Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
MUFG Japan Small Cap Active ETF
$62.300.00 (0.00%)
- 0.75%
- $23M
- +33.7%
- 0M sh
- $62.14
- low $47.24high $63.81
The ETF.net MJSC Grade
C
Score 53 out of 100
- 12 of 18
Score 53 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.D29 out of 100Rank 13 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 9 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 6 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 14 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 4 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F22 out of 100Rank 16 of 18
Our read on MJSC
CJapan's largest banking group finally put its name on a US ticker. MJSC is an actively managed all-Japan small-cap portfolio, sub-advised by a Tokyo trust bank picking domestic names most American investors have never heard of.
The Fund seeks long-term capital appreciation.
Why people hold it
- Local hands on the wheel: Mitsubishi UFJ Trust and Banking sub-advises, screening Japanese small caps on market cap and credit risk with growth, quality and value inputs.mufgetfs.com
- Tight mandate: at least 80% of net assets in small-cap companies domiciled in Japan or doing most of their business there. No quiet drift into mega-cap exporters.aaii.com
- MUFG's first ETF for US investors, launched 2025: an institutional Japanese small-cap strategy repackaged into a 1940 Act fund you can buy in a brokerage account.ncnewsonline.com
Worth knowing
- At 0.85%, it costs more than the typical active international equity fund (0.60% median) and roughly triple a broad international small-cap option like AVDS at 0.30%.
- It launched in September 2025 and trades thinly, so there is little live record and limit orders matter more here than in a big, busy fund.
- Currency rides along: yen-earning businesses in a dollar-priced fund, so exchange-rate moves feed into what you see.mufgetfs.com
MJSC Holdings
- Stocks
- 97
- 19%
- 3132.T
Geography
- Japan100.00%
Developed 100% · Emerging 0%
MJSC Performance
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.Not enough history yet.
MJSC$13,370
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.
| Period | MJSC |
|---|---|
| Year to date | +24.9% |
| 1 month | +0.8% |
| 3 months | −0.2% |
| 1 year | +33.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MJSC |
|---|---|---|
| 2026 YTD | +24.9% | |
| 2025 | +0.4% |
MJSC in the news
MJSC Dividends
- $0.33 per share
- Irregular
Distribution data unavailable.
Distribution history
MJSC Risk
- 21.7%
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.
- 1.00
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.
- −12.6%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MJSC Cost
0.75%
MJSC0.75%
- The middle half of Japan funds
- Median 0.54%
12 of the 18 Japan funds charge less.
Other funds in Japan
- BDXJWisdomTree Japan Hedged Equity FundExpense ratio 0.48%1 year return +43.2%
- BOPPJWisdomTree Japan Opportunities FundExpense ratio 0.58%1 year return +44.6%
- CFJPFirst Trust Japan AlphaDEX FundExpense ratio 0.80%1 year return +28.2%
- CJPYLazard Japanese Equity ETFExpense ratio 0.60%1 year return +31.2%
- CHEWJiShares Currency Hedged MSCI Japan ETFExpense ratio 1.02%1 year return +39.6%