← All funds
Japan
M&G Japan Smaller Companies Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (1)
Latest factsheet
Jul 2026
Fund size
£228.6m
Yearly charge
1.10%
Manager fee
–
Income yield
0.93%
Holdings
61
Launched
15 May 1984
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 Russell/Nomura Mid-Small Cap Index over any five-year period. At least 80% of the fund is invested in the shares of smaller 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’s focus is on stocks where it is believed that the share price is not fully valuing the company's sustainable earnings.
Carl Vine (Fund manager) · Sabrina Gleeson (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +2.30% | +18.00% | +8.10% | +2.10% | +32.60% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Kioxia Holdings | 3.00% | |
| 2 | Infroneer Holdings | 2.90% | |
| 3 | Sumitomo Electric Industries | 2.60% | |
| 4 | Shiseido | 2.40% | |
| 5 | Sparx Group | 2.40% | |
| 6 | SBS Holdings | 2.40% | |
| 7 | Anritsu Corporation | 2.30% | |
| 8 | Noritsu Koki | 2.30% | |
| 9 | Morinaga & CO. Ltd. | 2.20% | |
| 10 | Toppan Printing | 2.10% |
Portfolio breakdown
Sector
| Industrials | 30.70% | |
| Technology | 21.10% | |
| Consumer discretionary | 14.20% | |
| Financials | 12.10% | |
| Consumer staples | 7.30% | |
| Basic materials | 4.50% | |
| Real Estate | 3.80% | |
| Telecommunications | 2.30% | |
| Health care | 2.10% | |
| Utilities | 1.10% | |
| Cash | 0.90% | |
| Energy | 0.00% |
Geography
| Japan | 99.10% | |
| Cash | 0.90% | |
| US | 0.00% |
Market cap
| Mega cap (> $50bn) | 4.00% | |
| Large cap ($10 - $50bn) | 24.70% | |
| Mid cap ($2 - $10bn) | 38.20% | |
| Small cap (< $2bn) | 32.20% | |
| Cash | 0.90% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB0030939002 | – | acc | – | – | 1.10% | £500 |
| Sterling A Inc | GB0030938707 | – | inc | – | – | 1.10% | £500 |
| Sterling I Acc | GB00B7FGLY29 | – | acc | – | – | 0.70% | £500k |
| Sterling I Inc | GB00B62S8P46 | – | inc | – | – | 0.70% | £500k |
| Sterling R Acc | GB00B731FV44 | – | acc | – | – | 0.95% | £500 |
| Sterling R Inc | GB00B7FGMR27 | – | inc | – | – | 0.95% | £500 |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |