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M&G JAPAN SMALLER COMPANIES I

M&G JAPAN SMALLER COMPANIES I - Overview

Overview of M&G JAPAN SMALLER COMPANIES I Buy in ISA Buy in Investment Account

Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. M&G JAPAN SMALLER COMPANIES I does not fall into either of these categories at present.

  • Standard Initial Charge 1.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Japanese Smaller Companies
Structure OEIC
Launched August, 2012
Size £279m
Yield 1.6%
Charging basis
Dividends paid Oct

Charges

Standard initial charge 1.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.96%

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 Investor Information 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 99
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 1
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 100
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 12
Mid Caps 54
Small Caps 34
View all performance data for this fund

Investment process

The fund aims for long term capital growth by investing mainly in a portfolio of smaller Japanese companies. Some medium sized and larger companies are also used to enhance liquidity.

Live feed

Bid price(inc) 2,835.54p
Accum units 2,995.60p
Fund commentary
Fund data updated on 11/12/17

Asset allocation

Allocation Proportion(%)
Equity 99
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 1

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 12
Mid Caps 54
Small Caps 34

Top 10 holdings

As at: 31/10/2017
4.0087%Mazda Motor Corp
3.8531%Nikon Corp
3.847%Wacom Co
3.8074%Iida Group Hldgs Co Ltd
3.7833%Ibj Leasing Co Ltd
3.7192%Jsr Corp
3.4728%Oki Electric Industry Co
3.4623%United Arrows
3.4056%Monex Group Inc
3.3497%Seiko Corp
Source: Trustnet

Sector breakdown

Financials 22%
Consumer Goods 20%
Industrials 20%
Consumer Services 16%
Technology 11%
Basic Materials 7%
Money Market 4%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
12/13 13/14 14/15 15/16 16/17   3 years 5 years Career 3 years 5 years Career
0.35% 0.03%   0.04% 81.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Johan Du Preez

Manager. Du Preez joined M&G in September 2015. He started his investment career in 1998 with Prudential Portfolio Managers South Africa, before transferring to Prudential Asset Management Hong Kong in 2006. He previously worked as an actuarial consultant. Du Preez graduated in 1992 from University of Witwatersrand, Johannesburg with a BSc (Econ) in mathematical statistics and actuarial science. He also holds a masters degree in economics from Cape Town University. He is a member of the Institute of Actuaries and the Association for Investment Management and Research. He was awarded the CFA in 2000.

Track record

Johan Du Preez has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.04%. During the worst period of relative performance (from December 2010 - June 2016) there was a decline of 12% relative to the index. The worst absolute loss has been 31%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 81%.

Periods of worst performance
Absolute -31% (June 2006 - February 2009)
Relative -12% (December 2010 - June 2016)

Other funds managed

  Start Date
M&G JAPAN ASep 2015
M&G JAPAN SMALLER COMPANIES ASep 2015

Sector record since June 2006 (8 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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