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.

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

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 9 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) 28.2 2.9 15.4 27.5 27.4 -17.2 22.8 6.0 2.6
Constraint Benchmark 1 (%) 24.2 6.4 19.2 27.0 18.4 -11.1 12.8 1.6 -2.0
  1y 3y 5y 10y Incept.
-17.15 -1.90 -0.05 9.39 9.44
Constraint Benchmark 1 (%) -11.53 -3.27 -1.24 8.48 8.12
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-15.85 -2.39 -1.57 -2.65 -17.15 -5.60 -0.23 145.42 148.50
Constraint Benchmark 1 (%) -8.77 -2.84 -4.33 -0.08 -11.53 -9.48 -6.06 125.69 119.91
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of 30-Sep-2022

15.90 -5.28 2.78 17.18 -18.95
Constraint Benchmark 1 (%)

as of 30-Sep-2022

10.48 -2.36 -0.37 9.41 -13.99

Key Facts

Key Facts

Net Assets of Fund as of 28-Nov-2022 JPY 19,468,108,520
Share Class launch date 27-Sep-2012
Fund Launch Date 13-May-1987
Share Class Currency GBP
Fund Base Currency JPY
Asset Class Equity
Constraint Benchmark 1 S&P Japan Mid Small Cap in GBP Performance Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.08%
Annual Management Fee 0.75%
Performance Fee 0.00%
Minimum Initial Investment GBP 100,000.00
Minimum Subsequent Investment GBP 1,000.00
Distribution Frequency Annual
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Japan Small/Mid-Cap Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BJSMD4R
ISIN LU0827883017
SEDOL B8KTH89

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Oct-2022 79
12m Trailing Yield as of 31-Oct-2022 0.74
Standard Deviation (3y) as of 31-Oct-2022 16.62%
3y Beta as of 31-Oct-2022 1.064
P/E Ratio as of 31-Oct-2022 13.54
P/B Ratio as of 31-Oct-2022 1.19

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.

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

3 stars
Overall Morningstar Rating for BGF Japan Small & MidCap Opportunities Fund, Class D4, as of 31-Oct-2022 rated against 176 Japan Small/Mid-Cap Equity Funds.

Holdings

Holdings

as of 31-Oct-2022
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 3.33
77 BANK LTD/THE 2.71
MITSUBISHI HC CAPITAL INC 2.23
ZENKOKU HOSHO CO LTD 2.09
RELO GROUP INC 2.03
Name Weight (%)
KYUDENKO CORP 2.01
ITOCHU TECHNO-SOLUTIONS CORP 1.98
HIKARI TSUSHIN INC. 1.94
DAITO TRUST CONSTRUCTION CO LTD 1.89
RAITO KOGYO CO LTD 1.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2022

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-2022

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class D4 GBP Annual 53.46 0.02 0.04 28-Nov-2022 63.74 48.03 LU0827883017 -
Class D2 EUR None 67.14 -0.46 -0.68 28-Nov-2022 80.37 60.28 LU0252965594 -
Class I2 EUR - 13.54 -0.10 -0.73 28-Nov-2022 16.17 12.15 LU1822774011 -
Class D2 Hedged EUR None 57.37 -0.46 -0.80 28-Nov-2022 62.01 50.64 LU0827883280 -
Class A4 GBP Annual 51.86 0.02 0.04 28-Nov-2022 61.86 46.43 LU0204063480 -
Class I2 Hedged EUR - 10.24 -0.09 -0.87 28-Nov-2022 11.04 9.02 LU1822774102 -
Class D2 USD None 70.01 -0.18 -0.26 28-Nov-2022 90.84 61.17 LU0827883108 -
Class A2 EUR None 59.99 -0.42 -0.70 28-Nov-2022 72.35 54.05 LU0171289068 -
Class A2 Hedged USD None 17.33 -0.14 -0.80 28-Nov-2022 18.35 15.05 LU0931342652 -
Class A2 USD None 62.57 -0.16 -0.26 28-Nov-2022 81.78 54.70 LU0006061252 -
Class A2 Hedged EUR None 53.17 -0.43 -0.80 28-Nov-2022 57.89 47.19 LU0255399742 -

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Literature

Literature