Nuveen Tradewinds Japan Fund – A
The Nuveen Tradewinds Japan Fund – A (NTJAX) is offered by Nuveen Investments. According to the fund’s documents, this Japan-focused mutual fund seeks “long-term capital appreciation by investing in companies listed or domiciled in Japan, selected using a disciplined, value-oriented process.”
The fund invests across market caps and uses the bottom-up stock picking approach. It intends to pick stocks that are “mispriced, misperceived, or underfollowed.” The fund literature states that its strategy doesn’t intend to track any particular benchmark.
The fund has been in existence since December 2008. It’s a small fund compared to its peers in this review, with assets of ~$15.6 million as of August 2015. Its net expense ratio is 1.47%. There’s a maximum sales charge of 5.65% on the “A” share class. This is applicable to the offer price of the fund. The minimum investment amount for this share class is $3,000 with a minimum additional investment of $100.
In terms of number of holdings, the Nuveen Tradewinds Japan Fund – A (NTJAX) had 52 holdings as of August 2015. As a percentage of total assets, its top holding is NTT DoCoMo (DCM) with an exposure of 3.3%.
Nippon Telegraph & Telephone Corporation (NTT) and Seven & I Holdings (SVNDY), rounded off the top three holdings, forming a combined 5.9% of the fund’s August portfolio. Popular companies like Toyota Motor (TM) and Kyocera (KYO) form 2.4% of the portfolio.
Peter Boardman manages NTJAX and has been at its helm since December 2008.
We’ll look at the fund’s performance for August 2015 in the next article.