Atlantis Japan Growth Fund Limited
Condensed Interim Report and Financial Statements
for the six month financial period ended 31 October 2022
UNAUDITED
ATLANTIS JAPAN GROWTH FUND LIMITED
CONTENTS
PAGE | |
FINANCIAL HIGHLIGHTS AND PERFORMANCE | 2 |
INTRODUCTION | 5 |
CHAIRMAN'S STATEMENT | 7 |
INVESTMENT ADVISER'S INTERIM REPORT | 9 |
DIRECTORS' INTERIM REPORT AND STATEMENT | 12 |
OF DIRECTORS' RESPONSIBILITIES | |
DETAILS OF TEN LARGEST INVESTMENTS | 16 |
UNAUDITED SCHEDULE OF INVESTMENTS | 20 |
UNAUDITED CONDENSED STATEMENT OF COMPREHENSIVE INCOME | 23 |
UNAUDITED CONDENSED STATEMENT OF CHANGES IN EQUITY | 25 |
UNAUDITED CONDENSED STATEMENT OF FINANCIAL POSITION | 26 |
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS | 27 |
NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS | 28 |
ADMINISTRATION | 40 |
APPENDIX 1: SUPPLEMENTARY INFORMATION | 41 |
All references to "USD" or "$" throughout this report are to the currency of the United States. All references to "GBP" or "£" throughout this report are to the currency of the United Kingdom. All references to "JPY" or "¥" throughout this report are to the currency of Japan.
1
ATLANTIS JAPAN GROWTH FUND LIMITED
FINANCIAL HIGHLIGHTS AND PERFORMANCE TO 31 OCTOBER 2022
Capital performance
31-Oct-22 | 30-Apr-22 | % change | |
Total net assets | 78,966 | 87,279 | -9.5% |
Ordinary share performance
31-Oct-21 | 30-Apr-21 | % change | |
Net asset value (GBP) | 1.92 | 2.11 | -8.9% |
Net asset value (with dividends added back)* | - | - | -6.7% |
Middle market share price (GBP) | 1.61 | 1.85 | -13.2% |
Share price total return (with dividends added back) | - | - | -10.8% |
Dividends paid (pence), 12 months period | 10.79p | 10.81p | -0.2% |
TOPIX Total Return in GBP (Benchmark) | - | - | -1.8% |
Discount to net asset value (%)* | -16.4% | -12.2% | - |
Ongoing charges*1 | 1.85% | 1.65% | - |
*Alternative performance measure.
1 For further information please see ongoing charges in Appendix 1, page 41.
Fund Performance versus benchmark since inception
2
ATLANTIS JAPAN GROWTH FUND LIMITED
FINANCIAL HIGHLIGHTS AND PERFORMANCE TO 31 OCTOBER 2022
Fund performance versus benchmark for the three years ended 31 October 2022
Note: NAV performance prior to October 2017 is diluted by historical Subscription Rights.
Net Asset Value | 1 Year | 3 Years | 5 Years | Since | Annualised |
Total Return (GBP) | Inception | Return | |||
Atlantis Japan Growth Fund | -30.4% | -15.2% | -3.3% | 231.8% | 4.6% |
Topix TR | -9.4% | 2.1% | 7.4% | 67.1% | 2.0% |
Note: NAV performance prior to October 2017 is diluted by historical Subscription Rights.
Source: Quaero Capital LLP, Northern Trust and Bloomberg. Past performance is no guide to future performance.
Discount trend over the last three years
Source: Quaero Capital LLP, Northern Trust and Bloomberg.
3
ATLANTIS JAPAN GROWTH FUND LIMITED
FINANCIAL HIGHLIGHTS AND PERFORMANCE TO 31 OCTOBER 2022
Portfolio market capitalisation breakdown in GBP
Source: Quaero Capital LLP, Northern Trust and Bloomberg.
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Disclaimer
Atlantis Japan Growth Fund Ltd. published this content on 03 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2023 17:07:02 UTC.