Fact sheet: Man GLG Japan Core Alpha

Fund information
Fund name
Man GLG Japan Core Alpha C Professional Acc
Fund manager company
GLG Partners
Fund type
OEIC
Fund managers
  • Jeff Athertonsince 01/03/2011
  • Neil Edwardssince 01/01/2006
  • Stephen Harkersince 01/01/2006
  • Adrian Edwardssince 31/05/2014
Fund objective
The objective of the Fund is to achieve capital growth through investing primarily in the quoted securities of companies operating in Japan.
Benchmark
  • TOPIX TOTAL RETURN INDEX
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
38.3%
1 Year rank in sector
1/44
Sector
UT Japan
Yield
1%
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.
0.9%
Fund size
£1,597m (£1,692m 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.
146
Mid price
175.5
Top in this sector
Fund name1 Year
Man GLG Japan Core Alpha38.3%
M&G Japan37.2%
Neptune Jap Inst35%
Baillie Gifford Japanese34.7%
Henderson Japan Opportunities34.1%
...more in UT Japan

Performance snapshot

Holdings snapshot

  • Japan99%
    Money Market1%
  • Financials29.2%
    Consumer Discretionary17%
    Information Technology14.4%
    Industrials14.2%
    Materials10.5%
  • Japanese Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund10.6%19.1%43.7%38.3%66.4%112.5%
Sector-1%6%20.5%24.1%44.9%84.4%
Rank within sector2 / 461 / 461 / 441 / 445 / 396 / 36
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund35.8%18.2%1.1%32.6%1.1%
Sector22.1%15.8%0.8%26.2%3.3%
Rank within sector2 / 4410 / 4124 / 397 / 3629 / 36
Quartile1st1st3rd1st4th
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.
3.18
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.
0.77
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%.
15.71
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.
8.61
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.
0.33
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.
0.69
Price movement
52 week high172.6
52 week low103.9
Current bid price-
Current offer price-
Current mid price175.5
Region
1Japan98.99%
2Money Market1.01%
Industry sector
1Financials29.16%
2Consumer Discretionary16.96%
3Information Technology14.42%
4Industrials14.19%
5Materials10.46%
6Energy5.78%
7Utilities4.3%
8Real Estate3.72%
9Money Market1.01%
Asset type
1Japanese Equities100%
Individual holdings
1TOYOTA MOTOR CORP7.19%
2MITSUBISHI UFJ FINANCIAL GROUP5.77%
3CANON INC5.65%
4HONDA MOTOR CO5.24%
5NIPPON STEEL & SUMITOMO METAL CORP4.72%
6JFE HOLDINGS INC4.44%
7NOMURA HLDGS INC4.24%
8SUMITOMO MITSUI FINANCIAL GROUP INC4.11%
9SUMITOMO MITSUI TR HLDGS INC4.04%
Management
Fund manager group
GLG Partners
Fund manager company
GLG Partners
Fund type
OEIC
Fund objective
The objective of the Fund is to achieve capital growth through investing primarily in the quoted securities of companies operating in Japan.
Benchmark
  • TOPIX TOTAL RETURN INDEX
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jeff Atherton01/03/2011Jeff is a Senior Portfolio Manager to the Japan CoreAlpha team. He has a BA in Economics from the University of Sheffield. Jeff started his career at Sun Life of Canada in 1987 and has been managing Japanese funds for over 20 years. He has held senior positions at Insight Investment, SGAM, TCW and Equitable Life. Most recently Jeff spent 5 years at Stratton Street Capital LLP where he was a partner and co-manager of their Japanese hedge fund strategies. Jeff joined GLG in March 2011.
Neil Edwards01/01/2006Neil is Director and Senior Portfolio Manager to the Japan CoreAlpha team. He has a BA in Economics and an MA in Economics of Money and Finance from the University of Sheffield. He worked as an investment analyst before taking positions In UK equity fund management at CIS Insurance, Halifax Fund Management and Nestle for a total of 15 years. At Halifax he also spent five years managing international bonds and derivatives and a period covering the Japanese equity market. He joined Société Générale Asset Management in February 2005, working with the Japanese equity team and is now an employee of GLG Partners following the acquisition of SGAM UK in April 2009.
Stephen Harker01/01/2006Stephen Harker is Head of Japanese Equities and leads the Japan CoreAlpha team. He has a BA in Mathematics and Economics from the University of Warwick and an MA in Economics of Finance from the University of Sheffield. Stephen has over 35 years of industry experience, and has concentrated on the Japanese equity market since April 1984. After a decade managing the Prudential Japanese Trust, he joined TCW London International in 1994. TCW was acquired in 2001 by Société Générale Asset Management (SGAM); SGAM UK was acquired by GLG Partners LP in April 2009; and GLG was in turn acquired by Man Group plc in October 2010. In January 2006, Stephen and the Japan equity team created the Japan CoreAlpha strategy which has grown into an industry leading large cap Japanese equity product.
Adrian Edwards31/05/2014Adrian has a BSc in Business Information Systems from Anglia Ruskin University and is a CFA charter holder. Adrian began his career in fund management at Stratton Street Capital LLP in January 2006 where he rose to the position of Assistant Fund Manager on the firm’s Japanese and Asian synthetic warrant and Japanese equity hedge fund strategies. Adrian joined Man GLG (‘GLG’) in June 2014.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Chile, United Kingdom
Man GLG Japan Core Alpha A Ret Acc
Initial charge5%
Annual charge1.5%
Min single investment£500,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price157.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZJ66
Man GLG Japan Core Alpha B Ret Inc
Initial charge5%
Annual charge1.5%
Min single investment£500,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price229.5
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDWE6
Man GLG Japan Core Alpha C Professional Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZJ65
Man GLG Japan Core Alpha D Professional Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price243.5
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDWE7
Man GLG Japan Core Alpha E Inst Acc
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 price693.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeSD59
Data provided by

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