Jupiter Japan Income I Hedged

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

  • 118.19p
    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).

  • 1.14%
    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.

  • 1.90%

    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 11 June 2021

Fund summary

Sector Japan
Structure UNIT TRUST
Launched June, 2010
Size £848m
Yield 1.90%
Charging basis
Dividends paid 31 Mar, 30 Sep


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 1.14%


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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.41%
  • 17/18 0.81%
  • 18/19 0.12%
  • 19/20 0.24%
  • 20/21 0.30%

Bestinvest MRI

  • 3 years 0.22%
  • 5 years 0.21%
  • Career -0.07%
  • 3 years 91.60%
  • 5 years 94.70%
  • Career 59.50%

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 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. 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.


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Top 10 holdings

Data accurate as at 31 July 2020

6.02% Toyota Motor Corp
5.7192% Sony Corp
5.2136% Kddi Corp
4.498% Nippon Telegraph & Telephone Corp
4.0256% Takeda Pharmaceutical Co
3.9612% Sumitomo Mitsui Financial Group Inc
3.891% Star Asia Investment
3.4371% Tokyo Electron
3.2947% Tokio Marine Hldgs Inc
3.2866% Daifuku Co
Source: Trustnet

Sector breakdown

Financials 17.00%
Industrials 17.00%
Technology 14.00%
Consumer Goods 13.00%
Health Care 10.00%
Telecommunications 10.00%
Basic Materials 8.00%
Consumer Services 7.00%
Money Market 3.00%

Key Investor Information