Fund Report

August 2017 Buy Now

JPMorgan Japan (Yen) Fund

Unit Trust Range
Asset Management Company of the Year - Asia3)
Best Fund Over 3 & 5 Years - Equity Japan4)
  • The Fund invests primarily in Japanese securities and other securities whose performance is linked to that of the Japanese economy. The Fund will have limited RMB denominated underlying investments.
  • The Fund is therefore exposed to diversification, currency and equity risks, and, for currency hedged classes, risks associated with the hedging and class currency. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.
  • Investors may be subject to substantial losses.
  • Investors should not solely rely on this document to make any investment decision.

Investment objective

To provide long-term capital growth through investment primarily in Japanese securities and other securities whose performance is linked to that of the Japanese economy.
Daily prices - NAV (YEN) ((acc) - JPY Class)
21.09.17
31,303
20.09.17
31,517
19.09.17
31,699
15.09.17
31,146
14.09.17
31,118

 (acc) - JPY Class
Fund manager Nicholas Weindling/Miyako Urabe/Shoichi Mizusawa, Tokyo
Total fund size (m) USD 213.1
Denominated currency and NAV per unit:
(acc) - JPY Class
(acc) - HKD (hedged) Class
(acc) - USD (hedged) Class
(acc) - RMB (hedged) Class

YEN 29,872
HKD 16.46
USD 16.67
CNY 11.92
12 month NAV: High
Low
YEN 30,731 (05.06.17)
YEN 23,941 (19.08.16)
Current charge: Initial
Redemption
Management fee
5.0% of NAV
0%
1.5% p.a.
SEDOL code B426081
ISIN code HK0000055670
Bloomberg code JFJAPNI HK
3 years 5 years Since launch2)
Correlation 0.76 0.84 0.83
Alpha % 0.59 0.47 0.24
Beta 0.81 1.01 1.07
Annualised volatility % 16.74 19.39 23.10
Sharpe ratio 0.91 1.31 -
Annualised tracking error % 11.22 10.52 13.05
Average annual return % 15.20 25.53 8.86
Fund Category

Contact Us
For more information, please contact your bank, investment adviser or call us directly. Tel: (852) 2265 1188

Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of star rating: Morningstar, Inc., awarded to (acc) - JPY Class. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate and for reference only. Investors are advised to consult our Investment Advisers before investing. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. Top ten holdings is available upon request. *Since launch to end of year for fund classes incepted in that year. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). The AUD/CAD/EUR/GBP/NZD/RMB/SGD Hedged Classes are not recommended for investors whose base currency of investment is not in the aforesaid currencies. 1)Dividends reinvested after deduction of withholding tax. The Total Index was replaced with Net on 01.02.05 retrospectively from 01.01.73. Prior to this date, TOPIX Price (Price change only, dividends not taken into account) was used. 2)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception. 3)Issued by The Asset, 2017 award, reflecting performance of previous calendar year. 4)Issued by the 2016 Thomson Reuters Lipper Fund Awards Hong Kong, JPMorgan Japan (Yen) (acc) - JPY, reflecting performance of previous calendar year.

The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.

For funds with different share classes, please refer to "Daily Fund Prices" or "Historical Prices" page for information on other share classes.


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