Equity

BGF Japan Small & MidCap Opportunities Fund

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.

Overview

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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

Performance

Performance

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Reinvestments

 
  1y 3y 5y 10y Incept.
8.95 0.39 4.23 6.82 3.41
3.50 -1.31 3.16 6.27 3.10
Benchmark (%) 10.13 2.53 3.52 6.86 4.18
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.24 3.24 11.00 9.66 8.95 1.18 22.99 93.34 76.67
-1.92 -1.92 5.45 4.18 3.50 -3.87 16.84 83.68 67.84
Benchmark (%) 2.73 2.73 9.61 5.76 10.13 7.78 18.90 94.18 100.21
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

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 28-Feb-2024 JPY 24,617,116,003
Share Class Inception Date 12-Feb-2007
Fund Inception 13-May-1987
Share Class Currency EUR
Fund Base Currency JPY
Asset Class Equity
Benchmark S&P Japan Mid Small Cap
SFDR Classification Article 8
Initial Charge 5.00%
ISIN LU0252965594
Management Fee (incl. Distribution Fee, if any) 0.75%
Performance Fee 0.00%
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment -
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 MIGJODE
SEDOL B43CMZ9
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Jan-2024 89
Standard Deviation (3y) as of 31-Jan-2024 11.73%
3y Beta as of 31-Jan-2024 0.966
P/E Ratio as of 31-Jan-2024 17.07
P/B Ratio as of 31-Jan-2024 1.21
5Y Annualised Volatility as of 31-Jan-2024 14.26
Since Share Inception – Annualised Volatility as of 31-Jan-2024 15.62

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase 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 conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Holdings

Holdings

as of 31-Jan-2024
Name Weight (%)
KYUDENKO CORP 2.35
TOKYO TATEMONO CO. LTD. 2.29
CHUGOKU MARINE PAINTS LTD 2.17
KINDEN CORPORATION 2.04
DAI-DAN CO LTD 2.00
Name Weight (%)
KYUSHU FINANCIAL GROUP INC 1.93
FUKUOKA FINANCIAL GROUP INC 1.86
EBARA CORPORATION 1.84
KAJIMA CORPORATION 1.83
KONOIKE TRANSPORT CO LTD 1.65

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-2024

% of Weight

Type Fund Benchmark Net
as of 31-Jan-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D2 EUR 73.27 0.15 0.21 28-Feb-2024 73.27 62.25 LU0252965594
A2 JPY 10,593.00 43.00 0.41 28-Feb-2024 10,593.00 7,885.00 LU0249411835
A2 EUR 64.86 0.12 0.19 28-Feb-2024 64.86 55.50 LU0171289068
A2 Hedged EUR 67.31 0.27 0.40 28-Feb-2024 67.31 48.54 LU0255399742
A2 Hedged USD 22.51 0.09 0.40 28-Feb-2024 22.51 15.94 LU0931342652
A4 GBP 55.29 0.15 0.27 28-Feb-2024 55.29 47.94 LU0204063480
D2 Hedged EUR 73.31 0.29 0.40 28-Feb-2024 73.31 52.50 LU0827883280
D2 JPY 11,966.00 48.00 0.40 28-Feb-2024 11,966.00 8,844.00 LU0496417709
D4 GBP 57.15 0.16 0.28 28-Feb-2024 57.15 49.63 LU0827883017
D2 USD 79.35 0.08 0.10 28-Feb-2024 79.35 66.91 LU0827883108
A2 USD 70.25 0.07 0.10 28-Feb-2024 70.25 59.67 LU0006061252

Ratings

Ratings

Morningstar Rating

3 stars
As of 31-Jan-2024

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

Documents

Documents