Fact sheet: Prospect Japan Ltd

Fund information
Fund name
Prospect Japan Ltd
Fund manager company
Prospect Asset Management Inc
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
To achieve long-term capital return on the Company's portfolio above the return on the Tokyo Stock Exchange Second Index and the Japan OTC Index calculated in US dollars, by investing in securities primarily of smaller Japanese companies listed or traded on Japanese Stock Markets.
Benchmark
  • MSCI Japan Small Cap
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
21.2%
1 Year rank in sector
5/5
Sector
IT Japanese Smaller Companies
Yield
-
Fund size
£111m
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.
241
Mid price
1.2
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1.2885
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-6.87
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Baillie Giff Shin Nippon PLC51.6%
Fidelity Jap Val Plc37.3%
JPM Jap SmCos Tr36.1%
Atlantis Japan Growth35.2%
Prospect Japan Ltd21.2%
...more in IT Japanese Smaller Companies

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.4%31.5%20%21.2%12.1%50%
Sector2.7%10.9%11.4%39.7%60.4%133.7%
Rank within sector3 / 51 / 51 / 55 / 55 / 55 / 5
Quartile3rd1st1st4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund33.7%-14.9%9%-7.9%21.9%
Sector12.8%11.2%27%0.2%38%
Rank within sector1 / 55 / 55 / 55 / 55 / 5
Quartile1st4th4th4th4th
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.
-8.04
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.
0.84
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%.
20.26
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.
15.87
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.
-0.68
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.
0.34
Price movement
52 week high1.2
52 week low0.87
Current bid price1.15
Current offer price1.25
Current mid price1.2
Region
1Japan100%
Industry sector
1Banks53.7%
2Others20.4%
3Warehouse - Property8.9%
4Retail7.5%
5Real Estate6.1%
6Building & Construction3.4%
Asset type
1Japanese Equities100%
Individual holdings
1DAITO BANK (THE)25.3%
2FUKUSHIMA BANK (THE)25.1%
3MARUHACHI WAREHOUSE CO8.9%
4SHAKLEE GLOBAL GROUP7.5%
5PROSPECT GROUP6.1%
6NAGANO BANK3.4%
7TOMOE CORP3.4%
Management
Fund manager group
Prospect Asset Management Inc
Fund manager company
Prospect Asset Management Inc
Fund type
Investment Trust
Fund objective
To achieve long-term capital return on the Company's portfolio above the return on the Tokyo Stock Exchange Second Index and the Japan OTC Index calculated in US dollars, by investing in securities primarily of smaller Japanese companies listed or traded on Japanese Stock Markets.
Benchmark
  • MSCI Japan Small Cap
Investment style
No data available.
Investment method
No data available.
Fund manager
No data available.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Prospect Japan Ltd
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 price128.85
CurrencyUSX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNK8N
Data provided by

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