Equity

BGF Japan Small & MidCap Opportunities Fund

  • NAV as of 21-Sep-2023 EUR 63.89
    52 WK: 52.50 - 65.07
  • 1 Day NAV Change as of 21-Sep-2023 -0.40 (-0.62%)
  • Morningstar Rating

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

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Reinvestments

 
Ex-Date Distribution
  1y 3y 5y 10y Incept.
Total Return (%) 14.17 9.74 3.05 7.78 11.97
Total Return (%) Base Share Class 11.39 9.17 2.86 7.69 5.37
Total Return – Max. IC applied (%) 8.46 7.88 2.00 7.23 11.45
Total Return – Max. IC applied (%) Base Share Class 5.82 7.32 1.81 7.14 5.22
Benchmark (%) 18.85 12.79 5.63 9.72 12.82
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 16.95 2.68 11.83 14.52 14.17 32.16 16.20 111.52 243.98
Total Return (%) Base Share Class 14.35 2.29 10.62 12.47 11.39 30.13 15.13 109.86 566.69
Total Return – Max. IC applied (%) 11.11 -2.46 6.24 8.79 8.46 25.55 10.39 100.95 226.78
Total Return – Max. IC applied (%) Base Share Class 8.63 -2.83 5.08 6.84 5.82 23.62 9.37 99.36 533.36
Benchmark (%) 21.01 1.78 10.55 16.06 18.85 43.49 31.49 152.90 273.50
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 21-Sep-2023 JPY 22,403,166,283
Share Class Inception Date 27-Sep-2012
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%
ISIN LU0827883280
Management Fee (incl. Distribution Fee, if any) 0.75%
Performance Fee 0.00%
Minimum Initial Investment EUR 100000
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 BJSMD2E
SEDOL B893LG8
MAS ESG Fund No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-Aug-2023 89
Standard Deviation (3y) as of 31-Aug-2023 12.14%
3y Beta as of 31-Aug-2023 1.005
P/E Ratio as of 31-Aug-2023 14.34
P/B Ratio as of 31-Aug-2023 1.15
5Y Annualised Volatility as of 31-Aug-2023 17.39
Since Share Inception – Annualised Volatility as of 31-Aug-2023 16.77

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-Aug-2023
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 3.28
77 BANK LTD/THE 2.40
KYUDENKO CORP 2.18
CMK CORPORATION 2.12
KYUSHU RAILWAY CO 1.90
Name Weight (%)
KONOIKE TRANSPORT CO LTD 1.89
MITSUBISHI LOGISTICS CORPORATION 1.89
TOKYO TATEMONO CO. LTD. 1.80
VALQUA LTD 1.70
KOHOKU KOGYO CO LTD 1.68

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2023

% of Weight

Type Fund Benchmark Net
as of 31-Aug-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
D2 Hedged EUR N/A 63.89 -0.40 -0.62 21-Sep-2023 65.07 52.50 LU0827883280
A2 JPY N/A 9,405.00 -62.00 -0.65 21-Sep-2023 9,585.00 7,885.00 LU0249411835
A2 Hedged EUR N/A 58.86 -0.36 -0.61 21-Sep-2023 59.94 48.54 LU0255399742
D2 JPY N/A 10,589.00 -70.00 -0.66 21-Sep-2023 10,792.00 8,844.00 LU0496417709
D4 GBP Annually 53.21 0.16 0.30 21-Sep-2023 54.14 49.63 LU0827883017
A4 GBP Annually 51.65 0.16 0.31 21-Sep-2023 52.41 47.94 LU0204063480
D2 USD N/A 71.61 -0.55 -0.76 21-Sep-2023 73.24 61.17 LU0827883108
D2 EUR N/A 67.28 -0.04 -0.06 21-Sep-2023 68.36 62.25 LU0252965594
A2 Hedged USD N/A 19.52 -0.12 -0.61 21-Sep-2023 19.88 15.94 LU0931342652
A2 USD N/A 63.60 -0.49 -0.76 21-Sep-2023 65.07 54.70 LU0006061252
A2 EUR N/A 59.76 -0.03 -0.05 21-Sep-2023 60.72 55.50 LU0171289068

Ratings

Ratings

Morningstar Rating

5 stars
As of 31-Jul-2018

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

Documents

Documents