Threadneedle Japan C1

Long term capital growth from a diversified portfolio of Japanese equities.

  • 75.23p
    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?

  • 3.75% 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).

  • 1.67%
    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…

Prices as at 21 September 2020, fund data last updated 01 April 2002

Fund summary

Sector Japan
Structure OEIC
Launched January, 1981
Size £738m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.67%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The Fund aims to achieve capital growth from a diversified portfolio of Japanese companies, concentrating on value and growth prospects. While predominantly equity-based, the Fund may invest in warrants, convertible bonds and other approved instruments deemed appropriate.

Manager research

Average monthly relative returns

  • 15/16 -0.52%
  • 16/17 0.14%
  • 17/18 0.04%
  • 18/19 -8.24%
  • 19/20 0.93%

Bestinvest MRI

  • 3 years -2.42%
  • 5 years -1.53%
  • Career -0.70%
  • 3 years 20.10%
  • 5 years 19.50%
  • Career 15.90%

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

Sarah Williams

Williams is an Executive Director on the Japan desk and is responsible for constructing Japanese institutional portfolios. She joined Threadneedle in October 2004 and has more than 10 years managing Japanese equities. She previously worked for Scottish Widows Investment Partnership and Hill Samuel Asset Management for over 10 years, latterly as an investment director. She also worked at Cresvale Asset Management and Target Investment Management. Sector responsibilities include Financials, defensive sectors such as Utilities and Pharmaceuticals, and in the technology area Japanese component companies. Williams has a degree in Classics (First Class) from University College, London University.

Track record

Sarah Williams has 14.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.7%. During the worst period of relative performance (from August 2000 - February 2019) there was a decline of 100% relative to the index. The worst absolute loss has been 62%.

Periods of worst performance

Absolute -62.00% (August 2000 - April 2003)
Relative -100.00% (August 2000 - 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.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 May 2020

6.6% Keyence Corp
5.3% Toyota Motor Corp
5.2% Itochu Corp
5.2% Kao Corp
5% Daikin Industries Ltd
4.4% Shin-Etsu Chemical Co
3.7% Daiichi Sankyo Co Ltd
3.4% Nippon Telegraph & Telephone Corp
3.3% Dai-Ichi Life Hldgs Inc
3.1% Elecom Co
Source: Trustnet

Sector breakdown

Information Technology 23.00%
Industrials 21.00%
Health Care 13.00%
Consumer Discretionary 12.00%
Communications 10.00%
Financials 8.00%
Materials 6.00%
Consumer Staples 6.00%
Money Market 2.00%

Key Investor Information

Download