Equity

BGF Japan Small & MidCap Opportunities Fund

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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  1y 3y 5y 10y Incept.
-9.73 1.93 0.36 10.62 8.53
-14.25 0.20 -0.67 10.05 8.10
Benchmark (%)

as of 31-Dec-2022

-0.21 2.77 0.75 10.48 8.49
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-9.73 -4.76 0.76 2.91 -9.73 5.89 1.79 174.29 184.61
-14.25 -9.52 -4.28 -2.23 -14.25 0.59 -3.30 160.57 170.38
Benchmark (%)

as of 31-Dec-2022

-0.21 -3.35 2.06 3.49 -0.21 8.55 3.83 170.96 183.16
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.

Key Facts

Key Facts

Net Assets of Fund as of 30-Jan-2023 JPY 18,428,522,465
Share Class Inception Date 22-Mar-2010
Fund Inception 13-May-1987
Share Class Currency JPY
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) 0.75%
Performance Fee 0.00%
Minimum Initial Investment JPY 100000
Minimum Subsequent Investment JPY 1000
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 BGFSMDY
ISIN LU0496417709
SEDOL B4Y0F64
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Dec-2022 78
Standard Deviation (3y) as of 31-Dec-2022 16.92%
P/E Ratio as of 30-Dec-2022 13.45
P/B Ratio as of 30-Dec-2022 1.17
5Y Annualised Volatility as of 31-Dec-2022 17.26
Since Share Inception – Annualised Volatility as of 31-Dec-2022 17.13

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 30-Dec-2022
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 4.16
77 BANK LTD/THE 3.47
KYUDENKO CORP 2.22
DAITO TRUST CONSTRUCTION CO LTD 2.11
RYOHIN KEIKAKU CO LTD 2.09
Name Weight (%)
NIPPON SODA CO LTD 2.02
ZENKOKU HOSHO CO LTD 1.93
MITSUBISHI HC CAPITAL INC 1.93
HIKARI TSUSHIN INC. 1.89
KOBAYASHI PHARMACEUTICAL CO LTD 1.84

Exposure Breakdowns

Exposure Breakdowns

as of 30-Dec-2022

% of Weight

Type Fund
as of 30-Dec-2022

% of Weight

Type Fund
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
D2 JPY N/A 9,294.00 24.00 0.26 30-Jan-2023 9,775.00 8,505.00 LU0496417709 -
A2 JPY N/A 8,294.00 21.00 0.25 30-Jan-2023 8,736.00 7,642.00 LU0249411835 -
A2 Hedged EUR N/A 50.96 0.13 0.26 30-Jan-2023 53.60 47.19 LU0255399742 -
A2 EUR N/A 58.43 -0.19 -0.32 30-Jan-2023 65.13 54.05 LU0171289068 -
A2 Hedged USD N/A 16.71 0.04 0.24 30-Jan-2023 17.47 15.05 LU0931342652 -
D2 EUR N/A 65.47 -0.21 -0.32 30-Jan-2023 72.46 60.28 LU0252965594 -
A4 GBP Annually 51.36 0.00 0.00 30-Jan-2023 54.24 46.43 LU0204063480 -
D2 Hedged EUR N/A 55.06 0.14 0.25 30-Jan-2023 57.83 50.64 LU0827883280 -
D4 GBP Annually 53.01 0.00 0.00 30-Jan-2023 55.96 48.03 LU0827883017 -
A2 USD N/A 63.65 -0.04 -0.06 30-Jan-2023 73.63 54.70 LU0006061252 -
D2 USD N/A 71.32 -0.04 -0.06 30-Jan-2023 81.89 61.17 LU0827883108 -

Ratings

Ratings

Morningstar Rating

3 stars
As of 31-Dec-2022

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama
Keitaro Kanai
Keitaro Kanai

Documents

Documents