JAPANESE FUNDJAPANESE FUND
The Japanese Fund aims to outperform (after deduction of costs) the TOPIX, 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 Japan Sector.
Performance & PortfolioPeriodic PerformanceAll figures to 31/03/2021
6 Months 1 Year 3 Years 5 Years Class B-Acc 9.3% 43.5% 9.0% 16.6% Index* 8.7% 24.8% 6.1% 11.5% Target Benchmark** 9.5% 26.7% 7.7% 13.1% Sector Average*** 9.4% 31.8% 7.1% 12.1% Sector Ranking 29/72 8/72 15/71 4/67Annual Discrete Performance figures to 31 March each yearAnnual percentage return (Updated Quarterly) 31/03/2016
Class B-Acc 44.2% 15.4% -1.1% -8.7% 43.5% Index* 33.0% 8.2% -1.8% -2.5% 24.8% Target Benchmark** 35.0% 9.8% -0.3% -1.0% 26.7% Sector Average*** 32.4% 9.2% -3.6% -3.4% 31.8%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 you invested.
Performance source: FE and relevant underlying index provider, single pricing basis, total return.
Returns reflect the annual charges but exclude any initial charge paid.
***IA Japan Sector.Performance - 31/03/2021The value of your investment may go down as well as up, and you may not get back the amount you invested.
Source: FE and relevant underlying index provider, single pricing basis, total return.
Please bear in mind that past performance is not a guide to future performance.
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Top Ten Holdings - 31/03/2021
Fund % 1 SoftBank Group 5.9% 2 Rakuten 4.4% 3 SBI Holdings 3.6% 4 Kubota 3.4% 5 Sumitomo Mitsui Trust 3.3% 6 GMO Internet 3.3% 7 Nintendo 3.1% 8 Sony 2.8% 9 DENSO 2.8% 10 FANUC 2.6% Total 35.2% Fund % 1 SoftBank Group 5.9% 2 Rakuten 4.4% 3 SBI Holdings 3.6% 4 Kubota 3.4% 5 Sumitomo Mitsui Trust 3.3% 6 GMO Internet 3.3% 7 Nintendo 3.1% 8 Sony 2.8% 9 DENSO 2.8% 10 FANUC 2.6% Total 35.2%Sector Analysis of Total Assets - 31/03/2021As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
Please note that totals may not add due to rounding.Unfortunately we were unable to load the chart. Please try again later.
InsightsView all Insights.March 2021
Interview With Our Japanese Researchers.
Donald Farquharson, head of the Japanese Equity Team at Baillie Gifford, speaks to Japan-based strategy researchers Akiko Hirai and Satoko Ishino.January 2020
Square Mile Talking Factsheet - Japanese Fund.
This film was created and distributed by Square Mile as part of their Talking Factsheets series.November 2020
Featuring the news and views of the teams involved in running our fundsNovember 2020
Japan’s Software Disruptors.
How does a company de-age? Jared Anderson thinks about how Japanese companies are changing their working practices to meet modern expectations.November 2020
Japan Strategy Stewardship Report.
At Baillie Gifford, we interpret our stewardship responsibilities as being a natural extension of our fiduciary duty to clients. We conduct ourselves as diligent stewards of our clients’ funds by seeking out and backing unique business models with durable growth prospects, subsequently building relationships with management teams to support their long-term aspirations.September 2020
Japanese Equities Introduction.
Members of the Japanese Equities Team explain the philosophy and processes of the strategies that exist within Baillie Gifford’s Japanese Equities capabilities.November 2019
Dominators vs Disrupters - The Future of Industrial Robotics.
The big four incumbents in robotics are gearing up for a challenge. In a reshaping global industry, they are readying themselves for the march of the cobots.
View all Insights.
Meet the Managers
Matthew is an Investment Manager in the Japanese Equities Team. He is manager of the Japanese All Cap Strategy and Lead Manager of the Japanese Income Growth Strategy. He is also a member of the Global Stewardship Portfolio Construction Group. Matthew joined Baillie Gifford in 2003 and became a Partner in 2018. He is a CFA Charterholder. Matthew graduated BA (Hons) in Natural Sciences (Psychology) from the University of Cambridge in 2000 and holds a PhD in Psychology from the University of Bristol.
How to Buy
You can invest in a range of our funds via a number of fund platforms and supermarkets, please see the links opposite. Further information on the funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request. Information on the range of funds available through platforms can be found in our Platform Matrix.
Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
OEIC Terms of Business
To buy and sell our funds, you must complete and return a copy of the document below, if you don't already have an agreement with us. In order for us to accept your business for our range of OEICs, please complete and return the Terms of Business Acceptance Form.
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). Please note that, due to current government restrictions, we have a limited number of staff in our office. As a result, if posting instructions to us, there may be a delay in processing these due to these current restrictions.
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Enhanced Disclosure Document
Fund Ratings Reports
Key Investor Information Documents
General Investment Risk
Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested.
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
The Fund’s exposure to a single market and currency may increase share price movements.
The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested.
The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.
A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.
Fees from Revenue
Where possible, charges are taken from the Fund's revenue. Where there is insufficient revenue, the remainder will be taken from capital. This will reduce the capital value of your investment.
Tax rates and the tax treatment of OEICs can change at any time.