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About Horizon Kinetics Japan Owner Operator ETF
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Inception date
May 12, 2025
Structure
Open-Ended Fund
Replication method
Physical
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
Identifiers
3
ISIN US53656H8354
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Consumer Services
Electronic Technology
Stocks93.37%
Technology Services22.13%
Consumer Services13.13%
Electronic Technology10.93%
Process Industries6.09%
Commercial Services6.01%
Retail Trade5.64%
Consumer Durables5.08%
Utilities4.62%
Industrial Services4.46%
Finance4.36%
Communications3.54%
Consumer Non-Durables3.07%
Producer Manufacturing2.89%
Distribution Services1.40%
Bonds, Cash & Other6.63%
Cash6.63%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JAPN invests in stocks. The fund's major sectors are Technology Services, with 22.13% stocks, and Consumer Services, with 13.13% of the basket. The assets are mostly located in the Asia region.
JAPN assets under management is 25.39 M USD. It's risen 2.57% over the last month.
JAPN fund flows account for 28.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, JAPN pays dividends to its holders with the dividend yield of 0.25%. The last dividend (Dec 24, 2025) amounted to 0.06 USD. The dividends are paid annually.
JAPN shares are issued by Horizon Kinetics Holding Corp. under the brand Horizon Kinetics. The ETF was launched on May 12, 2025, and its management style is Active.
JAPN expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
JAPN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JAPN invests in stocks.
JAPN price has fallen by −4.19% over the last month, and its yearly performance shows a −2.70% decrease. See more dynamics on JAPN price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.71% over the last month, showed a −10.27% decrease in three-month performance and has decreased by −5.93% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.71% over the last month, showed a −10.27% decrease in three-month performance and has decreased by −5.93% in a year.
JAPN trades at a premium (1.05%) meaning the ETF is trading at a higher price than the calculated NAV.