Schroder Japan Alpha Plus A

  • 0.00p
    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.

  • 0.00p
    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!

  • 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.

  • 0.00%
    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…

Fund data last updated 16 July 2004

Originally launched as the Schroder Japan Value fund, this portfolio still seeks out of favour stocks. Nathan Gibbs attempts to add value in all market conditions by identifying under researched companies trading below fair value. Gibbs seeks fundamentally attractive companies, but also looks for a catalyst to an upward re-rating of the share price. Investors should be aware that this is a concentrated portfolio stocks managed with little regard for the composition of the Japanese market.

Fund summary

Sector Japan
Structure X-UNIT TRUST
Launched
Size £22m
Yield 0.00%
Charging basis Income
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.71%

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Investment process

Although Nathan Gibbs is a member of Schroder's Japan Equity Team he operates with a high degree of autonomy. The investable universe of stocks is reduced to Schroder's Select Equity List of about 350 companies, however the manager may, and regularly does, purchase stocks from outside this list. Screening of the stock universe is generally valuation driven although the manager's sources of idea generation are varied. The manager typically has a short time horizon for his investments and looks for shares with a catalyst for re-rating upwards. He also seeks companies that are growing their earnings and has a pragmatic view of what constitutes 'value' in a stock, although in practice this is often in the form of cash or assets on a company's balance sheet.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

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Relative 0.00% ()

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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Sector breakdown

Consumer Discretionary 21.00%
Industrials 20.00%
Financials 19.00%
Information Technology 15.00%
Materials 15.00%
Telecommunications Utilities 4.00%
Health Care 3.00%
Energy 3.00%
Money Market 1.00%

Portfolio

The manager maintains a concentrated portfolio of between 30 and 35 holdings. Although there is no systematic size bias the portfolio will often have an overweight to smaller companies.

Key Investor Information - Income

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Key Investor Information - Accumulation

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