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Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
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The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of Japanese companies. The fund's manager considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan. While it is considered a "diversified" mutual fund, it employs a relatively concentrated investment strategy and may hold securities of fewer issuers than other diversified funds.
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| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -65.3% | 2.3% | 30.30% |
| 1 Yr | 10.9% | -72.0% | 22.9% | 27.27% |
| 3 Yr | 8.3%* | -35.1% | 8.3% | 3.70% |
| 5 Yr | 10.3%* | -23.1% | 10.3% | 5.26% |
| 10 Yr | 13.0%* | -11.7% | 13.0% | 8.33% |
* Annualized
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 18.0% | -13.1% | 24.4% | 75.76% |
| 2018 | -6.5% | -32.8% | -6.5% | 3.57% |
| 2017 | 32.5% | 19.7% | 46.8% | 12.00% |
| 2016 | 11.7% | -2.5% | 11.7% | 4.00% |
| 2015 | 13.2% | 3.3% | 20.9% | 21.05% |
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -65.3% | 2.3% | 30.30% |
| 1 Yr | 10.9% | -72.0% | 22.9% | 27.27% |
| 3 Yr | 8.3%* | -32.9% | 8.3% | 3.70% |
| 5 Yr | 10.3%* | -20.1% | 10.3% | 5.26% |
| 10 Yr | 13.1%* | -8.7% | 13.1% | 8.33% |
* Annualized
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 18.0% | -13.1% | 24.4% | 75.76% |
| 2018 | -6.5% | -32.8% | -6.5% | 3.57% |
| 2017 | 32.6% | 19.7% | 50.3% | 28.00% |
| 2016 | 11.7% | -1.5% | 11.7% | 4.00% |
| 2015 | 13.2% | 3.3% | 20.9% | 31.58% |
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 597 M | 1.74 M | 1.69 B | 36.36% |
| Number of Holdings | 26 | 26 | 1764 | 100.00% |
| Net Assets in Top 10 | 331 M | 651 K | 729 M | 12.12% |
| Weighting of Top 10 | 57.76% | 3.2% | 57.8% | 6.06% |
| Weighting | Return Low | Return High | HJPIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.15% | 95.19% | 105.47% | 48.48% |
| Cash | 0.85% | -5.48% | 4.81% | 57.58% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 39.39% |
| Other | 0.00% | 0.00% | 0.00% | 39.39% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 39.39% |
| Bonds | 0.00% | 0.00% | 0.00% | 39.39% |
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.65% | 15.26% | 66.67% |
| Management Fee | 0.80% | 0.57% | 1.15% | 81.82% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.25% | 43.75% |
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 4.00% | 82.00% | 13.79% |
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.05% | 51.52% |
| HJPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.59% | -0.33% | 1.91% | 57.58% |
| HJPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
| Date | Amount |
|---|---|
| Dec 27, 2018 | $0.106 |
| Dec 27, 2017 | $0.029 |
| Dec 31, 2012 | $0.014 |
| Dec 29, 2009 | $0.024 |
Start Date
Tenure
Tenure Rank
Nov 01, 2006
13.5
13.5%
Masakazu Takeda gained a bachelor’s degree from International Christian University (Tokyo) in 1996. He is currently the lead portfolio manager of the Japan Focus All Cap strategy at SPARX Asset Management in Tokyo, a role he has held since 2006. Before joining SPARX in 1999, he held different roles at Long Term Credit Bank (currently Shinsei Bank). He has 20 years of investment and financial market experience and is a CFA Charterholder.
Start Date
Tenure
Tenure Rank
Jan 31, 2012
8.25
8.3%
Yu Shimizu gained a bachelor’s degree in Law from Keio University (Tokyo) in 1998. He is currently the lead portfolio manager of the Japan Sustainable Equity strategy at SPARX Asset Management in Tokyo, a role he has held since 2012. Before joining SPARX in 2005, he was working as an analyst at UFJ Partners Asset Management (currently Mitsubishi UFJ Asset Management) and prior to that as an analyst at Yasuda Capital Management (currently Yasuda Asset Management).
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 22.35 | 5.68 | 1.63 |
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