Invesco Perpetual Japan Accumulation Shares 
Overview
| Fund manager's initial charge | 5.00% |
|---|---|
| HL initial saving | 5.00% |
| Net initial charge | 0.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.50% |
| Performance charges | No |
| Total Expense Ratio | 1.67% |
| HL annual saving | 0.25% 2 |
| Platform fee | Free |
| Launch date | 07-05-1988 |
| Launch price | £1.00 |
| Sector | Japan |
| Fund size | £289.00 million |
| Number of holdings | 32 |
| Fund type | ICVC |
| Type of units | Accumulation |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features and Simplified Prospectus/Key Investor Information Document for more details.
HL research - our view on this fund
The outlook for Japan's economy is improving, and the recovery since the earthquake earlier this year has been impressive according to Paul Chesson. The supply chain disruption has been resolved quickly and industrial production is improving strongly. Paul Chesson is bullish in his outlook, and believes the market is priced too pessimistically. The fund continues to have a bias towards large, globally orientated exporters which are demonstrating resilience. This positioning has hurt short term performance, but once market sentiment improves, these companies should be among the first to benefit. There have been several false dawns in Japan, but by most measures the market looks very cheap.
About the Fund Manager
Paul Chesson
Located in: Henley
Paul joined the company in 1993 and applied his breadth of experience to running Japanese equity funds. Paul began his investment career in 1990 at Touche Remnant, specialising in Japanese Equities. He holds an MA, Law from Oxford University and is an associate member of the Association for Investment Management.
Income details
| Historic yield | 0.48% |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. Information as at 31-12-2011.
Distribution dates
| Ex-dividend date | 01 December 2012 |
|---|---|
| Payment date 4 | 31 January 2013 |
Top 10 holdings
| Tokyo Electron | 5.91% |
|---|---|
| Konica Minolta Holdings | 5.81% |
| Toyota Motor Corp. | 5.34% |
| Mitsubishi Estate Co. | 5.22% |
| Mitsubishi UFJ Financial | 5.19% |
| Sumitomo Mitsui Financial Group | 5.12% |
| Honda Motor Co. | 4.96% |
| Resona Holdings | 4.67% |
| Hoya Corp. | 4.54% |
| Nomura Holdings | 4.50% |
Top 10 sectors
| Technology Hardware & Equipment | 19.25% |
|---|---|
| Automobiles & Parts | 16.02% |
| Banks | 14.98% |
| Electronic & Electrical Equipment | 13.70% |
| Financial Services | 8.79% |
| Real Estate Investment & Services | 8.38% |
| Industrial Engineering | 5.97% |
| Industrial Transportation | 4.91% |
| Chemicals | 3.65% |
| Travel & Leisure | 2.72% |
Top 10 countries
| Japan | 99.51% |
|---|---|
| Cash and Equiv. | 0.49% |
| Non-Classified | 0.00% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Prices as at 08-02-2012. Data as at 31/12/2011.
