Legg Mason IF Japan Equity X

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 441.50 Day Change GBX -5.30 (-1.19%)
Price Date 15 Oct 2018 Crown Rating 5
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 0.00 Fund Size 1,165,027,000.00
Launch Date 08/10/1996 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 100,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B8JYLC77 Min TopUp (£) 0.00
Ongoing Charge (%) 1.0200 Ongoing Charge Date 17/04/2018

Fund Objective

To achieve capital growth through investment in securities of Japanese companies.

Fund Managers

Hideo Shiozumi

Hideo Shiozumi has over 45 years experience in Japanese equities. Having been educated in the U.S. and working during his formative years at Robert Fleming in London, he brings a Western perspective to equities investment not normally associated with Japanese investment managers. He was the first Japanese fund manager for Robert Fleming & Co., Ltd. and also, in the late 1970s, the first Japanese national in the City of London to be named as a director. In managing the Fleming Japan Fund in the 1970s through the early 1980s to record performance, he learned not to be a trader as well as the virtues of “patience”. These remain guiding principles of his portfolio management style. This is reflected in the low turnover and focus on long term stocks that are hallmarks of each portfolio he constructs. In 1983, Hideo Shiozumi founded his own company to manage the Japanese investment of George Soros’s Quantum Fund. He was recruited in 1987 to set up a joint venture between National Capital Management, an affiliate of the Matsushita group and Foreign & Colonial, the UK investment management firm. As president, he developed diversified portfolios for Japanese institutions that were turning their attention to the investment opportunities afforded in markets beyond Japan. Hideo Shiozumi founded Shiozumi Investment Limited in Hong Kong in 1990 to single-mindedly exploit the unfolding and attractive opportunity in investing in newly emerging, Japanese growth companies. He has a fervent belief in the role of a specialist as in-depth market knowledge has become increasingly important in performance achievement. His intent is that his company never becomes “just another generalist” in the Tokyo market. In 2000, Hideo Shiozumi established Shiozumi Asset Management CO., Ltd. and in October 2001, transferred all business to Japan from its former company, Shiozumi Investment Limited in Hong Kong.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
NIHON M&A CENTER INC 7.25%
M3 INC 7.01%
PEPTIDREAM INC 5.67%
ZOZO INC 5.48%
OUTSOURCING INC 4.55%
GMO PAYMENT GATEWAY INC 4.12%
NINTENDO CO 4.12%
DON QUIJOTE HLDGS CO LTD 3.87%
EN-JAPAN INC. 3.41%
SMS CO LTD 3.41%

Asset Breakdown

Name Weight
Cash & Cash Equivalents 0.36%
Japanese Equities 99.64%

Region Breakdown

Name Weight
Japan 99.64%
Money Market 0.36%

Sector Breakdown

Name Weight
Cash & Cash Equivalents 0.36%
Consumer Discretionary 17.18%
Consumer Staples 11.21%
Financials 1.62%
Health Care 25.00%
Industrials 28.87%
Information Technology 12.67%
Real Estate 2.47%
Telecommunications Utilities 0.62%