# JAPN (Horizon Kinetics Japan Owner Operator ETF)

Horizon Kinetics · Stock ETFs · Japan · data as of Oct 2, 2026

JAPN is actively managed and returned −6.8% over the past year.

## Key facts

- JAPN, total return, 1 year: −6.8%, as of Oct 2, 2026.
- JAPN, expense ratio: 0.85%, as of Oct 2, 2026.
- JAPN, holdings: 33, as of Oct 2, 2026.
- JAPN, below its high: −11.5%, as of Oct 2, 2026.
- JAPN, net assets: $23m (SEC filing, whole fund, as filed for Jun 30, 2026).

## JAPN over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +10.0% | +3.6% | +6.4 pts | +4.7 pts |
| 6 months | +11.8% | +17.9% | −6.2 pts | −16.6 pts |
| 1 year | −6.8% | +16.2% | −23.1 pts | −31.2 pts |
| Since listing | +2.2% | +33.3% | −31.1 pts | −44.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · Japan | ETFIQ |
| Expense ratio | 0.85% | 485BPOS XBRL, Apr 27, 2026 |
| Price | $25.57 | ETFIQ |
| Listed since | May 13, 2025 | ETFIQ |
| Net assets | $23m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its high | −11.5% | ETFIQ |
| Holdings | 33 | ETFIQ |
| Top ten weight | 48.6% | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 0.0% | ETFIQ |
| Active share vs the S&P 500 | 100.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |

## Questions

### How has JAPN performed?

Over the year to Oct 2, 2026, JAPN returned −6.8% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is not published.

### What does JAPN cost?

The prospectus expense ratio is 0.85% a year.

### What does JAPN hold?

33 positions as filed for Jun 30, 2026, with the top ten at 48.6% of the fund. 0% of its weight is in stocks the S&P 500 also holds.

### How far is JAPN below its high?

11.5% below its high of Aug 18, 2025, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, JAPN, data as of Oct 2, 2026. https://etfiq.com/funds/japn
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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