JAPN
Horizon Kinetics Japan Owner Operator ETF·NASDAQ
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Key Stats
Assets Under Management
24.13MUSD
Fund Flows (1Y)
24.22MUSD
Dividend Yield
0.27%
Discount/Premium to NAV
0.16%
Shares Outstanding
1.00M
Expense Ratio
0.85%
About Horizon Kinetics Japan Owner Operator ETF
Issuer
Horizon Kinetics Asset Management LLC
Brand
Horizon Kinetics
Inception Date
May 12, 2025
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Horizon Kinetics Asset Management LLC
Distributor
Foreside Fund Services LLC
JAPN is an actively managed fund centering on the Japanese equity market. It specifically targets Japanese companies operated by substantial shareholders or whose owners have significant ownership stake. These individuals must own more than 5% of the companys outstanding shares. The fund may hold depositary receipts including ADRs, EDRs, and GDRs. In selecting the constituents, the adviser utilizes a value-driven fundamental approach to determine companies with superior owner-operators. Owner-operated companies are believed to be asset-light, less capital intensive, and have high cash generation. The fund will typically consist of 30 to 60 firms of any market cap and sector.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -10.14% | -13.40% | -10.37% | -7.00% | -7.00% | -7.00% |
NAV Total Return | -8.34% | -12.10% | -7.32% | +0.08% | +0.08% | +0.08% |
Ratings
No data is currently available
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Holdings Analysis
Sector
Technology
28.63%
Communication Services
18.62%
Consumer Cyclical
18.27%
Industrials
12.80%
Consumer Defensive
10.09%
Financial Services
5.64%
Basic Materials
3.76%
Healthcare
2.20%
Technology
28.63%
Communication Services
18.62%
Consumer Cyclical
18.27%
Industrials
12.80%
Consumer Defensive
10.09%
Financial Services
5.64%
Basic Materials
3.76%
Healthcare
2.20%
Asset
Region
100%
Category
Ratio
Asia
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
Furuno Electric Co Ltd
10.11%
US BANK MMDA - USBGFS 7 06/01/2031
6.81%
Hikari Tsushin Inc
4.68%
Resorttrust Inc
4.63%
Japan Elevator Service Holdings Co Ltd
4.60%
M&A Capital Partners Co Ltd
4.34%
Pan Pacific International Holdings Corp
4.13%
ULS Group Inc
4.05%
Yonex Co Ltd
3.91%
Visional Inc
3.64%
Top 10 Weight 50.9%
34 Total Holdings
Is SPY better than JAPN?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-23 | 2025-12-23 | 2025-12-24 | 0.062 |
How Much Does JAPN Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy JAPN?
Fund Flows
