm Cos23.6%
...more in UT Japanese Smaller Companies

Performance snapshot

Holdings snapshot

  • Japan96.2%
    Money Market3.8%
  • Industrials21%
    Consumer Goods18.6%
    Financials16.7%
    Consumer Services14%
    Technology13.7%
  • Japanese Equities96.2%
    Money Market3.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.6%14.8%32.7%43.3%84%182.3%
Sector-5.3%2.6%9.7%35.9%60.3%136.5%
Rank within sector1 / 31 / 31 / 31 / 31 / 31 / 3
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund42.2%16.9%10.9%32.5%14.3%
Sector32.6%16.9%1.9%41.4%5.3%
Rank within sector1 / 32 / 31 / 33 / 31 / 3
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.
7.13
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.
0.74
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.
1.39
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%.
12.18
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.
7.46
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.
0.36
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.
0.7
Price movement
52 week high2525.91
52 week low1588.52
Current bid price-
Current offer price-
Current mid price2541.39
Region
1Japan96.21%
2Money Market3.79%
Industry sector
1Industrials21.03%
2Consumer Goods18.56%
3Financials16.7%
4Consumer Services14.01%
5Technology13.69%
6Basic Materials10.62%
7Money Market3.79%
8Health Care1.6%
Asset type
1Japanese Equities96.21%
2Money Market3.79%
Individual holdings
1IBJ LEASING CO LTD4.13%
2DENKA CO LTD3.86%
3JSR CORP3.77%
4ROHM CO3.68%
5SANKYO TATEYAMA INC3.6%
6SUMITOMO HEAVY INDUSTRIES3.54%
7NIKON CORP3.43%
8RIKEN CORP3.3%
9SUMITOMO REAL ESTATE SALE3.26%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to achieve long-term capital growth by investing principally in the shares of smaller Japanese companies, which are stocks in the bottom third in terms of market capitalisation. The fund manager adopts a ‘value’ approach, meaning that in-depth analysis is applied to find companies that are trading at prices below the potential returns they are likely to generate over the medium to long term.
Benchmark
  • Russell Nomura Mid-Small Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Johan Du Preez31/08/2015Johan Du Preez joined Prudential Portfolio Managers (South Africa) in 1998 and then moved to the Japan Equity team in 2004. Before joining Prudential, Johan worked at Momentum Employee Benefits as an Actuarial Consultant. Prior to that, he worked at Crusader Life, South Africa. Johan graduated from the University of Witwatersrand, and holds a Bachelor of Economics. He also holds a Masters of Commerce from the University of Cape Town and he is a Chartered Financial Analyst.
John Lothian31/08/2015John Lothian joined M&G in March 2011 as a specialist on Japanese equities. His roles have included senior analyst on the M&G American Fund and M&G Global Leaders Fund, as well as senior research analyst covering global consumer, healthcare, and technology sectors. He was appointed deputy manager of the M&G Japan and M&G Japan Smaller Companies funds in September 2015. Prior to M&G, John co-managed a Japanese equity fund at Occam Asset Management. Before that, he covered Japanese stocks at Lazard Asset Management in London. John started his career at Lehman Brothers in Tokyo. He has an MBA from Columbia Business School, an MA in international relations from The Johns Hopkins University School of Advanced International Studies (SAIS), and a BA in Greek and Latin from The Catholic University of America. John is fluent in Japanese and is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Sweden, Taiwan - Province Of China
M&G Japan Smaller Companies A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price29.0684
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMO69
M&G Japan Smaller Companies A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price525.67
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA01
M&G Japan Smaller Companies A Acc USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price12.0305
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRUD
M&G Japan Smaller Companies A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.71%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price498.92
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMA02
M&G Japan Smaller Companies C Acc EUR
Initial charge3.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price32.4877
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMO85
M&G Japan Smaller Companies C Acc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price12.1353
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMRUE
M&G Japan Smaller Companies I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price2541.39
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZEY
M&G Japan Smaller Companies I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price2445.24
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZEZ
M&G Japan Smaller Companies R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price251.33
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZF0
M&G Japan Smaller Companies R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price244.27
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZF1
M&G Japan Smaller Companies X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price521.69
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW99
M&G Japan Smaller Companies X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price495.85
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW98
Data provided by

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