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.

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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 3 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2017 2018 2019 2020 2021
Total Return (%) 30.60 -0.42 10.99
Constraint Benchmark 1 (%) 19.54 -3.86 4.45
  1y 3y 5y 10y Incept.
-9.23 4.47 - - -1.49
Constraint Benchmark 1 (%) -6.19 1.46 - - -2.16
Comparator Benchmark 2 (%) -2.85 6.46 - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-15.84 -3.09 -7.83 -16.00 -9.23 14.01 - - -5.86
Constraint Benchmark 1 (%) -8.63 0.15 -5.37 -8.27 -6.19 4.44 - - -8.41
Comparator Benchmark 2 (%) -3.57 1.01 1.06 -0.77 -2.85 20.67 - - -
  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31-Mar-2022

- - -3.70 33.86 -7.89
Constraint Benchmark 1 (%)

as of 31-Mar-2022

- - -9.67 27.34 -9.07

Key Facts

Key Facts

Net Assets of Fund as of 24-Jun-2022 JPY 19,245,877,793
Share Class launch date 23-May-2018
Fund Launch Date 13-May-1987
Share Class Currency EUR
Fund Base Currency JPY
Asset Class Equity
Constraint Benchmark 1 S&P Japan Mid Small Cap in EUR Performance Index
Comparator Benchmark 2 S&P Japan MidSmall Cap Index
SFDR Classification Other
Initial Charge -
Ongoing Charges Figures 0.83%
Annual Management Fee -
Performance Fee -
Minimum Initial Investment EUR 10,000,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
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 BGJSI2E
ISIN LU1822774011
SEDOL BG0B4F7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-May-2022 86
Standard Deviation (3y) as of 31-May-2022 16.63%
3y Beta as of 31-May-2022 1.080
P/E Ratio as of 31-May-2022 13.50
P/B Ratio as of 31-May-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

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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

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
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-2022

% of Market Value

Type Fund Benchmark Net
as of 31-May-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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class I2 EUR - 12.51 0.26 2.12 24-Jun-2022 16.95 12.15 LU1822774011 -
Class A2 Hedged EUR None 48.64 0.59 1.23 24-Jun-2022 61.55 47.19 LU0255399742 -
Class A2 EUR None 55.64 1.15 2.11 24-Jun-2022 76.00 54.05 LU0171289068 -
Class A2 Hedged USD None 15.61 0.19 1.23 24-Jun-2022 19.44 15.05 LU0931342652 -
Class D2 Hedged EUR None 52.31 0.64 1.24 24-Jun-2022 65.81 50.64 LU0827883280 -
Class D4 GBP Annual 49.36 0.90 1.86 24-Jun-2022 66.55 48.03 LU0827883017 -
Class A4 GBP Annual 47.70 0.87 1.86 24-Jun-2022 64.69 46.43 LU0204063480 -
Class D2 USD None 65.48 1.30 2.03 24-Jun-2022 99.65 63.42 LU0827883108 -
Class I2 Hedged EUR - 9.33 0.11 1.19 24-Jun-2022 11.71 9.02 LU1822774102 -
Class A2 USD None 58.71 1.17 2.03 24-Jun-2022 89.86 56.86 LU0006061252 -
Class D2 EUR None 62.06 1.28 2.11 24-Jun-2022 84.27 60.28 LU0252965594 -

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Literature

Literature