Equity

BlackRock Japan Small & MidCap Opportunities 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 invests in smaller companies which can be more volatile and less liquid than those of larger companies.
• The Fund is subject to currency risk and liquidity 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.
-10.49 2.80 1.89 - 9.97
  YTD 6m 1y 3y 5y 10y Incept.
-15.04 -16.17 -10.49 8.65 9.81 - 150.90
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 01-Jul-2022 JPY 18,866.091 M
Base Currency Japanese Yen
Fund Inception 13-May-1987
Share Class Currency British Pound
Share Class Inception Date 27-Sep-2012
Additional Currencies Euro, Japanese Yen, U.S. Dollar
Asset Class Equity
Morningstar Category Japan Small/Mid-Cap Equity
Distribution Frequency Annually
ISIN LU0827883017
Bloomberg Ticker BJSMD4R
Management Fee (incl Distribution Fee, if any) 0.75%
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 31-May-2022 13.50
Average Market Cap (Millions) as of 31-May-2022 JPY 340,487.1 M
Modified Duration as of 31-May-2022 0.00 yrs
12M Trailing Distribution as of 30-Jun-2022 0.47%
3y Volatility as of 31-May-2022 16.75
5yr Volatility as of 31-May-2022 15.72

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-May-2022
Name Weight (%)
CONCORDIA FINANCIAL GROUP LTD 2.99
FUKUOKA FINANCIAL GROUP INC 2.99
RELO GROUP INC 2.67
KEISEI ELECTRIC RAILWAY CO LTD 2.52
SHIBAURA MACHINE CO LTD 2.00
Name Weight (%)
JAPAN METROPOLITAN FUND INVESTMENT CORP 1.85
INTERNET INITIATIVE JAPAN INC. 1.81
KOBAYASHI PHARMACEUTICAL CO LTD 1.79
FULLCAST HOLDINGS CO LTD 1.71
AOKI HOLDINGS INC 1.69
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 31-May-2022

% of Weight

Type Fund
Sorry, asset classes are not available at this time.
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
as of 31-May-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
D4 British Pound Annually 49.83 -0.02 -0.04 01-Jul-2022 66.55 48.03 LU0827883017
C2 U.S. Dollar Non-Distributing 43.18 -0.57 -1.30 01-Jul-2022 67.69 42.43 LU0147408305
C2 Japanese Yen Non-Distributing 5,844.00 -103.00 -1.73 01-Jul-2022 7,433.00 5,722.00 LU0249422360
A2 Japanese Yen Non-Distributing 7,836.00 -137.00 -1.72 01-Jul-2022 9,867.00 7,642.00 LU0249411835
D2 Hedged Euro Non-Distributing 51.78 -0.91 -1.73 01-Jul-2022 65.81 50.64 LU0827883280
A4 British Pound Annually 48.15 -0.02 -0.04 01-Jul-2022 64.69 46.43 LU0204063480
D2 U.S. Dollar Non-Distributing 64.59 -0.85 -1.30 01-Jul-2022 99.65 63.42 LU0827883108
D2 Japanese Yen Non-Distributing 8,741.00 -153.00 -1.72 01-Jul-2022 10,942.00 8,505.00 LU0496417709
A2 Euro Non-Distributing 55.66 -0.66 -1.17 01-Jul-2022 76.00 54.05 LU0171289068
A2 Hedged U.S. Dollar Non-Distributing 15.46 -0.27 -1.72 01-Jul-2022 19.44 15.05 LU0931342652
A2 Hedged Euro Non-Distributing 48.13 -0.85 -1.74 01-Jul-2022 61.55 47.19 LU0255399742
D2 Euro Non-Distributing 62.10 -0.73 -1.16 01-Jul-2022 84.27 60.28 LU0252965594
A2 U.S. Dollar Non-Distributing 57.89 -0.77 -1.31 01-Jul-2022 89.86 56.86 LU0006061252

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Documents

Documents