Baillie Gifford Japanese Smaller Companies B

An actively managed, process driven specialist fund.

  • 4238.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 4628.00p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 1.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.60%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.63%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 17 February 2020, fund data last updated 01 August 2001

The fund's objective is to achieve capital growth by investing, whether directly or indirectly, in Japan, with particular emphasis on smaller companies, in any economic sector.

Fund summary

Sector Japanese Smaller Companies
Structure OEIC
Launched September, 1999
Size £857m
Yield 0.20%
Charging basis
Dividends paid

Charges

Standard initial charge 1.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.60%
Ongoing charges figure 0.63%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 -0.30%
  • 18/19 1.60%
  • 19/20 -0.12%

Bestinvest MRI

  • 3 years 0.39%
  • 5 years 0.00%
  • Career 0.50%
  • 3 years 82.60%
  • 5 years 0.00%
  • Career 89.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Praveen Kumar

Kumar joined Baillie Gifford in 2008 and became an investment manager on the Japanese Equities team in 2011. He previously worked for FKI Logistex.Kumar graduated BEng in Computer Science from Bangalore University in 2001 and gained an MBA in Finance from Judge Business School, Cambridge University in 2008.

Track record

Praveen Kumar has 3.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.5%. During the worst period of relative performance (from May 2016 - December 2016) there was a decline of 13% relative to the index. The worst absolute loss has been 18%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance

Absolute -18.00% (September 2018 - December 2018)
Relative -13.00% (May 2016 - December 2016)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 30 November 2019

3.4% Monotaro Co.ltd
3.3% Bengo4.Com Inc
3.1% Gmo Payment Gateway Inc
3% Horiba
3% Outsourcing Inc
2.9% Infomart Corp
2.8% Nihon M&A Center Inc
2.5% Katitas Co Ltd
2.4% Istyle Inc
2.4% Osg Corp
Source: Trustnet

Sector breakdown

Industrials 30.00%
Information Technology 19.00%
Health Care 13.00%
Consumer Discretionary 13.00%
Consumer Staples 7.00%
Communications 6.00%
Financials 5.00%
Real Estate 2.00%
Materials 2.00%
Money Market 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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