Japan Value Fund
A value-driven approach focussed on Japanese equities
AUM 28.04.2023
Active Share is a measure of the percentage of stock holdings in a fund that differ from the benchmark index
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AUM 28.04.2023
Active Share is a measure of the percentage of stock holdings in a fund that differ from the benchmark index
The Fund aims to generate long-term capital growth by investing in the shares of Japanese companies, or companies that generate a significant amount of their business in Japan. The Fund will apply a 'value' based stock picking approach, investing in a concentrated portfolio of large, medium and small capitalisation companies.
The Fund will apply a 'value' based stock picking approach, investing in a concentrated portfolio of large, medium and small capitalisation companies that exercise a significant part of their economic activities in Japan or are organised under the laws of Japan.
He has been manager of the Polar Capital Japan Value Fund, formerly Japan Alpha Fund, since its launch in 2012.
Prior to joining Polar Capital, Gerard worked in the Japanese equity team at Schroder Investment Management.
He holds a BSc (1st Class Hons) in applied accounting and is a chartered accountant and a CFA charter holder.
Please click on each country to see share class availability
Risks:
Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Japan Value Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Fund is actively managed and uses the TOPIX Total Return Index as a performance target and to calculate the performance fee. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.jpx.co.jp/english/markets/indices/topix. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
Invalid Dates
Update chartSince Launch | |||||||||
---|---|---|---|---|---|---|---|---|---|
1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | Cumulative | Annualised | |
GBP Class S Dist | 0.95 | 1.69 | 3.29 | 18.21 | 26.13 | 15.23 | 91.26 | 155.99 | 9.37 |
Index | -0.23 | -0.15 | 3.14 | 7.78 | 18.35 | 17.09 | 96.79 | 165.93 | 9.77 |
Source: Northern Trust International Fund Administration Services (Ireland) Ltd, monthly percentage growth, GBP and has been calculated to account for the deduction of fees. Performance data takes account of fees paid by the fund but does not take account of any commissions or costs you may pay to third parties when subscribing for or redeeming shares or any taxes or securities account charges that you may pay on your investment in the fund. Such charges will reduce the performance of your investment. A 5% subscription fee can be charged at the Investment Managers discretion. The GBP Class S Dist was launched on 31 October 2012. The index performance figures are sourced from Bloomberg and are in GBP terms. These figures refer to the past. Investments in funds are subject to risk. Past performance is not a reliable indicator of future returns. The money invested in a fund can increase and decrease in value and past performance is not a reliable indicator that you will get back the full amount invested. The performance calculation is based on GBP. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
All Institutional share classes of the Japan Value Fund were changed to S share classes as at 29 December 2016.
On 12 January 2018 the Polar Capital Japan Alpha Fund was renamed the Polar Capital Japan Value Fund. The Polar Capital Japan Value strategy change occurred as at 29 July 2016. Investors can review the Fund’s prospectus for further information and a full explanation of the strategy for the Fund.
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|---|---|---|
JPY Class S Dist | 68.84 | 2.47 | 9.59 | -1.46 | 26.76 | -16.32 | 22.40 | -12.23 | 15.24 | 10.96 |
Index | 54.41 | 10.27 | 12.06 | 0.31 | 22.23 | -15.97 | 18.12 | 7.39 | 12.74 | -2.45 |
12 months to | 26.04.19 | 30.04.20 | 30.04.21 | 28.04.22 | 28.04.23 |
---|---|---|---|---|---|
GBP Class S Dist | -0.95 | -7.77 | 10.80 | -3.70 | 18.21 |
Index | -1.79 | 0.74 | 16.12 | -5.43 | 7.78 |
Please click on each country to see share class availability
Risks:
Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Japan Value Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Fund is actively managed and uses the TOPIX Total Return Index as a performance target and to calculate the performance fee. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.jpx.co.jp/english/markets/indices/topix. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Performance: The performance shown has been calculated to account for the deduction of fees and expenses and includes the reinvestment of dividends and capital gain distributions. £ or GBP/US$/JPY/EUR/CHF = Currency abbreviations of: British Pound sterling/US Dollar/Japanese Yen/Euro/Swiss Franc, respectively.
Risk: Factors affecting fund performance may include changes in market conditions (including currency risk) and interest rates, as well as other economic, political, or financial developments. The Fund’s investment policy allows for it to enter into derivatives contracts. Leverage may be generated through the use of such financial instruments and investors must be aware that the use of derivatives may expose the Fund to greater risks, including, but not limited to, unanticipated market developments and risks of illiquidity, and is not suitable for all investors. Past performance is not a guide to or indicative of future results. Future returns are not guaranteed and a loss of principal may occur. Polar Capital may also receive a performance fee based on the appreciation in the NAV per share and accordingly the performance fee will increase with regard to unrealised appreciation, as well as realised gains. The performance fee may create an incentive for Polar Capital to make investments for Polar Capital Funds plc which are riskier than would be the case in the absence of a fee based on the performance of Polar Capital Funds plc.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
SK Kaken | 5.3 |
Daiwa Industries | 4.7 |
Sumitomo Mitsui Financial | 4.6 |
Suzuki Motor | 3.9 |
Toshiba | 3.3 |
Medikit | 3.2 |
Secom Co | 3.2 |
Forum Engineering | 2.9 |
Minebea | 2.8 |
Tokio Marine Holdings | 2.7 |
Total |
Fund | Index | |
---|---|---|
Large (Topix 100) | 21.5 | 63.3 |
Medium (Topix mid 400) | 24.1 | 27.8 |
Small (Topix small) | 52.4 | 9.0 |
Fund | Relative | ||
---|---|---|---|
Services | 14.6 | 9.5 | |
Machinery | 9.5 | 4.1 | |
Air Transportation | 3.0 | 2.5 | |
Banks | 8.5 | 2.5 | |
Chemicals | 8.3 | 2.2 | |
Transportation Equipment | 9.3 | 2.0 | |
Rubber Products | 2.7 | 1.9 | |
Glass & Ceramics Products | 2.1 | 1.4 | |
Metal Products | 1.7 | 1.2 | |
Electric Power & Gas | 2.1 | 0.8 | |
Iron & Steel | 0.0 | -0.9 | |
Retail Trade | 3.7 | -0.9 | |
Other Financing Business | 0.0 | -1.1 | |
Wholesale Trade | 4.9 | -1.4 | |
Construction | 0.0 | -2.1 | |
Information & Communication | 6.3 | -2.3 | |
Land Transportation | 0.0 | -3.1 | |
Foods | 0.0 | -3.7 | |
Pharmaceutical | 1.0 | -4.6 | |
Electric Appliances | 10.5 | -7.2 | |
Note: Totals may not sum due to rounding.
It should not be assumed that recommendations made in future will be profitable or will equal performance of the securities in this document. A list of all recommendations made within the immediately preceding 12 months is available upon request.
Please click on each country to see share class availability
Risks:
Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Japan Value Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Holdings: Portfolio data is “as at” the date indicated and should not be relied upon as a complete or current listing of the holdings (or top holdings) of the fund. The holdings may represent only a small percentage of the aggregate portfolio holdings, are subject to change without notice, and may not represent current or future portfolio composition. Information on particular holdings may be withheld if it is in the fund’s best interest to do so. A historic complete list of the portfolio holdings may be made available upon request. It should not be assumed that recommendations made in future will be profitable or will equal performance of the securities in this document. A list of all recommendations made within the immediately preceding 12 months is available upon request. This document is designed to provide updated information to professional investors to enable them to monitor the Fund. No other persons should rely upon it. The information provided in this document should not be considered a recommendation to purchase or sell any particular security.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Fund is actively managed and uses the TOPIX Total Return Index as a performance target and to calculate the performance fee. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.jpx.co.jp/english/markets/indices/topix. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Allocations: The strategy allocation percentages set forth in this document are estimates and actual percentages may vary from time-to-time. The types of investments presented herein will not always have the same comparable risks and returns. Please see the private placement memorandum for a description of the investment allocations as well as the risks associated therewith. Please note that the Fund may elect to invest assets in different investment sectors from those depicted herein, which may entail additional and/or different risks. Performance of the Fund is dependent on the Investment Manager’s ability to identify and access appropriate investments, and balance assets to maximize return to the Fund while minimizing its risk. The actual investments in the Fund may or may not be the same or in the same proportion as those shown herein.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
Please click on each country to see share class availability
Risks:
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
Bloomberg | ISIN | SEDOL | OCF | ||
---|---|---|---|---|---|
GBP Class I Dist | POJAVIG ID | IE00BYW63T38 | BYW63T3 | 1.19% | - |
GBP Class I Dist Hedged | POJAIGH ID | IE00BFX4HT11 | BFX4HT1 | 1.19% | - |
USD Class I Dist Hedged | POJAIUH ID | IE00BFX4HR96 | BFX4HR9 | 1.19% | - |
USD Class I Dist | POJAVIU ID | IE00BYW63S21 | BYW63S2 | 1.19% | - |
EUR Class I Dist | POJAVIE ID | IE00BYW63V59 | BYW63V5 | 1.19% | - |
EUR Class I Dist Hedged | POJAIEH ID | IE00BFX4HW40 | BFX4HW4 | 1.19% | - |
JPY Class I Dist | PCJAIJY ID | IE00BYMD0W65 | BYMD0W6 | 1.19% | - |
CHF Class I Dist Hedged | POJVIHC ID | IE00BK63DF82 | BK63DF8 | 1.19% | - |
GBP Class R Dist | POJVLRS ID | IE00BK63S973 | BK63S97 | 1.54% | - |
GBP Class R Dist Hedged | PCJARBH ID | IE00B4WY8142 | B4WY814 | 1.54% | - |
USD Class R Dist | PCJARUI ID | IE00B3KK5164 | B3KK516 | 1.54% | - |
USD Class R Dist Hedged | PCJARUH ID | IE00B88DDG32 | B88DDG3 | 1.54% | - |
EUR Class R Dist | POJVLRE ID | IE00BK63S866 | BK63S86 | 1.54% | - |
EUR Class R Dist Hedged | PCJAREH ID | IE00B7G7VV19 | B7G7VV1 | 1.54% | - |
JPY Class R Dist | PCJARJI ID | IE00B88S7N36 | B88S7N3 | 1.54% | - |
CHF Class R Dist Hedged | POJVRHC ID | IE00BK63DD68 | BK63DD6 | 1.54% | - |
OCF is correct as at the date of the latest published KIID.
Polar Capital Funds plc - Japan Value Fund | 549300M1VVCT6ODJ5Z19 |
Polar Capital Funds plc | AC04XZR030XL8IH7BK98 |
Polar Capital LLP | 4YW3JKTZ3K1II2GVCK15 |
Please click on each country to see share class availability
Risks:
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
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