Newton Japan

As at 31 March 2010

Investment objective

The objective of the Sub-Fund is to achieve capital growth from a portfolio of predominantly Japanese securities. The Sub-Fund may also invest in collective investment schemes.

General information

Fund type
ICVC
Fund domicile
UK
Type of shares / units
Accumulation
Base currency
GBP
Fund manager
Ewan Markson-Brown
Alternate
Paul Markham

Key dates

Fund launch
01/06/1987
Close of financial year
30 June
Fund size (million)
£ 5.91

Fund aim

To outperform the FTSE World Japan Index by over 2% p.a. over rolling five year periods.

Calendar performance (%)

Calendar performance (%)

Performance (%)

PeriodFundBenchmarkRelative
3 Months to Mar-1015.615.40.2
3 Months to Dec-09-2.4-4.01.6
3 Months to Sep-099.89.30.5
3 Months to Jun-094.47.0-2.6
12 Months29.329.5-0.2
3 Years annualised-5.7-0.8-4.9
5 Years annualised-1.75.4-7.1
Performance since 22-09-2000 annualised-3.9-1.7-2.2

Attribution by sector (%)

3 Month attributionFund weightB'mark weightFund returnB'mark returnStock selectionAsset allocationNet effect
Oil & Gas5.900.974.1614.31-0.61-0.03-0.65
Basic Materials6.208.228.7813.84-0.140.08-0.06
Industrials18.2020.3325.2719.090.91-0.090.82
Consumer Goods23.3524.1610.5912.70-0.43-0.03-0.46
Health Care4.274.9918.597.120.460.060.53
Consumer Services5.547.9916.7616.90-0.02-0.01-0.03
Telecommunication2.023.575.2613.85-0.180.03-0.15
Utilities0.005.070.0014.280.000.050.05
Financials14.7317.4315.5617.81-0.27-0.05-0.32
Technology18.477.2820.4517.640.390.270.66
Cash1.330.00-0.000.28-0.38-0.09

Active positions - top ten overweight (%)

StockFundB'mark
Makita Corp7.350.15
Rohm Co Ltd6.080.38
Inpex Holdings Inc5.900.23
T&D Holdings Inc5.650.27
Nissan Motor Co Ltd5.770.86
Nomura Holdings Inc5.261.22
Capcom Co Ltd3.960.04
Fuji Machine Manufacturing Co3.490.00
Okuma Corp3.500.04
Fuji Film Hldgs Corp3.840.59

Active positions - top ten underweight (%)

StockFundB'mark
Toyota Motor Corp0.004.63
Sumitomo Mitsui Financial Grp0.002.09
Nintendo Co Ltd0.001.59
Tokyo Electric Power Co Inc0.001.21
NTT DoCoMo Inc0.001.20
Canon Inc1.602.75
Honda Motor Co Ltd1.142.17
Mitsui & Co Ltd0.001.03
Mizuho Financial Group Inc0.001.01
Nippon Telegraph & Telephone0.000.99

Top ten holdings (%)

StockFund
Makita Corp7.35
Rohm Co Ltd6.08
INPEX Holdings Inc5.90
Nissan Motor Co Ltd5.77
T&D Holdings Inc5.65
Nomura Holdings Inc5.26
Mitsubishi Corp4.68
Capcom Co Ltd3.96
Panasonic Corp3.93
Fuji Film Hldgs Corp3.84

3 month relative contribution - top five (%)

Stock
Fuji Machine Manufacturing Co0.89
Okuma Corp0.82
Toyota Motor Corp0.56
Rohm Co Ltd0.38
T&D Holdings Inc0.36

3 month relative contribution - bottom five (%)

Stock
Makita Corp-0.86
Inpex Holdings Inc-0.63
Nissan Motor Co Ltd-0.49
Nintendo Co Ltd-0.42
Nomura Holdings Inc-0.28

Historical fund statistics - 3 years

12 Month turnover
82.46
3 Month turnover
9.29
Annualised Sharpe ratio
-0.38
Annualised alpha
-4.26
Annualised information ratio
-0.47
Beta
1.19
Ex ante tracking error
5.54
Ex post tracking error
9.31
Fund volatility
22.94
Index volatility
17.87
Jensen alpha
-0.31
Portfolio VAR pa
n/a
Portfolio VAR pm
n/a
R²
0.86
Treynor ratio
-7.40

Literature

Dealing & Statutory literature