Corporate Governance and Regulatory News

Schroder Japan Trust plc

Schroder Japan Trust plc

Key Company Facts

LSE: SJG | Benchmark: TOPIX TR JPY (GBP)

The principal investment objective of the Company is to achieve capital growth from an actively managed portfolio principally comprising securities listed on the Japanese stock markets, with the aim of achieving growth in excess of the TSE First Section Total Return Index in sterling over the longer term.

  • ISIN

    GB0008022849

  • Inception date

    11 July 1994

  • Distribution Frequency

    Annually

  • Fund Manager

    Masaki Taketsume

Independent Board of Directors

The Board determines and monitors the Trust's investment objective and policy, and considers its future strategic direction: being collectively responsible for the long-term success of the Trust.

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Dr Philip Kay

Chairman

Belinda Richards

Director

Helena Coles

Director

Alan Gibbs

Director

Angus Macpherson

Director

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Terms of Reference: Management Engagement Committee
Terms of Reference: Audit & Risk Committee
Terms of Reference: Nomination Committee

Corporate calendar


Half Year End

31 January

Announcement of Half Year Results

April

Year End

31 July

Announcement of Final Results

September/ October

AGM

November/ December

Dividend payments

November/ December

Regulatory news

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What are the risks?

  • Concentration risk: The company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the company, both up or down, which may adversely impact the performance of the company.

  • Currency risk: The company can be exposed to different currencies. Changes in foreign exchange rates could create losses.

  • Concentration risk: The fund may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the fund, both up or down.

  • Currency risk: The fund may lose value as a result of movements in foreign exchange rates, otherwise known as currency rates.

  • Derivatives risk: Derivatives, which are financial instruments deriving their value from an underlying asset, may be used to manage the portfolio efficiently. The fund may also materially invest in derivatives including using short selling and leverage techniques with the aim of making a return. A derivative may not perform as expected, may create losses greater than the cost of the derivative and may result in losses to the fund.

  • Gearing risk: The company may borrow money to make further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase by more than the cost of borrowing, or reduce returns if they fail to do so. In falling markets, the whole of the value in that investment could be lost, which would result in losses to the fund.

  • Liquidity risk: In difficult market conditions, the fund may not be able to sell a security for full value or at all. This could affect performance and could cause the fund to defer or suspend redemptions of its shares, meaning investors may not be able to have immediate access to their holdings.

  • Operational risk: Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the fund.

  • Performance risk: Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve.

  • Counterparty risk: The fund may have contractual agreements with counterparties. If a counterparty is unable to fulfil their obligations, the sum that they owe to the fund may be lost in part or in whole.

  • Market risk: The value of investments can go up and down and an investor may not get back the amount initially invested.