Morant Wright Sakura Fund
March 2024
    Fund Information
    Fund size
    $1,174m
    Fund type
    UCITs OEIC, authorised in Ireland
    Fund currency
    Japanese Yen Sterling (Hedged) Euro (Hedged) US Dollar (Hedged) Swiss Franc (Hedged)
    Launch date
    May 2013
    Geographical location
    100% Japanese equities
    Number of Holdings

    64

    Top Ten Holdings
    Tokyo Broadcasting System3.5
    Honda Motor Co. Ltd3.1
    Sumitomo Mitsui Financial Group3.1
    Mitsubishi UFJ Financial Group3.1
    Dai-Ichi Life Holdings Inc3.1
    Inpex3
    Sumitomo Mitsui Trust3
    Sumitomo Electric Industries2.9
    Toyota Industries Corp2.9
    Obayashi2.8
    Market Cap%
    Large Cap (>$5b)41.2
    Mid Cap ($1b - $5b)51.1
    Small Cap (< $1b)3.4
    Cash4.3
    Average PBR0.92
    Median EV/OP* (3/24e)7.2
    Weighted Average P/E (3/24e)12.1
    Net cash as % of market cap*50%

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

    20232022202120202019
    Japanese Yen39.2%6.3%17.3%-8.5%12.8%
    TOPIX (Net Total Return)27.8%-2.9%12.4%7.0%17.7%
    Euro (hedged)44.0%5.9%16.5%-10.1%12.0%
    Sterling (hedged)27.8%7.6%17.0%-10.1%12.9%
    Swiss Franc (hedged)40.2%5.9%16.4%-10.2%11.7%
    US Dollar (hedged)45.8%8.3%17.4%-8.5%15.1%
    Yen B shares38.7%6.6%17.6%-8.3%13.1%

    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
    Link Fund Administrator Ireland Limited (LFAI)
    Dealing frequency
    Daily
    Deal cut-off point
    11.00am
    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

    Tel: +353 1 400 5300

    Fax: +353 1 400 5350

    Email: investordealing@linkgroup.ie

    Link 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.  

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

    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 LFSI 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

    Past Performance

    Performance Scenario

    Euro Acc Hedged

    MWSKEUR

    B7ST847

    IE00B7ST8472

    € 5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Euro Dist Unhedged

    BYWNV45

    IE00BYWNV454

    € 5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Sterling Acc Hedged

    MWSKSTL

    B840XH9

    IE00B840XH97

    £5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Sterling Dist Unhedged

    BYWNV34

    IE00BYWNV348

    £5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Swiss Franc Acc Hedged

    MWSKCHF

    B93V6N7

    IE00B93V6N72

    CHF5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    US Dollar Acc Hedged

    MWSKUSD

    B8JTQR2

    IE00B8JTQR23

    $5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    US Dollar Dist UnHedged

    MWSKEUR

    B7ST847

    IE00BYWNV561

    $5,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Yen Acc Unhedged

    MWSKYEN

    B9140F8

    IE00B9140F89

    ¥1,000,000

    1.00%

    1.22%

    Download KIID

    Download Past Performance

    Download Performance Scenario

    Yen B Acc Unhedged

    MWSKYBA

    BF1FZN6

    IE00BF1FZN69

    ¥1,000,000

    0.75%*

    0.97%

    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-2328-Apr-2328-Oct-2228-Apr-2231-Oct-2130-Apr-2131-Oct-2030-Apr-2031-Oct-1926-Apr-1931-Oct-18
    Dollar Distributing (unhedged) B7ST847$0.1206$0.1399$0.1043$0.1309$0.1054$0.1258$0.0753$0.1167$0.1352$0.1223$0.0880
    Sterling Distributing (unhedged) BYWNV34£0.13£0.14£0.12£0.14£0.10£0.13£0.08£0.13£0.19£0.14£0.09
    Euro Distributing (unhedged) BYWNV45€ 0.13€ 0.12€ 0.12€ 0.14€ 0.11€ 0.13€ 0.08€ 0.13€ 0.20€ 0.14€ 0.07
    Body

    Subject to certain limited exemptions, the Morant Wright Sakura 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.