The Baillie Gifford Japan Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd, and co-managed by Baillie Gifford & Co. It invests in Japanese public equity markets, primarily in growth stocks of small- and mid-cap companies across diversified sectors. The fund uses fundamental analysis with a bottom-up stock-picking approach and benchmarks its performance against the TOPIX Total Return Index. Formed in 1981, it is domiciled in the United Kingdom.