JPMorgan Fund ICVC Japan Class C Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
30/11/24 to 30/11/25 |
|
|---|---|---|---|---|---|
| Fund | 0.7% | -26.3% | 2.3% | 23.2% | 23.1% |
| Sector | 3.8% | -7.3% | 6.4% | 12.6% | 18.7% |
| Rank | 76/92 | 94/95 | 77/98 | 2/99 | 37/104 |
| Quartile | 4 | 4 | 4 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 15.8% | 2.9% | 10.7% | |
| Sector | 12.5% | 6.5% | 8.8% | |
| Rank | 31/98 | 77/92 | 9/73 | |
| Quartile | 2 | 4 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SONY CORP | 6.53 |
| ADVANTEST CORP | 5.57 |
| MITSUBISHI UFJ FINANCIAL GROUP | 5.27 |
| IHI CORPORATION | 5.26 |
| NINTENDO CO. | 4.87 |
| RAKUTEN BANK | 4.28 |
| ASICS CORPORATION | 3.91 |
| SOFTBANK GROUP CORP. | 3.84 |
| SANRIO COMPANY | 3.60 |
| NEC CORPORATION | 3.59 |
| Total | 46.71 |
Fund Aims
To provide capital growth over the long term by investing primarily in the shares of Japanese companies.
Fund Manager
Miyako Urabe, vice president, is a country specialist for Japan equities and a member of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team based in Tokyo. Miyako joined the Firm in 2013 from Credit Suisse Securities Equity Sales desk in Tokyo as an Asia ex-Japan specialist. She began her career at Morgan Stanley MUFG Securities covering Japan and Asia ex-Japan. Miyako obtained a Bachelors degree in Economics from Keio University, Japan.
Shoichi Mizusawa, managing director, is a country specialist for Japan equities and head of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team. Based in Japan, he leads the Japan-dedicated equity portfolio management teams in Hong Kong and Tokyo. Shoichi joined the Firm in 1997 as a marketing manager responsible for Japan pension funds. He transferred to the Japan Portfolio Group in 2000 and took up his current role in 2010. Prior to joining the Firm, Shoichi spent four years with Postipankki as the Tokyo representative in capital markets. He began his career with Mitsubishi Motors Corporation in 1989. Shoichi obtained a B.A. in Political Science and Economics from Waseda University and an M.B.A. from Simon Fraser University.
Nicholas Weindling, managing director, is a country specialist for Japan equities and a member of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team based in Tokyo. Nicholas joined the Firm in 2006 from Baillie Gifford in Edinburgh, where he worked initially as a U.K. large cap analyst and latterly as a Japanese equities investment manager. Nicholas obtained a B.A. (Honours) in History from Cambridge University.
Fund Overview
| Mid (05/12/2025) | 450.50p |
| Historic yield | 0.36% |
| Fund size (31/10/2025) | £916.45m |
| Number of holdings | 45 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
| Launch date | 01/04/1970 |
Asset Allocation
| International Equities | 98.48% | |
| Other Assets | 1.52% |
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 | 98.48% | |
| Other Assets | 1.52% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 28.64% | - | - | - | |
| Industrial Goods & Services | - | 23.08% | - | - | |
| General Industrials | - | - | 11.07% | - | |
| Diversified Industrials | - | - | - | 11.07% | |
| Industrial Transportation | - | - | 5.46% | - | |
| Marine Transportation | - | - | - | 5.46% | |
| Industrial Support Services | - | - | 4.43% | - | |
| Security Services | - | - | - | 1.92% | |
| Business Training & Employment Agencies | - | - | - | 1.55% | |
| Industrial Suppliers | - | - | - | 0.95% | |
| Electronic & Electrical Equipment | - | - | 2.11% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.28% | |
| Electrical Components | - | - | - | 0.83% | |
| Construction & Materials | - | 5.57% | - | - | |
| Construction & Materials | - | - | 5.57% | - | |
| Construction | - | - | - | 2.03% | |
| Building Materials: Other | - | - | - | 1.81% | |
| Engineering & Contracting Services | - | - | - | 1.73% | |
| Consumer Discretionary | 24.43% | - | - | - | |
| Consumer Products & Services | - | 20.38% | - | - | |
| Leisure Goods | - | - | 15.45% | - | |
| Consumer Electronics | - | - | - | 6.53% | |
| Electronic Entertainment | - | - | - | 5.32% | |
| Toys | - | - | - | 3.60% | |
| Personal Goods | - | - | 4.93% | - | |
| Footwear | - | - | - | 3.91% | |
| Luxury Items | - | - | - | 1.03% | |
| Retail | - | 2.84% | - | - | |
| Retailers | - | - | 2.84% | - | |
| Diversified Retailers | - | - | - | 1.79% | |
| Apparel Retailers | - | - | - | 1.05% | |
| Automobiles & Parts | - | 0.75% | - | - | |
| Automobiles & Parts | - | - | 0.75% | - | |
| Automobiles | - | - | - | 0.75% | |
| Media | - | 0.46% | - | - | |
| Media | - | - | 0.46% | - | |
| Entertainment | - | - | - | 0.46% | |
| Financials | 15.64% | - | - | - | |
| Banks | - | 9.54% | - | - | |
| Banks | - | - | 9.54% | - | |
| Banks | - | - | - | 9.54% | |
| Financial Services | - | 3.76% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.76% | - | |
| Investment Services | - | - | - | 3.76% | |
| Insurance | - | 2.34% | - | - | |
| Non-life Insurance | - | - | 2.34% | - | |
| Property & Casualty Insurance | - | - | - | 2.34% | |
| Technology | 10.40% | - | - | - | |
| Technology | - | 10.40% | - | - | |
| Technology Hardware & Equipment | - | - | 9.61% | - | |
| Production Technology Equipment | - | - | - | 6.02% | |
| Computer Hardware | - | - | - | 3.59% | |
| Software & Computer Services | - | - | 0.79% | - | |
| Computer Services | - | - | - | 0.79% | |
| Telecommunications | 4.80% | - | - | - | |
| Telecommunications | - | 4.80% | - | - | |
| Telecommunications Service Providers | - | - | 4.80% | - | |
| Telecommunications Services | - | - | - | 4.80% | |
| Health Care | 3.84% | - | - | - | |
| Health Care | - | 3.84% | - | - | |
| Medical Equipment & Services | - | - | 3.84% | - | |
| Medical Supplies | - | - | - | 3.46% | |
| Medical Equipment | - | - | - | 0.39% | |
| Basic Materials | 3.78% | - | - | - | |
| Chemicals | - | 2.67% | - | - | |
| Chemicals | - | - | 2.67% | - | |
| Specialty Chemicals | - | - | - | 2.42% | |
| Chemicals: Diversified | - | - | - | 0.25% | |
| Basic Resources | - | 1.11% | - | - | |
| Industrial Metals & Mining | - | - | 1.11% | - | |
| Iron & Steel | - | - | - | 1.11% | |
| Energy | 2.56% | - | - | - | |
| Energy | - | 2.56% | - | - | |
| Non-Renewable Energy | - | - | 2.56% | - | |
| Oil Equipment & Services | - | - | - | 2.56% | |
| Real Estate | 2.33% | - | - | - | |
| Real Estate | - | 2.33% | - | - | |
| Real Estate Investment & Services | - | - | 2.33% | - | |
| Real Estate Holding and Development | - | - | - | 2.33% | |
| Consumer Staples | 2.05% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 2.05% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.05% | - | |
| Personal Products | - | - | - | 1.17% | |
| Food Retailers & Wholesalers | - | - | - | 0.45% | |
| Drug Retailers | - | - | - | 0.43% | |
| Non-Classified | 1.52% | - | - | - | |
Regional Allocation
| Japan | 98.48% | |
| Non-Classified | 1.52% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Japan | 98.48% | - | |
Japan
|
- | 98.48% | |
| Non-Classified | 1.52% | - | |
Breakdown By Market Cap (%)
| Mega |
|
42.03% |
| Large |
|
20.18% |
| Medium |
|
21.87% |
| Small |
|
8.13% |
| Micro |
|
2.00% |
| Non-Classified |
|
5.79% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SONY CORP | 6.53% | Leisure Goods | Japan |
| 2 | ADVANTEST CORP | 5.57% | Technology Hardware & Equipment | Japan |
| 3 | MITSUBISHI UFJ FINANCIAL GROUP | 5.27% | Banks | Japan |
| 4 | IHI CORPORATION | 5.26% | General Industrials | Japan |
| 5 | NINTENDO CO. | 4.87% | Leisure Goods | Japan |
| 6 | RAKUTEN BANK | 4.28% | Banks | Japan |
| 7 | ASICS CORPORATION | 3.91% | Personal Goods | Japan |
| 8 | SOFTBANK GROUP CORP. | 3.84% | Telecommunications Service Providers | Japan |
| 9 | SANRIO COMPANY | 3.60% | Leisure Goods | Japan |
| 10 | NEC CORPORATION | 3.59% | Technology Hardware & Equipment | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 10.40% | - | - | - | - | - | - | 10.40% |
| Telecommunications | - | 4.80% | - | - | - | - | - | - | 4.80% |
| Financials | - | 15.64% | - | - | - | - | - | - | 15.64% |
| Real Estate | - | 2.33% | - | - | - | - | - | - | 2.33% |
| Consumer Discretionary | - | 24.43% | - | - | - | - | 1.52% | - | 25.95% |
| Consumer Staples | - | 2.05% | - | - | - | - | - | - | 2.05% |
| Energy | - | 2.56% | - | - | - | - | - | - | 2.56% |
| Health Care | - | 3.84% | - | - | - | - | - | - | 3.84% |
| Industrials | - | 28.64% | - | - | - | - | - | - | 28.64% |
| Basic Materials | - | 3.78% | - | - | - | - | - | - | 3.78% |
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 | B235RG0 |
| Mex Code | C5JAPC |
| Isin Code | GB00B235RG08 |
| Citi Code | A4F6 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
Aims and Benchmark
| Aims | To provide capital growth over the long term by investing primarily in the shares of Japanese companies. |
| Benchmark | TOPIX (Net) |
| Benchmark Category | - |
| IA Sector | Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 30 April |
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 | The National Westminster Bank plc |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | Internal |
Group Details
| Group name | JPMorgan Fund ICVC |
| Group address | JPMorgan Fund ICVC |
| Group telephone | 1234567891 |
| Dealing telephone | - |
| - | |
| Homepage | www.JPMAM.com |
| Fax number | - |
Dealing
| Minimum Investment | £5000000 |
| Minimum Top Up | £100000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
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 | 1.23 |
| Beta | 1.12 |
| Sharpe | 1.12 |
| Standard Deviation | 11.02 |
| Info Ratio | 0.43 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| 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 | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
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.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
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.