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

Distributions

Ex-Date Total Distribution
View full table
This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 USD, 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 04-Dec-2024
JPY 26,425,926,293
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
1.50%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGJPNAU
Share Class launch date
10-Jan-2024
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Article 8
Ongoing Charges Figures
1.83%
ISIN
LU2728923348
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMXX2H0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Oct-2024
95
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 31-Oct-2024
14.03
12 Month Trailing Dividend Distribution Yield
as of 31-Dec-2024
-
3y Beta
as of -
-
P/B Ratio
as of 31-Oct-2024
1.13

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

Holdings

Holdings

as of 31-Oct-2024
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 1.84
KONOIKE TRANSPORT CO LTD 1.74
HASEKO CORPORATION 1.71
YAMAZAKI BAKING CO LTD 1.69
77 BANK LTD/THE 1.68
Name Weight (%)
MITSUBISHI LOGISTICS CORPORATION 1.65
KINDEN CORPORATION 1.64
JAPAN METROPOLITAN FUND INVESTMENT CORP 1.60
SUNDRUG CO LTD 1.55
GUNZE LTD 1.54
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2024

% of Market Value

Type Fund Benchmark Net
as of 31-Oct-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 A10 Hedged USD 11.10 -0.08 -0.72 04-Dec-2024 11.52 9.13 LU2728923348
Class D2 EUR 82.37 -1.44 -1.72 04-Dec-2024 83.81 66.85 LU0252965594
Class I2 EUR 16.71 -0.29 -1.71 04-Dec-2024 17.00 13.55 LU1822774011
Class A2 USD 76.17 -1.41 -1.82 04-Dec-2024 78.27 64.73 LU0006061252
Class I2 Hedged EUR 14.52 -0.10 -0.68 04-Dec-2024 14.62 11.52 LU1822774102
Class D2 Hedged EUR 80.82 -0.59 -0.72 04-Dec-2024 81.41 64.31 LU0827883280
Class A4 GBP 59.61 -1.24 -2.04 04-Dec-2024 60.85 50.45 LU0204063480
Class D2 USD 86.54 -1.60 -1.82 04-Dec-2024 88.79 72.99 LU0827883108
Class D4 GBP 61.54 -1.28 -2.04 04-Dec-2024 62.82 52.31 LU0827883017
Class A2 EUR 72.50 -1.27 -1.72 04-Dec-2024 73.77 58.99 LU0171289068
Class A2 Hedged EUR 73.78 -0.55 -0.74 04-Dec-2024 74.33 59.13 LU0255399742
Class A2 Hedged USD 24.95 -0.18 -0.72 04-Dec-2024 25.13 19.70 LU0931342652

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

Literature

Literature