Baillie Gifford Japanese Smaller Companies Class B Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 29.2% | -12.4% | -24.4% | -16.2% | -4.2% |
| Sector | 11.7% | 3.8% | -7.3% | 6.4% | 12.6% |
| Rank | 9/89 | 90/92 | 91/94 | 95/97 | 97/98 |
| Quartile | 1 | 4 | 4 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -15.4% | -7.2% | 6.1% | |
| Sector | 3.6% | 5.2% | 8.4% | |
| Rank | 93/94 | 88/89 | 59/64 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| LIFENET INSURANCE CO | 4.24 |
| NIFCO INC | 2.90 |
| COSMOS PHARMACEUTICAL CORPORATION | 2.87 |
| KATITAS CO LTD | 2.86 |
| YONEX CO | 2.74 |
| JEOL LTD | 2.74 |
| MEGACHIPS CORPORATION | 2.55 |
| RAKSUL | 2.53 |
| AVEX | 2.51 |
| NAKANISHI | 2.50 |
| Total | 28.44 |
Fund Aims
The 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.
Fund Manager
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 (20/12/2024) | 3061.00p |
| Historic yield | 0.78% |
| Fund size (31/10/2024) | £153.71m |
| Number of holdings | 66 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.67% |
| Launch date | 01/04/1983 |
Asset Allocation
| International Equities | 99.68% | |
| Cash and Equivalents | 0.32% |
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
Asset Allocation
| International Equities | 99.68% | |
| Cash and Equivalents | 0.32% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 27.19% | - | - | - | |
| Industrial Goods & Services | - | 25.56% | - | - | |
| Electronic & Electrical Equipment | - | - | 10.29% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 4.97% | |
| Electrical Components | - | - | - | 4.40% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.93% | |
| Industrial Engineering | - | - | 7.76% | - | |
| Machinery: Industrial | - | - | - | 4.62% | |
| Machinery: Tools | - | - | - | 3.01% | |
| Machinery: Specialty | - | - | - | 0.13% | |
| Industrial Support Services | - | - | 7.51% | - | |
| Transaction Processing Services | - | - | - | 3.43% | |
| Forms & Bulk Printing Services | - | - | - | 2.53% | |
| Business Training & Employment Agencies | - | - | - | 1.18% | |
| Professional Business Support Services | - | - | - | 0.37% | |
| Construction & Materials | - | 1.63% | - | - | |
| Construction & Materials | - | - | 1.63% | - | |
| Engineering & Contracting Services | - | - | - | 1.63% | |
| Consumer Discretionary | 22.44% | - | - | - | |
| Consumer Products & Services | - | 11.10% | - | - | |
| Leisure Goods | - | - | 5.58% | - | |
| Recreational Products | - | - | - | 3.69% | |
| Consumer Electronics | - | - | - | 1.89% | |
| Household Goods & Home Construction | - | - | 2.86% | - | |
| Home Construction | - | - | - | 2.86% | |
| Consumer Services | - | - | 2.66% | - | |
| Rental & Leasing Services: Consumer | - | - | - | 1.74% | |
| Funeral Parlors & Cemetery | - | - | - | 0.91% | |
| Media | - | 4.15% | - | - | |
| Media | - | - | 4.15% | - | |
| Entertainment | - | - | - | 2.51% | |
| Media Agencies | - | - | - | 1.64% | |
| Automobiles & Parts | - | 2.90% | - | - | |
| Automobiles & Parts | - | - | 2.90% | - | |
| Auto Parts | - | - | - | 2.90% | |
| Retail | - | 2.52% | - | - | |
| Retailers | - | - | 2.52% | - | |
| Diversified Retailers | - | - | - | 1.94% | |
| Specialty Retailers | - | - | - | 0.57% | |
| Travel & Leisure | - | 1.78% | - | - | |
| Travel & Leisure | - | - | 1.78% | - | |
| Restaurants & Bars | - | - | - | 1.78% | |
| Technology | 18.90% | - | - | - | |
| Technology | - | 18.90% | - | - | |
| Software & Computer Services | - | - | 12.13% | - | |
| Computer Services | - | - | - | 5.49% | |
| Software | - | - | - | 4.01% | |
| Consumer Digital Services | - | - | - | 2.63% | |
| Technology Hardware & Equipment | - | - | 6.76% | - | |
| Electronic Components | - | - | - | 3.97% | |
| Semiconductors | - | - | - | 2.80% | |
| Financials | 9.65% | - | - | - | |
| Insurance | - | 6.72% | - | - | |
| Life Insurance | - | - | 4.24% | - | |
| Life Insurance | - | - | - | 4.24% | |
| Non-life Insurance | - | - | 2.49% | - | |
| Property & Casualty Insurance | - | - | - | 2.49% | |
| Financial Services | - | 2.93% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.67% | - | |
| Asset Managers & Custodians | - | - | - | 1.67% | |
| Finance & Credit Services | - | - | 1.26% | - | |
| Mortgage Finance | - | - | - | 1.26% | |
| Health Care | 8.23% | - | - | - | |
| Health Care | - | 8.23% | - | - | |
| Medical Equipment & Services | - | - | 4.84% | - | |
| Medical Equipment | - | - | - | 4.26% | |
| Medical Services | - | - | - | 0.58% | |
| Pharmaceuticals & Biotechnology | - | - | 2.37% | - | |
| Biotechnology | - | - | - | 2.37% | |
| Health Care Providers | - | - | 1.02% | - | |
| Health Care Facilities | - | - | - | 1.02% | |
| Consumer Staples | 7.13% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 7.13% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 7.13% | - | |
| Drug Retailers | - | - | - | 4.13% | |
| Personal Products | - | - | - | 1.57% | |
| Food Retailers & Wholesalers | - | - | - | 1.43% | |
| Non-Classified | 2.73% | - | - | - | |
| Basic Materials | 1.76% | - | - | - | |
| Chemicals | - | 1.76% | - | - | |
| Chemicals | - | - | 1.76% | - | |
| Chemicals: Diversified | - | - | - | 1.00% | |
| Fertilizers | - | - | - | 0.76% | |
| Real Estate | 1.65% | - | - | - | |
| Real Estate | - | 1.65% | - | - | |
| Real Estate Investment & Services | - | - | 1.65% | - | |
| Real Estate Services | - | - | - | 1.65% | |
| Cash and Equivalents | 0.32% | - | - | - | |
Regional Allocation
| Japan | 99.68% | |
| Cash and Equivalents | 0.32% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Japan | 99.68% | - | |
Japan
|
- | 99.68% | |
| Cash and Equivalents | 0.32% | - | |
Breakdown By Market Cap (%)
| Large |
|
0.85% |
| Medium |
|
25.78% |
| Small |
|
60.76% |
| Micro |
|
9.50% |
| Non-Classified |
|
2.78% |
| Cash |
|
0.32% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LIFENET INSURANCE CO | 4.24% | Life Insurance | Japan |
| 2 | NIFCO INC | 2.90% | Automobiles & Parts | Japan |
| 3 | COSMOS PHARMACEUTICAL CORPORATION | 2.87% | Personal Care, Drug & Grocery Stores | Japan |
| 4 | KATITAS CO LTD | 2.86% | Household Goods & Home Construction | Japan |
| 5 | YONEX CO | 2.74% | Leisure Goods | Japan |
| 6 | JEOL LTD | 2.74% | Electronic & Electrical Equipment | Japan |
| 7 | MEGACHIPS CORPORATION | 2.55% | Technology Hardware & Equipment | Japan |
| 8 | RAKSUL | 2.53% | Industrial Support Services | Japan |
| 9 | AVEX | 2.51% | Media | Japan |
| 10 | NAKANISHI | 2.50% | Medical Equipment & Services | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 18.90% | - | - | - | - | - | - | 18.90% |
| Financials | - | 9.65% | - | - | - | - | - | - | 9.65% |
| Real Estate | - | 1.65% | - | - | - | - | - | - | 1.65% |
| Consumer Discretionary | - | 22.44% | - | - | - | - | - | - | 22.44% |
| Consumer Staples | - | 7.13% | - | - | - | - | - | - | 7.13% |
| Health Care | - | 8.23% | - | - | - | - | - | - | 8.23% |
| Industrials | - | 27.19% | - | - | - | - | - | - | 27.19% |
| Basic Materials | - | 1.76% | - | - | - | - | - | - | 1.76% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.32% | 0.32% |
| Non-Classified | - | 2.73% | - | - | - | - | - | - | 2.73% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 | 0601458 |
| Mex Code | BGJE |
| Isin Code | GB0006014582 |
| Citi Code | BG06 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.67% |
Aims and Benchmark
| Aims | The 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. |
| 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 |
| 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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.