A proven Japanese value equity strategy from a leading Japanese institution
The BNY Mellon Japan Equity Value Fund is managed by Mitsubishi UFJ Asset Management (UK) Ltd. and is one of the first vehicles to offer the expertise of the Tokyo-based Mitsubishi UFJ Trust and Banking Value Team in Japanese equity fund management to investors outside Japan.
A value model that quantifies relative value and market sentiment to identify undervalued stocks
The fund's investment objective is to outperform the Japanese equity market (TOPIX)
The strategy of the fund is based on the Mitsubishi UFJ Trust & Banking Value Strategy, which has outperformed its benchmark every year since inception in October 2000
The strategy applies strict risk management controls including a target 2-3% tracking error and 1.0 beta target
The success of the strategy has been demonstrated with a high information ratio of 1.65 over 5 years1
1The ultimate parent company of the asset manager
Investment objective
The Sub-Fund uses a value style investment philosophy to invest in equity and or equity related securities of Japanese listed companies.
General information
Total net assets (million)
¥ 560.28
Lipper sector
UK Offshore - Japan
Index
Topix
Fund domicile
Dublin
Fund type
ICVC
Fund manager
Andrew Jenner
Alternate
Mike Morris
Base currency
JPY
Currencies available
EUR, JPY
Key dates
Fund launch
30 Nov 2006
Close of financial year
31 Dec
BNY Mellon Asset Management Company
Mitsubishi UFJ Asset Management (UK): Mitsubishi UFJ Asset Management (UK) Ltd's* value-driven process seeks to produce attractive risk-adjusted returns by combining quantitative analysis with qualitative fundamental judgement.
DE, ES, IT, GUE, UK, BE, JER, GIB, AT, IRL, FR, NE, NO
Shareclass EUR C
General
Share class launch date
07 Feb 2007
Minimum investment
€ 5,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE00B1HMZ771
Bloomberg
MEJEVCE ID
Sedol
B1HMZ77
Valoren
CH2927917
Registered for sale in:
DE, IT, GUE, UK, BE, JER, GIB, AT, IRL, FR
Shareclass JPY A
General
Share class launch date
30 Nov 2006
Minimum investment
¥ 500,000
Annual management charge
2.00%
Maximum initial charge
5.00%
Codes
ISIN
IE00B1HMZ441
Bloomberg
MEJEVAJ ID
Sedol
B1HMZ44
Registered for sale in:
IRL, NL, GUE, UK, JER, GIB, FR, DE, NO
Shareclass JPY C
General
Share class launch date
30 Nov 2006
Minimum investment
¥ 500,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE00B1HMZ664
Bloomberg
MEJEVCJ ID
Sedol
B1HMZ66
Registered for sale in:
IRL, NL, GUE, UK, JER, GIB, FR, DE, NO
Fund Specific Important Information
* Mitsubishi UFJ Asset Management (UK) Ltd. part of the Mitsubishi UFJ Financial Group and have been invited to manage the Sub-Fund by the management company. They are not owned by The Bank of New York Mellon Corporation.
Active money is calculated against the FTSE Japan Index.
This fund is currently not registered for public distribution in Switzerland.
Performance record since launch
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - JPY C share class currency.
-47.22
BNY Mellon Japan Equity Value Fund
-43.65
Topix
Performanceto
Annualised
1 month
3 months
6 months
YTD
1 year
3 years
5 years
3 years
5 years
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in share class currency.
Fund - JPY C share class
1.04
-15.01
-5.62
-5.68
-8.99
-51.85
–
-21.62
–
Fund - JPY A share class
0.96
-15.22
-6.09
-6.23
-9.89
-53.27
–
-22.40
–
Topix
0.97
-13.84
-4.78
-5.46
-9.05
-47.42
-23.89
-19.29
-5.31
Sector average
0.96
-14.52
-5.30
-5.96
-8.54
-49.82
-29.91
-20.73
-7.03
Fund - EUR A share class
-2.08
-5.16
5.32
10.25
8.36
-32.06
–
-12.09
–
Fund - EUR C share class
-2.00
-4.92
5.85
10.89
9.44
-30.00
–
-11.21
–
Topix
-3.07
-4.60
6.27
11.85
8.72
-24.09
-8.21
-8.78
-1.70
Sector average
-3.07
-5.36
5.69
11.26
9.33
-27.55
-15.48
-10.41
-3.49
Ranking of fund in sector
63
83
69
55
58
65
–
65
–
No. of funds in sector
127
126
126
125
124
113
–
113
–
Quartile rank
2
3
3
2
2
3
–
3
–
Statutory performance data updated quarterly
From
30 Jun 09
30 Jun 08
29 Jun 07
30 Jun 06
30 Jun 05
To
30 Jun 10
30 Jun 09
30 Jun 08
29 Jun 07
30 Jun 06
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax.
Performance history is given in Fund - JPY C share class currency.
Fund
-8.1%
-31.0%
-27.7%
–
–
Calendar Performance
2009
2008
2007
2006
2005
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - JPY C share class currency.
Fund
6.91
-42.77
-12.53
-
-
Index
7.62
-40.62
-11.11
-
-
Quartile Rank
3
2
2
-
-
Summary attribution - sectors
Top 5
%
Basic Materials
0.28
Utilities
0.06
Industrials
0.06
Consumer Services
0.02
Financials
-0.02
Bottom 5
%
Technology
-0.26
Telecommunication
-0.08
Consumer Goods
-0.07
Oil & Gas
-0.05
Health Care
-0.03
Summary attribution - stocks
Top 5
%
Zeon Corp
0.24
Mitsubishi Gas Chemical Co Inc
0.07
Nintendo Co Ltd
0.07
Hitachi Ltd
0.05
TAIHEI KOGYO CO Y50
0.05
Bottom 5
%
Canon Inc
-0.13
INPEX Holdings Inc
-0.10
Elpida Memory Inc
-0.09
Shionogi & Co Ltd
-0.07
Softbank Corp
-0.06
Asset allocation
Asset allocation - industry
Holdings and Risk
Top 10 holdings
%
Toyota Motor Corp
3.3
Mitsubishi UFJ Financial Group
2.6
Honda Motor Co Ltd
2.3
Sumitomo Mitsui Financial Grp
2.0
Nippon Telegraph & Telephone
1.8
Sony Corp
1.7
Teijin Ltd
1.5
Aisin Seiki Co Ltd
1.5
Canon Inc
1.5
Shionogi & Co Ltd
1.4
Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.
