Prudential Japan Pens Acc (ex M&G)
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -0.5% | 17.0% | 6.5% | 9.9% | 15.3% |
| Sector | 6.4% | 4.9% | -5.1% | 6.4% | 13.1% |
| Rank | 127/149 | 7/150 | 11/151 | 24/152 | 26/152 |
| Quartile | 4 | 1 | 1 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 10.5% | 9.5% | 10.0% | |
| Sector | 4.5% | 5.0% | 8.0% | |
| Rank | 11/151 | 4/149 | 5/147 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MITSUBISHI UFJ FINANCIAL GROUP | 7.29 |
| SEVEN & I HOLDINGS CO. | 4.40 |
| ORIX CORPORATION | 4.30 |
| HITACHI | 4.23 |
| SONY CORP | 4.22 |
| TOYOTA MOTOR CORPORATION | 4.05 |
| MITSUI & CO. | 4.02 |
| EAST JAPAN RAILWAY COMPANY | 3.35 |
| SOFTBANK GROUP CORP. | 3.27 |
| NIPPON TELEGRAPH AND TELEPHONE CORPORATION | 2.88 |
| Total | 42.01 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G Japan Fund - the underlying fund.
Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in Japan. The fund usually holds a concentrated portfolio of fewer than 50 companies. The fund may also invest other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash and near cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.
Fund Manager
Carl Vine was appointed fund manager of M&G (Lux) Japan Fund and M&G (Lux) Japan Smaller Companies Fund in September 2019 after joining M&G as Co-Head of Asian Investment, with 22 years of investment experience. Carl co-founded Oxford-based Port Meadow Capital Management, a boutique investment firm, in 2014. Prior to that, he worked as a Managing Director and Portfolio Manager for SAC Capital Advisors in Hong Kong and was the Asian-based member of their global investment committee. Before that, Carl was a Managing Director at UBS in Hong Kong, where he invested proprietary capital across Asia and Japan, and a Principal for TPG-Axon Capital. He began his career with Prudential Portfolio Managers in London, before relocating to Tokyo to open Prudential’s Japan office. Carl holds a Bachelor of Arts (Hons) in Politics, Philosophy & Economics from Oxford University.
Fund Overview
| Bid (23/12/2024) | 567.60 |
| Offer (23/12/2024) | 596.10 |
| Fund size (31/10/2024) | £2.82m |
| Underlying Fund size | £3515.01m |
| Number of holdings | 56 |
| Launch date | 29/06/1984 |
Fund Charges
| Annual Management Charge (AMC) | 1.00% |
| Further Costs | 0.01% |
| Yearly Total | 1.01% |
Asset Allocation
| International Equities | 98.86% | |
| Cash and Equivalents | 1.14% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 gross 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 | 98.86% | |
| Cash and Equivalents | 1.14% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 27.14% | - | - | - | |
| Industrial Goods & Services | - | 27.14% | - | - | |
| Industrial Support Services | - | - | 10.99% | - | |
| Business Training & Employment Agencies | - | - | - | 4.92% | |
| Industrial Suppliers | - | - | - | 4.02% | |
| Transaction Processing Services | - | - | - | 2.05% | |
| General Industrials | - | - | 6.97% | - | |
| Diversified Industrials | - | - | - | 5.34% | |
| Glass | - | - | - | 1.63% | |
| Industrial Transportation | - | - | 4.49% | - | |
| Railroads | - | - | - | 4.49% | |
| Industrial Engineering | - | - | 2.59% | - | |
| Machinery: Industrial | - | - | - | 2.59% | |
| Electronic & Electrical Equipment | - | - | 2.10% | - | |
| Electrical Components | - | - | - | 1.26% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.83% | |
| Consumer Discretionary | 21.08% | - | - | - | |
| Consumer Products & Services | - | 10.55% | - | - | |
| Leisure Goods | - | - | 9.22% | - | |
| Consumer Electronics | - | - | - | 5.16% | |
| Photography | - | - | - | 2.06% | |
| Toys | - | - | - | 1.00% | |
| Recreational Vehicles & Boats | - | - | - | 0.99% | |
| Household Goods & Home Construction | - | - | 1.33% | - | |
| Home Construction | - | - | - | 1.33% | |
| Automobiles & Parts | - | 10.53% | - | - | |
| Automobiles & Parts | - | - | 10.53% | - | |
| Automobiles | - | - | - | 6.27% | |
| Auto Parts | - | - | - | 4.26% | |
| Financials | 14.35% | - | - | - | |
| Banks | - | 7.29% | - | - | |
| Banks | - | - | 7.29% | - | |
| Banks | - | - | - | 7.29% | |
| Financial Services | - | 5.95% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.95% | - | |
| Diversified Financial Services | - | - | - | 4.30% | |
| Investment Services | - | - | - | 1.32% | |
| Asset Managers & Custodians | - | - | - | 0.34% | |
| Insurance | - | 1.10% | - | - | |
| Non-life Insurance | - | - | 1.10% | - | |
| Property & Casualty Insurance | - | - | - | 1.10% | |
| Technology | 12.25% | - | - | - | |
| Technology | - | 12.25% | - | - | |
| Technology Hardware & Equipment | - | - | 10.38% | - | |
| Semiconductors | - | - | - | 3.17% | |
| Electronic Components | - | - | - | 2.26% | |
| Production Technology Equipment | - | - | - | 2.10% | |
| Computer Hardware | - | - | - | 2.09% | |
| Electronic Office Equipment | - | - | - | 0.76% | |
| Software & Computer Services | - | - | 1.87% | - | |
| Computer Services | - | - | - | 1.87% | |
| Telecommunications | 6.15% | - | - | - | |
| Telecommunications | - | 6.15% | - | - | |
| Telecommunications Service Providers | - | - | 6.15% | - | |
| Telecommunications Services | - | - | - | 6.15% | |
| Health Care | 5.80% | - | - | - | |
| Health Care | - | 5.80% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.37% | - | |
| Biotechnology | - | - | - | 1.70% | |
| Pharmaceuticals | - | - | - | 1.67% | |
| Medical Equipment & Services | - | - | 1.40% | - | |
| Medical Equipment | - | - | - | 1.04% | |
| Medical Supplies | - | - | - | 0.35% | |
| Health Care Providers | - | - | 1.03% | - | |
| Health Care Services | - | - | - | 1.03% | |
| Consumer Staples | 5.09% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 4.40% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.40% | - | |
| Food Retailers & Wholesalers | - | - | - | 4.40% | |
| Food, Beverage & Tobacco | - | 0.69% | - | - | |
| Food Producers | - | - | 0.69% | - | |
| Food Products | - | - | - | 0.69% | |
| Real Estate | 4.39% | - | - | - | |
| Real Estate | - | 4.39% | - | - | |
| Real Estate Investment & Services | - | - | 4.39% | - | |
| Real Estate Holding and Development | - | - | - | 4.39% | |
| Basic Materials | 2.61% | - | - | - | |
| Chemicals | - | 2.61% | - | - | |
| Chemicals | - | - | 2.61% | - | |
| Chemicals & Synthetic Fibers | - | - | - | 1.33% | |
| Chemicals: Diversified | - | - | - | 1.29% | |
| Cash and Equivalents | 1.14% | - | - | - | |
Regional Allocation
| Japan | 98.69% | |
| Cash and Equivalents | 1.14% | |
| Middle East & Africa | 0.17% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Japan | 98.69% | - | |
Japan
|
- | 98.69% | |
| Cash and Equivalents | 1.14% | - | |
| Middle East & Africa | 0.17% | - | |
Israel
|
- | 0.17% | |
Breakdown By Market Cap (%)
| Mega |
|
30.82% |
| Large |
|
26.86% |
| Medium |
|
12.94% |
| Small |
|
3.38% |
| Non-Classified |
|
24.86% |
| Cash |
|
1.14% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MITSUBISHI UFJ FINANCIAL GROUP | 7.29% | Banks | Japan |
| 2 | SEVEN & I HOLDINGS CO. | 4.40% | Personal Care, Drug & Grocery Stores | Japan |
| 3 | ORIX CORPORATION | 4.30% | Investment Banking & Brokerage Services | Japan |
| 4 | HITACHI | 4.23% | General Industrials | Japan |
| 5 | SONY CORP | 4.22% | Leisure Goods | Japan |
| 6 | TOYOTA MOTOR CORPORATION | 4.05% | Automobiles & Parts | Japan |
| 7 | MITSUI & CO. | 4.02% | Industrial Support Services | Japan |
| 8 | EAST JAPAN RAILWAY COMPANY | 3.35% | Industrial Transportation | Japan |
| 9 | SOFTBANK GROUP CORP. | 3.27% | Telecommunications Service Providers | Japan |
| 10 | NIPPON TELEGRAPH AND TELEPHONE CORPORATION | 2.88% | Telecommunications Service Providers | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 12.25% | - | - | - | - | - | - | 12.25% |
| Telecommunications | - | 6.15% | - | - | - | - | - | - | 6.15% |
| Financials | - | 14.35% | - | - | - | - | - | - | 14.35% |
| Real Estate | - | 4.39% | - | - | - | - | - | - | 4.39% |
| Consumer Discretionary | - | 21.08% | - | - | - | - | - | - | 21.08% |
| Consumer Staples | - | 5.09% | - | - | - | - | - | - | 5.09% |
| Health Care | - | 5.80% | - | - | - | - | - | - | 5.80% |
| Industrials | - | 27.14% | - | - | - | - | - | - | 27.14% |
| Basic Materials | - | 2.61% | - | - | - | - | - | - | 2.61% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.14% | 1.14% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 | 0551843 |
| Mex Code | MGJAP |
| Isin Code | GB0005518435 |
| Citi Code | MG76 |
Fund Charges
| Annual Management Charge (AMC) | 1.00% |
| Further Costs | 0.01% |
| Yearly Total | 1.01% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G Japan Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in Japan. The fund usually holds a concentrated portfolio of fewer than 50 companies. The fund may also invest other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash and near cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging. |
| Benchmark | MSCI Japan Index |
| ABI Sector | Japan Equities |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs 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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 gross 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.