Fidelity ISIN LU2702842720

Fidelity Japan Value Fund

Fidelity Japan Value Fund is an active equity fund from Fidelity, ISIN LU2702842720.

  • Active
  • Equity
  • Japan
  • Fund size (GBP) £3.1B

The fund aims to achieve capital growth over time. The fund invests at least 70% (and normally 75%) of its assets, in equities of Japanese companies listed on the Japanese stock exchange with the focus on companies that Fidelity considers to be undervalued. The fund may also invest in money market instruments on an ancillary basis.

How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+30.0%
1 year return
–
3 year return
–
5 year return
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
  • 1 month +3.6%
  • 3 months −1.8%
  • Volatility, 3 years 21.2%
  • Ongoing charge (OCF)
  • Fund size (GBP) £3.1B

What the fund holds

Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 4 Oct 2026. Swipe or use the arrows for more panels.

By sector

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 4 Oct 2026.
Banks24.3%
Electric Appliances21.4%
Other Sectors12.2%
See all sectorsA free account shows the full list.

By country

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 4 Oct 2026.
Japan98.5%

By asset class

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 4 Oct 2026.
Japanese Equities98.5%
Money Market1.3%
Forwards0.3%
See all asset classesA free account shows the full list.

Largest holdings

The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 4 Oct 2026.
  1. 1. MIZUHO FINANCIAL GROUP, INC.5.4%
  2. 2. CITIZEN WATCH CO.,LTD.4.7%
  3. 3. MITSUBISHI ELECTRIC CORPORATION4.6%
  4. 4. JAPAN POST BANK CO LTD4.5%
  5. 5. ASHIKAGA HLDGS CO LTD3.8%
See all holdingsA free account shows the full list.

Macro events and this fund

Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.

Performance, risk and facts

Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.

Against its benchmark

How the fund compares with its benchmark over the same period.

Risk

How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years21.2%
Scale 0 to 40%
Sharpe ratio, 1 year (FE)2.60
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−15.5%

Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.

Sharpe, alpha, beta: FE fundinfo, as at 9 Jul 2026.

Fund facts

Legal and cost facts for a client note. As reported by the manager.
ISIN
LU2702842720
Fund manager
Slattery, Chung, Tano, Buffett, Zeng
Management company
FIL Investment Management (Luxembourg) S.a r.l.
Depositary
FIL Investment Management (Luxembourg) S.à r.l.
Benchmark
TOPIX Total Return Index
Ongoing charge
Share class launch date
23 Jan 2024
Domicile
LU
Fund type
open-ended fund
SRRI
6 of 7

What a sum would have become

What an amount would have grown to over the period.
n/a

Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.

Managed by Fidelity

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Other FE Gl Equity - Japan funds

Sector: FE Gl Equity - Japan

View the FE Gl Equity - Japan sector overview — top funds, average performance, exposure →

Top country exposure