Morningstar Fund Report  | 13/04/2025Print

Baillie Gifford Japanese Fund ClassA Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Baillie Gifford Japanese Fund ClassA Acc
Fund0.3-14.50.63.21.6
+/-Cat-2.0-7.3-11.5-6.13.7
+/-B’mrk-2.0-8.6-12.8-7.14.2
 
Category: Japan Large-Cap Equity
Category Benchmark: Morningstar Japan TME NR JPY
Key Stats
NAV
11/04/2025		 GBX 1458.00
Day Change -2.28%
Morningstar Category™ Japan Large-Cap Equity
IA (formerly IMA) Sector Japan
ISIN GB0006010838
Fund Size (Mil)
11/04/2025		 GBP 1068.60
Share Class Size (Mil)
31/03/2025		 GBP 4.03
Max Initial Charge -
Ongoing Charge
06/02/2025		  1.48%
Investment Objective: Baillie Gifford Japanese Fund ClassA Acc
The sub-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. The sub-Fund will invest at least 90% in shares of Japanese companies being those which are listed, incorporated, domiciled or conducting a significant portion of their business in Japan. The sub-fund will be actively managed and will invest in companies of any size and sector.
Returns
Trailing Returns (GBP)11/04/2025
YTD-5.20
3 Years Annualised-1.31
5 Years Annualised2.86
10 Years Annualised4.28
12 Month Yield 0.22
Management
Manager Name
Start Date
Matthew Brett
01/06/2008
Jared Anderson
31/01/2025
Inception Date
08/10/1984

Category Benchmark
Fund BenchmarkMorningstar Benchmark
TOPIX TR JPYMorningstar Japan TME NR JPY
Portfolio Profile for  Baillie Gifford Japanese Fund ClassA Acc31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.440.0099.44
Bond0.000.000.00
Property0.000.000.00
Cash1.130.570.56
Other0.000.000.00
Top 5 Regions%
Japan100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Communication Services24.42
Financial Services15.15
Industrials14.32
Technology12.44
Consumer Cyclical10.53
Top 5 HoldingsSector%
SoftBank Group CorpCommunication ServicesCommunication Services7.41
Rakuten Group IncConsumer CyclicalConsumer Cyclical5.51
Sumitomo Mitsui Trust Group IncFinancial ServicesFinancial Services5.47
SBI Holdings IncFinancial ServicesFinancial Services4.63
Nintendo Co LtdCommunication ServicesCommunication Services4.27
Increase Decrease New since last portfolio
Baillie Gifford Japanese Fund ClassA Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Baillie Gifford Japanese Fund ClassA Acc
Category:  Japan Large-Cap Equity
Category Index:  Morningstar Japan TME NR JPY
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.3117.5117.620.29-14.530.613.151.56
+/- Category-2.932.785.77-2.01-7.29-11.46-6.123.68
+/- Category Index-6.033.157.27-2.00-8.65-12.75-7.134.18
% Rank in Category791825778899918
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-2.28   -0.481.08
1 Week-1.88   -2.64-1.32
1 Month-8.19   -2.86-2.46
3 Months-5.87   0.671.06
6 Months-8.42   -2.56-3.04
YTD-5.20   1.582.20
1 Year-8.42   -1.91-0.57
3 Years Annualised-1.31   -6.50-7.48
5 Years Annualised2.86   -3.57-3.69
10 Years Annualised4.28   -1.27-1.42
 
Category: Japan Large-Cap Equity
Category Index: Morningstar Japan TME NR JPY
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.56---
20248.12-2.731.08-2.97
20231.21-0.53-3.283.33
2022-7.73-11.311.902.49
20212.02-0.232.73-4.09
2020-15.5821.197.856.60
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowBelow Average1 star
5-YearBelow AverageAverage2 star
10-YearBelow AverageAbove Average2 star
OverallBelow AverageAverage2 star
 
Category :  Japan Large-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.29 %
3-Yr Mean Return-0.18 %
 
3-Yr Sharpe Ratio-0.37
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Japan TME NR JPY  Morningstar Dev Europe Grt TME NR EUR
3-Yr Beta0.780.67
3-Yr Alpha-3.96-2.43
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 9897-
Market Capitalisation% of Equity
Giant22.11
Large44.11
Medium29.96
Small3.61
Micro0.21
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.311.27
Price/Book1.551.20
Price/Sales1.361.36
Price/Cash Flow8.651.14
Dividend-Yield Factor1.800.74
 
Long-Term Projected Earnings Growth15.291.58
Historical Earnings Growth-3.79-0.28
Sales Growth4.030.48
Cash-Flow Growth45.842.96
Book-Value Growth6.120.64
 
Category: Japan Large-Cap Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.440.0099.44
Bond0.000.000.00
Property0.000.000.00
Cash1.130.570.56
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States0.00-
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan100.001.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Japan Large-Cap Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.490.81
Consumer CyclicalConsumer Cyclical10.530.70
Financial ServicesFinancial Services15.150.96
Real EstateReal Estate1.570.49
Consumer DefensiveConsumer Defensive9.991.99
HealthcareHealthcare8.101.08
Communication ServicesCommunication Services24.422.69
IndustrialsIndustrials14.320.66
TechnologyTechnology12.440.72
 
Category: Japan Large-Cap Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings62
Total Number of Bond Holdings0
Assets in Top 10 Holdings43.80
NameSectorCountry% of Assets
SoftBank Group Corp308Japan7.41
Rakuten Group Inc102Japan5.51
Sumitomo Mitsui Trust Group Inc103Japan5.47
SBI Holdings Inc103Japan4.63
Nintendo Co Ltd308Japan4.27
Sony Group Corp311Japan3.61
Recruit Holdings Co Ltd308Japan3.51
GMO Internet group Inc308Japan3.38
CyberAgent Inc308Japan3.26
Fanuc Corp310Japan2.75
 
Increase Decrease New since last portfolio
Category: Japan Large-Cap Equity
 
Management
Name of CompanyBaillie Gifford & Co Limited.
Phone44 0131 275 2000
Websitewww.bailliegifford.com
AddressCalton Square
 Edinburgh   EH1 3AN
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date08/10/1984
Fund Advisor(s)
Baillie Gifford & Co
Fund ManagerMatthew Brett
Manager Start Date01/06/2008
Education
2003, University of Cambridge, B.A.
Bristol University, Ph.D.
 
Biography
Mr. Brett 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. Mr. Brett joined Baillie Gifford in 2003 and became a Partner in 2018. He is a CFA Charterholder. Mr. Brett 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. Mr. Brett has been a member of the team since the Fund's inception in 2017.
Fund ManagerJared Anderson
Manager Start Date31/01/2025
Career Start Year2016
Education
2012, University of Edinburgh, M.A.
 
Biography
Jared is an Investment Analyst in the Global Alpha Team. He joined Baillie Gifford in 2016 and has also spent time working in the Fixed Income, UK, and Japanese Equity Teams. Previously, he worked for two years as an Assistant Economist at the Scottish Government. Jared graduated MA (Hons) in Economics from the University of Edinburgh in 2012.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.45%
Ongoing Charge1.48%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes