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Japan
Japan Equity Fund
Managed by Liontrust Investment Partners LLPPart of Scottish Widows Investment Solutions Funds ICVC
Latest factsheet
Aug 2026
Fund size
–
Yearly charge
0.87%
Manager fee
0.75%
Income yield
0.72%
Holdings
57
Launched
22 Jun 2015
The Fund is managed by Thomas Smith. It aims to generate capital growth over the long term (5 years or more). The Fund invests at least 80% in shares of Japanese companies. These are companies which, at the time of purchase, are incorporated, domiciled, listed or conduct significant business in Japan.
Thomas Smith (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | -0.70% | – | +5.90% | – |
| 3M | +3.90% | – | +8.30% | – |
| 6M | +28.20% | – | +25.70% | – |
| YTD | +4.50% | – | +4.10% | – |
| 1Y | +41.10% | – | +42.30% | – |
| 3Y | +108.00% | – | +114.20% | – |
| 5Y | +159.90% | – | +177.60% | – |
| Since launch | +236.60% | – | +273.80% | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +4.30% | +28.20% | -23.70% | +23.00% | +10.30% | +9.10% | -1.40% | +29.80% | +31.80% | +20.70% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Mitsubishi UFJ Financial Group Inc | 5.20% | |
| 2 | Recruit Holdings Co Ltd | 4.30% | |
| 3 | Mizuho Financial Group Inc | 3.70% | |
| 4 | Nomura Holdings Inc | 3.20% | |
| 5 | Yamada Holdings Co Ltd | 3.20% | |
| 6 | Japan Post Holdings Co Ltd | 3.10% | |
| 7 | Japan Tobacco Inc | 2.90% | |
| 8 | Komatsu Ltd | 2.80% | |
| 9 | Internet Initiative Japan Inc | 2.60% | |
| 10 | Coca-Cola Bottlers Japan Holdings Inc | 2.60% |
Portfolio breakdown
Sector
| Financials | 23.60% | |
| Consumer Discretionary | 20.40% | |
| Industrials | 18.70% | |
| Information Technology | 10.10% | |
| Consumer Staples | 7.50% | |
| Communication Services | 5.70% | |
| Health Care | 5.20% | |
| Utilities | 3.00% | |
| Materials | 2.80% | |
| Other | 2.00% |
Geography
| Japan | 99.10% | |
| Cash & Derivatives | 0.90% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| – | GB00BN7G0H84 | BN7G0H8 | – | – | 1.00% | 1.12% | £1k |
| – | GB00BXDZFF23 | BXDZFF2 | – | – | 0.75% | 0.87% | £250k |
| – | GB00BXDZFG30 | BXDZFG3 | – | – | 0.75% | 0.87% | £250k |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 14 Sept 2026 |
| Jul 2026 | View original factsheet ↗ | 21 Aug 2026 |