Equity

BGF Japan Small & MidCap Opportunities Fund

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.

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Performance

Performance

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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 (%) 10.5 9.6 0.9 34.1 -24.5 25.1 2.1 12.3 -10.8 22.2
Constraint Benchmark 1 (%) 14.7 13.4 3.7 25.6 -18.1 16.8 0.0 8.8 -0.2 22.0

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

  1y 3y 5y 10y Incept.
20.98 10.02 9.12 7.89 12.79
Constraint Benchmark 1 (%) 11.36 11.65 8.22 7.77 12.47
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
20.45 4.28 2.28 2.72 20.98 33.17 54.68 113.70 332.84
Constraint Benchmark 1 (%) 11.09 -0.16 0.29 -0.28 11.36 39.16 48.44 111.35 318.29
  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

3.70 28.84 -14.94 18.49 22.90
Constraint Benchmark 1 (%)

as of 30-Sept-2024

2.55 21.17 -7.10 23.13 12.46

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 EUR, 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 Launch Date
13-May-1987
Fund Base Currency
JPY
Constraint Benchmark 1
S&P Japan Mid Small Cap Index (JPY)
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
BJSMD2E
Share Class launch date
27-Sept-2012
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Article 8
Ongoing Charges Figures
1.09%
ISIN
LU0827883280
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B893LG8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Nov-2024
96
3y Beta
as of 30-Nov-2024
1.104
P/B Ratio
as of 29-Nov-2024
1.17
Standard Deviation (3y)
as of 30-Nov-2024
11.07%
P/E Ratio
as of 29-Nov-2024
14.15

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.

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

5 stars
Overall Morningstar Rating for BGF Japan Small & MidCap Opportunities Fund, Class D2 Hedged, as of 31-Jul-2018 rated against 228 Other Equity Funds.

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
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-2024

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-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 D2 Hedged EUR 81.34 -0.28 -0.34 13-Dec-2024 81.62 64.31 LU0827883280
Class D2 USD 85.33 -1.09 -1.26 13-Dec-2024 88.79 73.36 LU0827883108
Class A2 Hedged EUR 74.24 -0.26 -0.35 13-Dec-2024 74.50 59.13 LU0255399742
Class A10 Hedged USD 11.17 -0.04 -0.36 13-Dec-2024 11.52 9.13 LU2728923348
Class A2 Hedged USD 25.12 -0.08 -0.32 13-Dec-2024 25.20 19.70 LU0931342652
Class A2 USD 75.10 -0.95 -1.25 13-Dec-2024 78.27 64.73 LU0006061252
Class D2 EUR 81.35 -0.82 -1.00 13-Dec-2024 83.81 66.85 LU0252965594
Class A2 EUR 71.59 -0.72 -1.00 13-Dec-2024 73.77 58.99 LU0171289068
Class A4 GBP 59.05 -0.26 -0.44 13-Dec-2024 60.85 50.45 LU0204063480
Class I2 Hedged EUR 14.61 -0.05 -0.34 13-Dec-2024 14.66 11.52 LU1822774102
Class D4 GBP 60.97 -0.28 -0.46 13-Dec-2024 62.82 52.31 LU0827883017
Class I2 EUR 16.50 -0.17 -1.02 13-Dec-2024 17.00 13.55 LU1822774011

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

Literature

Literature