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.

Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events. The value of equities and equity-related securities can be affected by daily stock market movements, political factors, economic news, company earnings and significant corporate events. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 2,9 15,4 27,5 27,4 -17,2 22,8 6,0 2,6 -12,8 5,7
Constraint Benchmark 1 (%) 6,4 19,2 27,0 18,4 -11,1 12,8 1,6 -2,0 -2,5 7,1

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
14,52 -1,70 2,72 7,55 9,53
Constraint Benchmark 1 (%) 6,18 -0,27 1,58 6,99 8,32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
9,59 0,05 5,37 0,88 14,52 -5,03 14,38 107,00 198,30
Constraint Benchmark 1 (%) 3,67 -0,04 4,48 -1,63 6,18 -0,80 8,14 96,51 161,03
  From
30.09.2019
To
30.09.2020
From
30.09.2020
To
30.09.2021
From
30.09.2021
To
30.09.2022
From
30.09.2022
To
30.09.2023
From
30.09.2023
To
30.09.2024
Total Return (%)

as of 30.09.2024

2,78 17,18 -18,95 2,32 14,52
Constraint Benchmark 1 (%)

as of 30.09.2024

-0,37 9,41 -13,99 8,62 6,18

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, 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

Net Assets of Fund
as of 10.10.2024
JPY 26 483 073 825
Fund Launch Date
13.05.1987
Fund Base Currency
JPY
Constraint Benchmark 1
S&P Japan Mid Small Cap in GBP Performance Index
Ongoing Charges Figures
1,05%
ISIN
LU0827883017
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Japan Small/Mid-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8KTH89
Share Class launch date
27.09.2012
Share Class Currency
GBP
Asset Class
Equity
Initial Charge
5,00%
Management Fee
0,75
Performance Fee
0,00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BJSMD4R

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30.09.2024
91
Standard Deviation (3y)
as of 30.09.2024
10,94%
P/E Ratio
as of 30.09.2024
14,81
12 Month Trailing Dividend Distribution Yield
as of 30.09.2024
0,96
3y Beta
as of 30.09.2024
0,968
P/B Ratio
as of 30.09.2024
1,23

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase 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 conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Japan Small & MidCap Opportunities Fund, Class D4, as of 30.09.2024 rated against 178 Japan Small/Mid-Cap Equity Funds.

Holdings

Holdings

as of 30.09.2024
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 1,88
SUNDRUG CO LTD 1,73
KONOIKE TRANSPORT CO LTD 1,72
HASEKO CORPORATION 1,70
SANKI ENGINEERING CO LTD 1,69
Name Weight (%)
NICHIAS CORPORATION 1,65
JAPAN METROPOLITAN FUND INVESTMENT CORP 1,65
KYUSHU RAILWAY CO 1,64
77 BANK LTD/THE 1,63
KINDEN CORPORATION 1,59
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30.09.2024

% of Market Value

Type Fund Benchmark Net
as of 30.09.2024

% of Market Value

Type Fund Benchmark Net
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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D4 GBP 59,32 -0,07 -0,12 10.10.2024 60,85 50,60 LU0827883017
Class A10 Hedged USD 10,96 -0,07 -0,63 10.10.2024 11,52 9,13 LU2728923348
Class D2 JPY 12 753,00 -77,00 -0,60 10.10.2024 13 043,00 10 112,00 LU0496417709
Class A2 Hedged EUR 71,92 -0,43 -0,59 10.10.2024 74,14 56,39 LU0255399742
Class D2 USD 85,87 -0,18 -0,21 10.10.2024 88,79 67,29 LU0827883108
Class A2 Hedged USD 24,28 -0,14 -0,57 10.10.2024 24,93 18,75 LU0931342652
Class A2 JPY 11 238,00 -68,00 -0,60 10.10.2024 11 514,00 8 974,00 LU0249411835
Class A10 Hedged HKD 108,89 -0,63 -0,58 10.10.2024 114,62 90,91 LU2728923264
Class I2 EUR 15,92 -0,01 -0,06 10.10.2024 16,18 12,90 LU1822774011
Class I2 Hedged EUR 14,13 -0,08 -0,56 10.10.2024 14,53 10,97 LU1822774102
Class A2 USD 75,67 -0,16 -0,21 10.10.2024 78,27 59,72 LU0006061252
Class X2 JPY 14 134,00 -85,00 -0,60 10.10.2024 14 421,00 11 099,00 LU0249423681
Class A2 EUR 69,18 -0,05 -0,07 10.10.2024 70,32 56,63 LU0171289068
Class D2 EUR 78,50 -0,06 -0,08 10.10.2024 79,79 63,81 LU0252965594
Class A4 GBP 57,53 -0,06 -0,10 10.10.2024 58,72 49,08 LU0204063480
Class I2 JPY 2 586,00 -15,00 -0,58 10.10.2024 2 643,00 2 045,00 LU0992622497
Class D2 Hedged EUR 78,69 -0,47 -0,59 10.10.2024 80,98 61,26 LU0827883280

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment GBP 10 000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
7 240 GBP
-27,6%
3 660 GBP
-18,2%

Unfavourable

What you might get back after costs
Average return each year
7 700 GBP
-23,0%
8 430 GBP
-3,4%

Moderate

What you might get back after costs
Average return each year
10 130 GBP
1,3%
11 840 GBP
3,4%

Favourable

What you might get back after costs
Average return each year
13 070 GBP
30,7%
18 100 GBP
12,6%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.