Fact sheet: Polar Capital Japan

Fund information
Fund name
Polar Capital Japan I JPY
Fund manager company
Polar Capital
Fund type
OEIC
Fund managers
  • Gerard Cawleysince 17/01/2005
  • James Saltersince 18/10/2001
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
Investment style
Active,Growth
Investment method
Shares
Quick stats
1 Year return
-8.8%
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.
1.15%
Fund size
£109,391m (£367,438m 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.
149
Top in this sector
Fund name1 Year
GAM Star Jap Eq30%
Lindsell Train Japnse Eq26.6%
Eastspring Inv JapFdVal25.4%
Allianz Japan Eq23.1%
Aberdeen Gbl Japanese Eq22.3%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan100.9%
    Money Market-0.9%
  • Banks11.2%
    Real Estate9%
    Electronic & Electrical Equipment8.2%
    Transport Equipment7.8%
    Retail7%
  • Japanese Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund13.8%19.5%15.5%-8.8%12.8%99%
Sector2.6%8%10.7%-0.6%21.6%90.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-4.6%10%3.9%57.5%16.8%
Sector2.2%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.
-5.13
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.
1.46
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
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%.
22.13
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.
11.46
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.
-0.28
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.
0.82
Price movement
52 week high2219.77
52 week low1435.1
Current bid price-
Current offer price-
Current mid price2002.88
Region
1Japan100.85%
2Money Market-0.85%
Industry sector
1Banks11.22%
2Real Estate8.95%
3Electronic & Electrical Equipment8.18%
4Transport Equipment7.84%
5Retail6.97%
6Machinery6.25%
7Wholesale5.97%
8Chemicals5.68%
9Rubber Products4.37%
Asset type
1Japanese Equities100%
Individual holdings
1SUMITOMO MITSUI FINANCIAL GROUP INC3.81%
2OPEN HOUSE CO LTD3.58%
3MITSUBISHI UFJ FINANCIAL GROUP3.37%
4IDOM INC3.35%
5SUMITOMO MITSUI TR HLDGS INC2.98%
6TOYO TIRE & RUBBER CO2.63%
7DAI-ICHI LIFE HLDGS INC2.38%
8JAFCO2.2%
9FUJI HEAVY INDUSTRIES2.05%
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
Investment style
Active,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Gerard Cawley17/01/2005Gerard 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.
James Salter18/10/2001James 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, 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 GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price17.57
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePC41
Polar Capital Japan I EUR
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price16.5
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIRI7
Polar Capital Japan I GBP
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price13.95
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4B1
Polar Capital Japan I Hedged CHF
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price12.9
CurrencyCHF
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeID5N
Polar Capital Japan I Hedged EUR
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price14.95
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIRI9
Polar Capital Japan I Hedged GBP
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price18.52
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4A2
Polar Capital Japan I Hedged USD
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price18.72
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4A4
Polar Capital Japan I JPY
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price2002.88
CurrencyJPY
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4A9
Polar Capital Japan I USD
Initial charge5%
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price17.59
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4B0
Polar Capital Japan JPY
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price2523.36
CurrencyJPY
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePC43
Polar Capital Japan R EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price16.08
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIRI6
Polar Capital Japan R GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price13.6
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4A7
Polar Capital Japan R Hedged CHF
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price12.73
CurrencyCHF
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeID5O
Polar Capital Japan R Hedged EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price14.6
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIRI8
Polar Capital Japan R Hedged GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price17.95
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4A3
Polar Capital Japan R Hedged USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price18.19
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4A5
Polar Capital Japan R JPY
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price1952.6
CurrencyJPY
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4A6
Polar Capital Japan R USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price17.15
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4A8
Polar Capital Japan USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price22.17
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePC42
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