Jupiter Japan Income Class I Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | 2.0% | 30.1% | -3.2% | 2.7% | 13.1% |
| Sector | -3.4% | 31.8% | -4.4% | 0.7% | 18.2% |
| Rank | 13/93 | 55/93 | 59/98 | 26/101 | 79/101 |
| Quartile | 1 | 3 | 3 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 4.0% | 8.3% | 10.8% | |
| Sector | 4.4% | 7.7% | 9.4% | |
| Rank | 63/97 | 39/93 | 11/68 | |
| Quartile | 3 | 2 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| GBPFWD FX CONTRACT15 JAN 2024 | 17.90 |
| MITSUI SUMITOMO INSURANCE CO. | 7.17 |
| TOKIO MARINE HOLDINGS | 5.46 |
| SHIN-ETSU CHEMICAL CO. | 5.16 |
| SONY CORP | 4.96 |
| SOFTBANK CORP | 4.70 |
| RECRUIT HOLDINGS CO. | 4.55 |
| ORIX CORPORATION | 4.50 |
| SEKISUI HOUSE | 4.25 |
| BRIDGESTONE CORPORATION | 4.00 |
| Total | 62.66 |
Fund Aims
At least 70% of the Fund is invested in shares of companies based in Japan. Up to 30% of the Fund may be invested in other assets, including shares of companies based anywhere in the world, open-ended funds (including funds managed by Jupiter and its associates), cash and near cash.
Fund Manager
Dan Carter joined Jupiter in 2008. Dan has managed the Jupiter Japan Select SICAV since October 2013 and became the lead manager of the Jupiter Japan Income Fund in May 2016.
Mitesh joined Jupiter in October 2016 and is a fund manager specialising in Japanese equities. He works alongside Dan Carter in the management of the Jupiter Japan Income Fund (Unit Trust) and the Jupiter Japan Select fund (SICAV).
Mitesh began his investment career in 2006. Prior to joining Jupiter, Mitesh was a Japanese equity analyst at Barings Asset Management from 2009 and Investment Manager, Japanese Equities from 2013. Before joining Barings, Mitesh spent three years at BlackRock Investment Management on the Global Equities and UK Equities teams.
Mitesh has a BSc in Investment & Financial Risk Management from Cass Business School and is a CFA® charterholder.
Fund Overview
| Mid (26/04/2024) | 112.09p |
| Historic yield | 2.42% |
| Fund size (31/12/2023) | £1137.75m |
| Number of holdings | 46 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.98% |
| Launch date | 17/09/2012 |
Asset Allocation
| International Equities | 96.47% | |
| Property | 2.68% | |
| Cash and Equivalents | 1.01% | |
| Other Assets | -0.17% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 96.47% | |
| Property | 2.68% | |
| Cash and Equivalents | 1.01% | |
| Other Assets | -0.17% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 20.21% | - | - | - | |
| Financial Services | - | 7.58% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.58% | - | |
| Diversified Financial Services | - | - | - | 4.50% | |
| Investment Services | - | - | - | 1.89% | |
| Asset Managers & Custodians | - | - | - | 1.19% | |
| Banks | - | 7.17% | - | - | |
| Banks | - | - | 7.17% | - | |
| Banks | - | - | - | 7.17% | |
| Insurance | - | 5.46% | - | - | |
| Non-life Insurance | - | - | 5.46% | - | |
| Property & Casualty Insurance | - | - | - | 5.46% | |
| Industrials | 19.82% | - | - | - | |
| Industrial Goods & Services | - | 16.76% | - | - | |
| Industrial Support Services | - | - | 8.94% | - | |
| Business Training & Employment Agencies | - | - | - | 6.71% | |
| Professional Business Support Services | - | - | - | 1.90% | |
| Transaction Processing Services | - | - | - | 0.33% | |
| Electronic & Electrical Equipment | - | - | 4.68% | - | |
| Electrical Components | - | - | - | 4.68% | |
| Industrial Engineering | - | - | 3.13% | - | |
| Machinery: Industrial | - | - | - | 3.13% | |
| Construction & Materials | - | 3.06% | - | - | |
| Construction & Materials | - | - | 3.06% | - | |
| Construction | - | - | - | 3.06% | |
| Consumer Discretionary | 18.09% | - | - | - | |
| Consumer Products & Services | - | 13.59% | - | - | |
| Leisure Goods | - | - | 7.80% | - | |
| Consumer Electronics | - | - | - | 4.96% | |
| Recreational Products | - | - | - | 2.84% | |
| Household Goods & Home Construction | - | - | 5.79% | - | |
| Home Construction | - | - | - | 5.79% | |
| Automobiles & Parts | - | 4.00% | - | - | |
| Automobiles & Parts | - | - | 4.00% | - | |
| Tires | - | - | - | 4.00% | |
| Media | - | 0.50% | - | - | |
| Media | - | - | 0.50% | - | |
| Media Agencies | - | - | - | 0.50% | |
| Technology | 15.86% | - | - | - | |
| Technology | - | 15.86% | - | - | |
| Technology Hardware & Equipment | - | - | 9.45% | - | |
| Semiconductors | - | - | - | 5.11% | |
| Computer Hardware | - | - | - | 3.09% | |
| Electronic Components | - | - | - | 1.25% | |
| Software & Computer Services | - | - | 6.41% | - | |
| Computer Services | - | - | - | 4.56% | |
| Software | - | - | - | 1.85% | |
| Basic Materials | 9.60% | - | - | - | |
| Chemicals | - | 9.60% | - | - | |
| Chemicals | - | - | 9.60% | - | |
| Chemicals: Diversified | - | - | - | 9.60% | |
| Telecommunications | 8.72% | - | - | - | |
| Telecommunications | - | 8.72% | - | - | |
| Telecommunications Service Providers | - | - | 8.45% | - | |
| Telecommunications Services | - | - | - | 8.45% | |
| Telecommunications Equipment | - | - | 0.26% | - | |
| Telecommunications Equipment | - | - | - | 0.26% | |
| Health Care | 3.43% | - | - | - | |
| Health Care | - | 3.43% | - | - | |
| Medical Equipment & Services | - | - | 3.43% | - | |
| Medical Equipment | - | - | - | 3.43% | |
| Real Estate | 2.68% | - | - | - | |
| Real Estate | - | 2.68% | - | - | |
| Real Estate Investment Trusts | - | - | 2.68% | - | |
| Diversified REITs | - | - | - | 2.68% | |
| Cash and Equivalents | 1.01% | - | - | - | |
| Utilities | 0.75% | - | - | - | |
| Utilities | - | 0.75% | - | - | |
| Waste & Disposal Services | - | - | 0.75% | - | |
| Waste & Disposal Services | - | - | - | 0.75% | |
| Non-Classified | -0.17% | - | - | - | |
Regional Allocation
| Japan | 96.47% | |
| Property | 2.68% | |
| Cash and Equivalents | 1.01% | |
| Non-Classified | -0.17% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.34% | |
| Pound Sterling | 2.66% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Japan | 96.47% | - | |
Japan
|
- | 96.47% | |
| Property | 2.68% | - | |
| Cash and Equivalents | 1.01% | - | |
| Non-Classified | -0.17% | - | |
Breakdown By Market Cap (%)
| Mega |
|
42.30% |
| Large |
|
26.60% |
| Medium |
|
10.84% |
| Small |
|
18.00% |
| Micro |
|
1.09% |
| Non-Classified |
|
0.16% |
| Cash |
|
1.01% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | GBPFWD FX CONTRACT15 JAN 2024 | 17.90% | Non-Classified | Non-Classified |
| 2 | MITSUI SUMITOMO INSURANCE CO. | 7.17% | Banks | Japan |
| 3 | TOKIO MARINE HOLDINGS | 5.46% | Non-life Insurance | Japan |
| 4 | SHIN-ETSU CHEMICAL CO. | 5.16% | Chemicals | Japan |
| 5 | SONY CORP | 4.96% | Leisure Goods | Japan |
| 6 | SOFTBANK CORP | 4.70% | Telecommunications Service Providers | Japan |
| 7 | RECRUIT HOLDINGS CO. | 4.55% | Industrial Support Services | Japan |
| 8 | ORIX CORPORATION | 4.50% | Investment Banking & Brokerage Services | Japan |
| 9 | SEKISUI HOUSE | 4.25% | Household Goods & Home Construction | Japan |
| 10 | BRIDGESTONE CORPORATION | 4.00% | Automobiles & Parts | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 15.86% | - | - | - | - | - | - | 15.86% |
| Telecommunications | - | 8.72% | - | - | - | - | - | - | 8.72% |
| Financials | - | 20.21% | - | - | - | - | - | - | 20.21% |
| Real Estate | - | - | - | - | - | 2.68% | - | - | 2.68% |
| Consumer Discretionary | - | 18.09% | - | - | - | - | - | - | 18.09% |
| Utilities | - | 0.75% | - | - | - | - | - | - | 0.75% |
| Health Care | - | 3.43% | - | - | - | - | - | - | 3.43% |
| Industrials | - | 19.82% | - | - | - | - | - | - | 19.82% |
| Basic Materials | - | 9.60% | - | - | - | - | - | - | 9.60% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.01% | 1.01% |
| Non-Classified | - | - | - | - | - | - | -0.17% | - | -0.17% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B6QC0Z6 |
| Mex Code | RWJEDV |
| Isin Code | GB00B6QC0Z69 |
| Citi Code | 09QT |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.98% |
Aims and Benchmark
| Aims | At least 70% of the Fund is invested in shares of companies based in Japan. Up to 30% of the Fund may be invested in other assets, including shares of companies based anywhere in the world, open-ended funds (including funds managed by Jupiter and its associates), cash and near cash. |
| Benchmark | TSE 1st Section (TOPIX) |
| Benchmark Category | - |
| IA Sector | Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 31 March |
| 01 August | 30 September |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Northern Trust Global Services Limited |
| Fund Administrator | Northern Trust Global Services Limited |
| Fund Registrar | SS&C TECHNOLOGIES INC |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Jupiter Unit Trust Managers Limited |
| Group address | The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ |
| Group telephone | 020 3817 1063 |
| Dealing telephone | 0800 561 4000 |
| intermediary-sales-support@jupiteram.com | |
| Homepage | www.jupiteram.com |
| Fax number | 0800 561 4001 |
Dealing
| Minimum Investment | £5000000 |
| Minimum Top Up | £50000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.45 |
| Beta | 0.96 |
| Sharpe | 0.04 |
| Standard Deviation | 11.18 |
| Info Ratio | -0.17 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.