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JO Hambro Japan Inclusive - Class B - Income (GBP)

Sell: 166.80pBuy: 166.80p0.90p (0.53%)

Prices as at 19 September 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.

Charges and Savings

Fund manager's initial charge: 5.00%
HL saving on initial charge: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.25%
HL saving on annual charge (loyalty bonus): 0.50%
Net annual charge: 0.75%
 
Fund manager's other expenses: 0.11%
Performance fee: Yes   View risks

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Inclusive
Manager: Scott McGlashan
Fund launch date: 28 May 2004
Launch price: £1.00
Sector: Japan
Fund size: £644 million
Number of holdings: 60
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Dexia Banque Internationale SA.
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

19/09/09 to 19/09/10 19/09/10 to 19/09/11 19/09/11 to 19/09/12 19/09/12 to 19/09/13 19/09/13 to 19/09/14
Annual return -0.19% 3.8% 0.67% 31.62% -1.54%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

This fund offers exposure to one of the most experienced Japanese equity investors within a 'boutique' environment with the freedom to focus purely on performance. The fund has a strong bias to higher risk small and medium-sized companies with its limited size giving the manager the flexibility to exploit opportunities across the entire market place. While we do not like the performance fee structure, this fund offers exposure to a proven fund manager who we hold in high regard....

Read more HL research on this fund

Fund Objective

The primary investment objective of the fund is to seek long-term capital growth. The Fund aims to achieve its objective by investing in Japanese equities, listed on the principal stock markets of Japan or other Recognised Markets.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 31 December 2014
Payment date: 28 February 20154

All yields are variable and not guaranteed. Information correct as at 31 December 2013.

Security Weight
Japan Securities Finance Co. 2.98%
Fukuoka Financial Group 2.97%
Bank of Yokohama 2.97%
Tokio Marine Holdings 2.91%
Mitsubishi Motors Corp. 2.66%
Shinmaywa Industries 2.59%
Fujikura 2.56%
IBJ Leasing Co. 2.52%
Mitsui & Co. 2.52%
Tokai Tokyo Financial Holdings 2.49%
Sector Weight
Industrial Engineering 12.49%
Financial Services 10.94%
Industrial Transportation 7.19%
Automobiles & Parts 6.88%
Electronic & Electrical Equipment 6.27%
Banks 5.93%
Chemicals 5.56%
Construction & Materials 5.48%
General Retailers 5.17%
Real Estate Investment & Services 4.70%
Country Weight
Japan 97.86%
Direct Property and REITs 1.51%
Cash and Equiv. 0.63%

Fund Manager

Photo of Scott McGlashan

Key facts

Scott McGlashan
Manager start date 28/05/2004
Manager located in London

Biography

Scott McGlashan is Senior Fund Manager of the JOHCM Japan Fund and the JOHCM Japan Dividend Growth Fund. He entered the fund management industry in 1976 and has specialised in the Japanese stock market since 1982. Prior to joining JOHCM, Scott was chairman of Jade Absolute and lead manager of the Close Finsbury Japanese Equity Fund between June 2000 and January 2004. He was previously a Director of Perpetual plc where he headed the Far Eastern investment department and managed the Perpetual Far Eastern Growth and Perpetual Japanese Growth funds. Scott has been an associate of the CFA society of the UK since 1979. He holds degrees from the universities of Yale and Cambridge.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & 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 19 September 2014. Data as at 31 August 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.



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