Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Neuberger Berman Japan Equity ETF
$35.970.00 (0.00%)
- 1.92%
- $125M
- +28.1%
- 1.96%
- 0M sh
- $35.73
- low $28.99high $38.95
The ETF.net NBJP Grade
C
Score 41 out of 100
- 17 of 18
Score 41 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.F0 out of 100Rank 18 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 17 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D36 out of 100Rank 12 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C40 out of 100Rank 15 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C40 out of 100Rank 14 of 18
Our read on NBJP
CMost Japan ETFs just buy the whole market. NBJP hires stock pickers instead: a concentrated portfolio of about 60 Japanese companies screened for quality and durable growth. Active conviction, at an active price.
The Fund seeks long-term growth of capital.
Why people hold it
- Genuinely active, not an index in disguise: roughly 60 Japanese names chosen by Neuberger Berman's research team, with at least 80% of assets in companies tied economically to Japan.aaii.com
- Stays in its lane. A dedicated single-country Japan equity mandate, with no drift into broader Asia or global developed markets.
- Concentration with intent: at about 60 holdings, individual picks actually move the portfolio, rather than getting diluted inside a several-hundred-stock market cap index.
Worth knowing
- Cost is the trade-off: a 1.92% stated expense ratio against a roughly 0.50% cohort median, with index peers like FLJP at 0.09%. Fee caps can lower the net figure, so read the current prospectus.
- Thinly traded with a modest asset base, so spreads can run wider than the giant index Japan funds like BBJP and EWJ.
- Young fund. It opened in 2024, so there is not yet a full market cycle to judge the stock picking against cheap index alternatives.
NBJP Holdings
- Stocks
- 59
- 36%
- 8308.T
Geography
- Japan100.00%
Developed 100% · Emerging 0%
NBJP 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.
NBJP$12,811
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 | NBJP |
|---|---|
| Year to date | +16.8% |
| 1 month | −0.1% |
| 3 months | −3.2% |
| 1 year | +28.1% |
| 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 | NBJP |
|---|---|---|
| 2026 YTD | +16.8% | |
| 2025 | +30.3% | |
| 2024 | −3.3% |
NBJP in the news
NBJP Dividends
- 1.96%
- $0.70
- $0.70 per share
- Irregular
Distribution history
NBJP Risk
- 16.2%
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.
- 0.97
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.
- −14.3%
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.
- 0.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NBJP Cost
1.92%
NBJP1.92%
- The middle half of Japan funds
- Median 0.54%
Every other Japan fund charges less.
Other funds in Japan
- 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%
- CJPANMatthews Japan Active ETF JPANExpense ratio 0.79%1 year return +29.7%
- FJAPNListed Funds Trust - Horizon Kinetics Japan Owner Operator ETFExpense ratio 0.85%1 year return −4.1%