Equity

BGF Japan Small & MidCap Opportunities Fund

Overview

Important Information: 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 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 (%) 57.5 10.5 9.6 0.9 34.1 -24.5 25.1 2.1 12.3
Constraint Benchmark 1 (%) 54.1 14.7 13.4 3.7 25.6 -18.1 16.8 0.0 8.8
  1y 3y 5y 10y Incept.
-8.99 8.52 3.03 - 11.75
Constraint Benchmark 1 (%) -0.54 8.36 3.66 - 12.23
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-8.62 3.24 3.57 1.04 -8.99 27.81 16.12 - 201.29
Constraint Benchmark 1 (%) 1.60 1.84 5.37 6.49 -0.54 27.22 19.66 - 214.25
  From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of 30-Jun-22

20.24 -20.29 8.63 26.71 -13.08
Constraint Benchmark 1 (%)

as of 30-Jun-22

11.02 -11.72 0.42 22.96 -4.59

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

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 04-Oct-22 JPY 20,054,235,898
Inception Date 27-Sep-12
Fund Launch Date 13-May-87
Share Class Currency EUR
Base Currency JPY
Asset Class Equity
Constraint Benchmark 1 S&P Japan Mid Small Cap Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.05%
Annual Management Fee 0.75%
Performance Fee 0.00%
Minimum Initial Investment EUR 100,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Other Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BJSMD2E
ISIN LU0827883280
SEDOL B893LG8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-22 78
Standard Deviation (3y) as of 31-Aug-22 17.53%
3y Beta as of 31-Aug-22 1.058
P/E Ratio as of 31-Aug-22 13.03
P/B Ratio as of 31-Aug-22 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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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-18 rated against 228 Other Equity Funds.

Holdings

Holdings

as of 31-Aug-22
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 3.32
KEISEI ELECTRIC RAILWAY CO LTD 2.94
MITSUBISHI HC CAPITAL INC 2.69
77 BANK LTD/THE 2.67
ITOCHU TECHNO-SOLUTIONS CORP 2.03
Name Weight (%)
RELO GROUP INC 1.99
PARK24 CO LTD 1.87
RESORTTRUST INC 1.85
NIPPON SODA CO LTD 1.81
TSUMURA & CO. 1.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-22

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-22

% 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 D2 Hedged EUR None 55.40 1.48 2.74 04-Oct-22 63.94 50.64 LU0827883280 -
Class C2 JPY None 6,234.00 168.00 2.77 04-Oct-22 7,220.00 5,722.00 LU0249422360 -
Class D2 USD None 64.82 1.80 2.86 04-Oct-22 93.81 62.50 LU0827883108 -
Class I2 EUR - 13.15 0.15 1.15 04-Oct-22 16.53 12.15 LU1822774011 -
Class A2 JPY None 8,385.00 225.00 2.76 04-Oct-22 9,600.00 7,642.00 LU0249411835 -
Class A4 GBP Annual 50.90 0.82 1.64 04-Oct-22 62.50 46.43 LU0204063480 -
Class I2 Hedged EUR - 9.89 0.27 2.81 04-Oct-22 11.38 9.02 LU1822774102 -
Class C2 USD None 43.11 1.19 2.84 04-Oct-22 63.55 41.59 LU0147408305 -
Class D2 EUR None 65.22 0.78 1.21 04-Oct-22 82.16 60.28 LU0252965594 -
Class D2 JPY None 9,373.00 253.00 2.77 04-Oct-22 10,657.00 8,505.00 LU0496417709 -
Class I2 JPY None 1,890.00 51.00 2.77 04-Oct-22 2,144.00 1,713.00 LU0992622497 -
Class X2 JPY None 10,179.00 274.00 2.77 04-Oct-22 11,468.00 9,183.00 LU0249423681 -
Class A2 USD None 57.99 1.61 2.86 04-Oct-22 84.51 55.93 LU0006061252 -
Class D4 GBP Annual 52.41 0.85 1.65 04-Oct-22 64.38 48.03 LU0827883017 -
Class E2 EUR None 51.84 0.62 1.21 04-Oct-22 66.02 48.08 LU0171289225 -
Class A2 Hedged USD None 16.66 0.44 2.71 04-Oct-22 18.91 15.05 LU0931342652 -
Class E2 USD None 51.51 1.42 2.83 04-Oct-22 75.42 49.69 LU0090841692 -
Class E2 JPY None 7,449.00 200.00 2.76 04-Oct-22 8,568.00 6,808.00 LU0249422956 -
Class A2 EUR None 58.35 0.70 1.21 04-Oct-22 73.99 54.05 LU0171289068 -
Class A2 Hedged EUR None 51.40 1.37 2.74 04-Oct-22 59.73 47.19 LU0255399742 -

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Literature

Literature