Fact sheet: Fidelity Japan Advant

Fund information

Fund name
Fidelity Japan Advantage A JPY
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager
Ronald Slattery
since 01/02/2007
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Japanese companies listed on a Japanese stock exchange, including those listed on regional stock exchanges in Japan and on the Tokyo over-the-counter market. The fund will primarily invest in the shares of companies Fidelity considers to be undervalued. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies. Currency hedging is used to substantially reduce the risk of losses from unfavourable exchange rate movements on holdings in currencies that differ from the dealing currency. Hedging also has the effect of limiting the potential for currency gains to be made. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
Tokyo Stock Exchange Index (TOPIX)
Investment style
Value
Investment method
Shares

Performance snapshot

Quick stats

1 Year return

24.12 %

1 Year rank in sector

37/106

Sector

FO Equity - Japan

Yield
-
Fund size

£ 31.3 b

FE Risk score

134

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Japan
    97.2%
  • Money Market
    2.8%
  • Machinery
    23.4%
  • Electronic & Electrical Equipment
    22.4%
  • Others
    9.6%
  • Communications
    8.1%
  • Wholesale
    7.1%
  • Japanese Equities
    97.2%
  • Money Market
    2.8%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.3 %11.47 %24.12 %30.4 %106.07 %
Sector0.57 %7.74 %22.04 %36.32 %114.4 %
Rank within sector29 / 11011 / 10937 / 10651 / 9141 / 77
Quartile th2 nd1 st2 nd3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund13.8 %-3.38 %8.25 %3.68 %43.95 %
Sector9.29 %4.48 %11.76 %4.15 %43.22 %
Rank within sector15 / 10982 / 10074 / 9349 / 8743 / 82
Quartile th1 st4 th4 th3 rd3 rd

Risk statistics

Alpha-3.02
Beta1.19
Sharpe0.32
Volatility16.61
Tracking error7
Information ratio-0.22
R-Squared0.84

Price movement

52 week high32052
52 week low24660
Current bid price0
Current offer price0
Current mid price32052

Holdings by region

  • 97.2% Japan
  • 2.8% Money Market

Holdings by sector

  • 23.4% Machinery
  • 22.4% Electronic & Electrical Equipment
  • 9.6% Others
  • 8.1% Communications
  • 7.1% Wholesale
  • 5.4% Chemicals
  • 5.1% Retail
  • 4.2% Insurance
  • 4.1% Transport Equipment
  • 4% Banks

Holdings by asset type

  • 97.2% Japanese Equities
  • 2.8% Money Market

Individual holdings

  • 4.8% MISUMI GROUP INC
  • 4.5% MAKITA CORP
  • 4.2% SMC CORP
  • 4.2% SOFTBANK GROUP CORP
  • 4% KEYENCE CORP
  • 4% MITSUBISHI UFJ FINANCIAL GROUP
  • 3.9% DISCO CORP
  • 3.8% DAIKIN INDUSTRIES
  • 3.8% NIDEC CORP
  • 3.4% SONY CORP