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Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

ManagerGroupLogo
31 Gresham Street, London, EC2V 7QA
0800 718 777 (Main Number)

Fund managers

* Andrew Rose»01-Nov-2007 to Present
Donald Farquharson»01-Jan-2004 to 01-Jun-2008
Denis Clough»01-Jan-1999 to 01-Jan-2003


Investment objectives

To achieve capital growth by investing in Japanese equities. The fund manager focuses on companies with a proven track record and solid profits growth prospects which are not fully reflected in the current share price relative to other companies. These valuation discrepancies are caused by short-term sentiment, and tend to narrow in the long term as other investors take advantage of good value share prices among good quality companies.

Key Information

Fund vs sector

  1y 3y
Position 3 / 3 3 / 3
Quartile 4 4

Fund ratings

FE Crown Rating: 2 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 19.03 18.43
Alpha -2.53 -3.02
Beta 0.85 0.92
Sharpe 1.63 0.40
InfoRatio -1.02 -0.59
R2 0.85 0.85
Quartiles:   1  2   3  4   help with ratios
vs. Japan Equities»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+56.4 +50.0 +48.3 +0.3 -4.4 +33.3 -25.8
  NAV +50.7+39.6+43.1-2.0 -5.5+26.5-19.0
  Japan Equities +69.3+69.0+70.4-1.5+1.3+27.4-20.8
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf SCHRODER JAPAN GROWTH PLC UNIT 132.00 (p) 21-May-2013 -8.33 143.99 143.24
20-May-2013
111 n/a n/a
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
SCHRODER JAPAN GROWTH PLC UNIT LONDON 10 125,008,000 165.01 n/a n/a company announcements
Share identifiers: TIDM: SJG; SEDOL: 0802284; ISIN: GB0008022849
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched1994
Gross assets£199.3m / $301.8m
Sector Japan Equities
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsannual (Click to order)
Last report / accounts08-Oct-2012
Last AGM08-Nov-2012
Next AGMNovember 2012
EGMn/a
Stockbroker(s)Matrix Corporate Capital LLP
Management contractManagement agreement with Schroder Investment Management Ltd. Management fee at the annual rate of 1.0% of net assets is payable quarterly in arrears. Schroder Investment Management Limited is also entitled to receive a fee of GBP 55,000 per annum (plus VAT) for secretarial services provided to the Company. The agreement is terminable by either party on not less than one years notice.
Borrowing limitBorrowing may occur although it is not anticipated that gearing levels will exceed 25% of shareholders' funds.
Continuation / Wind-up provisionContinuation resolution at 2009 AGM and every five years thereafter. The Company has renewed its 14.99% share buy-back authority at the AGM held on 06/11/08.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Japan Equity n/a Japan Equities
Largest holdings, 28-Mar-2013
Holding (%) Rank Prev Holding (%) Rank Prev
TOYOTA MOTOR CORP6.201(1)HI-LEX CORP3.506(6)
EAST JAPAN RAILWAY CO3.902(4)SUMITOMO MITSUI FINANCIAL GROUP INC3.107(7)
SK KAKEN CO3.903(3)KDDI CORPORATION2.708(9)
BRIDGESTONE CORP3.804(5)SEVEN & I HOLDINGS CO LTD2.509(10)
MITSUI & CO3.805(2)NKSJ HLDGS INC2.5010(8)
 Total35.90 
Regional weightings, 28-Mar-2013
Region (%) Rank Prev  
Japan 111.50 1 (1) 111.50% Japan
Money Market -11.50 2 (2) -11.50% Money Market
Total100.00 
Sector weightings, 28-Mar-2013
Sector (%) Rank Prev  
Industrials 27.80 1 (1) 27.80% Industrials
Consumer Goods 19.30 2 (2) 19.30% Consumer Goods
Financials 18.90 3 (3) 18.90% Financials
Consumer Services 18.20 4 (4) 18.20% Consumer Services
Basic Materials 8.40 5 (5) 8.40% Basic Materials
Technology 6.80 6 (6) 6.80% Technology
Health Care 5.10 7 (7) 5.10% Health Care
Telecommunications 4.90 8 (8) 4.90% Telecommunications
Oil & Gas 2.10 9 (9) 2.10% Oil & Gas
Money Market -11.50 10 (10) -11.50% Money Market
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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Asset allocation

Japanese Equities, 111.50%
111.5000% ofJapanese Equities
Money Market, -11.50%
-11.5000% ofMoney Market

Sector analysis

Charting

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