Morningstar Fund Report  | 02/04/2025Print

Baillie Gifford Japanese Smaller Companies B Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Baillie Gifford Japanese Smaller Companies B Acc
Fund-14.9-20.3-11.3-9.9-3.5
+/-Cat-14.6-12.3-16.2-12.7-2.9
+/-B’mrk-13.9-17.9-19.1-15.6-4.1
 
Category: Japan Small/Mid-Cap Equity
Category Benchmark: Morningstar Japan Sml NR JPY
Key Stats
NAV
01/04/2025		 GBX 3306.00
Day Change -1.17%
Morningstar Category™ Japan Small/Mid-Cap Equity
IA (formerly IMA) Sector Japan
ISIN GB0006014921
Fund Size (Mil)
01/04/2025		 GBP 126.42
Share Class Size (Mil)
28/02/2025		 GBP 66.39
Max Initial Charge -
Ongoing Charge
06/02/2025		  0.67%
Investment Objective: Baillie Gifford Japanese Smaller Companies B Acc
The sub-Fund aims to outperform (after deduction of costs) the MSCI Japan Small Cap Index, 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 smaller 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 generally invest in smaller companies in any sector, being a company that has either a market capitalisation or turnover of less than ¥150 billion at the time of initial purchase.
Returns
Trailing Returns (GBP)01/04/2025
YTD-4.64
3 Years Annualised-9.42
5 Years Annualised-3.54
10 Years Annualised3.42
12 Month Yield 0.84
Management
Manager Name
Start Date
Praveen Kumar
01/02/2023
Brian Lum
31/01/2025
Inception Date
02/09/1999

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Japan Small Cap NR USDMorningstar Japan Sml NR JPY
Portfolio Profile for  Baillie Gifford Japanese Smaller Companies B Acc31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.650.0096.65
Bond0.000.000.00
Property0.000.000.00
Cash3.760.413.35
Other0.000.000.00
Top 5 Regions%
Japan100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Technology26.02
Industrials25.35
Consumer Cyclical17.52
Healthcare10.33
Financial Services7.99
Top 5 HoldingsSector%
Lifenet Insurance CoFinancial ServicesFinancial Services3.76
Katitas Co LtdConsumer CyclicalConsumer Cyclical3.31
Nifco IncConsumer CyclicalConsumer Cyclical3.22
Yonex Co LtdConsumer CyclicalConsumer Cyclical2.96
Jeol LtdTechnologyTechnology2.86
Increase Decrease New since last portfolio
Baillie Gifford Japanese Smaller Companies B Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Baillie Gifford Japanese Smaller Companies B Acc
Category:  Japan Small/Mid-Cap Equity
Category Index:  Morningstar Japan Sml NR JPY
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-3.2212.8930.02-14.87-20.28-11.26-9.88-3.52
+/- Category10.55-3.1219.44-14.62-12.25-16.25-12.73-2.85
+/- Category Index9.09-29.24-13.94-17.94-19.10-15.56-4.13
% Rank in Category280699929596-
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.17   0.51-0.96
1 Week-2.99   -1.04-0.93
1 Month-4.09   -3.48-3.91
3 Months-4.64   -3.59-5.04
6 Months-7.00   -5.77-7.83
YTD-4.64   -3.59-5.04
1 Year-9.57   -7.24-12.53
3 Years Annualised-9.42   -11.27-15.83
5 Years Annualised-3.54   -8.89-9.93
10 Years Annualised3.42   -2.88-2.84
 
Category: Japan Small/Mid-Cap Equity
Category Index: Morningstar Japan Sml NR JPY
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.52---
2024-4.96-9.276.57-1.92
2023-1.15-6.70-5.401.72
2022-17.60-12.3010.180.12
2021-5.57-1.013.73-12.21
2020-16.9831.9414.623.55
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowAbove Average1 star
5-YearLowHigh1 star
10-YearBelow AverageHigh1 star
OverallBelow AverageHigh1 star
 
Category :  Japan Small/Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.67 %
3-Yr Mean Return-8.32 %
 
3-Yr Sharpe Ratio-0.86
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Japan Sml NR JPY  Morningstar Gbl Cons Cyc TME GR USD
3-Yr Beta1.260.51
3-Yr Alpha-18.61-9.85
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 561-
Market Capitalisation% of Equity
Giant0.00
Large0.71
Medium27.59
Small59.12
Micro12.59
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings16.451.28
Price/Book1.721.40
Price/Sales1.041.27
Price/Cash Flow10.361.24
Dividend-Yield Factor1.430.57
 
Long-Term Projected Earnings Growth7.290.67
Historical Earnings Growth12.541.12
Sales Growth13.271.63
Cash-Flow Growth31.731.23
Book-Value Growth12.921.33
 
Category: Japan Small/Mid-Cap Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.650.0096.65
Bond0.000.000.00
Property0.000.000.00
Cash3.760.413.35
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States0.00-
Canada0.00-
Latin America0.00-
United Kingdom0.00-
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan100.001.00
Australasia0.00-
Asia - Developed0.00-
Asia - Emerging0.00-
 
Category: Japan Small/Mid-Cap Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.520.21
Consumer CyclicalConsumer Cyclical17.521.04
Financial ServicesFinancial Services7.990.91
Consumer DefensiveConsumer Defensive3.720.74
HealthcareHealthcare10.331.63
Communication ServicesCommunication Services7.561.26
IndustrialsIndustrials25.350.89
TechnologyTechnology26.021.47
 
Category: Japan Small/Mid-Cap Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings65
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.70
NameSectorCountry% of Assets
Lifenet Insurance Co103Japan3.76
Katitas Co Ltd102Japan3.31
Nifco Inc102Japan3.22
Yonex Co Ltd102Japan2.96
Jeol Ltd311Japan2.86
COSMOS Pharmaceutical Corp206Japan2.81
SWCC Corp310Japan2.76
MegaChips Corp311Japan2.72
Raksul Inc Ordinary Shares310Japan2.65
Nakanishi Inc206Japan2.64
 
Increase Decrease New since last portfolio
Category: Japan Small/Mid-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 Date02/09/1999
Fund Advisor(s)
Baillie Gifford & Co
Fund ManagerPraveen Kumar
Manager Start Date01/02/2023
Education
University of Cambridge, M.B.A.
2001, Bangalore University, B.E.
 
Biography
Praveen Kumar joined Baillie Gifford in 2008 and is a portfolio manager in the Japanese Equities Team. He is the lead manager for the Manager’s Japanese Smaller Companies Strategy and a member of the Manager’s International Smaller Companies Portfolio Construction Group. Mr. Kumar graduated BEng in Computer Science from Bangalore University in 2001 and gained an MBA from the University of Cambridge in 2008.
Fund ManagerBrian Lum
Manager Start Date31/01/2025
Career Start Year2006
Education
University of Cambridge, B.A.
2006, University of Cambridge, M.S.
 
Biography
Mr. Lum is a portfolio manager in the Manager's International Growth Research Team and became a member of the International Growth Portfolio Construction Group in May 2015. He also Chairs the Manager's International Smaller Companies Portfolio Construction Group. Mr. Lum joined Baillie Gifford in 2006 and initially worked in the North American and Emerging Markets departments, before spending a number of years focused on investment in smaller companies. Mr. Lum graduated MSci and BA (Hons) in Physics from the University of Cambridge in 2006.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.67%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes