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Japan
M&G Japan Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (1)
Latest factsheet
Jul 2026
Fund size
£5.39bn
Yearly charge
0.45%
Manager fee
–
Income yield
1.16%
Holdings
61
Launched
6 Apr 1971
The fund aims to provide a combination of capital growth and income to deliver a return, net of the Ongoing Charge Figure, that is higher than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested in the shares of companies that are based, or do most of their business, in Japan. The fund usually holds shares in fewer than 60 companies. The fund manager invests in companies whose shares are deemed to be undervalued because investors do not always assess investments rationally. The fund manager seeks to profit from such behavioural biases.
Carl Vine (Fund manager) · Ross Sterling (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +6.60% | +15.60% | +13.90% | +6.10% | +36.80% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Mitsubishi UFJ | 6.10% | |
| 2 | Sony | 5.10% | |
| 3 | Toyota | 4.20% | |
| 4 | Recruit Holdings | 3.80% | |
| 5 | Mitsui | 3.60% | |
| 6 | Hitachi | 3.40% | |
| 7 | Softbank Group | 3.20% | |
| 8 | Orix Corporation | 2.90% | |
| 9 | Seven & I Holdings | 2.70% | |
| 10 | Mizuho Financial Group | 2.70% |
Portfolio breakdown
Sector
| Industrials | 26.20% | |
| Information technology | 18.50% | |
| Financials | 18.00% | |
| Consumer discretionary | 16.00% | |
| Communication services | 6.40% | |
| Consumer staples | 6.00% | |
| Real Estate | 3.90% | |
| Materials | 2.80% | |
| Health care | 2.20% | |
| Cash | 0.10% | |
| Utilities | 0.00% | |
| Energy | 0.00% |
Geography
| Japan | 99.90% | |
| Cash | 0.10% | |
| US | 0.00% |
Market cap
| Mega cap (> $50bn) | 54.50% | |
| Large cap ($10 - $50bn) | 32.00% | |
| Mid cap ($2 - $10bn) | 10.70% | |
| Small cap (< $2bn) | 2.80% | |
| Cash | 0.10% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB0030938475 | – | acc | No | – | 0.85% | £500 |
| Sterling A Inc | GB0030938368 | – | inc | No | – | 0.85% | £500 |
| Sterling I Acc | GB00B74CQP79 | – | acc | No | – | 0.45% | £500k |
| Sterling I Inc | GB00B6Z42S01 | – | inc | No | – | 0.45% | £500k |
| Sterling I-H Acc | GB00BDCQNH43 | – | acc | Yes | – | 0.48% | £500k |
| Sterling R Acc | GB00B56V4L08 | – | acc | No | – | 0.70% | £500 |
| Sterling R Inc | GB00B7MTFH57 | – | inc | No | – | 0.70% | £500 |
| – | GB00BG03Y538 | – | – | – | – | – | – |
| – | GB00BK7XXP79 | – | – | – | – | – | – |
| – | GB00BQ66TV72 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |