M&G Japan Smaller Companies I Inc G

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 2,772.06 Day Change GBX +10.57 (0.38%)
Price Date 19 Oct 2017 Crown Rating 3
Shares Class Inc. Yield 1.63 %
Total Expense Ratio 0.93 Fund Size 259,140,000.00
Launch Date 15/05/1984 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.93
ISIN GB00B62S8P46 Min TopUp (£) 10,000.00
Ongoing Charge (%) 0.9300 Ongoing Charge Date 28/02/2017

Fund Objective

The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing at least 80% of the fund in the shares of smaller Japanese companies (companies that make up the bottom third of all publicly listed companies in Japan, in terms of stockmarket value). Income is not a consideration when choosing investments. Stocks are selected from across a wide range of industries. The fund manager focuses on stocks where he believes the share price is not fully valuing the company's sustainable earnings over the medium to long term. The portfolio typically holds between 30 and 50 stocks.

Fund Managers

Johan Du Preez

Johan Du Preez joined Prudential Portfolio Managers (South Africa) in 1998 and then moved to the Japan Equity team in 2004. Before joining Prudential, Johan worked at Momentum Employee Benefits as an Actuarial Consultant. Prior to that, he worked at Crusader Life, South Africa. Johan graduated from the University of Witwatersrand, and holds a Bachelor of Economics. He also holds a Masters of Commerce from the University of Cape Town and he is a Chartered Financial Analyst.

John Lothian

John Lothian joined M&G in March 2011 as a specialist on Japanese equities. His roles have included senior analyst on the M&G American Fund and M&G Global Leaders Fund, as well as senior research analyst covering global consumer, healthcare, and technology sectors. He was appointed deputy manager of the M&G Japan and M&G Japan Smaller Companies funds in September 2015. Prior to M&G, John co-managed a Japanese equity fund at Occam Asset Management. Before that, he covered Japanese stocks at Lazard Asset Management in London. John started his career at Lehman Brothers in Tokyo. He has an MBA from Columbia Business School, an MA in international relations from The Johns Hopkins University School of Advanced International Studies (SAIS), and a BA in Greek and Latin from The Catholic University of America. John is fluent in Japanese and is a CFA charterholder.

Performance Chart

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
WACOM CO 4.99%
IBJ LEASING CO LTD 4.13%
MAZDA MOTOR CORP 4.00%
JSR CORP 3.84%
IIDA GROUP HLDGS CO LTD 3.73%
NIKON CORP 3.71%
UNITED ARROWS 3.53%
OKI ELECTRIC INDUSTRY CO 3.49%
CHIYODA CO 3.43%
HAMAKYOREX 3.36%

Asset Breakdown

Name Weight
Japanese Equities 98.62%
Money Market 1.38%

Region Breakdown

Name Weight
Japan 98.62%
Money Market 1.38%

Sector Breakdown

Name Weight
Basic Materials 6.82%
Consumer Goods 20.62%
Consumer Services 15.89%
Financials 22.32%
Industrials 20.13%
Money Market 1.38%
Technology 12.83%