Investment Style

Invest in companies that the fund believes to contribute or will contribute to solving social or environmental problems, while at the same time increasing their corporate value over the long term.

• High Conviction: approx. 30-50 stocks, no sector limits/targets
• Active share consistently in excess of 75%
• SFDR* Classification: Article 9

*EU Sustainable Finance Disclosure Regulation.

Philosophy

We believe that companies that take a proactive approach to solving environmental and/or social problems as a business can achieve long-term profit growth.

• We are committed to helping build a sustainable society while delivering superior returns to our clients by carefully selecting such stocks based on rigorous fundamental research and decision making by the portfolio management team supported by our proprietary ESG evaluation framework.
• We also leverage the Japan Active Core Strategy investment platform, which focuses on assessing historical relative valuation that indicates a fair value level for a company. Given that fair values can change over time as companies grow, restructure or transform, we aim to find gaps between market price and fundamental value by combining fundamental research and a quantitative screen.

Further details of the sustainability strategy are described in the tab “Sustainability-related disclosure”.

Background on investing 

• Japanese companies have made significant progress in modernising their governance structures, adopting more environmentally sustainable practices and addressing longstanding social issues.
• Corporate mindset has also shifted, as companies increasingly prioritize stable earnings over the pursuit of market share. A shift from short term financial profits to stable economic returns on capital is in progress.
• Nomura AM is committed to ESG integration, backed by our local presence in the Japanese markets built over 60 years, with a team of research professionals embedding ESG factors in their analysis.

Morningstar Overall Ratings as at 31-03-2025. Copyright © Morningstar 2025. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) do not constitute advice of any kind, whether investment, tax, legal or otherwise. User is solely responsible for ensuring that it complies with all laws, regulations and restrictions applicable to it. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past performance is no guarantee of future results. Morningstar rating based on Nomura Funds Ireland – Japan Sustainable Equity Core Fund I JPY.

Potential Significant Risks

The Fund’s specialist investment mandate could result in it not performing in line with funds that have a broader investment policy. By focusing its investments on Japan, the fund will have greater exposure to the market, political and economic risks of that country than if it was more diversified across a number of countries. The Fund will hold a limited number of investments. If one of these investments falls in value this can have a greater impact on the Fund’s value than if it held a larger number of investments.

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Sustainability-related disclosure

Nomura Funds Ireland - Japan Sustainable Equity Core Fund (the "Sub-Fund")

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Fund		Monthly Factsheet
Class A JPY
Class I JPY

For a full list of available share class documents including PRIIPs KIDs, please visit our fund documents page.

The lead share class fund literature is shown first in the above list. If any literature is not available in the above list for the share class you are invested in/interested in, please contact [email protected]

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