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.
• Class 10 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
• 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

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Distributions

Ex-Date Distribution
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This chart has been left intentionally blank as there is less than one year's performance data.
  1y 3y 5y 10y Incept.
- - - - -
Benchmark (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
- 4.17 2.22 2.55 - - - - 16.93
Benchmark (%) - -0.16 0.29 -0.28 - - - - 7.97
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.

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 HKD, 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 13-Dec-2024
JPY 27,029,604,012
Fund Inception
13-May-1987
Fund Base Currency
JPY
Benchmark
S&P Japan Mid Small Cap Index
Initial Charge
5.00%
ISIN
LU2728923264
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BGJPNAH
SFC-authorised ESG fund
No
Share Class Inception Date
10-Jan-2024
Share Class Currency
HKD
Asset Class
Equity
SFDR Classification
Article 8
Management Fee
1.50%
Management Fee (incl Distribution Fee, if any)
1.50%
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMXX2F8
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
96
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 29-Nov-2024
14.15
12M Trailing Distribution
as of 31-Dec-2024
-
3y Beta
as of -
-
P/B Ratio
as of 29-Nov-2024
1.17

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 2.13
77 BANK LTD/THE 2.11
OBAYASHI CORPORATION 1.94
HASEKO CORPORATION 1.86
SANKI ENGINEERING CO LTD 1.80
Name Weight (%)
KONOIKE TRANSPORT CO LTD 1.75
NIPPON SODA CO LTD 1.71
MITSUBISHI LOGISTICS CORPORATION 1.69
DAI-DAN CO LTD 1.65
DAIWABO HOLDINGS CO LTD 1.62
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

as of 29-Nov-2024

% of Weight

Type Fund Benchmark Net
as of 29-Nov-2024

% of Weight

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

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A10 Hedged HKD 110.95 -0.38 -0.34 13-Dec-2024 114.62 90.91 LU2728923264
C2 USD 54.32 -0.70 -1.27 13-Dec-2024 56.77 47.03 LU0147408305
C2 JPY 8,344.00 -31.00 -0.37 13-Dec-2024 8,375.00 6,747.00 LU0249422360
A10 Hedged USD 11.17 -0.04 -0.36 13-Dec-2024 11.52 9.13 LU2728923348
D2 USD 85.33 -1.09 -1.26 13-Dec-2024 88.79 73.36 LU0827883108
A2 USD 75.10 -0.95 -1.25 13-Dec-2024 78.27 64.73 LU0006061252
D2 Hedged EUR 81.34 -0.28 -0.34 13-Dec-2024 81.62 64.31 LU0827883280
A2 Hedged USD 25.12 -0.08 -0.32 13-Dec-2024 25.20 19.70 LU0931342652
D2 EUR 81.35 -0.82 -1.00 13-Dec-2024 83.81 66.85 LU0252965594
D2 JPY 13,108.00 -47.00 -0.36 13-Dec-2024 13,155.00 10,524.00 LU0496417709
A4 GBP 59.05 -0.26 -0.44 13-Dec-2024 60.85 50.45 LU0204063480
A2 JPY 11,535.00 -42.00 -0.36 13-Dec-2024 11,577.00 9,286.00 LU0249411835
D4 GBP 60.97 -0.28 -0.46 13-Dec-2024 62.82 52.31 LU0827883017
A2 EUR 71.59 -0.72 -1.00 13-Dec-2024 73.77 58.99 LU0171289068
A2 Hedged EUR 74.24 -0.26 -0.35 13-Dec-2024 74.50 59.13 LU0255399742
Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

Documents

Documents