Fidelity Japan Fund (MUTF: FJPNX)
The investment aim of Fidelity Japan Fund is to provide long-term capital appreciation. The fund utilizes its assets to purchase securities of Japanese issuers and other investments that are tied economically to Japan. It invests mainly in common stocks. The fund may use fundamental analysis of factors such as financial condition and industry position, as well as market and economic conditions to select investments.
Fund Details
- Fund Inception Date: 09/14/1992
- Ticker Symbol: FJPNX
- CUSIP: 315910885
- Beta (3yr): 0.60
- Rank in category (YTD): 37%
- Category: Japan Stock
- Distribution: 1.68%
- Capital Gains: 0%
- Expense Ratio: 0.80%
- Net Assets: $ 400.29 million
- Number of Years Up: 9 years
- Number of Years Down: 10 years
- Annual Turnover Rate: 134.00%
This Fidelity fund is currently managed by Rie Shigekawa. She is the fund manager since April 2011. This Japan stock mutual fund has total net assets of $400.29 million. Its 12-month dividend yield is 1.68%. The most recent dividend was distributed in December 8, 2011 in the amount of $0.16. The annual expense ratio is 0.80%, which is lower than the category average, 1.67%. The annual holdings turnover as of October 16, 2012 is 134%. There is no 12b1 fee and no front-end sales load fee.
Best Japan Stock Mutual Funds 2012
Since it was first introduced to public in 1992, it has recorded in 9 years of positive return with the best achievement in 1999 (146.07%). This FJPNX fund is ranked with 2-stars rating by Morningstar. The YTD return is 2.50%. Based on the load adjusted return, this fund has returned 0.45% over the past 1-year and 3.39% over the past 10-years.
Investors that are interested can buy this fund with a minimum initial investment of $2,500. It can be purchased through 77 brokerages. They are E Trade Financial, Vanguard, JP Morgan, T Rowe Price, Pershing Fund Centre, Ameriprise Brokerage, Schwab Retail, etc.
This Fidelity Japan fund has a total of 57 holdings as of September 2012. The top 10 stock holdings are Toyota Motor Corp, Honda Motor Co Ltd, Mitsubishi UFJ Financial Group Inc, Canon Inc, Sumitomo Mitsui Financial Group Inc, Nomura Real Estate Holding Inc, Astellas Pharma Inc, Toray Indutries Inc, Asahi Kasei Corp and Otsuka Corporation. They represent 37.97% of the total portfolio. The major market sectors are Consumer Discretionary (26.15%), Financials (20.82%) and Information Technology (17.59%).
According to the fund’s prospectus, the principal investment risks are stock market volatility risk, foreign exposure risk, currency risk, issuer-specific changes, management risk, etc.
Disclosure: No Position
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