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JPY

GradeCNASDAQ Global Select

Lazard Japanese Equity ETF

Countries & Regions · Lazard · Inception 2025-04-04

$38.93−0.57 (−1.45%)

As of Sep 23, 2026, 2:56 PM EDT

History starts Apr 7, 2025.
Intraday session: down, 25 prints from 39.50 to 38.93. Range 38.92 to 39.14. Use the arrow keys to read each point.$38.90$39.00$39.1010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$85M
1Y return
+25.9%
Yield · Last 12 months
1.11%
Holdings
62
Volume · 30D
0M sh
NAV per share
$38.74
52W range
low $28.92high $39.79

The ETF.net JPY Grade

C

48/ 100

Rank 13 of 18 in Japan⁠

Confidence High

Six-pillar profile for JPY. Scores out of 100: Cost 35, Risk 32, Mission 100, Tradability 21, Holdings 42, Durability 17. Strongest: Mission (100). Weakest: Durability (17). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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.
    DScore 35
    Category rank12/18 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank7/14 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 32
    Category rank15/18 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 21
    Category rank14/18 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 42
    Category rank14/18 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 17
    Category rank17/18 · bottom quartile

Graded as of Sep 22, 2026

Our read on JPY

ETF.net Research

CMost Japan ETFs just buy the index. JPY hands the stock picking to Lazard's Japan team, which has run the strategy for decades, and holds a concentrated, non-diversified slice of the market instead.

Stated mandate

The Portfolio seeks long-term capital appreciation.

Why people hold it

  1. 01Active, not index-tracking: a local, bilingual Lazard team chooses the names, a rarity in a category where the biggest funds simply replicate a Japan benchmark.lazardassetmanagement.com
  2. 02The prospectus commits at least 80% of net assets to equities traded on Japanese markets, and the portfolio has stayed tightly inside that Japan-only lane.finance.yahoo.com
  3. 03Launched in 2025 as one of Lazard's first US active ETFs, putting a long-running institutional Japan strategy into an exchange-traded wrapper.lazard.com

Worth knowing

  1. 01Costs 0.60% a year, above the typical Japan fund and well above index trackers like FLJP and FLJH at 0.09%. Research is what the premium buys.
  2. 02A 2025 launch, modest in size and thinly traded, so spreads can run wider than at the giant Japan trackers and there is little history to judge.
  3. 03Non-diversified and concentrated: a handful of names drive results, which can land far from the broad Japan market in either direction.finance.yahoo.com

JPY Holdings

As of Sep 20, 2026, 8:43 AM
Asset class
Stocks
Holdings
62
Top-10 weight
37%
Largest holding
8306.T5.7%

Geography

  • Japan100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0018306.TMITSUBISHI UFJ FINANCIAL GRO5.70%209,900$5M155
0026098.TRECRUIT HOLDINGS CO LTD5.15%39,700$4M165
0038316.TSUMITOMO MITSUI FINANCIAL GR4.60%90,000$4M135
0048411.TMIZUHO FINANCIAL GROUP INC3.69%58,100$3M138
0056501.THITACHI LTD3.60%88,600$3M163
0066758.TSONY GROUP CORP3.22%115,600$3M162
0078035.TTOKYO ELECTRON LTD3.07%8,100$3M183
0088766.TTOKIO MARINE HOLDINGS INC3.04%49,300$3M144
0099984.TSOFTBANK GROUP CORP2.90%62,500$3M130
0108308.TRESONA HOLDINGS INC2.52%136,900$2M109
0116861.TKEYENCE CORP2.32%4,100$2M156
0124502.TTAKEDA PHARMACEUTICAL CO LTD2.26%51,100$2M146
0138058.TMITSUBISHI CORP2.10%56,800$2M131
0149432.TNTT INC2.09%1,562,400$2M117
0156301.TKOMATSU LTD2.02%38,600$2M134

Showing 1–15 of 65 holdings

JPY Performance

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

JPY$12,591
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. JPY $12,591. SPY $11,723. Use the arrow keys to read each point.$9,280$11,099$12,919Sep 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 JPY. Periods over one year show the average yearly return.
PeriodJPY
Year to date+24.2%
1 month+3.8%
3 months+5.0%
1 year+25.9%
3 yearsFund is under 3 years old—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 JPY
YearReturn barJPY
2026 YTD+24.2%
2025+39.9%

History from Apr 7, 2025

JPY in the news

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

JPY 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.
1.11%Last 12 months
Payout per share
$0.44Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Jun 20, 2025 $0.55; Dec 19, 2025 $0.21; Jun 18, 2026 $0.23. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 22, 2026$0.23
Dec 19, 2025Dec 22, 2025$0.21
Jun 20, 2025Jun 23, 2025$0.55

JPY Risk

How much the fund’s monthly returns vary, scaled to a year.
14.2%
Annualised · 16 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.
1.81
vs 3-month T-bills · 16 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.
−15.1%
17 months · trough Mar 2026
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.
0.71
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.

JPY Cost

Expense ratio0.60%
  • The middle half of Japan funds
  • Median 0.54%

11 of the 18 Japan funds charge less.

JPY costs $60.00 a year on $10,000. The median Japan fund costs $54.00.