Jupiter Japan Income I

Income oriented Japan fund run investing in mainly large capitalisation companies.

  • 108.36p
    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.

  • 150.20p
    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).

  • 1.00%
    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.

  • 2.30%
    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 27 January 2022, we don’t currently provide commentary on this fund.

Fund summary

Sector Japan
Structure UNIT TRUST
Launched September, 2012
Size £968m
Yield 2.30%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep

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 1.00%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 17/18 0.00%
  • 18/19 0.38%
  • 19/20 0.62%
  • 20/21 0.17%
  • 21/22 0.49%

Bestinvest MRI

  • 3 years 0.43%
  • 5 years 0.33%
  • Career -0.01%
  • 3 years 99.80%
  • 5 years 99.30%
  • Career 71.60%

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

Dan Carter

Carter joined Jupiter in 2008. Prior to this he has worked at Odey Asset Management and Baillie Gifford. Carter graduated from the University of Warwick in 2003 and is a CFA charter holder.

Track record

Dan Carter has 8.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from March 2008 - February 2017) there was a decline of 23% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (March 2008 - April 2014)
Relative -23.00% (March 2008 - February 2017)

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

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Top 10 holdings

Data accurate as at 30 November 2021

7.0029% Sony Group Corp
7.0029% Toyota Motor Corp
4.6277% Softbank Group Corp
4.3927% Shin-Etsu Chemical Co
4.3413% Recruit Hldgs Co Ltd
4.1089% Sumitomo Mitsui Financial Group Inc
4.0803% Orix Corp
3.698% Nec Corp
3.6708% Hazama Ando Corporation
3.5957% Tokio Marine Hldgs Inc
Source: Trustnet

Sector breakdown

Consumer Discretionary 27.00%
Financials 18.00%
Industrials 18.00%
Technology 15.00%
Telecommunications 8.00%
Basic Materials 6.00%
Real Estate 3.00%
Health Care 3.00%
Money Market 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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