Morant Wright Fuji Yield Fund
October 2024
    Fund Information
    Fund size
    $311m
    Fund type
    UCITs OEIC, authorised in Ireland
    Fund currency
    Japanese Yen Sterling (hedged/unhedged) Euro (hedged/unhedged) US Dollar (hedged/unhedged) Swiss Franc (hedged)
    Launch date
    November 2014
    Geographical location
    100% Japanese equities
    Number of Holdings

    57

    Top Ten Holdings
    Sumitomo Mitsui Financial Group3.9
    Sumitomo Mitsui Trust3.7
    Mitsubishi UFJ Financial Group3.6
    Fuji Media Holdings3.3
    Honda Motor Co. Ltd3.2
    Dai-Ichi Life Holdings Inc3.1
    Concordia Financial Group Ltd2.9
    NHK Spring2.9
    Inpex2.8
    Tsubakimoto Chain Co2.6
    Market Cap%
    Large Cap (>$5b)33.5
    Mid Cap ($1b - $5b)50.0
    Small Cap (< $1b)16.2
    Cash0.3
    Average PBR0.83
    Median EV/OP* (3/25e)6.1
    Weighted Average P/E (3/25e)10.8
    Net cash as % of market cap*45%

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

    20232022202120202019
    Yen (unhedged)35.3%11.5%21.9%-8.2%29.5%
    TOPIX Net Total Return27.8%-2.9%12.4%7.0%21.8%
    Sterling (hedged)40.5%12.8%21.5%-9.7%29.5%
    US Dollar (hedged)41.8%13.5%21.9%-8.3%30.7%
    Euro (hedged)N/A10.9%20.9%-9.8%28.3%
    Swiss Franc (hedged)36.3%10.9%20.9%-9.8%N/A
    Yen B shares (unhedged)33.3%10.9%22.2%-8.0%28.4%

    *Performance of TOPIX Net TR index since inception is shown in yen.

    Performance given for accumulating shares; distributing shares are available in the same currencies.

    All performance information is calculated by Morant Wright Management Limited using share price data provided by Waystone Management Company (IE) Limited. Index data are taken from Bloomberg. Performance is based on the fund nav. Data is valid as of 31st December 2023 and was accurate at that date. Morant Wright Management has a statutory obligation to point out that the value of all investments and the income therefrom can go down as well as up and the investor may not get back the amount invested. This may be caused by exchange rate fluctuations. Past performance is not necessarily a guide to future performance. The term ‘absolute return’ refers to the return that an asset may achieve over a certain period of time. In this context viewed as a period of upto 5 years. It differs from the term ‘relative return’ which refers to the return a fund or asset will achieve relative to an index or other benchmark. The term ‘absolute return’ does not imply any guarantee or certainty that any particular rate of return will be achieved or that investors will get back the amount invested.

    Fund Administrator
    Waystone Fund Administrators (IE) Limited
    Dealing frequency
    Daily
    Deal cut-off point
    11.00am (Irish time)
    Valuation point
    12.00pm (Irish time)

    To deal in shares of the Fund, please click here for the application form or contact Waystone by telephone or in writing

    Tel: +353 1 400 5300

    Fax: +353 1 400 5350

    Email: wfs-investordealing@waystone.com

     

    Waystone Fund Administrators (Ireland) Limited

    35 Shelbourne Road

    Ballsbridge

    Dublin 4

    D04 A4E0

    Ireland

    A dilution levy, which will normally be between 0.2% and 0.4%, may be applied at the directors' discretion on purchases or redemptions exceeding 5% of the Net Asset Value of the Fund. This is to cover dealing costs and market impact. For deals of this size, please contact us directly to arrange the subscription or redemption.  

    Before making an investment in the Fund you must read the KID along with the Fund Prospectus, performance history, past scenarios and the latest report and accounts which can be obtained from LFAI or available here on the tabs above. Please also refer to https://www.linkgroup.eu/media/1617/20210730-shareholder-rights-policy_… for a full summary of investor rights

    Share Class

    Bloomberg code

    SEDOL

    ISIN

    Minimum Investment

    AMC

    OCF

    KID

    KIID

    Performance history

    Performance Scenario

    Euro Acc Hedged

    MWFYEAH

    BQ5BN33

    IE00BQ5BN330

    € 5,000

    1.00%

    1.28%

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    Download KIID

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    Download Performance Scenario

    Euro Acc Unhedged

    MWFYEAU

    BDRKVZ5

    IE00BDRKVZ52

    € 5,000

    1.00%

    1.28%

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    Download KIID

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    Download Performance Scenario

    Euro Dist Hedged

    MWFYEDH

    BQT49G3

    IE00BQT49G37

    € 5,000

    1.00%

    1.28%

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    Download KIID

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    Download Performance Scenario

    Euro Dist Unhedged

    MWFYEDU

    BD1LVV0

    IE00BD1LVV03

    € 5,000

    1.00%

    1.28%

    Download KID

    Download KIID

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    Download Performance Scenario

    Sterling Acc Hedged

    MWFYGAH

    BQ5BN22

    IE00BQ5BN223

    £5,000

    1.00%

    1.28%

    Download KID

    Download KIID

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    Download Performance Scenario

    Sterling Dist Hedged

    MWFYGDH

    BQT49F2

    IE00BQT49F20

    £5,000

    1.00%

    1.28%

    Download KID

    Download KIID

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    Download Performance Scenario

    Sterling Dist Unhedged

    MWFYGDU

    BYWNV67

    IE00BYWNV678

    £5,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Swiss Franc Acc Hedged

    MWFYCAH

    BQ5BN66

    IE00BQ5BN660

    CHF5,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    US Dollar Acc Hedged

    MWFYUAH

    BQ5BN55

    IE00BQ5BN553

    $5,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    US Dollar Dist Hedged

    MWFYUDH

    BQT49J6

    IE00BQT49J67

    $5,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    US Dollar Dist Unhedged

    MWFYUDU

    BD9BP98

    IE00BD9BP985

    $5,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Yen Acc Unhedged

    MWFYJAU

    BQ5BN44

    IE00BQ5BN447

    ¥1,000,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Yen Dist Unhedged

    MWFYJDU

    BQT49H4

    IE00BQT49H44

    ¥1,000,000

    1.00%

    1.28%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Yen B Acc Unhedged

    MWFJBUH

    BV0LL84

    IE00BV0LL840

    ¥1,000,000

    0.75%*

    1.03%

    Download KID

    Download KIID

    Download Past Performance

    Download Performance Scenario

    *Japanese Yen B (Accumulation shares only): 0.75% Management Fee + Performance Fee of 15% of outperformance of TOPIX Total Return Index

    Key Investor Information Documents can be found in the Share Types and Fees section

     Ex-Dividend Date 31-Oct-2430-Apr-2431-Oct-2328-Apr-2328-Oct-2228-Apr-2231-Oct-2130-Apr-2131-Oct-2030-Apr-2031-Oct-19
    Dollar Distributing (hedged) BQT49J6$0.3907$0.3650$0.2859$0.2868$0.2597$0.2706$0.1888$0.2195$0.1397$0.2139$0.1589
    Dollar Distributing (unhedged) BD9BP985$0.1990$0.1844$0.1512$0.1734$0.1494$0.1828$0.1402$0.1667$0.1095$0.1629$0.1325
    Euro Distributing (hedged) BQT49G3€ 0.3364€ 0.3130€ 0.2400€ 0.2523€ 0.2173€ 0.2372€ 0.1663€ 0.19€ 0.1929€ 0.1272€ 0.1946
    Euro Distributing (unhedged) BD1LVV0€ 0.2101€ 0.1972€ 0.1603€ 0.1873€ 0.1681€ 0.1869€ 0.1354€ 0.1589€ 0.1092€ 0.1693€ 0.1474
    Sterling Distributing (hedged) BQT49F2 £0.3448£0.3182£0.2418£0.2541£0.2086£0.2344£0.1637£0.1960£0.1244£0.1836£0.0454
    Sterling Distributing (unhedged) BYWNV67£0.217£0.2020£0.1656£0.1968£0.1726£0.1880£0.1387£0.1679£0.1179£0.1745£0.1894
    Yen Distributing BQT49H4 IE¥33.9451¥32.3163¥24.2228¥26.0838¥22.8376¥23.7748¥17.2094¥19.6050¥12.9515¥19.7063¥14.7551
    Body

    Subject to certain limited exemptions, the Morant Wright Fuji Yield 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.