Fact sheet: LO Alpha Japan

Fund information

Fund name
LO Alpha Japan (JPY) R A
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Alpha Japan Asset Advisors Ltd
since 01/08/2012
Fund objective
LO Funds - Alpha Japan is an actively managed UCITS portfolio. Its long-only Japanese equity strategy has been in place since July 2008. It is managed by Alpha Japan Asset Advisors and seeks to outperform the Topix index over the long term. Stocks are selected for their fundamental merits over the medium to long-term, and actively managed to benefit from sector rotations and flow reversals, a feature of the Japanese equity market. The strategy is opportunistic and emphasises a bottom-up approach to research in seeking investment opportunity across the capitalisation spectrum. it employs a broad market mandate that allows flexibility in security selection, sector and style exposures. The portfolio invests in around 55-80 high conviction stocks with the top 10 positions representing 30-40% of assets. Risk management is performed by the fund managers at a portfolio level, while independent teams manage investment risks and monitor operational risks.
Benchmark
TOPIX
Investment style
Concentrated,Active,Growth
Investment method
Shares

Quick stats

1 Year return

33.77 %

1 Year rank in sector

20/110

Sector

FO Equity - Japan

Yield
-
Fund size

£ 15.3 b

FE Risk score

134

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Japan
    98.5%
  • Money Market
    1.5%
  • Consumer Discretionary
    24.2%
  • Information Technology
    19.7%
  • Industrials
    16.3%
  • Financials
    12.9%
  • Materials
    8.5%
  • Japanese Equities
    99%
  • Money Market
    1%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund6.67 %21.36 %33.77 %43.68 %109.84 %
Sector5.6 %18.38 %26.74 %52.54 %117.61 %
Rank within sector39 / 11129 / 11120 / 11066 / 9345 / 82
Quartile th2 nd2 nd1 st3 rd3 rd

Calendar performance

YTD-20182017201620152014
Fund4.92 %27.5 %-4.65 %9.46 %1.23 %
Sector4.39 %22.97 %4.48 %11.76 %4.15 %
Rank within sector36 / 11123 / 11088 / 10069 / 9262 / 87
Quartile th2 nd1 st4 th3 rd3 rd

Risk statistics

Alpha-3.52
Beta1.1
Sharpe0.43
Volatility15.09
Tracking error5.19
Information ratio-0.48
R-Squared0.89

Price movement

52 week high1727
52 week low1261
Current bid price0
Current offer price0
Current mid price1727

Holdings by region

  • 98.5% Japan
  • 1.5% Money Market

Holdings by sector

  • 24.2% Consumer Discretionary
  • 19.7% Information Technology
  • 16.3% Industrials
  • 12.9% Financials
  • 8.5% Materials
  • 6.1% Health Care
  • 4.3% Telecommunications
  • 3.8% Real Estate
  • 3.2% Consumer Staples
  • 1% Others

Holdings by asset type

  • 99% Japanese Equities
  • 1% Money Market

Individual holdings

  • 3.2% MITSUBISHI UFJ FINANCIAL GROUP
  • 3.2% TOYOTA INDUSTRIES CORP
  • 2.8% SONY CORP
  • 2.8% TOYOTA MOTOR CORP
  • 2.7% CANON INC
  • 2.6% SOFTBANK GROUP CORP
  • 2.5% K`S HLDGS CORP
  • 2.2% NIDEC CORP
  • 2% EAST JAPAN RAILWAY CO
  • 2% HITACHI HIGH-TECHNOLOGIES CO