Equity

Nikko AM Japan Dividend Equity Fund - SGD Class

ISIN: SG9999010482
Bloomberg Ticker: NKJDESG SP

Overview

Investment Objective

The investment objective of the Fund is to provide a total return of capital growth and income over the medium to long term by investing in equity investments listed and traded on the Tokyo Stock Exchange

The Fund's investment focus is to invest in a diversified portfolio of dividend producing equity investments listed and traded on the Tokyo Stock Exchange that offer attractive and sustainable dividends from companies with relatively strong sustainable cash flows, stable growth and stable dividend payout.

The Fund will be actively managed and may allocate up to 30% of its NAV to cash to manage any downside market fluctuations.

(Please note that for the Hedged Classes, the Managers intend to mitigate currency risk by hedging the currency exposure of the assets of the Fund that are attributable to each of these Hedged Classes to the relevant currency in which they are denominated using currency forwards.)

Fund Details

JPY
Up to 5.00% (non-CPF subscription), Nil (CPF subscription)
1.50% p.a.
Nil ^
Cash, SRS, CPFIS-OA#, Regular Savings Plan (RSP)
SGD 1,000
SGD 100
SGD 1,000
SGD 100/month

^ Prior to 1 June 2017, the benchmark against which the Fund’s performance is measured is the TOPIX Total Return Index (the “Benchmark”). With effect from 1 June 2017, the Benchmark has been removed and there will no longer be any benchmark for the Fund. This is because pursuant to the investment objective of the Fund, the Fund is managed on a total return basis and as such, it does not seek to outperform any benchmark.

# The Fund is included under the CPF Investment Scheme (“CPFIS”) – Ordinary Account and is classified under the Higher Risk – Narrowly Focused – Country – Japan category.

Performance

SGD Class Return (%) 3 m 6 m 1 yr 3 yr 5 yr Since Inception
NAV-NAV -1.10 8.03 15.04 4.03 5.71 6.19
NAV-NAV (with charges1) -6.05 2.63 9.29 2.26 4.63 5.53
Source: Nikko Asset Management Asia Limited as of 31 May 2024
Returns are calculated on a NAV-NAV basis and assuming all dividends and distributions are reinvested, if any. Returns for period in excess of 1 year are annualised. Past performance is not indicative of future performance.

1 Takes into account of maximum initial sales charge and a realisation charge, currently nil, as and where applicable.

Holdings

Top 10 Holdings

Holdings Weight
SUMITOMO MITSUI FINANCIAL GROUP, INC. 3.2 %
MITSUBISHI UFJ FINANCIAL GROUP, INC. 3.0 %
TOKIO MARINE HOLDINGS, INC. 2.9 %
ORIX CORPORATION 2.5 %
ITOCHU CORPORATION 2.5 %
Holdings Weight
TOYOTA MOTOR CORP. 2.5 %
MIZUHO FINANCIAL GROUP, INC. 2.5 %
MITSUI CHEMICALS, INC. 2.5 %
AMADA CO., LTD. 2.4 %
HONDA MOTOR CO., LTD. 2.4 %
Source: Nikko Asset Management Asia Limited as of 31 May 2024.

Country Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 May 2024.
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Sector Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 May 2024.
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Ways to Invest

Contact Us

If you would like to invest, please get in touch with one of these distributors, or our Client Services Team at SGContactUs@nikkoam.com / (SG Toll-Free) 1-800-535-8025 or (Overseas) +65-6535-8025.

Distributor List
Important Information

The funds mentioned are Singapore registered funds approved for sale or purchase in Singapore. By proceeding, you are representing and warranting that you are either resident in Singapore or the applicable laws and regulations of your jurisdiction allow you to access the information.

This document is purely for informational purposes only with no consideration given to the specific investment objective, financial situation and particular needs of any specific person. It should not be relied upon as financial advice. Any securities mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. You should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. Investments in funds are not deposits in, obligations of, or guaranteed or insured by Nikko Asset Management Asia Limited (“Nikko AM Asia”).

Past performance or any prediction, projection or forecast is not indicative of future performance. The Fund or any underlying fund may use or invest in financial derivative instruments. The value of units and income from them may fall or rise. Investments in the Fund are subject to investment risks, including the possible loss of principal amount invested. You should read the relevant prospectus (including the risk warnings) and product highlights sheet of the Fund, which are available and may be obtained from appointed distributors of Nikko AM Asia or our website (www.nikkoam.com.sg) before deciding whether to invest in the Fund.

The information contained herein may not be copied, reproduced or redistributed without the express consent of Nikko AM Asia. While reasonable care has been taken to ensure the accuracy of the information as at the date of publication, Nikko AM Asia does not give any warranty or representation, either express or implied, and expressly disclaims liability for any errors or omissions. Information may be subject to change without notice. Nikko AM Asia accepts no liability for any loss, indirect or consequential damages, arising from any use of or reliance on this document. This advertisement has not been reviewed by the Monetary Authority of Singapore.

The Central Provident Fund (“CPF”) Ordinary Account (“OA”) interest rate is the legislated minimum 2.5% per annum, or the 3-month average of major local banks' interest rates, whichever is higher, reviewed quarterly. The interest rate for Special Account (“SA”) is currently 4% per annum or the 12-month average yield of 10-year Singapore Government Securities plus 1%, whichever is higher, reviewed quarterly. Only monies in excess of $20,000 in OA and $40,000 in SA can be invested under the CPF Investment Scheme (“CPFIS”). Please refer to the website of the CPF Board for further information. Investors should note that the applicable interest rates for the CPF accounts and the terms of CPFIS may be varied by the CPF Board from time to time.

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