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INVESTOR PROFILE

COMGEST GROWTH JAPAN JPY I ACC

  • NAV: 1,950.00 JPY
  • NAV DATE: 21-Feb-2024
  • YTD PERF: 3.3%
  • YTD PERF. DATE: 31-Jan-2024

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. 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).

Holdings exclude cash and cash equivalents.
Total Net Assets (all classes, m) 239,761.7 JPY
Number of holdings 40
Weight of top 10 stocks 36.8%

PERFORMANCE & HOLDINGS As of 31-Jan-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 below.

Calendar Past Performance

This chart shows the fund’s performance as the percentage loss or gain per year over the last 9 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 2014. Past performance has been calculated in JPY.

 

  • 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

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
Share Class COMGEST GROWTH JAPAN JPY I ACC
ISIN Code IE00BQ1YBP44
Bloomberg Code CGJPYIA ID
Sedol Code Null
Share Class Currency JPY
Fund Base Currency JPY
Share Class Distribution Policy Accumulation
Hedged No
UCITS Yes
Share Class Inception Date 17-Dec-2014
Fund Domicile IRELAND
Investment Management Fee 0.85%
Ongoing charges 0.90%
Maximum entry fee 0.00%

RISK INDICATOR

Lower Risk
Higher Risk
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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.

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.

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.

Morningstar Medalist Rating
03-Jul-2023

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.

©2020 Morningstar, Inc.

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

 

Related Communications

Notes from Japan 2023

Is Japan back? With the country posting its third-straight quarterly expansion in Q2 2023 and the Japanese market at 33-year highs, our investment team hit the road to engage with some of our long-held companies and further discover what themes are driving investors.

IMPORTANT INFORMATION

This is a marketing communication. Please refer to the fund prospectus and to the PRIIPs KID before making any final investment decisions. UK investors should refer to the UCITS KIID. These documents are available at our offices free of charge and on our website at www.comgest.com. The Comgest Growth plc prospectus is available in English, French and German. The KIDs are available in a language approved by the EU/EEA country of distribution. 

Tax applicable to an investment depends on individual circumstances. Depending on where you live, the fund may not be available to you for subscription. Consult your financial or professional adviser for more information on investing and taxation. The information provided does not constitute investment advice and it should not be relied on as such.

Comgest Growth funds are UCITS compliant sub-funds of Comgest Growth plc, an open-ended umbrella-type investment company with variable capital and segregated liability between sub-funds incorporated in Ireland and regulated by the Central Bank of Ireland and managed by Comgest Asset Management International Limited.

Comgest Growth plc may decide to terminate at any time the arrangements made for the marketing of its UCITS.

Comgest Asset Management International Limited’s complaints handling policy (which contains a summary of investor rights and information on redress mechanisms in the event of litigation) is available in English, French, German, Dutch and Italian on our website at www.comgest.com in the regulatory information section.

 
Comgest

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