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Data as at: 08/12/2025

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Objective
To provide Shareholders with attractive capital growth through the active management of a focussed portfolio of quoted companies which have the majority of their operations in, or revenue derived from, Japan and that have been identified as being undervalued.
AIC sector
Japanese Smaller Companies
Management group
Rising Sun Management
Company website
Nippon Active Value Fund website Follow on LinkedIn
Launch date
21/02/2020
Financial year end
December
Domicile
United Kingdom
Fund manager
James B. Rosenwald, Gifford Combs, Kazutaka Mizuochi, Paul ffolkes Davis
Dividend frequency
Annually
Wind-up provisions
The company has been established with unlimited life. Shareholders will have the opportunity to vote on an ordinary resolution on the continuation of the Company at the AGM of the Company to be held in 2027, and every second AGM thereafter.
Continuation vote
2 yearly
Market Cap (m) Total assets (m) Price (last close) NAV Discount / premium (%) Gearing (%) Dividend yield (%) Dividend dates Ongoing charge (%)
396.58 412.14 206.00 214.08 -3.31 0 0.78 Apr 1.18 (31/12/2024)
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Dividends

Dividends declared in last 12 months

Ex-dividend date Payment date Dividend amount Special dividend Financial year
17/04/2025 23/05/2025 3.250 No 2024
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Performance (%)

Return type 1 year 3 years 5 years 10 years
Nippon Active Value Fund Share price total return 11.7 78.1 111.0 N/A
Japanese Smaller Companies AIC sector Share price total return 12.2 15.5 -18.0 N/A
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Share structure

Number of shares
192,514,986

Traded volumes (number of shares)

  Yesterday 1 month 1 year 5 years
Total 183,816 3,806,724 55,184,136 258,917,976
Average N/A 181,273 218,119 205,002
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Traded values (m)

  Yesterday 1 month 1 year 5 years
Total 0.38 7.82 109.83 418.31
Average N/A 0.37 0.43 0.33
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Trading details

ISIN Ticker Traded currency Stock exchange
GB00BKLGLS10 NAVF GBX London Stock Exchange - MAIN
Chi-x Europe Limited
London Stock Exchange
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Top holdings

Data as at : 31/12/2024

Investment % of total assets
Investments At Fair Value Through Profit Or Loss 94.6
Cash And Cash Equivalents 5.4
Trade And Other Receivables 0.3
Trade And Other Payables -0.4

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FE fundinfo logo Company documents provided by FE fundinfo.