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Overview
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.
Performance
Performance
Chart
Performance chart data not available for display.
Distributions
| Ex-Date | Total Distribution |
|---|
-
Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
During this period performance was achieved under circumstances that no longer apply
*On , the Fund changed its name and/or investment objective and policy..
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 2.1 | 14.5 | 26.5 | 26.5 | -17.9 | 21.9 | 5.2 | 1.8 | -13.4 | 4.9 |
| Constraint Benchmark 1 (%) | 6.4 | 19.2 | 27.0 | 18.4 | -11.1 | 12.8 | 1.6 | -2.0 | -2.5 | 7.1 |
Missing calendar year returns data
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 13.67 | -2.45 | 1.95 | 6.74 | 6.28 |
| Constraint Benchmark 1 (%) | 6.18 | -0.27 | 1.58 | 6.99 | 3.40 |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 8.98 | -0.02 | 5.17 | 0.50 | 13.67 | -7.17 | 10.13 | 91.99 | 873.94 |
| Constraint Benchmark 1 (%) | 3.67 | -0.04 | 4.48 | -1.63 | 6.18 | -0.80 | 8.14 | 96.51 | 249.28 |
Missing cumulative returns data
| From 30-Sept-2019 To 30-Sept-2020 |
From 30-Sept-2020 To 30-Sept-2021 |
From 30-Sept-2021 To 30-Sept-2022 |
From 30-Sept-2022 To 30-Sept-2023 |
From 30-Sept-2023 To 30-Sept-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30-Sept-2024 |
2.00 | 16.31 | -19.55 | 1.51 | 13.67 |
|
Constraint Benchmark 1 (%)
as of 30-Sept-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 31-Oct-2024
JPY 25,479,006,408
Fund Launch Date
13-May-1987
Fund Base Currency
JPY
Constraint Benchmark 1
S&P Japan Mid Small Cap in GBP Performance Index
Initial Charge
5.00%
Management Fee
1.50
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
MJOPADS
Share Class launch date
13-May-1987
Share Class Currency
GBP
Asset Class
Equity
SFDR Classification
Article 8
Ongoing Charges Figures
1.81%
ISIN
LU0204063480
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Japan Small/Mid-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B23P9D1
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of 30-Sept-2024
91
Standard Deviation (3y)
as of 30-Sept-2024
10.94%
P/E Ratio
as of 30-Sept-2024
14.81
12 Month Trailing Dividend Distribution Yield
as of 30-Sept-2024
0.27
3y Beta
as of 30-Sept-2024
0.968
P/B Ratio
as of 30-Sept-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
Holdings
Holdings
as of 30-Sept-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
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 A4 | GBP | 55.01 | 0.05 | 0.09 | 31-Oct-2024 | 58.72 | 49.88 | LU0204063480 |
| Class A10 Hedged | USD | 10.58 | -0.20 | -1.86 | 31-Oct-2024 | 11.52 | 9.13 | LU2728923348 |
| Class I2 | EUR | 15.12 | -0.14 | -0.92 | 31-Oct-2024 | 16.18 | 13.07 | LU1822774011 |
| Class A2 Hedged | USD | 23.61 | -0.27 | -1.13 | 31-Oct-2024 | 24.93 | 19.21 | LU0931342652 |
| Class A2 Hedged | EUR | 69.81 | -0.84 | -1.19 | 31-Oct-2024 | 74.14 | 57.78 | LU0255399742 |
| Class A2 | USD | 71.35 | -0.57 | -0.79 | 31-Oct-2024 | 78.27 | 60.81 | LU0006061252 |
| Class D2 Hedged | EUR | 76.42 | -0.91 | -1.18 | 31-Oct-2024 | 80.98 | 62.78 | LU0827883280 |
| Class I2 Hedged | EUR | 13.72 | -0.17 | -1.22 | 31-Oct-2024 | 14.53 | 11.24 | LU1822774102 |
| Class D2 | EUR | 74.58 | -0.69 | -0.92 | 31-Oct-2024 | 79.79 | 64.62 | LU0252965594 |
| Class A2 | EUR | 65.69 | -0.61 | -0.92 | 31-Oct-2024 | 70.32 | 57.35 | LU0171289068 |
| Class D2 | USD | 81.01 | -0.64 | -0.78 | 31-Oct-2024 | 88.79 | 68.52 | LU0827883108 |
| Class D4 | GBP | 56.75 | 0.05 | 0.09 | 31-Oct-2024 | 60.85 | 51.43 | LU0827883017 |
Portfolio Managers
Portfolio Managers
Hiroki Takayama
Literature
Literature
Important Information
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.
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