Equity

BGF Japan Small & MidCap Opportunities Fund

  • NAV as of 02-Jun-2023 EUR 53.20
    52 WK: 47.21 - 53.87
  • 1 Day NAV Change as of 02-Jun-2023 0.75 (1.43%)

Overview

Investment Approach

The Japan Small & MidCap Opportunities Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Japan. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of Japanese stock markets.
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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

Chart

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  1y 3y 5y 10y Incept.
Total Return (%) 1.25 7.56 -0.36 4.70 0.67
Total Return (%) Base Share Class 0.98 8.37 0.52 5.58 5.10
Total Return – Max. IC applied (%) -3.81 5.74 -1.38 4.16 0.37
Total Return – Max. IC applied (%) Base Share Class -4.07 6.53 -0.50 5.04 4.95
Benchmark (%) 13.39 12.24 2.64 7.81 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.11 1.55 1.69 0.04 1.25 24.45 -1.79 58.23 12.00
Total Return (%) Base Share Class 2.53 1.44 1.29 -0.64 0.98 27.25 2.65 72.09 497.79
Total Return – Max. IC applied (%) -2.04 -3.53 -3.39 -4.96 -3.81 18.23 -6.70 50.32 6.40
Total Return – Max. IC applied (%) Base Share Class -2.59 -3.63 -3.77 -5.61 -4.07 20.89 -2.49 63.49 467.90
Benchmark (%) 8.47 3.30 5.69 7.57 13.39 41.38 13.91 112.03 -
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 02-Jun-2023 JPY 18,491,786,023
Share Class Inception Date 29-May-2006
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 Other
Initial Charge 5.00%
Management Fee (incl. Distribution Fee, if any) 1.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
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 MLJOAEH
ISIN LU0255399742
SEDOL B43CN89
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Apr-2023 89
Standard Deviation (3y) as of 30-Apr-2023 13.73%
3y Beta as of 30-Apr-2023 1.000
P/E Ratio as of 28-Apr-2023 11.95
P/B Ratio as of 28-Apr-2023 1.05
5Y Annualised Volatility as of 30-Apr-2023 17.12
Since Share Inception – Annualised Volatility as of 30-Apr-2023 18.31

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.

Holdings

Holdings

as of 28-Apr-2023
Name Weight (%)
77 BANK LTD/THE 2.76
FUKUOKA FINANCIAL GROUP INC 2.62
KYUDENKO CORP 2.51
RAITO KOGYO CO LTD 2.17
NOMURA REAL ESTATE HOLDINGS INC 2.09
Name Weight (%)
SOJITZ CORP 2.01
TOKYO TATEMONO CO. LTD. 1.99
MATSUKIYOCOCOKARA & CO 1.91
YOKOGAWA BRIDGE HOLDINGS CORP 1.84
KYUSHU RAILWAY CO 1.78

Exposure Breakdowns

Exposure Breakdowns

as of 28-Apr-2023

% of Weight

Type Fund Benchmark Net
as of 28-Apr-2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
A2 Hedged EUR N/A 53.20 0.75 1.43 02-Jun-2023 53.87 47.21 LU0255399742 -
A2 JPY N/A 8,596.00 120.00 1.42 02-Jun-2023 8,736.00 7,679.00 LU0249411835 -
A2 EUR N/A 57.40 0.42 0.74 02-Jun-2023 61.53 54.05 LU0171289068 -
D2 Hedged EUR N/A 57.62 0.80 1.41 02-Jun-2023 58.34 50.77 LU0827883280 -
A2 Hedged USD N/A 17.56 0.24 1.39 02-Jun-2023 17.76 15.15 LU0931342652 -
A2 USD N/A 61.67 0.51 0.83 02-Jun-2023 63.78 54.70 LU0006061252 -
D2 JPY N/A 9,656.00 135.00 1.42 02-Jun-2023 9,789.00 8,565.00 LU0496417709 -
A4 GBP Annually 49.18 0.39 0.80 02-Jun-2023 52.41 46.43 LU0204063480 -
D4 GBP Annually 50.89 0.40 0.79 02-Jun-2023 54.14 48.03 LU0827883017 -
D2 EUR N/A 64.48 0.48 0.75 02-Jun-2023 68.71 60.28 LU0252965594 -
D2 USD N/A 69.28 0.58 0.84 02-Jun-2023 71.46 61.17 LU0827883108 -

Ratings

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Documents

Documents