Key stats
About Horizon Kinetics Japan Owner Operator ETF
Home page
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
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
Stocks93.33%
Technology Services28.10%
Consumer Services12.81%
Electronic Technology7.44%
Retail Trade6.08%
Commercial Services6.00%
Process Industries5.40%
Consumer Durables5.16%
Industrial Services4.75%
Utilities3.93%
Communications3.91%
Producer Manufacturing3.23%
Finance3.05%
Consumer Non-Durables2.44%
Distribution Services1.03%
Bonds, Cash & Other6.67%
Cash6.67%
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 28.10% stocks, and Consumer Services, with 12.81% of the basket. The assets are mostly located in the Asia region.
JAPN assets under management is 19.87 M USD. It's risen 71.85% over the last month.
JAPN fund flows account for 19.20 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.
No, JAPN doesn't pay dividends to its holders.
JAPN shares are issued by Horizon Kinetics Holding Corp. under the brand Horizons. 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 trades at a premium (0.27%) meaning the ETF is trading at a higher price than the calculated NAV.