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Contact details

ManagerGroupLogo
M&G Group, Laurence Pountney Hill, London, EC4R 0HH
0800 328 3196 (Dealing)
20 7626 4588 (Enquiries)
0870 043 4200 (Fax Number)
0800 328 3191 (IFA Support)
0800 390 390 (Main Number)

info@mandg.co.uk

Fund managers

* Max Godwin31-Mar-2007 to Present
 
view    
Dean Cashman»01-Mar-2010 to Present
Dean Cashman»01-May-2006 to 28-Feb-2010
Vaughn Chang»05-Jun-2006 to 28-Feb-2007
Kenichi Ura»01-Jan-1999 to 04-Jun-2006
PCA Japan»01-Jul-2004 to 31-Aug-2004


Investment objectives

The Fund invests wholly or predominantly in securities of smaller Japanese companies, the universe for which is the bottom third in terms of total market capitalisation of all publicly listed equity in Japan. When not wholly invested as above, the Fund may also invest in medium sized and larger companies in order to enhance its liquidity. Its sole objective is long term capital growth.

Key Information

Fund vs sector

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

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 4 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 8.07 13.32
Alpha 9.13 4.11
Beta 0.60 0.85
Sharpe 0.88 0.90
Info Ratio 1.24 0.34
R2 0.62 0.80
Quartiles:   1  2  3  4   help with ratios
vs. Japanese Smaller Companies»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +2.3+48.3+75.3+43.1+1.3+16.8+1.3
  JAPANESE SMALLER COMPANIES   -6.6+38.0+52.3+47.6+0.1+13.2-2.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G JAPAN SMALLER COMPANIES I ACC GBP ACC 1468.38 (p) 20-Oct-2014 0.79 0.96% 0ZEY B7FGLY2
pdf M&G JAPAN SMALLER COMPANIES I INC GBP INC 1440.87 (p) 20-Oct-2014 0.79 0.96% 0ZEZ B62S8P4
pdf M&G JAPAN SMALLER COMPANIES R ACC GBP ACC 146.00 (p) 20-Oct-2014 0.55 1.21% 0ZF0 B731FV4
pdf M&G JAPAN SMALLER COMPANIES R INC GBP INC 143.97 (p) 20-Oct-2014 0.55 1.21% 0ZF1 B7FGMR2
pdf M&G JAPAN SMALLER COMPANIES C ACC EUR ACC 20.16 (EUR) 20-Oct-2014 0.77 0.96% MO85 3093922
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G JAPAN SMALLER COMPANIES A ACC GBP ACC 308.66 (p) 20-Oct-2014 0.07 1.71% MA01 3093900
pdf M&G JAPAN SMALLER COMPANIES A INC GBP INC 294.17 (p) 20-Oct-2014 0.08 1.71% MA02 3093870
pdf M&G JAPAN SMALLER COMPANIES A ACC EUR ACC 18.33 (EUR) 20-Oct-2014 0.08 1.71% MO69 3093911
pdf M&G JAPAN SMALLER COMPANIES X INC GBP INC 292.40 (p) 20-Oct-2014 0.07 1.70% MW98 3195646
pdf M&G JAPAN SMALLER COMPANIES X ACC GBP ACC 306.32 (p) 20-Oct-2014 0.08 1.70% MW99 3195668

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£109.1m / $175.6m (31-Aug-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch15-May-1984
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 100
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policySep 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Japan Equity Mixed Japanese Smaller Companies
Largest holdings, 31-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
TDK CORP 3.72 1 - -
HAMAKYOREX 3.49 2 - -
TOKYO TOMIN BANK 3.31 3 - -
RENGO CO 3.26 4 - -
TOCALO CO 3.11 5 - -
SHOWA DENKO KK 3.04 6 - -
SUMITOMO HEAVY INDUSTRIES 3.02 7 - -
COCOKARA FINE INC 2.90 8 - -
TEIJIN 2.88 9 - -
NOK CORP 2.77 10 - -
Total31.50 
Regional weightings, 31-Aug-2014
Region(%)Rank 
Japan98.331 98.33% Japan
Cash1.672 1.67% Cash
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Industrials32.021 32.02% Industrials
Consumer services19.182 19.18% Consumer services
Consumer goods14.493 14.49% Consumer goods
Basic materials13.204 13.20% Basic materials
Technology10.785 10.78% Technology
Financials8.666 8.66% Financials
Cash1.677 1.67% Cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

Japanese Equities, 98.33%
98.3300% ofJapanese Equities
Money Market, 1.67%
1.6700% ofMoney Market

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