AXA Rosenberg Japan Z

Invests in both exporters and companies servicing the domestic Japanese economy.

  • 161.50p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.82%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.70%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 21 February 2020

Fund summary

Sector Japan
Structure OEIC
Launched April, 1995
Size £61m
Yield 1.70%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.82%

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Investment process

The fund's objective is to achieve capital growth over the medium to long term. The portfolio will invest in companies servicing the domestic Japanese economy and also in companies that benefit from big export markets in the USA, Europe and the rest of the world.

Manager research

Average monthly relative returns

  • 15/16 0.25%
  • 16/17 0.00%
  • 17/18 0.19%
  • 18/19 -0.33%
  • 19/20 -8.34%

Bestinvest MRI

  • 3 years -2.82%
  • 5 years -1.64%
  • Career -0.62%
  • 3 years 16.10%
  • 5 years 17.40%
  • Career 13.80%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

AXA Rosenberg Japan

Tee joined Axa Rosenberg’s Japan office as Chief Investment Officer in 2003. Previously he was a senior executive in Research and Modeling at the Barr Rosenberg Research Center. He has been with the AXA Rosenberg Group since 1987, originally joining as a research associate and subsequently holding strategy engineering responsibilities during his tenure. He has a BS and an MS from Stanford University and an MBA and a PhD from University of California (1987).

Track record

Axa Rosenberg Japan has 17.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.62%. During the worst period of relative performance (from April 2005 - February 2019) there was a decline of 100% relative to the index. The worst absolute loss has been 39%.

Periods of worst performance

Absolute -39.00% (March 2006 - February 2009)
Relative -100.00% (April 2005 - February 2019)

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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Top 10 holdings

Data accurate as at 29 November 2019

2.8% Toyota Motor Corp
2.2% Sumitomo Mitsui Financial Group Inc
2.1% Honda Motor Co
2.1% Sony Corp
2% Nippon Telegraph & Telephone Corp
2% Ntt Docomo Inc
1.9% Astellas Pharma Inc
1.9% Kddi Corp
1.8% Central Japan Railway Co
1.8% East Japan Railway Co
Source: Trustnet

Sector breakdown

Others 29.00%
Electronic & Electrical Equipment 15.00%
Communications 12.00%
Pharmaceuticals 9.00%
Retail 7.00%
Chemicals 7.00%
Transport Equipment 5.00%
Construction 5.00%
Real Estate 5.00%
Banks 4.00%

Key Investor Information

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