What does “魁 (Sakigake)” mean? 

It means things/people who stand ahead of the curve or are pioneers. Sakigake aims to stably generate superior return by investing extensively in companies which share a growth story. Innovative services/products which create an impact by solving societal issues or even changing society itself are often invented by a single or a small collection of companies. However, as the services/products themselves pervade society this creates a ripple effect for a large number of companies with related business. Creating a connected growth story.

 

Key Facts

Investment Objective

Generate consistent excess returns against the benchmark. Portfolio managers and analysts focus on structural changes in society/industry as themes which can be the main source of returns in the long term.

Fund Size

USD 14.6 million as of March 2024

Launch Date

21st June 2018

Base Currency

JPY

Investment Method

Bottom-up, research driven

Fund Domicile

Luxembourg

Lead ISINs

Class B JPY - LU1824452749

Performance

The fund aims to generate consistent excess returns against the benchmark overthe mid-to-long term. The portfolio invests mainly in mid-to-large cap equities with growth potential which benefit from structural changes in society and industries with a concentrated portfolio. We construct a portfolio by employing two approaches to stock selection: a thematic approach and a bottom-up approach.

Please refer to the prospectus of the Fund and to the key investor information document ("KIID") and do not base any final investment decision on this communication alone. Your Capital is at risk. Past performance does not predict future returns. Complete information on the risks of investing in the Fund are set out in the Fund's prospectus. The Fund's return may increase or decrease as a result of the changes to investment performance as well as foreign exchange rates.

Japan Sakigake High Alpha Fund is Actively Managed: The policy of the Fund is not to track performance against any index. The benchmark is used as a reference for performance measurement only, and not used to determine the composition of the Fund.

Managers and Analysts

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Katsunori Ogawa headshot
Katsunori Ogawa
Chief Portfolio Manager

Katsunori Ogawa joined the firm in 1994. He was appointed as a client relationship manager for public pension funds in 1997.

Katsunori Ogawa joined the firm in 1994. He was appointed as a client relationship manager for public pension funds in 1997.

In 2002, Katsunori became a portfolio manager of a Japanese equities active strategy. He applies a thematic/top-down approach in addition to bottom-up stock picking to generate alpha on a constant basis. He is one of the first investors to capture Asian (especially Chinese) consumer’s demand for Japanese consumer durable goods and was an early investor in companies like Unicharm (a paper nappy maker) and Yakult (lactic fermenting beverages maker).

Katsunori received a BA in economics from Keio University. He is a Chartered Member of the Securities Analysts Association of Japan (CMA) and a Certified International Investment Analyst (CIIA).

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Nagato Kimura headshot
Nagato Kimura
Senior Portfolio Manager

Nagato started his career at a securities trading company and later moved to a financial service data company, managing consensus data for corporate earnings based on sell side analysts’ forecasts. Nagato then attended business school before commencing his career at SuMi TRUST in 2007 as a research analyst in chemicals, textiles and electrical appliances.

Nagato started his career at a securities trading company and later moved to a financial service data company, managing consensus data for corporate earnings based on sell side analysts’ forecasts. Nagato then attended business school before commencing his career at SuMi TRUST in 2007 as a research analyst in chemicals, textiles and electrical appliances.

He joined the team to become a portfolio manager of a Japanese equity active strategy in August 2012.

Nagato received an MBA from Keio University with a concentration in corporate finance and is a Chartered Member of the Securities Analysts Association of Japan (CMA).

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Masahito Kondo headshot
Masahito Kondo
Senior Portfolio Manager

Masahito Kondo joined the firm as a Japanese equity research analyst in 2007. He became a portfolio manager of a Japanese equity active strategy in July 2018 and joined the Sakigake team in November 2021.

Masahito Kondo joined the firm as a Japanese equity research analyst in 2007. Prior to joining, he worked at a securities company as a Japanese equity strategist. As a research analyst at SuMi TRUST, he covered various industries including the mining and petroleum refinery, electricity and gas, food and beverage (including cigarettes), toiletry product, retail industry and pharmacy.

He became a portfolio manager of a Japanese equity active strategy in July 2018 and joined the Sakigake team in November 2021.

Masahito received a BA in business and commerce from Keio University. He is a Certified Member Analyst of the Securities Analysts Association of Japan (CMA), a Certified International Investment Analyst (CIIA), and a Certified Financial Technician (CFTe®).

Risk Information

UCITS Risk Profile

The Synthetic Risk and Reward Indicator (SRRI) is designed to provide a consistent calculation and presentation of risk information for all UCITS funds. The SRRI is a numerical scale between 1 and 7; with 1 meaning low risk/reward and 7 a higher level of risk but with potential for a higher level of return.

  • This Fund is ranked at 6 because funds of this type have experienced high rises and falls in value in the past. Although this is a high risk ranking it is not the highest.
  • Please note that even the lowest risk ranking can lose you money and that extreme market circumstances can mean you suffer severe losses in all cases. This indicator does not take into account the following risks of investing in this Fund:
  • Investing mainly in the Japanese market means that investors in the Fund are exposed to the movements of that one particular economy.
  • Changes in currency exchange rates can cause the value of the investment to fall or rise.
  • Please refer to the General Risk Considerations section of the prospectus for more information.

PRIIPS Performance Scenarios

What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions. Markets could develop very differently in the future.

The figures shown include all the costs of the product itself but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances.

For full details please refer to the PRIIPS KID documents available for download below.

January 2024

PRIIPS Performance Scenarios

June 2023

Past Performance Bar Charts

NAV per unit

Class A JPY
LU1824452665
19250.3821
Class B JPY
LU1824452749
19589.1347
Class A USD Hedged
LU1850120699
162.5143
Class B USD Hedged
LU1824453044
219.1196
Updated on

Fund Documents

March 2024

Factsheet

2023

Prospectus

2023

Annual Report

2023

Semi Annual Report

Sustainability-related disclosures

PRIIPS Key Information Documents

2024

PRIIPS KID B JPY

2024

PRIIPS KID B USD

2024

PRIIPS KID B USD Hedged

2024

PRIIPS KID A JPY

2024

PRIIPS KID A USD Hedged

2024

PRIIPS KID Retail JPY

2024

PRIIPS KID Retail USD

2024

PRIIPS KID Retail USD Hedged

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