Equity

BGF Japan Small & MidCap Opportunities Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) 8.57 29.41 -4.51 8.53 4.03 38.39 -23.11 25.71 7.80 1.17
Constraint Benchmark 1 (%) 5.13 26.78 0.51 13.02 6.91 30.09 -15.93 17.94 5.28 -2.49
  1Y 3Y 5Y 10y Incept.
-31.60 -6.84 -4.04 4.46 5.97
Constraint Benchmark 1 (%) -25.27 -6.50 -3.57 5.31 -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-28.95 0.76 -6.62 -11.40 -31.60 -19.14 -18.63 54.64 306.05
Constraint Benchmark 1 (%) -22.04 0.22 -9.31 -8.12 -25.27 -18.27 -16.62 67.80 -
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

11.42 -11.46 5.97 21.36 -33.93
Constraint Benchmark 1 (%)

as of Sep 30, 2022

7.81 -7.29 5.02 14.60 -28.39
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Nov 25, 2022 JPY 19,653,405,176
Share Class Inception Date Sep 1, 1998
Fund Inception Date May 13, 1987
Share Class Currency USD
Base Currency JPY
Asset Class Equity
Constraint Benchmark 1 S&P Japan MidSmallCap Index - in USD
SFDR Classification Other
Initial Charge 3.00%
Ongoing Charge 2.35%
Annual Management Fee 2.00%
Performance Fee 0.00%
Minimum Initial Investment USD 5000
Minimum Subsequent Investment -
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Japan Small/Mid-Cap Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MIGSJOE
ISIN LU0090841692
SEDOL 5548840

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Oct 31, 2022 79
Standard Deviation (3y) as of Oct 31, 2022 17.11%
P/E Ratio as of Oct 31, 2022 13.54
P/B Ratio as of Oct 31, 2022 1.19

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Japan Small & MidCap Opportunities Fund, Class E2, as of Mar 31, 2012 rated against 138 Japan Small/Mid-Cap Equity Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 31, 2022
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 3.33
77 BANK LTD/THE 2.71
MITSUBISHI HC CAPITAL INC 2.23
ZENKOKU HOSHO CO LTD 2.09
RELO GROUP INC 2.03
Name Weight (%)
KYUDENKO CORP 2.01
ITOCHU TECHNO-SOLUTIONS CORP 1.98
HIKARI TSUSHIN INC. 1.94
DAITO TRUST CONSTRUCTION CO LTD 1.89
RAITO KOGYO CO LTD 1.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2022

% of Market Value

Type Fund
as of Oct 31, 2022

% of Market Value

Type Fund
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
E2 USD Accumulating 55.68 -0.25 -0.45 Nov 25, 2022 73.03 48.58 LU0090841692 -
C2 JPY Accumulating 6,483.00 24.00 0.37 Nov 25, 2022 7,093.00 5,722.00 LU0249422360 -
C2 USD Accumulating 46.55 -0.21 -0.45 Nov 25, 2022 61.51 40.65 LU0147408305 -
A2 EUR Accumulating 60.41 -0.04 -0.07 Nov 25, 2022 72.98 54.05 LU0171289068 -
D2 Hgd EUR Accumulating 57.83 0.22 0.38 Nov 25, 2022 62.86 50.64 LU0827883280 -
A4 GBP Annual 51.84 0.03 0.06 Nov 25, 2022 61.86 46.43 LU0204063480 -
E2 JPY Accumulating 7,755.00 29.00 0.38 Nov 25, 2022 8,422.00 6,808.00 LU0249422956 -
D2 USD Accumulating 70.19 -0.31 -0.44 Nov 25, 2022 90.91 61.17 LU0827883108 -
D2 JPY Accumulating 9,775.00 37.00 0.38 Nov 25, 2022 10,483.00 8,505.00 LU0496417709 -
I2 Hgd EUR - 10.33 0.04 0.39 Nov 25, 2022 11.19 9.02 LU1822774102 -
D2 EUR Accumulating 67.60 -0.04 -0.06 Nov 25, 2022 81.05 60.28 LU0252965594 -
D4 GBP Annual 53.44 0.04 0.07 Nov 25, 2022 63.74 48.03 LU0827883017 -
A2 USD Accumulating 62.73 -0.27 -0.43 Nov 25, 2022 81.85 54.70 LU0006061252 -
I2 EUR - 13.64 -0.01 -0.07 Nov 25, 2022 16.31 12.15 LU1822774011 -
A2 Hgd EUR Accumulating 53.60 0.21 0.39 Nov 25, 2022 58.71 47.19 LU0255399742 -
X2 JPY Accumulating 10,632.00 41.00 0.39 Nov 25, 2022 11,287.00 9,183.00 LU0249423681 -
A2 JPY Accumulating 8,736.00 33.00 0.38 Nov 25, 2022 9,439.00 7,642.00 LU0249411835 -
I2 JPY Accumulating 1,972.00 7.00 0.36 Nov 25, 2022 2,110.00 1,713.00 LU0992622497 -
E2 EUR Accumulating 53.63 -0.03 -0.06 Nov 25, 2022 65.11 48.08 LU0171289225 -
A2 Hgd USD Accumulating 17.47 0.07 0.40 Nov 25, 2022 18.60 15.05 LU0931342652 -

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Literature

Literature