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Launched

Matthews Japan Active ETF JPAN

JPANNYSE ArcaC

$43.40−0.03 (−0.07%)

As of Oct 13, 2026, 2:53 PM

C42/ 100

Rank 15 of 18 in Japan

C42/100Rank 15 of 18inJapan
Intraday session: down, 5 prints from 43.42 to 43.40. Range 43.31 to 43.42. Use the arrow keys to read each point.43.3343.3543.3810 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$10M
1Y total return
+29.7%
Yield · Last 12 months
4.21%
Holdings
52
Avg volume · 30D
0M sh
NAV per share
$43.24
52W range
low $35.13high $44.34
Launched

The ETF.net JPAN Grade

C

Score 42 out of 100

Category
Japan⁠
Rank
15 of 18
Six-pillar profile for JPAN. Scores out of 100: Cost 21, Risk 39, Mission 100, Tradability 5, Holdings 33, Durability 26. Strongest: Mission (100). Weakest: Tradability (5). Leans toward Mission.

Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 14 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 14

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 15 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F5 out of 100
    Rank 18 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D33 out of 100
    Rank 16 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D26 out of 100
    Rank 15 of 18

Our read on JPAN

ETF.net Research

CThe Japan aisle is stacked with cheap index trackers. JPAN is the other thing: an active, stock-picked Japan portfolio from an Asia-only shop, launched in 2023 and priced like the research effort it is.

Stated mandate

The fund seeks long-term capital appreciation.

Why people hold it

  1. 01Actively managed by Matthews, a firm built around Asia, with one stated job: long-term capital appreciation from Japanese equities.
  2. 02The portfolio stays inside the Japan mandate on the label, with no drift into the wider Asia-Pacific region.
  3. 03Standard 1940 Act fund structure: no leverage, no commodity-pool plumbing, no derivative overlay to decode.

Worth knowing

  1. 01At 0.79% a year it sits well above the typical Japan ETF, where index rivals like FLJP (0.09%) and BBJP (0.19%) set the floor.
  2. 02A small, thinly traded fund, so spreads can run wider than the giant index names in the same aisle.
  3. 03Launched in 2023, so the record is short, and cash comes back once or twice a year rather than quarterly.

JPAN Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
52
Top-10 weight
38%
Largest holding
6857.T5.1%

Sectors

  • Technology27.8%
  • Industrials22.0%
  • Financials20.8%
  • Consumer Discretionary11.4%
  • Communication8.0%
  • Consumer Staples3.5%
  • Materials2.9%
  • Health Care2.0%
  • Real Estate1.7%

Geography

  • Japan100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0016857.TAdvantest Corp.5.06%2,000$525K179
0026098.TRecruit Holdings Co., Ltd.4.54%4,200$471K169
0036501.THitachi, Ltd.4.07%11,800$422K165
0048306.TMitsubishi Ufj Financial Group, Inc.4.02%19,100$417K158
005—Cash and Others3.81%0$396K11
0066758.TSony Group Corp.3.57%15,400$371K162
0078411.TMizuho Financial Group, Inc.3.55%7,100$368K139
0088035.TTokyo Electron, Ltd.3.41%4,500$354K181
0098766.TTokio Marine Holdings, Inc.3.21%100,500$334K143
0106752.TPanasonic Holdings Corp.2.87%10,600$298K144
0116701.TNec Corp.2.86%9,000$297K133
0128316.TSumitomo Mitsui Financial Group, Inc.2.77%14,000$288K137
013285A.TKioxia Holdings Corp.2.56%2,400$265K147
0148053.TSumitomo Corp.2.52%24,300$262K119
0156861.TKeyence Corp.2.45%500$254K156

Showing 1–15 of 52 holdings

JPAN Performance

Launched Sep 21, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
JPAN$12,970
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. JPAN $12,970. SPY $12,044. Use the arrow keys to read each point.$9,491$11,483$13,475Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JPAN. Periods over one year show the average yearly return.
PeriodJPAN
Year to date+21.3%
1 month+0.6%
3 months+1.5%
1 year+29.7%
3 yearsper year+24.2%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JPAN
YearReturn barJPAN
2026 YTD+21.3%
2025+23.0%
2024+18.2%
2023+5.8%

History from Sep 22, 2023

JPAN in the news

Filtered to JPAN · Japan

JPAN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
4.21%Last 12 months
Payout per share
$1.83Last 12 months
Last payment
$1.83 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.13; Dec 18, 2024 $0.47; Dec 17, 2025 $1.83. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 22, 2025$1.83
Dec 18, 2024Dec 23, 2024$0.47
Dec 14, 2023Dec 21, 2023$0.13

JPAN Risk

How much the fund’s monthly returns vary, scaled to a year.
14.6%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.23
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.2%
36 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.84
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JPAN Cost

Expense ratio0.79%
  • The middle half of Japan funds
  • Median 0.54%

13 of the 18 Japan funds charge less.

JPAN costs $79.00 a year on $10,000. The median Japan fund costs $54.00.

Other funds in Japan

See others