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 Kumarmanager
for
8 years
and 5 months
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
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
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
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
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.