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KOKU

GradeBNew York Stock Exchange Arca

Xtrackers MSCI Kokusai Equity ETF

Major Indexes · Xtrackers · Inception 2020-04-08 · SEC filings

$134.48+0.00 (+0.00%)

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

Market opens at 9:30 AM ET.
Intraday session: up, 5 prints from 132.93 to 134.48. Range 132.44 to 134.48. Use the arrow keys to read each point.$132.50$133.00$133.50$134.00Sep 17Sep 18Sep 22Sep 23
Expense ratio
0.09%
Fund size
$813M
1Y return
+16.8%
Yield · Last 12 months
1.30%
Holdings
1090
Volume · 30D
0M sh
NAV per share
$134.43
52W range
low $112.19high $135.94

The ETF.net KOKU Grade

B

56/ 100

Rank 15 of 22 in Developed International Core

Confidence High

Six-pillar profile for KOKU. Scores out of 100: Cost 55, Risk 54, Mission 92, Tradability 38, Holdings 16, Durability 29. Strongest: Mission (92). Weakest: Holdings (16). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B 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.
    BScore 55
    Category rank12/22 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 92
    Category rank19/19 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank8/22 · top 36%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank16/22 · mid-pack
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 16
    Category rank21/21 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 29
    Category rank20/22 · bottom quartile

Graded as of Sep 22, 2026

Our read on KOKU

ETF.net Research

BKokusai is Japanese for overseas, and that is the blueprint here: the developed world with exactly one country cut out, Japan. A 0.09% wrapper on everything else, the US included.

Stated mandate

The fund seeks to track, before fees and expenses, the MSCI Kokusai Index, also known as the MSCI World ex Japan Index. It uses passive full-replication indexing to access developed-market equities excluding Japan.

Why people hold it

  1. 010.09% a year, half the typical fee in its developed-markets cohort, for roughly 1,100 large and mid-cap stocks.
  2. 02Full replication rather than sampling: it buys the MSCI Kokusai index's stocks outright, and has tracked that benchmark closely.
  3. 03The rare fund that carves out Japan instead of the US, so an investor already holding Japan directly can own the rest of the developed world without doubling up.msci.com
  4. 04Plain 1940 Act ETF, passive index mandate, quarterly distributions. No derivatives, no leverage, no outcome period to track.

Worth knowing

  1. 01The index spans 22 developed markets and the US is one of them, so despite the international-sounding name it overlaps heavily with a US core holding.msci.commsci.com
  2. 02Thinly traded next to the giants of its category, so spreads can run wider and larger orders take more care.
  3. 03Broad ex-US peers VEA, SPDW and SCHF charge 0.03%: a different map (they keep Japan, drop the US) at a lower fee.

KOKU Holdings

As of Sep 21, 2026, 3:54 PM
Asset class
Stocks
Holdings
1,090
Top-10 weight
29%
Largest holding
NVDA6.0%

Geography

  • United States75.56%
  • United Kingdom3.89%
  • Canada3.57%
  • Switzerland2.66%
  • Germany2.20%
  • France2.17%
  • Netherlands1.74%
  • Australia1.65%
  • Other countries (20)6.57%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 73.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp5.97%215,537$48M828
002AAPLApple Inc5.77%137,634$46M707
003MSFTMicrosoft Corp4.07%66,126$33M792
004AMZNAmazon.com Inc2.87%90,722$23M720
005GOOGLAlphabet Class A2.40%54,975$19M704
006AVGOBroadcom1.89%42,380$15M732
007GOOGAlphabet Class C1.88%43,825$15M471
008METAMeta Platform Inc Class A1.71%20,583$14M683
009MUMicron Technology1.34%10,590$11M655
010TSLATesla1.22%26,820$10M509
011JPMJPMorgan Chase & Co1.09%24,919$9M478
012LLYLilly (Eli) & Co1.08%7,510$9M569
013AMDAdvanced Micro Dev1.06%15,247$9M618
014BRK-BBerkshire Hathaway Inc-CL B0.84%13,210$7M359
015XOMEXXONMOBIL HLDGS CORP NPV0.79%38,904$6M501

Showing 1–15 of 1086 holdings

KOKU Performance

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

KOKU$11,683
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. KOKU $11,683. SPY $11,723. Use the arrow keys to read each point.$9,351$10,657$11,963Sep 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 KOKU. Periods over one year show the average yearly return.
PeriodKOKU
Year to date+13.2%
1 month+0.2%
3 months+3.6%
1 year+16.8%
3 years+22.1%per year
5 years+12.3%per 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 KOKU
YearReturn barKOKU
2026 YTD+13.2%
2025+21.4%
2024+19.4%
2023+24.2%
2022−17.8%
2021+23.8%
2020+40.4%

Since listing, Apr 8, 2020

KOKU in the news

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

KOKU 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.
1.30%Last 12 months
Payout per share
$1.75Last 12 months
Upcoming payment
$0.31 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2020–2026

One bar per payment. 25 payments from 2020 to 2026 YTD. Dec 3, 2020 $0.01; Dec 18, 2020 $0.37; Mar 19, 2021 $0.25; Jun 25, 2021 $0.44; Sep 17, 2021 $0.36; Dec 17, 2021 $0.60; Mar 18, 2022 $0.25; Jun 24, 2022 $0.48; Sep 16, 2022 $0.30; Dec 16, 2022 $0.36; Mar 17, 2023 $0.23; Jun 23, 2023 $0.57; Sep 15, 2023 $0.36; Dec 15, 2023 $0.35; Mar 15, 2024 $0.25; Jun 21, 2024 $0.57; Sep 20, 2024 $0.42; Dec 20, 2024 $0.40; Mar 21, 2025 $0.27; Jun 20, 2025 $0.60; Sep 19, 2025 $0.43; Dec 19, 2025 $0.49; Mar 20, 2026 $0.27; Jun 18, 2026 $0.68; Sep 18, 2026 $0.31. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Pays Sep 25, 2026$0.31
Jun 18, 2026Jun 26, 2026$0.68
Mar 20, 2026Mar 27, 2026$0.27
Dec 19, 2025Dec 29, 2025$0.49
Sep 19, 2025Sep 26, 2025$0.43
Jun 20, 2025Jun 27, 2025$0.60
Mar 21, 2025Mar 28, 2025$0.27
Dec 20, 2024Dec 30, 2024$0.40
Sep 20, 2024Sep 27, 2024$0.42
Jun 21, 2024Jun 28, 2024$0.57
Mar 15, 2024Mar 22, 2024$0.25
Dec 15, 2023Dec 22, 2023$0.35

KOKU Risk

How much the fund’s monthly returns vary, scaled to a year.
12.2%
Annualised · 36 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.
1.22
vs 3-month T-bills · 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.
−25.8%
Trough Oct 2022
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.
0.89
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.

KOKU Cost

Expense ratio0.09%
  • The middle half of Developed International Core funds
  • Median 0.09%

8 of the 21 Developed International Core funds charge less.

KOKU costs $9.00 a year on $10,000. The median Developed International Core fund costs $9.00.