Fund size: £815m
Fund type: UK authorised OEIC
Fund currency: Sterling
Launch date: October 2008
Geographical location: 100% Japanese equities
Number of Holdings: 67
| Top Ten Holdings | |
| Sumitomo Mitsui Financial Group | 3.8 |
| Dai-Ichi Life Holdings | 3.7 |
| Sumitomo Mitsui Trust | 3.5 |
| Concordia Financial Group | 3.4 |
| Mitsubishi UFJ Financial Group | 3.3 |
| Honda Motor Co. | 3.1 |
| Inpex | 2.9 |
| Fuji Media Holdings | 2.7 |
| T&D Holdings | 2.6 |
| Sumitomo Electric Industries | 2.6 |
| Market Cap | % |
| Large Cap (>$5b) | 38.0 |
| Mid Cap ($1b – $5b) | 55.3 |
| Small Cap (< $1b) | 5.0 |
| Cash | 1.7 |
| Valuations | |
| Average PBR | 0.85 |
| Median EV/OP* (3/25e) | 6.4 |
| Weighted Average P/E (3/25e) | 11.2 |
| Net cash as % of market cap* | 44% |
*Net cash (including investment securities) and EV/OP figures exclude financials
| Performance | 2023 | 2022 | 2021 | 2020 | 2019 |
| B Accumulation Shares | 18.9% | 8.8% | 11.6% | -5.9% | 11.9% |
| TOPIX Net Total Return | 12.3% | -5.0% | 1.9% | 9.1% | 15.2% |
All performance information is calculated by Morant Wright Management Limited using share price data provided by Waystone Management (UK) Limited. Share price performance is for income units with dividends reinvested up to August 2010, and accumulation units thereafter. Index data are taken from Bloomberg. Performance is given in £ terms based on the fund nav. Data is valid as of 31st December 2023 and was accurate at that date. Morant Wright Management has a statutory obligation to point out that the value of all investments and the income therefrom can go down as well as up and the investor may not get back the amount invested. This may be caused by exchange rate fluctuations. Past performance is not necessarily a guide to future performance. The term ‘absolute return’ refers to the return that an asset may achieve over a certain period of time. In this context viewed as a period of upto 5 years. It differs from the term ‘relative return’ which refers to the return a fund or asset will achieve relative to an index or other benchmark. The term ‘absolute return’ does not imply any guarantee or certainty that any particular rate of return will be achieved or that investors will get back the amount invested. TOPIX TR is used for the purpose of performance comparison only as it is the most widely used benchmark which includes reinvestment of dividends and which most closely reflects the type of companies in which the fund invests.
To deal in shares of the Fund, please click here for the application form or contact Waystone by telephone or in writing
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.
The fund is currently soft-closed and a 5% front-end load will be applied to purchases by new investors.
Share types and fees
There are no performance fees.
Please click here for the latest Key Investor Information Documents, Prospectus and Financial Statements.
Newsletter: March 2025
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DownloadNewsletter: January 2025
DownloadEuropean MiFID Template (EMT)
Download| Dividend per ‘B’ Income Share (SEDOL B2R83B2) | |
| 31/Oct/24 (est) | 7.5343 |
| 30-Apr-24 | 7.0283 |
| 31-Oct-23 | 5.7134 |
| 30-Apr-23 | 7.0071 |
| 31-Oct-22 | 5.631 |
| 30-Apr-22 | 6.829 |
| 31-Oct-21 | 5.0278 |
| 30-Apr-21 | 5.848 |
| 31-Oct-20 | 4.1192 |
| 30-Apr-20 | 6.2359 |
| 31-Oct-19 | 5.1285 |
| 30-Apr-19 | 5.7753 |
Subject to certain limited exemptions, , the WS Morant Wright Nippon Yield 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.