Equity

BGF Japan Flexible Equity 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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

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Reinvestments

This product does not have any distributions data as of now.
  From
31.Dec.2016
To
31.Dec.2017
From
31.Dec.2017
To
31.Dec.2018
From
31.Dec.2018
To
31.Dec.2019
From
31.Dec.2019
To
31.Dec.2020
From
31.Dec.2020
To
31.Dec.2021
Total Return (%)

as of 31-Dec-2021

24.69 -17.81 20.12 19.05 12.14
  1y 3y 5y 10y Incept.
12.14 17.05 10.45 - 12.50
  YTD 1m 3m 1y 3y 5y 10y Incept.
12.14 2.03 -2.31 12.14 60.36 64.34 - 85.70
  2017 2018 2019 2020 2021
Total Return (%) 24.69 -17.81 20.12 19.05 12.14

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in JPY, hedged Share Class Benchmark performance is displayed in JPY.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Size of Fund (Millions) as of 27-Jan-2022 JPY 30,781.93
12m Trailing Yield -
Number of Holdings as of 31-Dec-2021 48
Base Currency Japanese Yen
Fund Launch Date 18-Feb-2005
Share Class launch date 28-Sep-2016
Asset Class Equity
Morningstar Category Japan Large-Cap Equity
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.81%
ISIN LU1495982941
Bloomberg Ticker BGJVI2J
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BD87P53
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment JPY 10,000,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 07-Jan-2022 A
MSCI ESG % Coverage as of 07-Jan-2022 100.00
MSCI ESG Quality Score (0-10) as of 07-Jan-2022 6.62
MSCI ESG Quality Score - Peer Percentile as of 07-Jan-2022 21.37
Fund Lipper Global Classification as of 07-Jan-2022 Equity Japan
Funds in Peer Group as of 07-Jan-2022 875
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Jan-2022 87.83
MSCI Weighted Average Carbon Intensity % Coverage as of 07-Jan-2022 94.92
All data is from MSCI ESG Fund Ratings as of 07-Jan-2022, based on holdings as of 31-Jul-2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Japan Flexible Equity Fund, Class I2, as of 31-Dec-2021 rated against 977 Japan Large-Cap Equity Funds.

Portfolio Managers

Portfolio Managers

Tad Fukushima
Tad Fukushima
Rie Shigekawa
Rie Shigekawa

Holdings

Holdings

as of 31-Dec-2021
Name Weight (%)
TOYOTA MOTOR CORPORATION 7.17
SONY GROUP CORP 6.13
KEYENCE CORP 4.97
SHIN-ETSU CHEMICAL CO LTD 3.61
HITACHI LTD 3.16
Name Weight (%)
SMC CORP (JAPAN) 3.05
NIDEC CORPORATION 3.04
DAIKIN INDUSTRIES LTD 2.90
TOKIO MARINE HOLDINGS INC 2.89
FUJIFILM HOLDINGS CORPORATION 2.71
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class I2 JPY None 1,731.00 -16.00 -0.92 1,961.00 1,660.00 - LU1495982941 - -
Class E2 EUR None 13.69 -0.09 -0.65 15.45 13.40 - LU0212925324 - -
Class A2 Hedged USD None 19.21 -0.17 -0.88 21.86 18.62 - LU0940328577 - -
Class A2 EUR None 14.83 -0.10 -0.67 16.71 14.47 - LU0212924608 - -
Class A4 GBP Annual 12.18 -0.12 -0.98 14.04 12.18 - LU0236176334 - -
Class D4 GBP Annual 12.45 -0.12 -0.95 14.32 12.45 - LU0827883363 - -
Class D2 USD None 18.46 -0.32 -1.70 21.98 18.46 - LU0827883520 - -
Class D2 EUR None 16.54 -0.11 -0.66 18.59 16.05 - LU0827883447 - -
Class A2 Hedged EUR None 11.37 -0.11 -0.96 13.00 11.14 - LU0255399239 - -
Class A2 USD None 16.55 -0.29 -1.72 19.76 16.55 - LU0212924517 - -
Class D2 Hedged EUR None 12.19 -0.12 -0.97 13.92 11.87 - LU0827883793 - -
Class E2 JPY None 1,761.00 -17.00 -0.96 2,007.00 1,716.00 - LU0249411165 - -
Class E2 Hedged EUR None 10.57 -0.10 -0.94 12.12 10.41 - LU0277197835 - -
Class A2 JPY None 1,908.00 -18.00 -0.93 2,170.00 1,849.00 - LU0249410860 - -
Class E2 USD None 15.28 -0.27 -1.74 18.27 15.28 - LU0212924947 - -

Literature

Literature