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The Investment Manager will invest 25 per cent. of the monthly management fee in Ordinary Shares. The Shares will be purchased in the secondary market or, if this is not possible, through the issue of Ordinary Shares by the Company. The Investment Manager will be required to hold the Ordinary Shares for a period of two years. Discount Control Policy – if the 4 month moving average discount is greater than 5%, the Board will endeavour to reduce the discount by buying back shares.
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Data as at: 17/04/2024
In
Objective
To provide Shareholders with a total return in excess of the MSCI Japan Small Cap Index, through the active management of a focused portfolio of equity investments listed or quoted in Japan.
AIC sector
Management group
Asset Value Investors
Company website
Launch date
23/10/2018
December
Domicile
United Kingdom
Fund manager
Joe Bauernfreund
Dividend frequency
Semi-Annually
Wind-up provisions
The Company has an unlimited life.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 179.24 | 196.64 | 127.75 | 129.30 | -1.20 | 4 | 1.33 | Mar, Sep | 1.5 (31/12/2023) |
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Note
Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 25/04/2024 | 24/05/2024 | 0.850 | No | 2023 |
| 05/10/2023 | 03/11/2023 | 0.850 | No | 2023 |
| 27/04/2023 | 26/05/2023 | 0.800 | No | 2022 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| AVI Japan Opportunity Trust | Share price total return | 11.5 | 15.5 | 30.4 | N/A |
| Japanese Smaller Companies AIC sector | Share price total return | -5.1 | -32.6 | -20.2 | N/A |
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Share structure
Number of shares
140,301,702
535,000
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 66,014 | 2,485,997 | 49,537,841 | 188,342,398 |
| Average | N/A | 121,524 | 195,547 | 149,499 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0.08 | 3.24 | 59.78 | 212.70 |
| Average | N/A | 0.16 | 0.24 | 0.17 |
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Trading details
Top holdings
Data as at : 31/03/2024
| Investment | % of total assets |
|---|---|
| Eiken Chemical Co Ltd | 10.0 |
| TSI Holdings Co Ltd | 9.1 |
| Konishi Co Ltd | 7.9 |
| Nihon Kohden Corp | 7.7 |
| Takuma Co Ltd | 7.4 |
| DTS Corp | 6.6 |
| Jade Group Inc | 6.4 |
| Shin-Etsu Polymer Co Ltd | 5.4 |
| Beenos Inc | 5.2 |
| Scotia Bank Utilisation 01/03/2024 | -8.0 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
