Title: 

URL Source: https://is.gd/giN2Dy

Published Time: Thu, 08 May 2025 12:43:57 GMT

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> Learn more about Schroders' funds visit: schroders.co.uk/its 1

# Company Investment Objectives and Policy 

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. 

Above is the Investment Objective of the fund. For details on the fund’s Investment Policy please see the KID. 

The latest Annual Report includes the investment policy which you should read in conjunction with the KID before investing, these are available on our Schroders website. Relevant risk as associated with this Company are shown overleaf and should be carefully considered before making any investment. Past Performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of investments to fall as well as rise. Performance data does not take into account any commissions and costs, if any, charged when units or shares of any fund, as applicable, are issued and redeemed. 

# Performance 

Performance (%) YTD 1 month 3 months 6 months 

Share Price -5.0 -5.6 -5.0 0.8 

Net Asset Value -5.6 -2.5 -5.6 0.4 

Reference Index -1.5 -1.5 -1.5 1.2 

Performance (%) 1 year 3 years p.a. 5 years p.a. 10 years p.a. 

Share Price -1.5 9.0 12.8 6.8 

Net Asset Value -1.8 9.4 11.2 7.3 

Reference Index -2.5 6.8 8.2 7.2 

Discrete yearly performance (%) Mar 15 - Mar 16 Mar 16 - Mar 17 Mar 17 - Mar 18 Mar 18 - Mar 19 Mar 19 - Mar 20 Mar 20 - Mar 21 Mar 21 - Mar 22 Mar 22 - Mar 23 Mar 23 - Mar 24 Mar 24 - Mar 25 

Share Price -10.6 46.1 6.8 -11.5 -14.1 40.7 0.5 2.4 28.3 -1.5 

Net Asset Value -6.3 37.8 8.3 -6.5 -8.4 28.3 0.9 4.7 27.6 -1.8 

Reference Index -1.7 33.0 8.2 -1.8 -2.5 24.8 -2.7 2.8 21.7 -2.5 

# Performance over 5 years       

> Nav per share Share Price TOPIX TR JPY (GBP)
> Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP. 

# Ratings and accreditation 

Please refer to the Source and ratings information section for details on the icons shown above. 

# Company facts 

Fund manager Masaki Taketsume Managed company since 01.07.2019 Alternative Investment Fund Manager Schroder Unit Trusts Limited Domicile United Kingdom Company launch date 11.07.1994 Company base currency GBP NAV (Million) GBP 222.03 Number of holdings 65 Reference Index TOPIX TR JPY (GBP) Share Price GBX 237.00 NAV per Share GBX 273.94 Premium/Discount to NAV -13.48% Distribution frequency Quarterly Gearing (%) -4.52 Pay Dates 30.04.2025 - GBX 2.89 31.01.2025 - GBX 2.82 13.12.2024 - GBX 10.81 08.12.2023 - GBX 5.40 Ex-Dates 27.03.2025 ; 02.01.2025 ; 07.11.2024 ; 02.11.2023 Dividend Yield (%) 4.9 

Where gearing is shown as negative, this reflects net cash. 

# Fees & expenses 

Ongoing charge 1.14% 

# Codes 

ISIN GB0008022849 Bloomberg SJG LN SEDOL 0802284 LSE ticker SJGl Learn more about Schroders' funds visit: schroders.co.uk/its 2

# 10 year return of GBP 10,000  

> Schroder Japan Trust plc TOPIX TR JPY (GBP)
> Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 7,500 10,000 12,500 15,000 17,500 20,000 22,500 -25.0% 0.0% 25.0% 50.0% 75.0% 100.0% 125.0%

The chart is for illustrative purposes only and does not reflect an actual return on any investment. Returns are based on the share price. Share price performance figures are calculated on a mid-market basis in GBP with income reinvested on the ex-dividend date. 

# Risk considerations 

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. 

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. 

Currency risk: If the fund’s investments are denominated in currencies different to the fund’s base currency, the fund may lose value as a result of movements in foreign exchange rates, otherwise known as currency rates. If the investor holds a share class in a different currency to the base currency of the fund, investors may be exposed to losses as a result of movements in currency rates. 

Derivatives risk: Derivatives, which are financial instruments deriving their value from an underlying asset, may be used for investment purposes and/ or to manage the portfolio efficiently. 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. 

Liquidity risk: The fund invests in illiquid instruments, which are harder to sell. Illiquidity increases the risks that the fund will be unable to sell its holdings in a timely manner in order to meet its financial obligations at a given point in time. It may also mean that there could be delays in investing committed capital into the asset class. 

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

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. 

Smaller companies risk: Smaller companies generally carry greater liquidity risk than larger companies, meaning they are harder to buy and sell, and they may also fluctuate in value to a greater extent. As a result of fees being charged to capital, the distributable income of the fund may be higher, but there is the potential that performance or capital value may be eroded. The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. This means the price may be volatile, meaning the price may go up and down to a greater extent in response to changes in demand. 

LOWER RISK 

> Potentially lower reward

HIGHER RISK 

> Potentially higher reward

# Summary risk indicator (SRI) 

1 2 3 4 5 6 7

The risk category was calculated using historical performance data (or indicative fund performance during periods of suspension) and may not be a reliable indicator of the fund’s future risk profile. The fund’s risk category is not guaranteed to remain fixed. Please see the Key Information Document for more information. Learn more about Schroders' funds visit: schroders.co.uk/its 3

# Asset allocation 

# Sector (%)        

> Company Reference Index
> Derivatives Electric Appliances Machinery Chemicals Information & Communication Banks Services Construction Insurance Foods Transportation Equipment Retail Trade Other
> 18.6 0.0 14.1 17.4 9.1 5.6 9.1 4.9 8.8 7.6 6.4 9.5 6.2 4.6 5.9 2.2 4.8 3.5 4.8 3.1 4.1 7.2 3.5 4.5 4.7 29.9
> 0% 5% 10% 15% 20% 25% 30%

# Top 10 holdings (%) 

Holding name %

Asahi Group Holdings Ltd 3.1 Hitachi Ltd 2.9 T&D Holdings Inc 2.8 ORIX Corp 2.7 Miura Co Ltd 2.5 Sumitomo Mitsui Financial Group Inc 2.5 Nippon Steel Corp 2.4 Concordia Financial Group Ltd 2.3 LY Corp 2.3 FANUC Corp 2.3 

Source: Schroders. Top holdings and asset allocation are at company level. Liquid Assets contain cash, deposits and money market instruments, which are respectively not part of the core investment objective and policy. The commitment linked to the equity index futures contracts, if present, is deducted from cash. 

# Contact information 

Schroder Unit Trusts Limited 1 London Wall Place London United Kingdom EC2Y 5AU Tel: 0800 182 2399 Fax: 

For your security, communications may be recorded or monitored. Learn more about Schroders' funds visit: schroders.co.uk/its 4

# Important information 

Costs: 

Certain costs associated with your investment in the fund may be incurred in a different currency to that of your investment. These costs may increase or decrease as a result of currency and exchange rate fluctuations. If a performance fee is applicable to this fund, details of the performance fee model and its computation methodology can be found in the fund’s prospectus. This includes a description of the performance fee calculation methodology, the dates on which the performance fee is paid and details of how the performance fee is calculated in relation to the fund’s performance fee benchmark, which may differ from the benchmark in the fund’s investment objective or investment policy. For further information regarding the costs and charges associated with your investment, please consult the funds’ offering documents and annual report. 

General: 

The Board has appointed Schroder Unit Trusts Limited as Alternative Investment Fund Manager, and to prepare this Factsheet. This factsheet should not be taken as any indication the Company held any particular investments at any particular date other than the stated date. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. If you are interested in this Company you should contact your usual financial adviser before making any investment decision. In addition you can contact one of our Investor Services team on 0800 182 2399 for further information. Please note that Schroders is unable to give you specific investment advice. For investors' security calls to this number may be recorded. The data contained in this document has been sourced by Schroders and should be independently verified before further publication or use. Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered No: 4191730 England. Authorised and regulated by the Financial Conduct Authority. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. If you are interested in this fund you should contact your usual financial adviser before making any investment decision. Please note that Schroders is unable to give you specific investment advice. For investors' security calls to this number may be recorded. Subscriptions for company shares can only be made on the basis of its latest Key Investor Document and Accounts, together with the latest audited annual report (and subsequent unaudited semi-annual report), copies are available in English and can be obtained, free of charge, from Schroder Investment Management Limited. 

Morningstar Rating: © Morningstar 2025. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.