Man Group GLG Japan CoreAlpha Professional Inc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Performance
Discrete performance - to last month end
| 31/08/19 to 31/08/20 |
31/08/20 to 31/08/21 |
31/08/21 to 31/08/22 |
31/08/22 to 31/08/23 |
31/08/23 to 31/08/24 |
|
|---|---|---|---|---|---|
| Fund | -16.8% | 28.0% | 13.5% | 9.5% | 14.8% |
| Sector | 3.0% | 18.3% | -6.6% | 4.4% | 13.5% |
| Rank | 92/92 | 12/94 | 2/97 | 24/101 | 57/102 |
| Quartile | 4 | 1 | 1 | 1 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/08/24 |
5 Years to 31/08/24 |
10 Years to 31/08/24 |
||
| Fund | 12.6% | 8.7% | 9.5% | |
| Sector | 3.5% | 6.2% | 8.7% | |
| Rank | 8/97 | 22/92 | 15/65 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MIZUHO FINANCIAL GROUP | 5.34 |
| SUMITOMO MITSUI TRUST HOLDINGS | 5.28 |
| JAPAN POST HOLDINGS CO. | 4.09 |
| SEVEN & I HOLDINGS CO. | 4.08 |
| SONY CORP | 3.99 |
| SOFTBANK GROUP CORP. | 3.94 |
| NIPPON TELEGRAPH AND TELEPHONE CORPORATION | 3.75 |
| NISSAN MOTOR CO. | 3.62 |
| MITSUBISHI ESTATE CO. | 3.53 |
| DAI-ICHI LIFE HLDGS INC | 3.46 |
| Total | 41.08 |
Fund Aims
The objective of the Fund is to achieve capital growth through investing in the quoted securities of companies operating in Japan.
Fund Manager
Emily Badger is a Portfolio Manager in the Japan CoreAlpha
team. She has developed a research focus on sectors
including chemicals and real estate. Additional areas of
research interest include sectors with a consumer goods bias
such as retail and logistics. Emily joined the Japan CoreAlpha
team in August 2015.
She has a BSc in Chemistry from the University of York and is
a CFA charter holder and has also achieved the CFA Institute
Certificate in ESG Investing
Stephen Harget is a Portfolio Manager in the Japan
CoreAlpha team, focusing on sectors with a capital goods
bias, with the main areas of interest being steel and other
metals, wholesale trading companies, as well as precisions
and telecoms.
Stephen joined the Japan CoreAlpha team in August 2015.
He has a BSc in Mathematics and Finance from the University
of York and is a CFA charter holder
Jeffrey (‘Jeff’) Atherton is head of Japanese Equities and
leads the Japan CoreAlpha team. Jeff has managed
Japanese funds since 1990, holding senior positions at
Insight Investment, SGAM, TCW and Equitable Life. He spent
five years as partner and co-manager of Stratton Street
Capital’s Japanese hedge fund strategies.
Jeff joined the Japan CoreAlpha team in March 2011 and
took over as lead portfolio manager in January 2021. He has
over 30 years of experience in Japanese equities.
Jeff has a BA in Economics from the University of Sheffield
and started his career at Sun Life of Canada in 1987.
Adrian is a Portfolio Manager in the Japan CoreAlpha team. He has a BSc in Business Information Systems from Anglia Ruskin University and is a CFA charter holder. Adrian began his career in fund management at Stratton Street Capital LLP in January 2006 where he rose to the position of Assistant Fund Manager on the firm’s Japanese and Asian synthetic warrant and Japanese equity hedge fund strategies. Adrian joined Man GLG in June 2014.
Fund Overview
| Mid (30/08/2024) | 306.80p |
| Historic yield | 2.78% |
| Fund size (30/06/2024) | £2226.34m |
| Number of holdings | 49 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
| Launch date | 01/12/2008 |
Asset Allocation
| International Equities | 97.27% | |
| Cash and Equivalents | 0.84% | |
| Other Assets | 1.89% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 97.27% | |
| Cash and Equivalents | 0.84% | |
| Other Assets | 1.89% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 27.07% | - | - | - | |
| Banks | - | 12.27% | - | - | |
| Banks | - | - | 12.27% | - | |
| Banks | - | - | - | 12.27% | |
| Insurance | - | 7.55% | - | - | |
| Life Insurance | - | - | 7.55% | - | |
| Life Insurance | - | - | - | 7.55% | |
| Financial Services | - | 7.25% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.25% | - | |
| Investment Services | - | - | - | 4.50% | |
| Diversified Financial Services | - | - | - | 2.75% | |
| Consumer Discretionary | 24.18% | - | - | - | |
| Automobiles & Parts | - | 12.90% | - | - | |
| Automobiles & Parts | - | - | 12.90% | - | |
| Automobiles | - | - | - | 9.26% | |
| Auto Parts | - | - | - | 3.64% | |
| Consumer Products & Services | - | 8.87% | - | - | |
| Leisure Goods | - | - | 5.86% | - | |
| Consumer Electronics | - | - | - | 5.86% | |
| Household Goods & Home Construction | - | - | 3.01% | - | |
| Home Construction | - | - | - | 3.01% | |
| Travel & Leisure | - | 1.30% | - | - | |
| Travel & Leisure | - | - | 1.30% | - | |
| Airlines | - | - | - | 1.30% | |
| Retail | - | 1.11% | - | - | |
| Retailers | - | - | 1.11% | - | |
| Diversified Retailers | - | - | - | 1.11% | |
| Industrials | 12.85% | - | - | - | |
| Industrial Goods & Services | - | 11.28% | - | - | |
| Industrial Transportation | - | - | 5.98% | - | |
| Railroads | - | - | - | 5.01% | |
| Delivery Services | - | - | - | 0.97% | |
| Industrial Engineering | - | - | 3.34% | - | |
| Machinery: Agricultural | - | - | - | 1.92% | |
| Machinery: Industrial | - | - | - | 1.42% | |
| Electronic & Electrical Equipment | - | - | 1.21% | - | |
| Electrical Components | - | - | - | 1.21% | |
| General Industrials | - | - | 0.75% | - | |
| Diversified Industrials | - | - | - | 0.75% | |
| Construction & Materials | - | 1.57% | - | - | |
| Construction & Materials | - | - | 1.57% | - | |
| Construction | - | - | - | 1.57% | |
| Telecommunications | 10.75% | - | - | - | |
| Telecommunications | - | 10.75% | - | - | |
| Telecommunications Service Providers | - | - | 10.75% | - | |
| Telecommunications Services | - | - | - | 10.75% | |
| Consumer Staples | 5.51% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 4.08% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.08% | - | |
| Food Retailers & Wholesalers | - | - | - | 4.08% | |
| Food, Beverage & Tobacco | - | 1.43% | - | - | |
| Beverages | - | - | 1.43% | - | |
| Brewers | - | - | - | 1.43% | |
| Basic Materials | 5.13% | - | - | - | |
| Chemicals | - | 3.53% | - | - | |
| Chemicals | - | - | 3.53% | - | |
| Chemicals: Diversified | - | - | - | 1.94% | |
| Chemicals & Synthetic Fibers | - | - | - | 1.59% | |
| Basic Resources | - | 1.60% | - | - | |
| Industrial Metals & Mining | - | - | 1.60% | - | |
| Iron & Steel | - | - | - | 1.60% | |
| Real Estate | 4.89% | - | - | - | |
| Real Estate | - | 4.89% | - | - | |
| Real Estate Investment & Services | - | - | 4.89% | - | |
| Real Estate Holding and Development | - | - | - | 4.89% | |
| Health Care | 3.01% | - | - | - | |
| Health Care | - | 3.01% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.01% | - | |
| Pharmaceuticals | - | - | - | 3.01% | |
| Technology | 2.90% | - | - | - | |
| Technology | - | 2.90% | - | - | |
| Technology Hardware & Equipment | - | - | 2.90% | - | |
| Semiconductors | - | - | - | 1.70% | |
| Electronic Components | - | - | - | 1.20% | |
| Non-Classified | 1.89% | - | - | - | |
| Energy | 0.97% | - | - | - | |
| Energy | - | 0.97% | - | - | |
| Non-Renewable Energy | - | - | 0.97% | - | |
| Oil: Crude Producers | - | - | - | 0.71% | |
| Oil Refining and Marketing | - | - | - | 0.26% | |
| Cash and Equivalents | 0.84% | - | - | - | |
Regional Allocation
| Japan | 97.27% | |
| Non-Classified | 1.89% | |
| Cash and Equivalents | 0.84% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Japan | 97.27% | - | |
Japan
|
- | 97.27% | |
| Non-Classified | 1.89% | - | |
| Cash and Equivalents | 0.84% | - | |
Breakdown By Market Cap (%)
| Mega |
|
41.15% |
| Large |
|
45.30% |
| Medium |
|
8.94% |
| Non-Classified |
|
3.76% |
| Cash |
|
0.84% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MIZUHO FINANCIAL GROUP | 5.34% | Banks | Japan |
| 2 | SUMITOMO MITSUI TRUST HOLDINGS | 5.28% | Banks | Japan |
| 3 | JAPAN POST HOLDINGS CO. | 4.09% | Life Insurance | Japan |
| 4 | SEVEN & I HOLDINGS CO. | 4.08% | Personal Care, Drug & Grocery Stores | Japan |
| 5 | SONY CORP | 3.99% | Leisure Goods | Japan |
| 6 | SOFTBANK GROUP CORP. | 3.94% | Telecommunications Service Providers | Japan |
| 7 | NIPPON TELEGRAPH AND TELEPHONE CORPORATION | 3.75% | Telecommunications Service Providers | Japan |
| 8 | NISSAN MOTOR CO. | 3.62% | Automobiles & Parts | Japan |
| 9 | MITSUBISHI ESTATE CO. | 3.53% | Real Estate Investment & Services | Japan |
| 10 | DAI-ICHI LIFE HLDGS INC | 3.46% | Life Insurance | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 2.90% | - | - | - | - | - | - | 2.90% |
| Telecommunications | - | 10.75% | - | - | - | - | - | - | 10.75% |
| Financials | - | 27.07% | - | - | - | - | - | - | 27.07% |
| Real Estate | - | 4.89% | - | - | - | - | - | - | 4.89% |
| Consumer Discretionary | - | 24.18% | - | - | - | - | - | - | 24.18% |
| Consumer Staples | - | 5.51% | - | - | - | - | - | - | 5.51% |
| Energy | - | 0.97% | - | - | - | - | - | - | 0.97% |
| Health Care | - | 3.01% | - | - | - | - | - | - | 3.01% |
| Industrials | - | 12.85% | - | - | - | - | - | - | 12.85% |
| Basic Materials | - | 5.13% | - | - | - | - | - | - | 5.13% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.84% | 0.84% |
| Non-Classified | - | - | - | - | - | - | 1.89% | - | 1.89% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B3F4751 |
| Mex Code | 4SJCAP |
| Isin Code | GB00B3F47512 |
| Citi Code | DWE7 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
Aims and Benchmark
| Aims | The objective of the Fund is to achieve capital growth through investing in the quoted securities of companies operating in Japan. |
| Benchmark | Topix (GBP, GDTR) |
| Benchmark Category | - |
| IA Sector | Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | - |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 June | 31 July |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | Man Fund Management UK Limited |
| Fund Registrar | Man Fund Management UK Limited |
| Fund Custodian | Man Fund Management UK Limited |
Group Details
| Group name | Man Group |
| Group address | Riverbank House 2 Swan Lane London EC4R 3AD |
| Group telephone | 020 7144 1000 |
| Dealing telephone | - |
| salesoperations@man.com | |
| Homepage | www.man.com |
| Fax number | - |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £1000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.