CC JAPAN INCOME & GROWTH TRUST PLC ORD GBP0.01

Symbol: CCJI

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 19th Apr 2019 to 19th Apr 2020-16.06%
  • 19th Apr 2020 to 19th Apr 202126.04%
  • 19th Apr 2021 to 19th Apr 20226.33%
  • 19th Apr 2022 to 19th Apr 20233.60%
  • 19th Apr 2023 to 19th Apr 202428.59%

Key Information

Benchmark TSE TOPIX
Sector IT Japan
Gearing 122%
Ex-Dividend Date 1 Feb 2024
Dividend Pay Date 1 Mar 2024
Total Dividends - Year to Date5.3
Dividend Yield (%)2.8042

Net Asset Value (Nav)

Latest actual NAV 203.93
Latest actual NAV date 17/04/2024
NAV frequency Daily
Premium/Discount -7.32%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.61%
Performance Fee No
AMC 0.75%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.61%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

CC Japan Income & Growth Trust Plc is a United Kingdom-based closed-ended investment company. The Company's investment objective is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan. The Company may also invest in exchange-traded funds to gain exposure to such equities. Its investment in exchange traded funds shall be limited to not more than 20% of gross assets at the time of investment. It may also invest in listed Japanese real estate investment trusts (J-REITs). It invests up to 10 % of its gross assets at the time of investment in unquoted or untraded companies. It invests in a diversified portfolio of investments, which includes information and communications, chemicals, electrical appliances, banks, services, insurance, real estate, wholesale, transport equipment, securities commodities, and other sectors. Its investment manager is Coupland Cardiff Asset Management LLP.

Financial Summary

BRIEF: For the fiscal year ended 31 October 2023, CC Japan Income and Growth Trust PLC revenues increased from -£9.4M to £41.9M. Net income totaled £38.3M vs. loss of £12.9M. Revenues reflect Movements in revaluation (losses)/gains increase from -£20.8M to £18.8M, Realized G/L on Investments Securities increase from -£184K to £7.7M, Gains on non derivative investment holdi increase from £2.7M to £5.9M.

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      -5.97% 10.26% 18.74% 28.59% 41.65% 49.86%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      184,904 bytes PDF Document; last updated 29 Feb 2024
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      96,004 bytes PDF Document; last updated 15 Dec 2023
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      4,895,487 bytes PDF Document; last updated 31 Oct 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,312,703 bytes PDF Document; last updated 30 Apr 2023

      Management Team

      Richard Aston has managed this fund for 8 years and 4 months.

      Richard Aston Richard Aston manages the CC Japan Income and Growth Trust plc. He has 13 years of experience in Japanese equities and 19 years in total. Richard graduated from Cambridge University with an MA in Engineering and a sponsorship from GEC Industrial Controls. He first moved into the finance industry as an Investment Analyst with Sun Life Asset Management (now part of AXA Investment Managers) in 1992. After various roles within the asset management team, Richard was appointed as a Portfolio Manager on the Japanese desk in 1997. In 2000, he was appointed Head of Japanese equities at Chase Asset Management in London. Following the merger of Chase Manhattan, Flemings and JPMorgan, Richard became a member of the JPMorgan Asset Management Japanese Equities based in London and subsequently in Tokyo, where he worked closely with Jonathan Dobson. He was promoted to Managing Director in 2008. In December 2010, Richard returned to London and joined Coupland Cardiff Asset Management LLP.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/10/2023

      31/10/2022

      31/10/2021

      31/10/2020

      31/10/2019

      31/10/2018

      Total Revenue 41.93 -9.45 48.35 -20.64 22.75 4.92
      Gross profit 40.21 -11.08 46.76 -22.07 21.29 3.44
      Operating Profit/Loss 39.48 -11.77 46.10 -22.64 20.82 2.83
      Profit Before Tax 39.26 -12.00 45.90 -22.85 20.61 2.83
      Profit After Tax 38.34 -12.89 45.08 -23.70 19.74 2.16
      Equity Holders of Parent Company 38.34 -12.89 45.08 -23.70 19.74 2.16
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/10/2023

      31/10/2022

      31/10/2021

      31/10/2020

      31/10/2019

      31/10/2018

      Total Non-Current Assets 231.99 199.64 220.27 180.93 211.24 189.42
      Total Current Assets 5.67 8.96 3.71 8.62 8.32 6.13
      Total Assets 237.66 208.60 223.98 189.55 219.56 195.55
      Total Liabilities 2.54 5.02 1.11 5.19 5.43 4.64
      Total Net Assets 235.12 203.58 222.87 184.36 214.13 190.92
      Shareholders Funds 235.12 203.58 222.87 184.36 214.13 190.92
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 235.12 203.58 222.87 184.36 214.13 190.92

      Investment involves risk. You may get back less than invested.