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INVESTOR PROFILE

Key Facts

ISIN IE00BK5X4014

NAV: 1,837.00 JPY

NAV DATE: 18-Jul-2024

YTD PERF: 16.5%

YTD PERF. DATE: 30-Jun-2024

Total Net Assets (all classes, m) 3,967.3 JPY

Number of holdings 47

Weight of top 10 stocks 32.7%

Share Class Currency JPY

SFDR Article 8

Key Documents View all documents

Monthly Report
Quarterly Report
Prospectus
PRIIPS Key Information Document

RISK INDICATOR

Lower Risk Higher Risk

1 2 3 4 5 6 7

This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.

Investment Policy

A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies which typically are highly liquid and have long-established track records and resilient business models. The Fund will invest at least two-thirds of its assets in securities issued by companies listed or traded on regulated markets that have their headquarters in, or principally carry out their activities in Japan or in securities issued or guaranteed by the Japanese government.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).

Main Risks

This fund has the following core inherent risks (non-exhaustive list):

• Investing involves risk including possible loss of principal,

• The value of all investments and the income derived therefrom can decrease as well as increase,

• There is no assurance that the investment objective of the fund will be achieved,

• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.

A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.

PERFORMANCE & HOLDINGS As of 30-Jun-2024

CUMULATIVE PAST PERFORMANCE

Cumulative returns shown are monthly returns calculated on the last business day of each month.

Index: Topix - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report.

Calendar Past Performance

This chart shows the fund’s performance as the percentage loss or gain per year over the last 5 years compared to the index.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.

 

Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 2019. Past performance has been calculated in JPY.

 

Rolling Net (%)

Annualised
QTD YTD 1Y 3Y 5Y 10Y Inception
Fund 1.5 16.5 19.1 9.0 - - 14.0
Index 1.7 19.9 25.1 15.4 - - 13.7

Rolling Volatility (%)

Annualised
1Y 3Y 5Y 10Y
Fund 16.6 18.7 - -
Index 14.2 14.8 - -

Calendar Year Past Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 36.8 6.2 -17.9 30.3
Index - - - - - - 7.0 12.4 -2.9 27.8

Annual Performance (%) As At Quarter End

Q2 2019
-Q2 2020
Q2 2020
-Q2 2021
Q2 2021
-Q2 2022
Q2 2022
-Q2 2023
Q2 2023
-Q2 2024
Fund - 31.0 -15.4 28.6 19.2
Index - 26.9 -1.8 25.2 25.1

Index: Topix - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report.

Past performance does not predict future returns.

Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.

TOP 5 HOLDINGS

Company Name Weight (%)
Hitachi 5.1
DISCO 4.0
FAST RETAILING 3.4
Keyence 3.2
Tokyo Electron 3.2

The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the securities.

Past performance does not predict future returns.

Breakdowns based on Comgest data, GICS sector and MSCI country classifications.

Past performance does not predict future returns.

1Y 5Y
1 year performance scenario
Jul-2023 Aug-2023 Sep-2023 Oct-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 Jun-2024
Favourable performance scenario 57.6 % 57.6 % 57.6 % 57.6 % 57.6 % 57.6 % 57.6 % 57.6 % 57.6 % 57.6 %
Moderate performance scenario 16.5 % 16.5 % 16.5 % 15.9 % 15.9 % 16.5 % 16.5 % 16.5 % 16.5 % 16.5 %
Unfavourable performane scenario -20.0 % -20.0 % -20.0 % -20.0 % -20.0 % -20.0 % -20.0 % -20.0 % -20.0 % -20.0 %
Stressed performance scenario -63.4 % -63.4 % -63.4 % -63.4 % -63.4 % -63.4 % -63.4 % -63.4 % -63.4 % -63.4 %
5 year performance scenario
Jul-2023 Aug-2023 Sep-2023 Oct-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 Jun-2024
Favourable performance scenario 19.9 % 19.9 % 18.6 % 18.5 % 18.5 % 18.5 % 18.5 % 18.5 % 18.5 % 18.5 %
This type of scenario occurred for an investment between the following years
Aug-2013
Aug-2018
Aug-2013
Aug-2018
Sep-2013
Sep-2018
Sep-2016
Sep-2021
Sep-2016
Sep-2021
Sep-2016
Sep-2021
Sep-2016
Sep-2021
Sep-2016
Sep-2021
Sep-2016
Sep-2021
Sep-2016
Sep-2021
Moderate performance scenario 13.2 % 12.9 % 12.6 % 12.6 % 12.5 % 12.6 % 12.6 % 12.6 % 12.6 % 12.6 %
This type of scenario occurred for an investment between the following years
Feb-2017
Feb-2022
Dec-2014
Dec-2019
Aug-2014
Aug-2019
Oct-2015
Oct-2020
Sep-2014
Sep-2019
Oct-2015
Oct-2020
Oct-2015
Oct-2020
Oct-2015
Oct-2020
Oct-2015
Oct-2020
Oct-2015
Oct-2020
Unfavourable performane scenario 0.8 % 0.5 % -0.3 % -0.9 % 1.3 % 2.5 % 3.5 % 4.1 % 3.4 % 3.6 %
This type of scenario occurred for an investment between the following years
Sep-2021
Jul-2023
Sep-2021
Aug-2023
Sep-2021
Sep-2023
Sep-2021
Oct-2023
Sep-2021
Dec-2023
Sep-2021
Jan-2024
Sep-2021
Feb-2024
Sep-2021
Mar-2024
Sep-2021
Apr-2024
Jun-2023
Jun-2024
Stressed performance scenario -21.7 % -21.7 % -21.6 % -21.6 % -21.6 % -21.6 % -21.6 % -21.6 % -21.6 % -21.6 %

What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product  and/or, in case of insufficient track record, a comparable share class or benchmark, over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the product. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The stress scenario shows what you might get back in extreme market circumstances.

INVESTMENT TEAM

VIEW FULL TEAM

Chantana Ward joined Comgest in 1999 and is an Analyst and Portfolio Manager specialising in Japanese equities. She is also a non-executive member of the Board of Partners.

Chantana co-leads portfolios within Comgest’s Asia including Japan and Japanese equity strategies, and has been an important contributor to the development of these strategies. Based in Paris, she travels regularly to Japan to research companies and spend time with the Tokyo-based team members. 

Chantana holds an MSc in Finance from Baruch College’s Zicklin School of Business in New York, a dual diploma with The American University of Paris.

Richard Kaye joined Comgest in 2009 and is a Tokyo-based Analyst and Portfolio Manager specialising in Japanese equities. He is also a member of the Comgest Group's Investment Committee.

With a wealth of experience in Japanese equities, Richard became co-lead of Comgest’s Japan equity strategy upon joining the Group. He started his career in 1994 as an Analyst with the Industrial Bank of Japan and then joined Merrill Lynch in the same role in 1996. In 2005 he moved to the Wellington Management Company in Boston as a Portfolio Manager of Japanese TMT stocks.

Richard graduated from Oxford University where he majored in Oriental Studies.

Makoto Egami joined Comgest in 2013 and is a Tokyo-based Analyst and Portfolio Manager specialising in Japanese equities.

He started his career in 2001 at JP Morgan Chase in Tokyo as a credit Analyst and went on to work for US-based Taiyo Pacific Partners as an investment professional before moving on to Macquarie as a Japanese small-mid cap Analyst. Makoto also held the position of senior industry Analyst at Google Japan.

He graduated from Keio University with a BA in Economics and holds an MBA from the Kellogg School of Management (USA), as well as the CMA from the Securities Analysts Association of Japan.

Investment Team listed above may include advisors from affiliates within the Comgest Group.

Details

Investment Manager Comgest Asset Management International Limited
Sub Investment Manager Comgest S.A.
Management company None / Comgest Growth plc is self-managed
Fund Name COMGEST GROWTH JAPAN COMPOUNDERS
Share Class COMGEST GROWTH JAPAN COMPOUNDERS JPY SI ACC
ISIN Code IE00BK5X4014
Bloomberg Code CGJCJSI ID
WKN Code A2PXNP
Share Class Currency JPY
Fund Base Currency JPY
Share Class Distribution Policy Accumulation
Hedged No
UCITS Yes
Share Class Inception Date 24-Dec-2019
Fund Domicile IRELAND
Investment Management Fee 0.60%
Ongoing charges 0.70%
Maximum entry fee 0.00%
Morningstar Medalist Rating
30-Apr-2024

Morningstar Medalist Rating™ is a forward-looking measure derived through research of three key pillars, People, Process, and Parent. It is expressed on a five-tier scale running from Gold to Negative. The Medalist Rating is not a statement of fact, nor is it a credit or risk rating, and should not be used as the sole basis for investment decisions. It is not intended to be nor is a guarantee of future performance.

©2024 Morningstar, Inc.

All rights reserved. Ratings and awards mentioned in this document can change at any time and do not constitute a buy recommendation.

 

  • Monthly Report
  • Quarterly Report
  • Semi-annual Report
  • Annual Report
  • Prospectus
  • PRIIPS Key Information Document
  • Integration of Sustainability Risks
  • Shareholder Notification
  • PAI Statement
  • Remuneration Policy
  • Sustainability Related Disclosures
  • Complaints Handling
Comgest

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