1. Objective

    The Japanese Smaller Companies 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. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods.

    The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association Japanese Smaller Companies Sector.

    The value of investments and any income from them may go down as well as up and you or your client may not get back the amount originally invested.
  2. Meet the Manager

  3. Actual Investors look at the big picture.

    Not just the small print.
    Find out more
  4. Key Information

    Launch Date 1 April 1983
    Benchmark MSCI Japan Small Cap Index + 1.5%
    The Investment Association Sector Japanese Smaller Companies
    XD Date Last day of April each year
    Distribution Last day of June each year
    Pricing Valuation point 10am daily, swinging single price
    Active Share 95%**
    Square Mile Recommended Fund* Square Mile - A Download

    Please bear in mind that past performance is not a guide to future performance. The value of your investment may go down as well as up, and you may not get back the amount invested.

    **Relative to MSCI Japan Small Cap Index. Source: Baillie Gifford & Co, MSCI.

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    We add value through the use of proprietary, fundamental research which prioritises the selection of individually attractive companies rather than the taking of top-down industry bets.
  6. Investment Choice and Charges

    Share Class ISIN Number SEDOL Number Min. Investment Min. Top Up Ongoing Charges* Initial Charge
    B Inc GB0006014582 0601458 £1,000 no minimum 0.62% 0%
    B Acc GB0006014921 0601492 £1,000 no minimum 0.62% 0%

    * Annual figures as at 30/04/2020

    A further explanation of all the charges and costs relating to this Fund can be found in the Enhanced Disclosure of Fund Charges and Costs document.