Morningstar Fund Report  | 02/04/2025Print

Jupiter Japan Income Fund J Acc

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Jupiter Japan Income Fund J Acc
Fund6.3-9.410.15.92.0
+/-Cat4.0-2.2-2.0-3.41.8
+/-B’mrk4.0-3.5-3.3-4.42.5
 
Category: Japan Large-Cap Equity
Category Benchmark: Morningstar Japan TME NR JPY
Key Stats
NAV
01/04/2025		 GBP 1.63
Day Change 0.17%
Morningstar Category™ Japan Large-Cap Equity
IA (formerly IMA) Sector Japan
ISIN GB00BJJQ5J58
Fund Size (Mil)
17/07/2024		 GBP 1177.10
Share Class Size (Mil)
01/04/2025		 GBP 9.14
Max Initial Charge -
Ongoing Charge
20/03/2025		  1.33%
Morningstar Research
Analyst Report28/02/2025
Morningstar Manager Research,
Morningstar, Inc

Jupiter Japan Income follows a well-defined investment philosophy targeting yield and growth, and it has been implemented consistently over manager Dan Carter’s tenure since 2016. This supports a Morningstar Analyst Rating of Bronze for the clean...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process24
Performance
Price
Investment Objective: Jupiter Japan Income Fund J Acc
To provide income together with the prospect of capital growth in order to provide a return, net of fees, higher than that provided by the TOPIX Index over the long term (at least five years). At least 70% of the Fund is invested in shares of companies based in Japan. Up to 30% of the Fund may be invested in other assets, including shares of companies based anywhere in the world, open-ended funds (including funds managed by Jupiter and its associates), cash and near cash.
Returns
Trailing Returns (GBP)01/04/2025
YTD0.56
3 Years Annualised5.38
5 Years Annualised*8.50
10 Years Annualised*7.68
12 Month Yield 2.21
Management
Manager Name
Start Date
Dan Carter
30/06/2016
Mitesh Patel
01/01/2020
Inception Date
29/05/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
TOPIX TR JPYMorningstar Japan TME NR JPY
Portfolio Profile for  Jupiter Japan Income Fund J Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.900.0099.90
Bond0.000.000.00
Property0.000.000.00
Cash15.3215.210.10
Other0.000.000.00
Top 5 Regions%
Japan100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Technology29.30
Consumer Cyclical19.40
Financial Services17.41
Communication Services9.42
Basic Materials8.47
Top 5 HoldingsSector%
Sumitomo Mitsui Financial Group IncFinancial ServicesFinancial Services8.33
Sony Group CorpTechnologyTechnology7.07
NEC CorpTechnologyTechnology4.88
KDDI CorpCommunication ServicesCommunication Services4.07
ORIX CorpFinancial ServicesFinancial Services3.92
Increase Decrease New since last portfolio
Jupiter Japan Income Fund J Acc
Growth Of 1000 (GBP) 28/02/2025
Fund:  Jupiter Japan Income Fund J Acc
Category:  Japan Large-Cap Equity
Category Index:  Morningstar Japan TME NR JPY
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 2018*2019*2020*202120222023202428/02
Price Return-9.3623.7611.086.34-9.4310.075.872.03
+/- Category1.019.03-0.774.04-2.19-2.01-3.401.82
+/- Category Index-2.099.410.734.05-3.55-3.29-4.412.55
% Rank in Category473421472738315
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.17   2.61-0.09
1 Week-2.49   0.761.25
1 Month-1.44   0.950.42
3 Months0.56   2.612.93
6 Months0.08   0.261.78
YTD0.56   2.612.93
1 Year1.20   3.923.91
3 Years Annualised5.38   0.22-1.06
5 Years Annualised*8.50   0.82-0.08
10 Years Annualised*7.68   1.210.96
 
Category: Japan Large-Cap Equity
Category Index: Morningstar Japan TME NR JPY
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20245.20-2.532.600.63
20232.731.090.235.74
2022-9.09-6.923.043.87
20210.320.879.18-3.75
2020-13.92*15.80*2.029.23
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageLow3 star
5-Year*AverageBelow Average3 star
10-Year*Above AverageAverage4 star
Overall*Above AverageBelow Average4 star
 
Category :  Japan Large-Cap EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev10.71 %
3-Yr Mean Return6.49 %
 
3-Yr Sharpe Ratio0.23
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Japan TME NR JPY  Morningstar Japan TME NR JPY
3-Yr Beta0.780.78
3-Yr Alpha1.831.83
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 11797-
Market Capitalisation% of Equity
Giant35.90
Large27.06
Medium27.92
Small9.13
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.560.99
Price/Book1.321.03
Price/Sales1.081.08
Price/Cash Flow7.811.03
Dividend-Yield Factor2.791.14
 
Long-Term Projected Earnings Growth10.651.10
Historical Earnings Growth12.100.90
Sales Growth9.011.08
Cash-Flow Growth34.472.23
Book-Value Growth8.910.94
 
Category: Japan Large-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.900.0099.90
Bond0.000.000.00
Property0.000.000.00
Cash15.3215.210.10
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 Materials8.471.96
Consumer CyclicalConsumer Cyclical19.401.30
Financial ServicesFinancial Services17.411.10
Real EstateReal Estate3.020.93
Consumer DefensiveConsumer Defensive1.370.27
HealthcareHealthcare2.650.35
UtilitiesUtilities1.081.61
Communication ServicesCommunication Services9.421.04
IndustrialsIndustrials7.880.36
TechnologyTechnology29.301.70
 
Category: Japan Large-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings40
Total Number of Bond Holdings0
Assets in Top 10 Holdings46.79
NameSectorCountry% of Assets
Sumitomo Mitsui Financial Group Inc103Japan8.33
Sony Group Corp311Japan7.07
NEC Corp311Japan4.88
KDDI Corp308Japan4.07
ORIX Corp103Japan3.92
Tokio Marine Holdings Inc103Japan3.87
SoftBank Corp308Japan3.85
Toyota Motor Corp102Japan3.67
Panasonic Holdings Corp311Japan3.58
Sekisui House Ltd102Japan3.55
 
Increase Decrease New since last portfolio
Category: Japan Large-Cap Equity
 
Management
Name of CompanyJupiter Unit Trust Managers Ltd
Phone+44 20 3817 1000
Websitehttp://www.jupiteram.com
AddressThe Zig Zag Building
 London   SW1E 6SQ
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date29/05/2020
Fund Advisor(s)
Jupiter Asset Management Limited
Fund ManagerDan Carter
Manager Start Date30/06/2016
Education
Warwick University, B.A./B.S.
 
Biography
Dan joined Jupiter in 2008 and is a fund manager specialising in Japanese equities as part of the Global team. He manages the Jupiter Japan Income Fund (Unit Trust) and the Japan Select fund (SICAV). Before joining Jupiter, Dan was a fund manager at Odey Asset Management on the Japanese equities team and before that was at Baillie Gifford & Co, where he was an investment analyst for both the Japanese equities and UK Large-Cap Equities teams. Dan has a degree in Economics and Economic History from Warwick University and is a CFA charterholder.
Fund ManagerMitesh Patel
Manager Start Date01/01/2020
 
Biography
Mitesh started his career in 2006 as an Equities Analyst at BlackRock Investment Management. He joined Baring Asset Management in 2009 and worked for 7 years as an Investment Manager in Japanese equities. He joined the Japanese equites team at Jupiter in 2016 and became co-manager of the Jupiter Japan funds in January 2020. Mitesh has a BSc in Investment & Financial Risk Management from CASS Business School. He is also a CFA Charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.33%
Ongoing Charge1.33%
Purchase Details
Minimum Investments
Initial500  GBP
Additional250  GBP
Savings-
Tax Free Savings Schemes
ISAsNo