Baillie Gifford Japanese Smaller Companies Class B Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/04/19
to
30/04/20		 30/04/20
to
30/04/21		 30/04/21
to
30/04/22		 30/04/22
to
30/04/23		 30/04/23
to
30/04/24
Fund -3.9% 28.4% -32.1% 2.7% -19.0%
Sector -0.1% 21.5% -6.8% 4.8% 14.4%
Rank 66/93 29/93 98/98 79/101 102/102
Quartile 3 2 4 4 4

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund -17.4% -7.0% 7.1%
Sector 3.8% 6.3% 9.4%
Rank 98/98 93/93 62/68
Quartile 4 4 4

Top 10 Holdings

Stock % Weight
TOYO TANSO CO. 3.67
LIFENET INSURANCE CO 3.08
COSMOS PHARMACEUTICAL CORP 2.87
WEALTHNAVI INC 2.64
ASAHI INTECC CO. 2.52
NIFCO INC 2.50
LITALICO INC 2.30
GMO FINANCIAL GATE 2.30
KATITAS CO LTD 2.26
SIIX CORP 2.25
Total 26.41

Fund Aims

Investment Objective The Sub-fund aims to outperform (after deduction of costs) the MSCI Japan Small Cap Index, as stated in Sterling, by at least 1.5% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% in shares of smaller Japanese companies, being those which are listed, incorporated, domiciled or conduct a significant portion of their business in Japan. The Sub-fund will be actively managed and will generally invest in smaller companies in any sector, being a company that has either a market capitalisation or turnover of less than ¥150 billion at the time of initial purchase. To the extent that the Sub-fund is not fully invested in shares of smaller Japanese companies, the Sub-fund may also invest in other transferable securities of Japanese companies, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives.

Fund Manager

Praveen Kumar manager for 8 years and 5 months

Photo of Praveen Kumar Praveen is an Investment Manager in the Japanese Equities Team. He is the Manager of the Japanese Smaller Companies fund (and related Japan Small Cap strategy segregated accounts), Manager of the Shin Nippon Investment Trust, and Deputy Manager of the Baillie Gifford Japan Trust Plc. He is also a member of the International Smaller Companies Portfolio Construction Group (PCG). Praveen graduated BEng in Computer Science from Bangalore University in 2001, and an MBA from the University of Cambridge in 2008. He previously worked for FKI Logistex before joining Baillie Gifford in 2008. After completing the investment graduate trainee programme Praveen joined the Japanese Equities Team as an Investment Manager in 2011.

Fund Overview

Mid (01/05/2024) 3356.00p
Historic yield 0.84%
Fund size (31/03/2024) £224.80m
Number of holdings 72
Entry Charge 0.00%
Ongoing Charges 0.64%
Launch date 02/09/1999

Asset Allocation

pie chart
  International Equities 99.64%
  Cash and Equivalents 0.36%
Portfolio data accurate as at: 31/03/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 99.64%
  Cash and Equivalents 0.36%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Industrials 30.90% - - -
 
 Industrial Goods & Services - 28.82% - -
 
 Industrial Engineering - - 10.24% -
 
 Machinery: Industrial - - - 6.00%
 
 Machinery: Tools - - - 3.57%
 
 Machinery: Specialty - - - 0.67%
 
 Electronic & Electrical Equipment - - 9.94% -
 
 Electronic Equipment: Gauges & Meters - - - 5.76%
 
 Electrical Components - - - 2.77%
 
 Electronic Equipment: Control & Filter - - - 1.41%
 
 Industrial Support Services - - 8.64% -
 
 Transaction Processing Services - - - 3.78%
 
 Business Training & Employment Agencies - - - 2.50%
 
 Forms & Bulk Printing Services - - - 1.86%
 
 Professional Business Support Services - - - 0.49%
 
 Construction & Materials - 2.08% - -
 
 Construction & Materials - - 2.08% -
 
 Engineering & Contracting Services - - - 2.08%
 
 Technology 21.47% - - -
 
 Technology - 21.47% - -
 
 Software & Computer Services - - 11.18% -
 
 Computer Services - - - 5.33%
 
 Consumer Digital Services - - - 3.10%
 
 Software - - - 2.75%
 
 Technology Hardware & Equipment - - 10.29% -
 
 Electronic Components - - - 7.87%
 
 Semiconductors - - - 2.42%
 
 Consumer Discretionary 17.75% - - -
 
 Consumer Products & Services - 9.48% - -
 
 Leisure Goods - - 4.37% -
 
 Recreational Products - - - 2.81%
 
 Consumer Electronics - - - 1.49%
 
 Electronic Entertainment - - - 0.07%
 
 Household Goods & Home Construction - - 2.26% -
 
 Home Construction - - - 2.26%
 
 Consumer Services - - 1.44% -
 
 Funeral Parlors & Cemetery - - - 1.15%
 
 Rental & Leasing Services: Consumer - - - 0.29%
 
 Personal Goods - - 1.41% -
 
 Clothing & Accessories - - - 1.41%
 
 Automobiles & Parts - 3.00% - -
 
 Automobiles & Parts - - 3.00% -
 
 Auto Parts - - - 3.00%
 
 Media - 2.87% - -
 
 Media - - 2.87% -
 
 Entertainment - - - 1.48%
 
 Media Agencies - - - 1.40%
 
 Retail - 2.40% - -
 
 Retailers - - 2.40% -
 
 Diversified Retailers - - - 1.75%
 
 Specialty Retailers - - - 0.65%
 
 Financials 9.40% - - -
 
 Insurance - 4.91% - -
 
 Life Insurance - - 3.08% -
 
 Life Insurance - - - 3.08%
 
 Non-life Insurance - - 1.83% -
 
 Property & Casualty Insurance - - - 1.83%
 
 Financial Services - 4.50% - -
 
 Investment Banking & Brokerage Services - - 2.67% -
 
 Asset Managers & Custodians - - - 2.64%
 
 Investment Services - - - 0.03%
 
 Finance & Credit Services - - 1.83% -
 
 Mortgage Finance - - - 1.83%
 
 Consumer Staples 6.81% - - -
 
 Personal Care, Drug & Grocery Stores - 6.81% - -
 
 Personal Care, Drug & Grocery Stores - - 6.81% -
 
 Drug Retailers - - - 4.54%
 
 Personal Products - - - 1.17%
 
 Food Retailers & Wholesalers - - - 1.10%
 
 Health Care 5.89% - - -
 
 Health Care - 5.89% - -
 
 Medical Equipment & Services - - 5.20% -
 
 Medical Equipment - - - 4.61%
 
 Medical Services - - - 0.58%
 
 Pharmaceuticals & Biotechnology - - 0.67% -
 
 Biotechnology - - - 0.67%
 
 Health Care Providers - - 0.03% -
 
 Health Care Services - - - 0.03%
 
 Basic Materials 2.87% - - -
 
 Chemicals - 2.87% - -
 
 Chemicals - - 2.87% -
 
 Chemicals: Diversified - - - 1.51%
 
 Fertilizers - - - 1.36%
 
 Non-Classified 2.33% - - -
 
 Real Estate 2.21% - - -
 
 Real Estate - 2.21% - -
 
 Real Estate Investment & Services - - 2.21% -
 
 Real Estate Services - - - 2.21%
 
 Cash and Equivalents 0.36% - - -

Regional Allocation

pie chart
  Japan 99.64%
  Cash and Equivalents 0.36%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Japan 99.64% -
 
 Japan - 99.64%
 
 Cash and Equivalents 0.36% -

Breakdown By Market Cap (%)

Mega
 
 
0.03%
Large
 
 
0.80%
Medium
 
 
27.93%
Small
 
 
60.64%
Micro
 
 
8.54%
Non-Classified
 
 
1.70%
Cash
 
 
0.36%

Top 10 Holdings

Stock % Weight Sector Country
1 TOYO TANSO CO. 3.67% Technology Hardware & Equipment Japan
2 LIFENET INSURANCE CO 3.08% Life Insurance Japan
3 COSMOS PHARMACEUTICAL CORP 2.87% Personal Care, Drug & Grocery Stores Japan
4 WEALTHNAVI INC 2.64% Investment Banking & Brokerage Services Japan
5 ASAHI INTECC CO. 2.52% Medical Equipment & Services Japan
6 NIFCO INC 2.50% Automobiles & Parts Japan
7 LITALICO INC 2.30% Industrial Support Services Japan
8 GMO FINANCIAL GATE 2.30% Industrial Support Services Japan
9 KATITAS CO LTD 2.26% Household Goods & Home Construction Japan
10 SIIX CORP 2.25% Technology Hardware & Equipment Japan

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 21.47% - - - - - - 21.47%
Financials - 9.40% - - - - - - 9.40%
Real Estate - 2.21% - - - - - - 2.21%
Consumer Discretionary - 17.75% - - - - - - 17.75%
Consumer Staples - 6.81% - - - - - - 6.81%
Health Care - 5.89% - - - - - - 5.89%
Industrials - 30.90% - - - - - - 30.90%
Basic Materials - 2.87% - - - - - - 2.87%
Cash and Equivalents - - - - - - - 0.36% 0.36%
Non-Classified - 2.33% - - - - - - 2.33%

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code 0601492
Mex Code BGJSB
Isin Code GB0006014921
Citi Code BG51

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.64%

Aims and Benchmark

Aims Investment Objective The Sub-fund aims to outperform (after deduction of costs) the MSCI Japan Small Cap Index, as stated in Sterling, by at least 1.5% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% in shares of smaller Japanese companies, being those which are listed, incorporated, domiciled or conduct a significant portion of their business in Japan. The Sub-fund will be actively managed and will generally invest in smaller companies in any sector, being a company that has either a market capitalisation or turnover of less than ¥150 billion at the time of initial purchase. To the extent that the Sub-fund is not fully invested in shares of smaller Japanese companies, the Sub-fund may also invest in other transferable securities of Japanese companies, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives.
Benchmark MSCI Japan Small Cap Index + 1.5%
Benchmark Category -
IA Sector Japanese Smaller Companies

Fund Background

Valuation frequency Daily
Valuation point 10:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Annually
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
30 April 30 June

Ratings

FE Crown Crown Rating of 1

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
5.10% -

Fund Administration

Fund Trustee/Depository NatWest Trustee and Depositary Services Limited
Fund Administrator Internal
Fund Registrar Internal
Fund Custodian Bank of New York Mellon Trust & Depositary Co. Ltd

Group Details

Group name Baillie Gifford & Co
Group address Calton Square 1 Greenside Row Edinburgh EH1 3AN
Group telephone 0800 917 4752
Dealing telephone 0800 917 4750
Email trustenquiries@bailliegifford.com
Homepage www.bailliegifford.com/intermediaries
Fax number 0131 275 3955

Dealing

Minimum Investment £1000
Minimum Top Up £0
Minimum Regular Saving £50
Settlement Period: Buy 3 days
Settlement Period: Sell 3 days
Pricing Basis Forward
Dealing Decimals -

Important Information

Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.