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JPAN

GradeCNew York Stock Exchange Arca

Matthews Japan Active ETF JPAN

Countries & Regions · Matthews Asia · Inception 2023-09-21

$43.29−0.08 (−0.18%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Sep 22, 2023.
Intraday session: up, 15 prints from 42.52 to 43.29. Range 42.52 to 43.37. Use the arrow keys to read each point.$42.60$42.80$43.00$43.40Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.79%
Fund size
$10M
1Y return
+25.0%
Yield · Last 12 months
4.21%
Volume · 30D
0M sh
NAV per share
$42.19
52W range
low $35.13high $44.33

The ETF.net JPAN Grade

C

42/ 100

Rank 16 of 18 in Japan⁠

Confidence High

Six-pillar profile for JPAN. Scores out of 100: Cost 21, Risk 47, Mission 100, Tradability 0, Holdings 26, Durability 26. Strongest: Mission (100). Weakest: Tradability (0). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank15/18 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank5/14 · top 36%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank11/18 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank18/18 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 26
    Category rank17/18 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank15/18 · bottom quartile

Graded as of Sep 22, 2026

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 Sep 20, 2026, 8:56 AM
Asset class
Stocks
Holdings
—
Top-10 weight
37%
Largest holding
6098.T4.6%

Sectors

  • Technology27.8%
  • Industrials22.1%
  • Financials21.2%
  • Consumer Discr.10.9%
  • Communication8.0%
  • Cons. Staples3.2%
  • Materials2.9%
  • Health Care2.4%
  • Real Estate1.5%

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
0016098.TRECRUIT HOLDINGS CO., LTD.4.57%4,200$463K165
0028306.TMITSUBISHI UFJ FINANCIAL GROUP, INC.4.34%19,100$439K155
0036501.THITACHI, LTD.4.09%11,800$414K163
0046857.TADVANTEST CORP.4.02%2,000$407K180
005—CASH AND OTHERS3.67%0$372K12
0066758.TSONY GROUP CORP.3.57%15,400$362K162
0078411.TMIZUHO FINANCIAL GROUP, INC.3.52%6,600$356K138
0088766.TTOKIO MARINE HOLDINGS, INC.3.34%6,500$339K144
0098316.TSUMITOMO MITSUI FINANCIAL GROUP, INC.3.13%7,300$317K135
0108035.TTOKYO ELECTRON, LTD.3.00%900$304K183
0116752.TPANASONIC HOLDINGS CORP.2.80%10,400$283K143
012285A.TKIOXIA HOLDINGS CORP.2.74%800$277K142
0138053.TSUMITOMO CORP.2.74%24,300$277K118
0146701.TNEC CORP.2.63%8,700$266K135
0158725.TMS&AD INSURANCE GROUP HOLDINGS, INC.2.59%7,900$262K139

Showing 1–15 of 51 holdings

JPAN Performance

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

JPAN$12,496
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JPAN $12,496. SPY $11,723. Use the arrow keys to read each point.$9,275$11,132$12,989Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+21.1%
1 month+2.5%
3 months−0.8%
1 year+25.0%
3 years+23.0%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+21.1%
2025+23.0%
2024+18.2%
2023+5.8%

History from Sep 22, 2023

JPAN in the news

ETF.net Research hasn’t filed on JPAN yet — coverage lands here as it’s written.

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 Sep 22, 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.
14.8%
Annualised · 35 months to Aug 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.
1.25
vs 3-month T-bills · 35 months to Aug 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.
0.85
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.