JPMorgan Japan Smaller Companies Trust plc

ISIN:GB0003165817 Bloomberg ticker:JPS LN

JPMorgan Japan Smaller Companies Trust plc aims to provide access to the innovative and fast growing smaller stocks that are at the core of the Japanese economy by using a stock selection process based on extensive experience and local knowledge.

  • Share price -p
  • NAV*-p
  • Premium*-
For information on charges relating to this trust please check Trust factsheet.
Source: J.P. Morgan Asset Management. Share Price updates every
15 minutes, current update as - on - .
* All other figures shown are as at close of business on 26/08/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • Aims to produce long term capital growth through investment in small and medium sized Japanese companies. Investment is permitted in Japanese quoted companies other than the largest 200 measured by market capitalization. The company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 15% geared in normal market conditions.

  • Fund facts

    • Total fund size: £200,778,006
    •  (as at 31/07/2016)
    • Benchmark: S&P Japan Small Cap Index (Total Return Net)
    • Investment style: Growth
    • Sector: Far East
  • Risk warnings

    The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.

    For further risks associated with this trust please refer to the 'Key risks' section below.

Performance

Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr
 
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You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.

Fund Managers

  • Shoichi Mizusawa

    Shoichi Mizusawa, managing director, is a senior investment manager with the Japan team of Pacific Regional Group in Tokyo. He joined the firm in 1997 as a marketing manager responsible for Japan pension funds and took up his current role in 2000. Prior to joining the firm, Shoichi spent four years with Postipankki as the Tokyo representative in capital markets. He began his career with Mitsubishi Motors Corporation in 1989. Shoichi obtained and a B.A. in political science and economics from Waseda University and an M.B.A. from Simon Fraser University.

  • Nicholas Weindling

    Nicholas Weindling, Executive Director, is an investment manager with the Japan team of Pacific Regional Group in Tokyo. He joined the firm in 2006 from Baillie Gifford in Edinburgh where he spent four years, initially as a UK large cap analyst and latterly as a Japanese equities investment manager. Nicholas obtained BA (Hons) in History from Pembroke College, Cambridge.

  • Naohiro Ozawa

    Naohiro Ozawa, is a research analyst and a Japan smaller company specialist with the Japan team of Pacific Regional Group in Tokyo. He joined the firm (JPMorgan Securities Japan) in 2006 as an analyst and transferred to Asset management to take up his current position in 2008. Naohiro obtained a B.S. in Economics from the London School of Economics and Political Sciences.

Important information

Key attributes
  • Extensive company visiting and first-hand research to uncover strong growth potential.
  • Benefits from J.P. Morgan's standing as one of Japan's leading foreign asset managers, with over 40 years' presence in the market.
Essential information

Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retails investors directly or via independent financial advisers.

Charges

For information on charges relating to this trust please check the Trust factsheet.

Key risks
  • Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
  • Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
  • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
  • This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
Subscription shares

On 16th December 2014, JPMorgan Japan Smaller Companies Trust plc issued Subscription Shares to Qualifying Shareholders on the basis of one Subscription Share for every five Ordinary Shares held.

Holders of JPMorgan Japan Smaller Companies Trust plc Subscription Shares can choose to convert their Subscription Shares on the last day of each month commencing in January 2015 and finishing on the last business day in November 2016.

Find out more about these Subscription Shares and how to convert them

Awards

Trust Awards Best Mainstream UK Equity Trust

Annual and half year reports
Annual general meeting

Date: 15th July 2016
Time: 2:30 pm
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2016

Proxy Voting as at:

15 July 2016 – AGM

17 July 2015 - AGM

12 December 2014 - GM

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