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LINDSELL TRAIN JAPANESE EQUITY A JPY

LINDSELL TRAIN JAPANESE EQUITY A JPY - Overview

Overview of LINDSELL TRAIN JAPANESE EQUITY A JPY Buy in ISA Buy in Investment Account

The fund aims to achieve capital growth over the longer term through investing in a concentrated portfolio of equities primarily quoted on Japanese stock market.

  • Standard Initial Charge 4.50%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector
Structure OFFSHORE FUND
Launched October, 1998
Size £279m
Yield 0.0%
Charging basis
Dividends paid

Charges

Standard initial charge 4.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 2.03%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 97
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 3
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 100
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 61
Mid Caps 21
Small Caps 18
View all performance data for this fund

Investment process

The objective is to outperform the TOPIX index and to maximise total return over the longer term from a well-diversified portfolio of equities, (and, if considered appropriate, convertible securities) primarily quoted on stock markets in Japan.

Live feed

Bid price(inc) 348.26p 210.33p
Accum units 348.26p
Fund commentary
Fund data updated on 20/09/18

Asset allocation

Allocation Proportion(%)
Equity 97
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 3

Equity Geographic

Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 100
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 61
Mid Caps 21
Small Caps 18

Top 10 holdings

As at 30th June 2016:
9.3% Nintendo
9.3% Kao Corporation
8.4% Astellas Pharmaceutical
7.0% OBIC Business Consultants
5.3% Shiseido
4.9% Japan Exchange Group
4.9% Takeda Pharmaceutical
4.8% Kirin Holdings
4.8% Ito En (pref)
4.8% Taisho Pharmaceutical
Source: Lindsell Train

Sector breakdown

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
13/14 14/15 15/16 16/17 17/18   3 years 5 years Career 3 years 5 years Career
-0.95% 0.44% 0.21% 0.27%   0.49% 95.50%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Michael Lindsell

Manager. A Zoology graduate from Bristol University, Lindsell began his investment career at Lazards in 1982. He joined Scimitar Asset Management in 1985, where he was responsible for Pacific and Japanese mandates, before specialising in Japan. In 1989 he moved to Warburg's London where he was director and head of MAM's Japanese fund management. He joined GT, Tokyo, in 1992 and was CIO as well as being responsible for GT’s Japanese funds and global funds sourced out of Japan. He returned to London in 1997 to assume responsibility for GT's Global and International funds, and following Invesco's aquisition of GT in 1998 he became head of the combined global product team. In 2000 he left Invesco to form his own investment management business, Lindsell Train Ltd, along with Nick Train.

Track record

Michael Lindsell has 12.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.49%. During the worst period of relative performance (from February 2002 - December 2003) there was a decline of 23% relative to the index. The worst absolute loss has been 36%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 96%.

Periods of worst performance
Absolute -36% (April 1996 - March 2003)
Relative -23% (February 2002 - December 2003)

Other funds managed

Sector record since October 1992 (13 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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