[Japan First Release] Long-awaited Dalton NAVF Select Strategy Available Exclusively to Domestic Investors via fundnote
Independent asset manager fundnote has launched the 'fundnote Dalton NAVF Select Fund,' the first public investment trust in Japan to adopt Dalton Investments' institutional-grade NAVF Select strategy, focusing on undervalued Japanese stocks and active engagement.
📋 Article Processing Timeline
- 📰 Published: March 31, 2026 at 23:00
- 🔍 Collected: April 1, 2026 at 13:39 (14h 39m after Published)
- 🤖 AI Analyzed: April 21, 2026 at 09:25 (475h 46m after Collected)
Independent investment management firm fundnote Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Katsumasa Watanabe; hereinafter 'the Company') submitted a securities registration statement on Tuesday, March 31, 2026, for the 'fundnote Dalton NAVF Select Fund' (Nickname: Takumi no Fund Dalton), the first public investment trust in Japan to adopt Dalton Investments' NAVF Select Strategy. The initial offering will begin on Thursday, April 16, 2026.
This fund aims to maximize the value of Japanese companies and share the fruits of that growth with Japanese investors, starting management on Friday, May 1, 2026.
Until now, this strategy has been provided mainly to overseas pension funds, foundations, and institutional investors, and many of those investment opportunities were limited to investors outside Japan.
Through our public investment trust, we are now providing this investment opportunity to Japanese investors for the first time. We aim to achieve medium- to long-term value creation and returns together with everyone who empathizes with the investment philosophy of fundnote and Dalton Investments.
Note that this fund is a limited investment opportunity available only through our company, and an upper limit is set for the investment capacity. (The limit for the initial offering period is 10 billion yen, and the limit for trust funds is 15 billion yen.)
*Please be aware that if applications exceed expectations, we may restrict purchases.
### Features of 'fundnote Dalton NAVF Select Fund' (Nickname: Takumi no Fund Dalton)
1. Concentrated investment in cash-rich and undervalued companies (stocks with a large discrepancy between intrinsic value and current stock price).
2. Aiming to draw out the value of invested companies through active engagement, including proposals to increase capital efficiency.
3. In managing the mother fund, part of the authority regarding investment instructions (instructions related to the management of stocks, etc.) will be entrusted to Dalton Investments Inc.
This fund aims to maximize the value of Japanese companies and share the fruits of that growth with Japanese investors, starting management on Friday, May 1, 2026.
Until now, this strategy has been provided mainly to overseas pension funds, foundations, and institutional investors, and many of those investment opportunities were limited to investors outside Japan.
Through our public investment trust, we are now providing this investment opportunity to Japanese investors for the first time. We aim to achieve medium- to long-term value creation and returns together with everyone who empathizes with the investment philosophy of fundnote and Dalton Investments.
Note that this fund is a limited investment opportunity available only through our company, and an upper limit is set for the investment capacity. (The limit for the initial offering period is 10 billion yen, and the limit for trust funds is 15 billion yen.)
*Please be aware that if applications exceed expectations, we may restrict purchases.
### Features of 'fundnote Dalton NAVF Select Fund' (Nickname: Takumi no Fund Dalton)
1. Concentrated investment in cash-rich and undervalued companies (stocks with a large discrepancy between intrinsic value and current stock price).
2. Aiming to draw out the value of invested companies through active engagement, including proposals to increase capital efficiency.
3. In managing the mother fund, part of the authority regarding investment instructions (instructions related to the management of stocks, etc.) will be entrusted to Dalton Investments Inc.