M&G Japan A

Run from Tokyo through Prudential's operations.

  • 54.92p Price (Inc)
  • 64.56p Price (Acc)
  • 4.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.71% Ongoing charges
  • 2.80% Yield

Prices as at 09 December 2019

Fund summary

Sector Japan
Structure OEIC
Launched May, 1977
Size £308m
Yield 2.80%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.71%

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Investment process

The fund invests in a wide range of Japanese securities covering most areas of the economy, with the sole objective of long term capital growth.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 -0.08%
  • 16/17 0.72%
  • 17/18 -0.44%
  • 18/19 -8.51%

Bestinvest MRI

  • 3 years -2.74%
  • 5 years 0.00%
  • Career -0.90%
  • 3 years 17.10%
  • 5 years 0.00%
  • Career 18.90%

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

Johan Du Preez

Du Preez joined M&G in September 2015. He started his investment career in 1998 with Prudential Portfolio Managers South Africa, before transferring to Prudential Asset Management Hong Kong in 2006. He previously worked as an actuarial consultant. Du Preez graduated in 1992 from University of Witwatersrand, Johannesburg with a BSc (Econ) in mathematical statistics and actuarial science. He also holds a masters degree in economics from Cape Town University. He is a member of the Institute of Actuaries and the Association for Investment Management and Research. He was awarded the CFA in 2000.

Track record

Johan Du Preez has 9.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.9%. During the worst period of relative performance (from January 2018 - February 2019) there was a decline of 100% relative to the index. The worst absolute loss has been 31%.

Periods of worst performance

Absolute -31.00% (June 2006 - February 2009)
Relative -100.00% (January 2018 - 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 31 August 2019

5.1% Honda Motor Co
4.9% Mitsubishi Ufj Financial Group
4.4% Hitachi
4.3% Nomura Hldgs Inc
4.3% Sumitomo Mitsui Financial Group Inc
4.2% Jsr Corp
3.8% Dentsu Inc
3.8% Panasonic Corp
3.7% Mitsubishi Electric Corp
3.7% Miraca Hldgs
Source: Trustnet

Sector breakdown

Consumer Discretionary 22.00%
Financials 20.00%
Industrials 18.00%
Information Technology 9.00%
Materials 8.00%
Health Care 7.00%
Consumer Staples 6.00%
Communications 5.00%
Real Estate 2.00%
Money Market 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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