Equity

BlackRock Japan Flexible Equity Fund

IMPORTANT:
•The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund's investments are concentrated in Japan. This may result in greater volatility than more broad-based investments.
•The Fund is subject to currency risk, small-cap companies’ volatility and liquidity risks and securities lending counterparty risk.
•The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
•The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
•Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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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

Performance

Performance

Chart

Performance chart data not available for display.
View Charts & Calendar Year Performance

Distributions

Ex-Date Distribution
View full table
  1y 3y 5y 10y Incept.
-9.03 4.69 4.74 8.55 4.84
  YTD 6m 1y 3y 5y 10y Incept.
-11.26 -11.20 -9.03 14.74 26.07 127.16 125.27
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Size of Fund (Millions) as of 18-May-2022 JPY 31,673.955 M
Base Currency Japanese Yen
Fund Inception 18-Feb-2005
Share Class Currency British Pound
Share Class Inception Date 28-Feb-2005
Additional Currencies Euro, Japanese Yen, U.S. Dollar
Asset Class Equity
Morningstar Category Japan Large-Cap Equity
Distribution Frequency Annually
ISIN LU0236176334
Bloomberg Ticker MLJVADS
Management Fee (incl Distribution Fee, if any) 1.50%
Initial Charge 5.00%
SFDR Classification Other
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 29-Apr-2022 0.00
Average Market Cap (Millions) as of 29-Apr-2022 JPY 0.0 M
Modified Duration as of 29-Apr-2022 0.00 yrs
12M Trailing Distribution as of 31-Jul-2020 0.26%
3y Volatility as of 30-Apr-2022 13.45
5yr Volatility as of 30-Apr-2022 12.96
Since Class Inception - Beta as of 30-Apr-2022 1.01

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 06-May-2022 AA
MSCI ESG % Coverage as of 06-May-2022 100.00
MSCI ESG Quality Score (0-10) as of 06-May-2022 7.67
MSCI ESG Quality Score - Peer Percentile as of 06-May-2022 38.72
Fund Lipper Global Classification as of 06-May-2022 Equity Japan
Funds in Peer Group as of 06-May-2022 891
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06-May-2022 80.06
MSCI Weighted Average Carbon Intensity % Coverage as of 06-May-2022 96.74
All data is from MSCI ESG Fund Ratings as of 06-May-2022, based on holdings as of 30-Nov-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.

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Mar-2022
Name Weight (%)
TOYOTA MOTOR CORPORATION 7.14
MITSUBISHI UFJ FINANCIAL GROUP INC 3.94
SONY GROUP CORP 3.84
SHIN-ETSU CHEMICAL CO LTD 3.46
NIDEC CORPORATION 2.88
Name Weight (%)
MITSUI & CO LTD 2.81
TOKIO MARINE HOLDINGS INC 2.77
PANASONIC CORP 2.69
ORIX CORPORATION 2.66
BRIDGESTONE CORPORATION 2.60
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

Sorry, markets/regions are not available at this time.
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 29-Apr-2022

% of Weight

Type Fund
as of 29-Apr-2022

% of Weight

Type Fund
Allocations subject to change.
as of 29-Apr-2022

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A4 British Pound Annually 11.45 0.26 2.32 18-May-2022 14.04 11.05 LU0236176334
A2 U.S. Dollar Non-Distributing 14.40 0.24 1.69 18-May-2022 19.76 14.16 LU0212924517
A2 Hedged U.S. Dollar Non-Distributing 18.60 0.17 0.92 18-May-2022 21.86 17.40 LU0940328577
A2 Japanese Yen Non-Distributing 1,852.00 17.00 0.93 18-May-2022 2,170.00 1,729.00 LU0249410860
D2 Euro Non-Distributing 15.30 0.28 1.86 18-May-2022 18.59 15.01 LU0827883447
A2 Euro Non-Distributing 13.69 0.25 1.86 18-May-2022 16.71 13.43 LU0212924608
C2 Euro Non-Distributing 11.05 0.20 1.84 18-May-2022 13.61 10.84 LU0212925241
C2 Japanese Yen Non-Distributing 1,495.00 13.00 0.88 18-May-2022 1,767.00 1,399.00 LU0249411082
A2 Hedged Euro Non-Distributing 10.92 0.10 0.92 18-May-2022 13.00 10.25 LU0255399239
D2 U.S. Dollar Non-Distributing 16.10 0.27 1.71 18-May-2022 21.98 15.83 LU0827883520
D4 British Pound Annually 11.74 0.27 2.35 18-May-2022 14.32 11.31 LU0827883363
D2 Hedged Euro Non-Distributing 11.74 0.11 0.95 18-May-2022 13.92 11.00 LU0827883793
C2 U.S. Dollar Non-Distributing 11.63 0.20 1.75 18-May-2022 16.09 11.43 LU0212924863

Portfolio Managers

Portfolio Managers

Tad Fukushima
Tad Fukushima
Rie Shigekawa
Rie Shigekawa

Documents

Documents