Janus Henderson Japan Opportunities A

A mostly large cap Japanese equity fund.

  • 411.20p
    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?

  • 5.00% 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!

  • 1.50%
    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).

  • 1.71%
    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.

  • 0.20%
    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 23 October 2020

Fund summary

Sector Japan
Structure OEIC
Launched January, 1983
Size £29m
Yield 0.20%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.71%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The fund's aim is to provide capital growth by investing in Japanese companies. The Fund is not restricted in the size of companies in which it can invest.

Manager research

Average monthly relative returns

  • 15/16 0.40%
  • 16/17 0.06%
  • 17/18 -0.12%
  • 18/19 -8.17%
  • 19/20 0.68%

Bestinvest MRI

  • 3 years -2.53%
  • 5 years -1.43%
  • Career -0.34%
  • 3 years 18.90%
  • 5 years 21.20%
  • Career 29.80%

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

Michael Wood-Martin

Wood-Martin joined Henderson Global Investors in 1987 after graduating from Dublin University with a degree in Management. He assumed responsibility for the Henderson Japan Fund in September 1991, at which time he also moved to Japan to work from Henderson's Tokyo office. He returned to London in 1995 and continues to manage Japanese equities.

Track record

Michael Wood-Martin has 19.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.34%. During the worst period of relative performance (from April 2002 - February 2019) there was a decline of 100% relative to the index. The worst absolute loss has been 46%.

Periods of worst performance

Absolute -46.00% (November 2000 - April 2003)
Relative -100.00% (April 2002 - 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.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 30 June 2020

6.4% Sony Corp
5.4% Shin-Etsu Chemical Co
5.4% Softbank Group Corp
5% Daiichi Sankyo Co Ltd
4.9% Nitori Hldgs Co Ltd
4.6% Pan Pacific Intl Hldgs Corp
4.5% Nintendo Co
4.5% Z Hldgs Corp
4.3% Kao Corp
4.3% Tokio Marine Hldgs Inc
Source: Trustnet

Sector breakdown

Consumer Discretionary 20.00%
Information Technology 18.00%
Communications 15.00%
Health Care 11.00%
Financials 10.00%
Industrials 8.00%
Consumer Staples 7.00%
Money Market 5.00%
Materials 5.00%
Real Estate 2.00%

Key Investor Information

Download