Fund size: £673m
Fund type: UK authorised OEIC
Fund currency: Sterling
Launch date: May 2003
Geographical location: 100% Japanese equities
Number of Holdings: 62
| Top Ten Holdings | |
| Sumitomo Mitsui Financial Group | 3.7 |
| Sumitomo Mitsui Trust | 3.6 |
| Mitsubishi UFJ Financial Group | 3.4 |
| Tokyo Broadcasting System | 3.2 |
| Toyota Industries | 3.2 |
| Nippon Television Network | 3.2 |
| Dai-Ichi Life Holdings | 3.2 |
| Concordia Financial Group | 3.1 |
| Fuji Media Holdings | 2.9 |
| Kinden | 2.7 |
| Market Cap | % |
| Large Cap (>$5b) | 38.3 |
| Mid Cap ($1b – $5b) | 57.0 |
| Small Cap (< $1b) | 4.1 |
| Cash | 0.6 |
| Valuations | |
| Average PBR | 0.85 |
| Median EV/OP* (3/25e) | 6.4 |
| Weighted Average P/E (3/25e) | 10.6 |
| Net cash as % of market cap* | 52% |
*Net cash (including investment securities) and EV/OP figures exclude financials
| 2023 | 2022 | 2021 | 2020 | 2019 | |
| B Accumulation Shares | 21.4 | 4.3 | 6.3 | -6.30% | 10.80% |
| TOPIX Net Total Return | 12.3 | -5 | 1.9 | 9.10% | 15.20% |
Please remember that past performance is not a guide to future performance. The value of the Fund and any income from it can fall as well as rise as a result of both market and currency fluctuations and investors may not get back the amount originally invested. Investors must be willing to accept some risk to their capital. Consequently, the fund may be suitable for investors who are looking to set aside their capital for the longer term (i.e. at least 5 years). Before making an investment in the Fund you must read the KIID which can be obtained from Waystone Management (UK) Limited or ourselves, along with the Fund Prospectus and the latest report and accounts.
TOPIX Net Total Return is used for the purpose of performance comparison only as it is a widely used benchmark which includes reinvestment of dividends (net of withholding tax) and which most closely reflects the type of companies in which the fund invests. All performance information is calculated by Morant Wright Management Limited using share price data provided by Waystone Management (UK) Limited. Index data are taken from Bloomberg. Performance is given in sterling terms based on the Fund NAV. Data are as at 31st December 2023 and accurate as at that date.
To deal in shares of the Fund, please click here for the application form or contact Waystone by telephone or in writing
Telephone or Fax:
Tel: 0345 922 0044
Fax: 0113 224 6001
Dealing Department
Waystone Fund Administrators Limited
Central Square
29 Wellington Street
Leeds LS1 4DL
wtas-investorservices@waystone.com
A dilution levy, which will normally be between 0.2% and 0.4%, may be applied at the ACD’s discretion on purchases or redemptions exceeding 5% of the Net Asset Value of the Fund. This is to cover dealing costs and market impact. For deals of this size, please contact us directly to arrange the subscription or redemption.
Share types and fees
There are no performance fees.
*Net cash and EV/OP figures exclude financialsPlease click here for the latest Key Investor Information Documents, Prospectus and Financial Statements.
Newsletter: March 2025
DownloadNewsletter: February 2025
DownloadNewsletter: January 2025
Download| Dividend per ‘B’ Income Share (SEDOL 3359806) | |
| 30-Apr-24 (Est.) | 7.0021 |
| 30-Apr-23 | 7.7088 |
| 30-Apr-22 | 6.6447 |
| 30-Apr-21 | 5.2578 |
| 30-Apr-20 | 6.1129 |
| 30-Apr-19 | 5.2925 |
| 30-Apr-18 | 3.4775 |
| 30-Apr-17 | 3.6498 |
| 30-Apr-16 | 2.1243 |
Subject to certain limited exemptions, the WS Morant Wright Japan Fund is not available for subscription or purchase by persons resident in the United States. Information on the fund is not intended for viewing by US investors.