LF Morant Wright Japan Fund
October 2021
    Fund Information
    Fund size
    £372m
    Fund type
    UK authorised OEIC
    Fund currency
    Sterling
    Launch date
    May 2003
    Geographical location
    100% Japanese equities
    Number of Holdings

    49

    Top Ten Holdings
    Mitsubishi UFJ Financial Group3.6%
    Dai-Ichi Life Holdings3.5%
    Sumitomo Mitsui Financial Group3.4%
    Tokyo Broadcasting System3.3%
    Honda Motor3.2%
    Kinden3.1%
    Toyota Motor3.1%
    Nippon Television Network3.0%
    Sumitomo Mitsui Trust3.0%
    Canon Marketing3.0%
    Market Cap
    Large Cap (>$5b)36.6%
    Mid Cap ($1b - $5b)50.5%
    Small Cap (< $1b)9.3%
    Cash1.6%
    Average PBR0.68
    Median EV/OP* (3/22e)3.8
    Weighted Average P/E (3/22e)10.3
    Net cash as % of market cap*77%

    *Net cash (including investment securities) and EV/OP figures exclude financials

    20202019201820172016
    A Accumulation Shares-6.8%10.3%-12.7%16.3%26.2%
    B Accumulation Shares-6.3%10.8%-12.3%16.9%26.8%
    TOPIX Net Total Return9.1%15.2%-9.3%15.3%24.0%

    Please remember that past performance is not a guide to future performance. The value of the Fund and any income from it can fall as well as rise as a result of both market and currency fluctuations and investors may not get back the amount originally invested. Investors must be willing to accept some risk to their capital. Consequently, the fund may be suitable for investors who are looking to set aside their capital for the longer term (i.e. at least 5 years). Before making an investment in the Fund you must read the KIID which can be obtained from Link Fund Solutions Limited or ourselves, along with the Fund Prospectus and the latest report and accounts.

    TOPIX Net Total Return is used for the purpose of performance comparison only as it is a widely used benchmark which includes reinvestment of dividends (net of withholding tax) and which most closely reflects the type of companies in which the fund invests. All performance information is calculated by Morant Wright Management Limited using share price data provided by Link Fund Solutions Limited (LFS). Index data are taken from Bloomberg. Performance is given in sterling terms based on the Fund NAV. Data are as at 31st December 2020 and accurate as at that date.

    Fund Administrator
    Link Fund Administrators Limited (LFA)
    Dealing frequency
    Daily
    Deal cut-off point
    12:00pm
    Valuation point
    12:00pm

    To deal in shares of the Fund, please click here for the application form or contact Link by telephone or in writing
    
Telephone or Fax:


    Tel: 0345 922 0044
    Fax: 0113 224 6001

    
In writing:
    Dealing Department
    Link Fund Administrators Limited (LFA)
    Central Square
    29 Wellington Street
    Leeds LS1 4DL

    Share types and fees

    There are no performance fees.

    Share ClassBloomberg CodeSEDOLISINMinimum investmentAMCOCF
    A AccumulationCFMWJAA LN3301001GB0033010017£5,0001.5%1.67%
    B AccumulationCFMWJAA LN3301012GB0033010124£5,0001.0%1.17%
    A IncomeCFMWJAA LN3359798GB0033597989£5,0001.5%1.67%
    B IncomeCFMWJAA LN3359806GB0033598060£5,0001.0%1.17%

    *Net cash and EV/OP figures exclude financials

    The LF Morant Wright Japan Fund is not available for subscription or purchase by persons resident in the United States. Information on the fund is not intended for viewing by US investors.