WS Morant Wright Nippon Yield Fund
October 2024
    Fund Information
    Fund size
    £772m
    Fund type
    UK authorised OEIC
    Fund currency
    Sterling
    Launch date
    October 2008
    Geographical location
    100% Japanese equities
    Number of Holdings

    68

    Top Ten Holdings
    Sumitomo Mitsui Financial Group3.7
    Mitsubishi UFJ Financial Group3.4
    Sumitomo Mitsui Trust3.3
    Dai-Ichi Life Holdings Inc3.2
    Honda Motor Co. Ltd3
    Sumitomo Electric Industries2.8
    Concordia Financial Group Ltd2.7
    Inpex2.6
    NHK Spring2.5
    Fuji Media Holdings2.5
    Market Cap%
    Large Cap (>$5b)35.3
    Mid Cap ($1b - $5b)53.4
    Small Cap (< $1b)8.0
    Cash3.3
    Average PBR0.83
    Median EV/OP* (3/25e)6.4
    Weighted Average P/E (3/25e)10.7
    Net cash as % of market cap*45%

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

    Performance20232022202120202019
    B Accumulation Shares18.9%8.8%11.6%-5.9%11.9%
    TOPIX Net Total Return12.3%-5.0%1.9%9.1%15.2%

    All performance information is calculated by Morant Wright Management Limited using share price data provided by Waystone Management (UK) Limited. Share price performance is for income units with dividends reinvested up to August 2010, and accumulation units thereafter. Index data are taken from Bloomberg. Performance is given in £ terms 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. TOPIX TR is used for the purpose of performance comparison only as it is the most widely used benchmark which includes reinvestment of dividends and which most closely reflects the type of companies in which the fund invests.  

    Fund Administrator
    Waystone Fund Administrators Limited
    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 Waystone by telephone or in writing

    Tel: 0345 922 0044

    Fax: 0113 224 6001

    Dealing Department

    Waystone Fund Administrators Limited
    Central Square
    29 Wellington Street
    Leeds LS1 4DL

    wtas-investorservices@waystone.com

    A dilution levy, which will normally be between 0.2% and 0.4%, may be applied at the ACD's 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.  

    The fund is currently soft-closed and a 5% front-end load will be applied to purchases by new investors.

    Share types and fees

    There are no performance fees.

    Share Class

    Bloomberg Code

    SEDOL

    ISIN

    Minimum
    investment

    AMC

    OCF

    B Accumulation

    CFMWNBA LN

    B42MKS9

    GB00B42MKS95

    £5,000

    1.0%

    1.18%

    Download KIID

    B Income

    CFMWNYB LN

    B2R83B2

    GB00B2R83B20

    £5,000

    1.0%

    1.18%

    Download KIID

    Dividend per ‘B’ Income Share (SEDOL B2R83B2)
    31/Oct/24 (est)7.5343
    30-Apr-247.0283
    31-Oct-235.7134
    30-Apr-237.0071
    31-Oct-225.631
    30-Apr-226.829
    31-Oct-215.0278
    30-Apr-215.848
    31-Oct-204.1192
    30-Apr-206.2359
    31-Oct-195.1285
    30-Apr-195.7753
    Body

    Subject to certain limited exemptions, , the WS Morant Wright Nippon 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.