Fact sheet: Polar Capital Japan Alpha

Fund information
Fund name
Polar Capital Japan Alpha I JPY
Fund manager company
Polar Capital
Fund type
OEIC
Fund managers
  • James Saltersince 31/10/2012
  • Gerard Cawleysince 31/10/2012
Fund objective
The Fund aims to generate long-term capital growth by investing in securities issued by companies based predominantly in Japan and/or organised under Japanese law.
Benchmark
  • TOPIX TOTAL RETURN INDEX
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
-10.6%
1 Year rank in sector
-
Sector
FO Equity - Japan
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.
0.93%
Fund size
£5,827m (£17,267m 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.
154
Top in this sector
Fund name1 Year
Lindsell Train Japnse Eq53.2%
GAM Star Jap Eq49.2%
RWC NissayJaFo47.7%
GS Jap Eq Part Pfl45%
Aberdeen Gbl Japanese Eq44.6%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan100%
  • Financial Services12.2%
    Transport Equipment11%
    Chemicals10.6%
    Construction10.3%
    Metal Products8.7%
  • Japanese Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4%7.4%0.3%-10.6%1.9%-
Sector3.3%7.6%5.8%3.1%18.5%80%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-17.3%9.6%2.5%68.8%-
Sector-3.6%11.8%4.1%43.2%13.9%
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.
-6.32
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.
1.47
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.
0.01
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%.
22.91
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.
11.35
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.
-0.35
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.
0.85
Price movement
52 week high220.85
52 week low143.99
Current bid price-
Current offer price-
Current mid price176.1
Region
1Japan100%
Industry sector
1Financial Services12.22%
2Transport Equipment10.98%
3Chemicals10.65%
4Construction10.29%
5Metal Products8.71%
6Banks8.57%
7Electronic & Electrical Equipment7.12%
8Real Estate6.07%
9Communications4.9%
Asset type
1Japanese Equities100%
Individual holdings
1TODA CORP4.14%
2ZEON CORP3.93%
3TAIHEIYO CEMENT CORP3.8%
4FUJI HEAVY INDUSTRIES3.77%
5FUJITSU3.76%
6ASAHI KASEI CORP3.69%
7YAMAHA MOTOR CO3.62%
8TOYOTA INDUSTRIES CORP3.59%
9SUMITOMO ELECTRIC INDUSTRIES3.57%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to generate long-term capital growth by investing in securities issued by companies based predominantly in Japan and/or organised under Japanese law.
Benchmark
  • TOPIX TOTAL RETURN INDEX
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
James Salter31/10/2012James joined Polar Capital in March 2001 as a Fund Manager of the Polar Capital Japan Fund and is co-manager of the Polar Capital Japan Alpha Fund. Prior to joining Polar Capital, he began his career at Foreign & Colonial in 1989 where he was promoted to an assistant fund manager, and then left to join Martin Currie to take joint responsibility for the Japanese funds in the capacity of a director. Before establishing the Japanese franchise at Bonfield, which he transferred to Polar Capital, he was the senior fund manager of the Schroder Japan Growth Fund plc.
Gerard Cawley31/10/2012Gerard joined Polar Capital in January 2005 and is the lead Fund Manager of the Polar Capital Japan Alpha Fund and co-manager Polar Capital Japan Fund. Prior to joining Polar Capital, he gained five years experience in Japanese equities at Schroder Investment Management. Gerard graduated from Dublin City University Business School and is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Japan Alpha I EUR
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price1.5507
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHI
Polar Capital Japan Alpha I GBP
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price1.3325
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHH
Polar Capital Japan Alpha I Hedged EUR
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price1.5988
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHP
Polar Capital Japan Alpha I Hedged GBP
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price1.2828
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHO
Polar Capital Japan Alpha I Hedged USD
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price2.0892
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHN
Polar Capital Japan Alpha I JPY
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price176.1006
CurrencyJPY
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHF
Polar Capital Japan Alpha I USD
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price1.7298
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHG
Polar Capital Japan Alpha R EUR
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.5188
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHE
Polar Capital Japan Alpha R GBP
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.305
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHD
Polar Capital Japan Alpha R Hedged EUR
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.5655
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHM
Polar Capital Japan Alpha R Hedged GBP
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.2531
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHL
Polar Capital Japan Alpha R Hedged USD
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price2.0426
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHK
Polar Capital Japan Alpha R JPY
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price172.4719
CurrencyJPY
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHB
Polar Capital Japan Alpha R USD
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.6941
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHC
Data provided by

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