Part of our Foundation Fundlist BAILLIE GIFFORD JAPAN TST PLC (THE)ORD GBP0.05

Symbol: BGFD

Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 24th May 2019 to 24th May 2020-1.92%
  • 24th May 2020 to 24th May 202139.30%
  • 24th May 2021 to 24th May 2022-29.01%
  • 24th May 2022 to 24th May 20234.29%
  • 24th May 2023 to 24th May 2024-2.92%

Key Information

Benchmark TSE TOPIX
Sector IT Japan
Gearing 111%
Ex-Dividend Date 16 Nov 2023
Dividend Pay Date 20 Dec 2023
Total Dividends - Year to Date10
Dividend Yield (%)1.3812

Net Asset Value (Nav)

Latest actual NAV 814.69
Latest actual NAV date 22/05/2024
NAV frequency Daily
Premium/Discount -11.13%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
0.9687%
Performance Fee No
AMC 0.58%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
0.9687%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

The Baillie Gifford Japan Trust PLC is an investment company. The Company is focused on achieving long-term capital growth principally through investment in medium to smaller-sized Japanese companies. The Company’s holdings are generally listed in Japan, although the portfolio can also include companies listed elsewhere whose business is predominantly in Japan, as well as unlisted companies. The Company’s portfolio is constructed through the identification of individual companies which offer long-term growth potential, typically over a three-to-five-year horizon. It invests in various sectors, including chemicals and other materials, manufacturing, financials and commerce and services. Baillie Gifford & Co is the manager and Baillie Gifford & Co Limited is the alternative investment fund manager of the Fund.

Financial Summary

BRIEF: For the six months ended 29 February 2024, Baillie Gifford Japan Trust PLC revenues increased from -£6M to £55.3M. Net income totaled £51.2M vs. loss of £10.4M. Revenues reflect Gains on sales of investments increase from £3M to £43.8M, Currency gains increase of 12% to £3.5M. Basic Earnings per Share excluding Extraordinary Items increased from -£0.11 to £0.56.

Performance

  • Chart Options

    Select Timeframe Add a sector as a comparator Add an index as a comparator Add a share as a comparator

      Add a moving average as a comparator Add a lower indicator as a comparator Chart Style Current Comparators

      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      1.69% -2.16% 7.58% -2.92% -28.12% -1.79%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      177,557 bytes PDF Document; last updated 30 Apr 2024
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      81,907 bytes PDF Document; last updated 05 Apr 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      5,125,578 bytes PDF Document; last updated 31 Aug 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,044,174 bytes PDF Document; last updated 29 Feb 2024

      Management Team

      Matthew Brett Praveen Kumar

      Matthew Brett has managed this fund for 6 years .

      Matthew Brett Matthew is an investment manager in the Japanese Equities Team. He joined Baillie Gifford in 2003 and became a partner in 2018. He is manager of the Japanese Fund (and related All Cap Strategy segregated accounts), manager of the Baillie Gifford Japan Trust and co-manager of the Japanese Income Growth Fund. 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.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Praveen Kumar has managed this fund for 6 years .

      Praveen Kumar Praveen is an investment manager in the Japanese Equities Team. He is manager of the Japanese Smaller Companies Fund and the manager of related Japan Small Cap Strategy segregated accounts, the Shin Nippon Investment Trust Plc, and deputy manager of the Japan Trust Plc. He is also a founder and member of the International Smaller Companies Portfolio Construction Group. He previously worked for FKI Logistex before joining Bailie Gifford in 2008. Praveen graduated BEng in Computer Science from Bangalore University in 2001, and completed an MBA from the University of Cambridge in 2008.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Praveen

      Name of Security Sole/Co Managed Since
      Bail Gif Shi Nippon PLC ORD 2P Co Dec 2015

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/08/2023

      31/08/2022

      31/08/2021

      31/08/2020

      31/08/2019

      31/08/2018

      Total Revenue -34.37 -146.06 170.55 56.24 -30.29 136.44
      Gross profit -40.69 -152.73 163.05 49.07 -37.03 129.56
      Operating Profit/Loss -41.38 -153.47 162.38 48.48 -37.68 128.88
      Profit Before Tax -41.38 -153.47 162.38 48.48 -37.68 128.88
      Profit After Tax -43.25 -155.47 160.66 46.95 -39.03 127.80
      Equity Holders of Parent Company -43.25 -155.47 160.66 46.95 -39.03 127.80
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/08/2023

      31/08/2022

      31/08/2021

      31/08/2020

      31/08/2019

      31/08/2018

      Total Non-Current Assets 858.49 930.35 1,053.67 805.35 819.65 842.05
      Total Current Assets 7.84 13.20 46.40 120.06 41.81 32.49
      Total Assets 866.33 943.56 1,100.07 925.41 861.46 874.53
      Total Liabilities 133.36 152.55 144.67 153.02 129.35 118.43
      Total Net Assets 732.96 791.01 955.40 772.39 732.11 756.10
      Shareholders Funds 732.96 791.01 955.40 772.39 732.11 756.10
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 732.96 791.01 955.40 772.39 732.11 756.10

      Investment involves risk. You may get back less than invested.