Manager firm
Baillie Gifford
Manager(s)
Brian Lum
Structure
investment_trust
AIC sector
Japanese Smaller Companies
Domicile
United Kingdom
Base currency
GBP
Latest factsheet
2026-04-30
Snapshot date
2025-08-31
Manager firm
Baillie Gifford
Manager(s)
Brian Lum
Structure
investment_trust
AIC sector
Japanese Smaller Companies
Domicile
United Kingdom
Base currency
GBP
Latest factsheet
2026-04-30
Snapshot date
2025-08-31
Share price
156.00p
NAV / share
174.47p2026-07-23
Premium / discount
-10.59%
Fund size
£373m
OCF
0.81%
Performance fee
—
Gearing
11.00%
Dividend yield
0.40%
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | -25.2% | -7.7% | -17.5pp |
| ytd | -14.0% | 5.4% | -19.4pp |
| ytd | -20.9% | 12.4% | -33.3pp |
| ytd | -9.6% | 1.4% | -11.0pp |
| ytd | 22.1% | 26.2% | -4.1pp |
| 1y | 31.1% | 29.8% | +1.3pp |
| 3y | 1.1% | 51.4% | -50.3pp |
| 5y | -39.3% | 48.2% | -87.5pp |
| 10y | 58.0% | 139.0% | -81.0pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Tsugami | — | — | 5.1% |
| 2 | Kohoku Kogyo | — | — | 4.1% |
| 3 | Harmonic Drive Systems | — | — | 3.6% |
| 4 | SWCC Corporation | — | — | 3.4% |
| 5 | JEOL | — | — | 3.4% |
| 6 | GA Technologies | — | — | 2.8% |
| 7 | Toyo Tanso | — | — | 2.6% |
| 8 | Nikkiso | — | — | 2.6% |
| 9 | Gift Holdings Inc | — | — | 2.4% |
| 10 | Mani,Inc. | — | — | 2.4% |
| Japan | 96.0% | |
| Cash near Cash | 4.0% |
| Portfolio yield | 1.60% |
| Unlisted holdings | 1.40% |
| Cash & equivalents | 4.00% |
| Total assets | £451.4m |
| Revenue reserves | £0 |
| Net gearing | 15.10% |
| Gross gearing | 19.90% |
| Net cash | £0 |
| Gearing range (from) | — |
| Gearing range (to) | — |
| Shares in issue | 253,237,278 |
| Shares issued | 0 |
| Shares purchased | 3,200,000 |
| Treasury shares | 61,015,207 |
Manager firm
Baillie Gifford
Manager(s)
Brian Lum
Structure
investment_trust
AIC sector
Japanese Smaller Companies
Domicile
United Kingdom
Base currency
GBP
Latest factsheet
2026-04-30
Snapshot date
2025-08-31
Share price
156.00p
NAV / share
174.47p2026-07-23
Premium / discount
-10.59%
Fund size
£373m
OCF
0.81%
Performance fee
—
Gearing
11.00%
Dividend yield
0.40%
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | -25.2% | -7.7% | -17.5pp |
| ytd | -14.0% | 5.4% | -19.4pp |
| ytd | -20.9% | 12.4% | -33.3pp |
| ytd | -9.6% | 1.4% | -11.0pp |
| ytd | 22.1% | 26.2% | -4.1pp |
| 1y | 31.1% | 29.8% | +1.3pp |
| 3y | 1.1% | 51.4% | -50.3pp |
| 5y | -39.3% | 48.2% | -87.5pp |
| 10y | 58.0% | 139.0% | -81.0pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Tsugami | — | — | 5.1% |
| 2 | Kohoku Kogyo | — | — | 4.1% |
| 3 | Harmonic Drive Systems | — | — | 3.6% |
| 4 | SWCC Corporation | — | — | 3.4% |
| 5 | JEOL | — | — | 3.4% |
| 6 | GA Technologies | — | — | 2.8% |
| 7 | Toyo Tanso | — | — | 2.6% |
| 8 | Nikkiso | — | — | 2.6% |
| 9 | Gift Holdings Inc | — | — | 2.4% |
| 10 | Mani,Inc. | — | — | 2.4% |
| Japan | 96.0% | |
| Cash near Cash | 4.0% |
| Portfolio yield | 1.60% |
| Unlisted holdings | 1.40% |
| Cash & equivalents | 4.00% |
| Total assets | £451.4m |
| Revenue reserves | £0 |
| Net gearing | 15.10% |
| Gross gearing | 19.90% |
| Net cash | £0 |
| Gearing range (from) | — |
| Gearing range (to) | — |
| Shares in issue | 253,237,278 |
| Shares issued | 0 |
| Shares purchased | 3,200,000 |
| Treasury shares | 61,015,207 |