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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Performance

Performance

Chart

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
16.88 0.61 2.60 7.93 9.59
11.03 -1.10 1.55 7.38 9.12
Benchmark (%) 8.58 2.50 1.43 6.99 8.23
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
11.97 7.54 2.23 7.72 16.88 1.83 13.70 114.52 204.79
6.37 2.16 -2.88 2.34 11.03 -3.26 8.02 103.79 189.55
Benchmark (%) 4.06 2.41 0.34 4.26 8.58 7.69 7.34 96.57 162.02

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 2.88 15.36 27.48 27.44 -17.22 22.84 5.98 2.61 -12.78 5.68
Benchmark (%) 6.39 19.16 27.00 18.37 -11.06 12.85 1.55 -2.02 -2.50 7.14
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 GBP, 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

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

Key Facts

Key Facts

Net Assets of Fund
as of 04-Dec-2024
JPY 26,425,926,293
Fund Inception
13-May-1987
Fund Base Currency
JPY
Benchmark
-
Initial Charge
5.00%
ISIN
LU0827883017
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
BJSMD4R
MAS ESG Fund
No
Share Class Inception Date
27-Sept-2012
Share Class Currency
GBP
Asset Class
Equity
SFDR Classification
Article 8
Management Fee
0.75%
Management Fee (incl. Distribution Fee, if any)
0.75%
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Japan Small/Mid-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8KTH89

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Oct-2024
95
3y Beta
as of 30-Nov-2024
1.074
P/B Ratio
as of 31-Oct-2024
1.13
Since Share Inception – Annualised Volatility
as of 30-Nov-2024
14.36
Standard Deviation (3y)
as of 30-Nov-2024
11.87%
P/E Ratio
as of 31-Oct-2024
14.03
5Y Annualised Volatility
as of 30-Nov-2024
14.48

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Ratings

Ratings

Morningstar Rating

3 stars
As of 30-Nov-2024

Holdings

Holdings

as of 31-Oct-2024
Name Weight (%)
FUKUOKA FINANCIAL GROUP INC 1.84
KONOIKE TRANSPORT CO LTD 1.74
HASEKO CORPORATION 1.71
YAMAZAKI BAKING CO LTD 1.69
77 BANK LTD/THE 1.68
Name Weight (%)
MITSUBISHI LOGISTICS CORPORATION 1.65
KINDEN CORPORATION 1.64
JAPAN METROPOLITAN FUND INVESTMENT CORP 1.60
SUNDRUG CO LTD 1.55
GUNZE LTD 1.54

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2024

% of Weight

Type Fund Benchmark Net
as of 31-Oct-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
D4 GBP 61.54 -1.28 -2.04 04-Dec-2024 62.82 52.31 LU0827883017
D2 USD 86.54 -1.60 -1.82 04-Dec-2024 88.79 72.99 LU0827883108
A2 USD 76.17 -1.41 -1.82 04-Dec-2024 78.27 64.73 LU0006061252
D2 JPY 13,037.00 -93.00 -0.71 04-Dec-2024 13,130.00 10,524.00 LU0496417709
A2 Hedged EUR 73.78 -0.55 -0.74 04-Dec-2024 74.33 59.13 LU0255399742
A2 Hedged USD 24.95 -0.18 -0.72 04-Dec-2024 25.13 19.70 LU0931342652
A4 GBP 59.61 -1.24 -2.04 04-Dec-2024 60.85 50.45 LU0204063480
A2 JPY 11,475.00 -82.00 -0.71 04-Dec-2024 11,557.00 9,286.00 LU0249411835
D2 Hedged EUR 80.82 -0.59 -0.72 04-Dec-2024 81.41 64.31 LU0827883280
A2 EUR 72.50 -1.27 -1.72 04-Dec-2024 73.77 58.99 LU0171289068
D2 EUR 82.37 -1.44 -1.72 04-Dec-2024 83.81 66.85 LU0252965594

Portfolio Managers

Portfolio Managers

Hiroki Takayama
Hiroki Takayama

Documents

Documents