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For financial professionals in the UK

Japan Opportunities Fund

For investors seeking quality growth and cash-flow positive businesses with deep, local insight.

ISIN
GB0007683203

NAV
GBP 517.70p
As of 13/03/2025

1-Day Change
GBP 3.60p (0.70%)
 As of 13/03/2025

Morningstar Rating

As of 28/02/2025

Overview

INVESTMENT OBJECTIVE

To aim to provide capital growth in excess of the TOPIX Index over rolling 5 year periods, after charges, by investing in Japanese companies. The Fund is not restricted in the size of companies in which it can invest.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

LOCALISED INVESTMENT APPROACH
Experienced lead manager with local expertise and a proven track record, supported by a well-resourced firm.

NOT STYLE CONSTRAINED
Built on a foundation of quality, the fund also considers mispriced quality companies on an opportunistic basis.

HIGH CONVICTION
Repeatable, fundamentals-driven process, investing in a concentrated portfolio of profitable businesses demonstrating cash-flow growth.

Past performance does not predict future returns. 
 

Portfolio Management

Junichi Inoue

Head of Japanese Equities | Portfolio Manager

Industry since 1995. Joined Firm in 2016.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 31/12/2024
A Acc (Net) Tokyo Stock Price Index (TOPIX) GR IA Japan
 
As of 31/12/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
A Acc (Net) 9.88 13.43 -8.98 -0.15 19.20
Tokyo Stock Price Index (TOPIX) GR 9.99 13.27 -4.14 2.02 9.55
IA Japan 8.54 11.01 -8.37 1.56 13.94

Index Description

The Tokyo Stock Exchange First Section Index (TOPIX) is a measure of the combined performance of a large number of the companies listed on the Tokyo Stock Exchange. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

© Morningstar 2025. All rights reserved. NAV-NAV, net income reinvested where applicable.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know how relating to TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value.
Cumulative & Annualised Performance (%)
As of 28/02/2025
A Acc (Net) Tokyo Stock Price Index (TOPIX) GR IA Japan
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
30/09/1974
A Acc (Net) -1.16 1.05 0.44 6.96 8.32 8.40 8.58
Tokyo Stock Price Index (TOPIX) GR -2.44 -0.06 2.37 7.66 7.77 7.97 9.25
IA Japan -2.44 0.49 2.55 5.86 7.40 7.54 8.85
 
  Annualised
3YR 5YR 10YR Since Inception
30/09/1974
A Acc (Gross) - 10.20 10.27 10.45
Tokyo Stock Price Index (TOPIX) GR + 2.00% - 9.93 10.13 11.43

Index Description

The Tokyo Stock Exchange First Section Index (TOPIX) is a measure of the combined performance of a large number of the companies listed on the Tokyo Stock Exchange. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

© Morningstar 2025. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know how relating to TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value.
Calendar Year Returns (%)
As of 31/12/2024
A Acc (Net) Tokyo Stock Price Index (TOPIX) GR IA Japan
2024 2023 2022 2021 2020
A Acc (Net) 9.88 13.43 -8.98 -0.15 19.20
Tokyo Stock Price Index (TOPIX) GR 9.99 13.27 -4.14 2.02 9.55
IA Japan 8.54 11.01 -8.37 1.56 13.94

Index Description

The Tokyo Stock Exchange First Section Index (TOPIX) is a measure of the combined performance of a large number of the companies listed on the Tokyo Stock Exchange. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year A Acc (Net) Index
2024 9.88 9.99
2023 13.43 13.27
2022 -8.98 -4.14
2021 -0.15 2.02
2020 19.20 9.55
2019 20.82 14.64
2018 -12.42 -8.37
2017 9.76 15.60
2016 32.44 23.41
2015 19.68 17.99
2014 0.93 2.27
2013 26.87 24.98
2012 -1.16 3.60
2011 -9.22 -13.55
2010 21.95 19.23
2009 -9.23 -5.28
2008 3.04 -1.85
2007 -10.70 -5.75
2006 -9.10 -6.73
2005 37.77 40.49
2004 6.01 8.11
2003 31.78 22.44
2002 -19.01 -18.74
2001 -21.72 -27.42
2000 -38.17 -22.39
1999 117.38 67.00
1998 0.45 4.08
1997 -35.75 -20.49
1996 -20.24 -23.23
1995 0.13 1.63
1994 17.01 15.01
1993 31.63 28.63
1992 -0.61 -2.73
1991 7.19 12.53
1990 -44.25 -46.54
1989 25.06 14.21
1988 19.01 40.74
1987 -4.14 13.00
1986 82.97 94.74
1985 9.56 14.95
1984 17.36 46.69
1983 66.08 39.19
1982 14.94 17.43
1981 37.30 45.13
1980 41.27 20.94
1979 -24.88 -18.93
1978 50.55 44.06
1977 -15.58 2.90
1976 39.57 49.50
1975 90.87 39.33
1974 from 30/09/1974 -2.82 -3.53
© Morningstar 2025. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know how relating to TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value.

Recommended holding period 5 Years

Example Investment: GBP 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs2,320 GBP2,310 GBP
Average return each year-76.83%-25.43%
UnfavourableWhat you might get back after costs8,020 GBP10,280 GBP
Average return each year-19.83%0.55%
ModerateWhat you might get back after costs10,380 GBP13,640 GBP
Average return each year3.80%6.40%
FavourableWhat you might get back after costs13,970 GBP18,040 GBP
Average return each year39.71%12.52%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 5.00%
Annual Charge 1.15%
Ongoing Charge
(As of 31/10/2024) 		1.75%
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 31/01/2025)
% of Fund
Toyota Motor 7.64
Sony Group 6.80
Hitachi 5.25
Sumitomo Mitsui Financial Group 5.17
Daiichi Sankyo 4.72
Tokio Marine 4.64
Fujitsu 4.48
Resona 4.02
Mitsui Fudosan 4.00
Shin-Etsu Chemical 4.00
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
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24 Jan 2025
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Positive momentum for Japanese equities strengthens as central bank unpauses rate hikes

Key takeaways from the Bank of Japan’s latest rate hike decision and its more optimistic economic forecasts.

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Following a transformative year for Japanese equities, what lies ahead for 2025?
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Following a transformative year for Japanese equities, what lies ahead for 2025?

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5 min read

Investing in a new Japan
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  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Some documents are available in alternative formats. Click here for information on how to request them.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • The Legal Entity Identifier for this product is 213800R3HZG4C7PQLK45.

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