The Fund aims to generate long-term capital growth by investing in the shares of Japanese companies, or companies that generate a significant amount of their business in Japan. The Fund will apply a 'value' based stock picking approach, investing in a concentrated portfolio of large, medium and small capitalisation companies.
The Fund will apply a 'value' based stock picking approach, investing in a concentrated portfolio of large, medium and small capitalisation companies that exercise a significant part of their economic activities in Japan or are organised under the laws of Japan.
- Team of 4 industry and investment specialists
- 55+ years of combined industry experience
- Typically 45‑55 positions
- No benchmark or tracking error constraints
- Fundamentally-driven analysis and stock selection
FE Crown Fund Ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. All rights reserved.
Fund Managers & Analysts
Gerard Cawley, CFA
Chris Smith, CFA
Gerard Cawley, CFA
Gerard joined Polar Capital in January 2005 and is Head of the Polar Capital Japan Team.
He has been manager of the Polar Capital Japan Value Fund, formerly Japan Alpha Fund, since its launch in 2012, and has managed the Polar Capital Japan Fund since 1 June 2019.
Prior to joining Polar Capital, Gerard worked in the Japanese equity team at Schroder Investment Management.
- BA in Business Studies, Dublin City University Business School
- CFA Charterholder
- 18 years
Chris Smith, CFA
Chris Smith is co-manager of the Japan and Japan Value funds. He joined Polar Capital in January 2012 as a Japanese equity analyst, prior to which he gained five years’ experience working in accountancy.
He holds a BSc (1st Class Hons) in applied accounting and is a chartered certified accountant and a CFA charter holder.
- BSc (1st Class Hons) in Applied Accounting
- Chartered Certified Accountant and a CFA Charterholder
- 7 years
Masahiko joined Polar Capital in December 2006 from Schroder Investment Management where he was a senior analyst.
Prior to joining Polar Capital, Masahiko was an analyst at Prudential Asset Management (1997-2000).
- MBA, Waseda University, Tokyo
- Chartered member of The Security Analyst Association of Japan
- 21 years
Sachin joined the Polar Capital Japan team in October 2014 having previously worked as the Firm’s Head of Trade Support.
Sachin joined Polar Capital as an operations executive in 2005 as a post-graduate.
- BSc in Actuarial Science, London School of Economics and Political Science MSc in Actuarial Science, University of Kent
- 14 years
Cumulative Performance (%)
|JPY Class S Dist||-7.90||-5.99||1.94||-10.53||25.35||35.05||-||126.81||13.25|
Discrete Annual Performance (%)
Top 10 Positions (%)
|Mitsubishi UFJ Financial||4.5|
|Sumitomo Mitsui Financial||4.4|
|Nippon Telegraph & Telephone||3.4|
|Showa Aircraft Industry||3.3|
Market Capitalisation Exposure (%)
|Large (Topix 100)||32.2||59.7|
|Medium (Topix mid 400)||23.5||29.9|
|Small (Topix small)||40.7||10.4|
|Textiles & Apparels||3.4||2.8|
|Securities & Commodity Futures||3.0||2.3|
|Glass & Ceramics Products||1.7||0.8|
|Information & Communication||8.3||-0.9|
|Iron & Steel||0.0||-0.9|
Fact Sheet History
Tax & Distribution Reporting
Report & Accounts
Codes & Fees
|JPY Class S Dist||PCJAIJI ID||IE00B8843R79||B8843R7||1.01%||*|
|GBP Class S Dist||PCJAIBI ID||IE00B6TBKM73||B6TBKM7||1.01%||*|
|US$ Class S Dist Hedged||PCJAIUH ID||IE00B7JYM942||B7JYM94||1.01%||*|
|GBP Class S Dist Hedged||PCJAIBH ID||IE00B8C0M523||B8C0M52||1.01%||*|
|EUR Class S Dist Hedged||PCJAIEH ID||IE00B8C1QM02||B8C1QM0||1.01%||*|
|US$ Class R Dist Hedged||PCJARUH ID||IE00B88DDG32||B88DDG3||1.61%||-|
|GBP Class R Dist Hedged||PCJARBH ID||IE00B4WY8142||B4WY814||1.61%||-|
|EUR Class R Dist Hedged||PCJAREH ID||IE00B7G7VV19||B7G7VV1||1.61%||-|
|JPY Class I Dist||PCJAIJY ID||IE00BYMD0W65||BYMD0W6||1.26%||-|
|GBP Class I Dist||POJAVIG ID||IE00BYW63T38||BYW63T3||1.26%||-|
|GBP Class I Dist Hedged||POJAIGH ID||IE00BFX4HT11||BFX4HT1||1.26%||-|
|USD Class I Dist Hedged||POJAIUH ID||IE00BFX4HR96||BFX4HR9||1.26%||-|
|US$ Class I Dist||POJAVIU ID||IE00BYW63S21||BYW63S2||1.26%||-|
|EUR Class I Dist||POJAVIE ID||IE00BYW63V59||BYW63V5||1.26%||-|
|EUR Class I Dist Hedged||POJAIEH ID||IE00BFX4HW40||BFX4HW4||1.26%||-|
|US$ Class R Dist||PCJARUI ID||IE00B3KK5164||B3KK516||1.61%||-|
|JPY Class R Dist||PCJARJI ID||IE00B88S7N36||B88S7N3||1.61%||-|
OCF is correct as at the date of the latest published KIID.
Countries in which this fund is available
Please click on each country to see share class availability