NPJAX - Nomura Partners The Japan Fund Class A

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Nomura Partners The Japan Fund Class A (NPJAX)
Expense Ratio: 1.78%
Expected Lifetime Fees: $48,914.14

The Nomura Partners The Japan Fund Class A fund (NPJAX) is a Japan Stock fund started on 12/29/2008 and has $153.80 million in assets under management. The current manager has been running Nomura Partners The Japan Fund Class A since 01/6/2011. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

iShares MSCI Japan Index (EWJ)
Expense Ratio: 0.51%
Expected Lifetime Fees: $15,982.68

The iShares MSCI Japan Index (EWJ) is an Exchange Traded Fund. It is a "basket" of securities that index the Japan Stock investment strategy and is an alternative to a Japan Stock mutual fund. Fees are very low compared to a comparable mutual fund like Nomura Partners The Japan Fund Class A because computers automatically manage the stocks.

The Following Japan Stock Funds Have Lower Fees Than Nomura Partners The Japan Fund Class A (NPJAX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
DFA Japanese Small Company I DFJSX 5.0% 298 0.56%
Fidelity Advisor Japan Fund Class T FJPTX 134.0% 420 1.48%
Fidelity Advisor Japan Fund Institutional Class FJPIX 134.0% 420 0.79%
Fidelity Japan FJPNX 134.0% 420 0.86%
Fidelity Japan Smaller Companies FJSCX 133.0% 250 1.05%
Matthews Japan Fund Institutional Class MIJFX 34.9% 114 1.07%
Matthews Japan Investor MJFOX 34.9% 114 1.21%
Nomura Partners The Japan Fund Class I NPJIX 54.0% 154 1.42%
Nomura Partners The Japan S SJPNX 54.0% 154 1.65%
T. Rowe Price Japan PRJPX 72.1% 159 1.12%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.