Part of our Foundation Fundlist BAILLIE GIFFORD JAPAN TRUST ORD GBP0.05

Symbol: BGFD

This security went ex-dividend on 12/11/2020. Pay date is 11/12/2020

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

Past Performance

  • 4th Dec 2015 to 4th Dec 201619.92%
  • 4th Dec 2016 to 4th Dec 201747.83%
  • 4th Dec 2017 to 4th Dec 2018-2.26%
  • 4th Dec 2018 to 4th Dec 20192.41%
  • 4th Dec 2019 to 4th Dec 202024.76%

Key Information

Benchmark TSE TOPIX
Sector IT Japan
Gearing 111%
Ex-Dividend Date 12 Nov 2020
Dividend Pay Date 11 Dec 2020
Total Dividends - Year to Date4.5
Dividend Yield (%)0.436

Net Asset Value (Nav)

Latest actual NAV 1,011.39
Latest actual NAV date 2/12/2020
NAV frequency Daily
Premium/Discount 2.04%

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.
1.0322%
Performance Fee No
AMC 0.75%
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Out charges for assets above £250,000 are shown on our rates and charges sheet
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
1.0322%
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

Baillie Gifford Japan Trust PLC is an investment company. The Company's investment objective is to achieve long-term capital growth principally through investment in medium to smaller sized Japanese companies, which have above average prospects for growth, although it invests in larger companies when considered appropriate. The Company's holdings are listed in Japan although the portfolio can also include companies listed elsewhere whose business is mainly in Japan, as well as unlisted companies. Its portfolio is constructed through the identification of individual companies. It invests in various sectors, such as commerce and services; manufacturing and machinery; electrical and electronics; retail; real estate and construction; information, communication and utilities, chemicals and other materials; financials, and pharmaceuticals and food. 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 fiscal year ended 31 August 2020, BaillieGifford Japan Trust PLC revenues increased from -£30.3M to£56.2M. Net income totaled £46.9M vs. loss of £39M.Revenues reflect Currency gains/ (losses) increase from-£8.8M to £6.2M, Income increase of 14% to £15.3M. NetIncome reflects General administrative expenses decrease of15% to £412K (expense), Directors Fees decrease of 1% to£148K (expense).

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      11.12% 24.16% 31.56% 24.76% 24.87% 121.36%

      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.
      FUND PROVIDER FACTSHEET
      201,436 bytes PDF Document; last updated 31 Oct 2020
      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
      170,096 bytes PDF Document; last updated 27 Aug 2020
      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
      984,532 bytes PDF Document; last updated 31 Aug 2020
      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
      1,232,706 bytes PDF Document; last updated 29 Feb 2020

      Management Team

      Matthew Brett Praveen Kumar

      Matthew Brett has managed this fund for 2 years and 7 months.

      Matthew Brett 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.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Praveen Kumar has managed this fund for 2 years and 7 months.

      Praveen Kumar Praveen joined Baillie Gifford in 2008 and is an Investment Manager in the Japanese Equities Team. He previously worked for FKI Logistex. Praveen graduated BEng in Computer Science from Bangalore University in 2001 and gained 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

      31/08/2020

      31/08/2019

      31/08/2018

      31/08/2017

      31/08/2016

      31/08/2015

      Total Revenue 56.24 -30.29 136.44 122.64 91.08 52.09
      Gross profit 49.07 -37.03 129.56 117.83 87.04 48.90
      Operating Profit/Loss 48.48 -37.68 128.88 117.24 86.52 48.40
      Profit Before Tax 48.48 -37.68 128.88 117.24 86.52 48.40
      Profit After Tax 46.95 -39.03 127.80 116.39 85.81 47.97
      Equity Holders of Parent Company 46.95 -39.03 127.80 116.39 85.81 47.97
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      31/08/2020

      31/08/2019

      31/08/2018

      31/08/2017

      31/08/2016

      31/08/2015

      Total Non-Current Assets 805.35 819.65 842.05 652.60 498.42 369.57
      Total Current Assets 120.06 41.81 32.49 11.37 4.40 9.09
      Total Assets 925.41 861.46 874.53 663.97 502.82 378.66
      Total Liabilities 153.02 129.35 118.43 88.75 77.83 55.50
      Total Net Assets 772.39 732.11 756.10 575.22 425.00 323.15
      Shareholders Funds 772.39 732.11 756.10 575.22 425.00 323.15
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 772.39 732.11 756.10 575.22 425.00 323.15

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