Scottish Widows Japan Growth A

  • 135.80p
    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!

  • 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).

  • 1.63%
    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.

  • 0.70%
    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 11 December 2019

Fund summary

Sector Japan
Structure OEIC
Launched May, 1982
Size £188m
Yield 0.70%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.63%

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Investment process

The fund aims to give long-term capital growth by investing in a wide range of, mainly, company shares in Japan.

Manager research

Average monthly relative returns

  • 14/15 -0.33%
  • 15/16 -0.02%
  • 16/17 -0.16%
  • 17/18 -0.11%
  • 18/19 -0.25%

Bestinvest MRI

  • 3 years -0.17%
  • 5 years -0.18%
  • Career -0.18%
  • 3 years 28.10%
  • 5 years 33.40%
  • Career 30.20%

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

Scottish Widows Quantitative Investment Group

Track record

Scottish Widows Quantitative Investment Group has 7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.18%. During the worst period of relative performance (from October 2012 - August 2019) there was a decline of 16% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (August 2018 - December 2018)
Relative -16.00% (October 2012 - August 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 28 June 2019

4.11% Ose Topix Indx Sep19 Future (Exp 12/09/19)
3.69% Aberdeen Standard Liquidity Fu Aberdeen Stnd Liq G
3.33% Toyota Motor Corp
2.34% Sony Corp
2.15% Honda Motor Co
2.13% Softbank Group Corp
2.06% Mitsubishi Ufj Financial Group
2.04% Kddi Corp
1.67% Nippon Telegraph & Telephone Corp
1.58% Orix Corp
Source: Trustnet

Sector breakdown

Consumer Goods 22.00%
Industrials 22.00%
Financials 14.00%
Health Care 9.00%
Consumer Services 8.00%
Telecommunications 8.00%
Technology 7.00%
Basic Materials 4.00%
Money Market 4.00%
Utilities 1.00%

Key Investor Information

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