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Investment trust
BGFDBaillie Gifford Japan Trust PLC
Managed by Baillie Gifford & CoMatt Brett
Latest factsheet
30 Apr 2026
Net assets
£798.1m
Yearly charge
0.71%
vs asset value
9.1% discount
Borrowing
7.00%
Dividend yield
1.10%
Holdings
40
The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40-70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities. Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas. We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.
9.1% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 918 · asset value per share 1,009.45 (GBP)
Cumulative performance
| Period | Trust | TOPIX |
|---|---|---|
| YTD | -21.40% | -2.70% |
| YTD | -9.10% | +2.80% |
| YTD | +1.40% | +21.70% |
| YTD | -0.10% | -2.50% |
| YTD | +14.90% | +23.90% |
| 1Y | +25.60% | +28.00% |
| 3Y | +28.40% | +56.30% |
| 5Y | -9.50% | +57.60% |
| 10Y | +117.60% | +158.70% |
Top holdings · top 10: 36.70%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | SoftBank Group | 7.20% | |
| 2 | SBI Holdings | 4.00% | |
| 3 | Rakuten | 3.90% | |
| 4 | Sumitomo Mitsui Trust | 3.60% | |
| 5 | FANUC | 3.40% | |
| 6 | GMO Internet | 3.10% | |
| 7 | CyberAgent | 3.10% | |
| 8 | Sony | 3.00% | |
| 9 | SMC | 2.70% | |
| 10 | MISUMI | 2.70% |
Portfolio breakdown
Sector
| Info, Comm and Utilities | 18.40% | |
| Commerce & Services | 15.30% | |
| Electricals & Electronics | 15.10% | |
| Manufacturing & Machinery | 14.10% | |
| Financials | 9.10% | |
| Net Liquid Assets | 7.50% | |
| Chemicals & Other Materials | 7.00% | |
| Pharmaceuticals & Foods | 5.80% | |
| Retail | 5.10% | |
| Real Estate & Construction | 1.80% | |
| Consumer Staples | 1.00% |
Key facts
- Stock market ticker
- BGFD
- ISIN
- GB0000485838
- Benchmark
- TOPIX
- Currency
- GBP
- Domiciled in
- United Kingdom
- Dividends paid
- Annual
Source factsheets
| Date | Published by the trust |
|---|---|
| 30 Apr 2026 | View original factsheet ↗ |