Morningstar Fund Report  | 07/04/2025Print

JPMorgan Funds - Japan Equity Fund C (dist) - USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
JPMorgan Funds - Japan Equity Fund C (dist) - USD
Fund-1.9-25.79.518.6-1.8
+/-Cat-4.2-18.4-2.69.30.4
+/-B’mrk-4.2-19.8-3.98.30.9
 
Category: Japan Large-Cap Equity
Category Benchmark: Morningstar Japan TME NR JPY
Key Stats
NAV
04/04/2025		 USD 252.90
Day Change -4.60%
Morningstar Category™ Japan Large-Cap Equity
ISIN LU0822047337
Fund Size (Mil)
04/04/2025		 JPY 390733.58
Share Class Size (Mil)
04/04/2025		 USD 26.08
Max Initial Charge -
Ongoing Charge
18/07/2024		  0.96%
Morningstar Research
Analyst Report19/04/2024
Samuel Lo, Senior Analyst
Morningstar, Inc

The strategy's topnotch lead portfolio manager, well-resourced supporting team, and time-tested investment approach continue to underpin our strong conviction here, and we reiterate its Morningstar Analyst Rating across all share classes of the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent24
Process24
Performance
Price
Investment Objective: JPMorgan Funds - Japan Equity Fund C (dist) - USD
To provide long-term capital growth by investing primarily in Japanese companies.
Returns
Trailing Returns (GBP)04/04/2025
YTD-8.80
3 Years Annualised1.93
5 Years Annualised5.77
10 Years Annualised7.23
12 Month Yield 0.37
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Miyako Urabe
01/09/2015
Nicholas Weindling
01/09/2015
Click here to see others
Inception Date
04/01/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
TOPIX TR JPYMorningstar Japan TME NR JPY
Portfolio Profile for  JPMorgan Funds - Japan Equity Fund C (dist) - USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.340.0099.34
Bond0.000.000.00
Property0.000.000.00
Cash3.192.530.66
Other0.000.000.00
Top 5 Regions%
Japan100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Industrials22.23
Technology21.43
Financial Services15.69
Consumer Cyclical13.27
Communication Services10.37
Top 5 HoldingsSector%
Sony Group CorpTechnologyTechnology7.80
Mitsubishi UFJ Financial Group IncFinancial ServicesFinancial Services5.19
IHI CorpIndustrialsIndustrials4.82
ASICS CorpConsumer CyclicalConsumer Cyclical4.81
Nintendo Co LtdCommunication ServicesCommunication Services4.79
Increase Decrease New since last portfolio
JPMorgan Funds - Japan Equity Fund C (dist) - USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  JPMorgan Funds - Japan Equity Fund C (dist) - USD
Category:  Japan Large-Cap Equity
Category Index:  Morningstar Japan TME NR JPY
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.2924.3038.24-1.92-25.669.4818.61-1.76
+/- Category2.099.5726.39-4.22-18.42-2.609.330.36
+/- Category Index-1.029.9527.89-4.22-19.78-3.888.320.86
% Rank in Category3122869978337
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.60   -1.89-2.87
1 Week-9.92   -1.86-2.64
1 Month-8.39   0.02-0.46
3 Months-9.67   -1.52-2.05
6 Months-6.28   0.40-1.88
YTD-8.80   -1.18-1.93
1 Year0.25   7.247.10
3 Years Annualised1.93   -1.14-2.69
5 Years Annualised5.77   -1.46-2.14
10 Years Annualised7.23   1.541.22
 
Category: Japan Large-Cap Equity
Category Index: Morningstar Japan TME NR JPY
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.76---
20249.66-1.284.744.61
20233.921.91-4.107.79
2022-17.20-15.342.903.05
2021-8.332.838.90-4.46
2020-7.2524.379.609.35
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh2 star
5-YearBelow AverageHigh2 star
10-YearAbove AverageAbove Average4 star
OverallAverageHigh3 star
 
Category :  Japan Large-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.37 %
3-Yr Mean Return5.69 %
 
3-Yr Sharpe Ratio0.11
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Japan TME NR JPY  Morningstar Japan TME NR JPY
3-Yr Beta1.061.06
3-Yr Alpha-1.75-1.75
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)JPY 3956400-
Market Capitalisation% of Equity
Giant50.57
Large28.95
Medium18.80
Small1.68
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.421.28
Price/Book2.171.69
Price/Sales1.531.53
Price/Cash Flow10.811.42
Dividend-Yield Factor1.530.63
 
Long-Term Projected Earnings Growth12.421.28
Historical Earnings Growth15.751.17
Sales Growth4.540.54
Cash-Flow Growth25.751.66
Book-Value Growth11.531.21
 
Category: Japan Large-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.340.0099.34
Bond0.000.000.00
Property0.000.000.00
Cash3.192.530.66
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.00-
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan100.001.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Japan Large-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.201.21
Consumer CyclicalConsumer Cyclical13.270.89
Financial ServicesFinancial Services15.691.00
Consumer DefensiveConsumer Defensive5.121.02
HealthcareHealthcare6.690.89
Communication ServicesCommunication Services10.371.14
IndustrialsIndustrials22.231.03
TechnologyTechnology21.431.24
 
Category: Japan Large-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings0
Assets in Top 10 Holdings46.77
NameSectorCountry% of Assets
Sony Group Corp311Japan7.80
Mitsubishi UFJ Financial Group Inc103Japan5.19
IHI Corp310Japan4.82
ASICS Corp102Japan4.81
Nintendo Co Ltd308Japan4.79
Hitachi Ltd310Japan4.49
Rakuten Bank Ltd103Japan4.07
Tokio Marine Holdings Inc103Japan3.73
Keyence Corp311Japan3.61
Suzuki Motor Corp102Japan3.47
 
Increase Decrease New since last portfolio
Category: Japan Large-Cap Equity
 
Management
Name of CompanyJPMorgan Asset Management (Europe) S.à r.l.
Phone+352 34 101
Websitehttp://www.jpmorganassetmanagement.com
AddressEuropean Bank & Business Centre 6, route de Trèves
 Luxembourg   L-2633
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date04/01/2013
Fund Advisor(s)
JPMorgan Asset Management (Asia Pacific) Limited
JPMorgan Asset Management (Japan) Ltd
Fund ManagerMiyako Urabe
Manager Start Date01/09/2015
 
Biography
Miyako Urabe, vice president, is a country specialist for Japan equities and a member of the Japan Team within the Emerging Markets and Asia Pacific (EMAP) Equities Team based in Tokyo. Miyako joined the Firm in 2013 from Credit Suisse Securities equity sales desk in Tokyo as an Asia ex-Japan specialist. She started her career at Morgan Stanley MUFG Securities covering both Japan and Asia ex-Japan. Miyako obtained a Bachelor Degree in Economics from Keio University, Japan.
Fund ManagerNicholas Weindling
Manager Start Date01/09/2015
Education
University of Cambridge, B.A.
 
Biography
Nicholas Weindling, managing director, is a country specialist for Japan equities and a member of the Japan Team within the Emerging Markets and Asia Pacific (EMAP) Equities Team based in Tokyo. Nicholas joined the Firm in 2006 from Baillie Gifford in Edinburgh, where he worked initially as a UK large cap analyst and latterly as a Japanese equities investment manager. Nicholas obtained a B.A. (Hons) in History from Cambridge University.
Fund ManagerShoichi Mizusawa
Manager Start Date01/09/2015
Education
Waseda University, B.A.
Simon Fraser University, M.B.A.
 
Biography
Shoichi Mizusawa, managing director, is a country specialist for Japan equities and head of the Japan Team within the Emerging Markets and Asia Pacific (EMAP) Equities Team. Based in Japan, he leads the Japan-dedicated equity portfolio management teams in Hong Kong and Tokyo. Shoichi joined the Firm in 1997 as a marketing manager responsible for Japan pension funds. He transferred to the Japan Portfolio Group in 2000 and took up his current role in 2010. Prior to joining the Firm, Shoichi spent four years with Postipankki as the Tokyo representative in capital markets. He began his career with Mitsubishi Motors Corporation in 1989. Shoichi obtained a B.A. in Political Science and Economics from Waseda University and an M.B.A. from Simon Fraser University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.96%
Purchase Details
Minimum Investments
Initial10000000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes