JAPN Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETF
Quote as of Oct 23, 2026 20:00 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 26.41 | Day Range | 26.08 – 26.17 |
| 52-Week Range | 21.98 – 28.64 | Volume | 6.18K |
| Avg Volume | 4.45K | AUM | $25.5M (Oct 26, 2026) |
| Expense Ratio | 0.85% | Yield (TTM) | 0.24% |
| NAV | 26.17 | Premium/Discount | -0.27% indicative |
| Inception | May 12, 2025 | Holdings | 36 |
| Issuer | Horizon Kinetics | Exchange | NASDAQ |
| Category | Developed Markets | Index Tracked | Not stated in source data |
| CUSIP | 53656H835 | ISIN | US53656H8354 |
| Management | Actively managed (per issuer description) | ||
About this ETF
JAPN is an actively managed fund centering on the Japanese equity market. It specifically targets Japanese companies operated by substantial shareholders or whose owners have significant ownership stake. These individuals must own more than 5% of the companys outstanding shares. The fund may hold depositary receipts including ADRs, EDRs, and GDRs. In selecting the constituents, the adviser utilizes a value-driven fundamental approach to determine companies with superior owner-operators. Owner-operated companies are believed to be asset-light, less capital intensive, and have high cash generation. The fund will typically consist of 30 to 60 firms of any market-cap and sector.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.03% | +9.76% | +13.97% | +1.52% | -8.61% | — | — | — | +4.11% |
| Total return | +2.03% | +9.76% | +13.97% | +1.52% | -8.39% | — | — | — | +4.36% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.85% | Annual cost of a $10,000 investment | $85.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 36 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Furuno Electric Co Ltd | 6814.T | 10.33% | 54.60K | $2.7M |
| 2 | M&A Capital Partners Co Ltd | 6080.T | 4.82% | 45.70K | $1.2M |
| 3 | Finatext Holdings Ltd | 4419.T | 4.55% | 124.80K | $1.2M |
| 4 | Furyu Corp | 6238.T | 4.28% | 113.10K | $1.1M |
| 5 | Resorttrust Inc | 4681.T | 4.10% | 93.60K | $1.1M |
| 6 | Japan Elevator Service Holdings Co Ltd | 6544.T | 3.86% | 101.40K | $992.6K |
| 7 | Visional Inc | 4194.T | 3.83% | 15.60K | $982.8K |
| 8 | ULS Group Inc | 3798.T | 3.79% | 273.00K | $972.4K |
| 9 | Hikari Tsushin Inc | 9435.T | 3.68% | 3.90K | $946.6K |
| 10 | Tsuburaya Fields Holdings Inc | 2767.T | 3.65% | 58.50K | $937.3K |
| 11 | OBIC Business Consultants Co Ltd | 4733.T | 3.64% | 15.60K | $934.1K |
| 12 | KeePer Technical Laboratory Co Ltd | 6036.T | 3.58% | 39.00K | $919.1K |
| 13 | Kotobuki Spirits Co Ltd | 2222.T | 3.50% | 54.60K | $898.3K |
| 14 | Internet Initiative Japan Inc | 3774.T | 3.45% | 39.00K | $886.3K |
| 15 | Oro Co Ltd | 3983.T | 2.99% | 62.40K | $769.2K |
| 16 | Sega Sammy Holdings Inc | 6460.T | 2.95% | 35.10K | $758.4K |
| 17 | Pan Pacific International Holdings Corp | 7532.T | 2.87% | 156.00K | $738.3K |
| 18 | US BANK MMDA - USBGFS 7 06/01/2031 | — | 2.86% | 734.99K | $735.0K |
| 19 | Yonex Co Ltd | 7906.T | 2.54% | 42.90K | $651.9K |
| 20 | AlphaPolis Co Ltd | 9467.T | 2.32% | 85.80K | $597.0K |
| 21 | Transaction Co Ltd | 7818.T | 2.23% | 70.20K | $572.4K |
| 22 | IG Port Inc | 3791.T | 2.01% | 74.10K | $516.6K |
| 23 | Starts Publishing Corp | 7849.T | 2.01% | 27.30K | $515.9K |
| 24 | Macnica Holdings Inc | 3132.T | 2.00% | 19.50K | $512.6K |
| 25 | Sanrio Co Ltd | 8136.T | 1.92% | 58.50K | $493.6K |
| 26 | M3 Inc | 2413.T | 1.87% | 39.00K | $479.9K |
| 27 | Ceres Inc/Japan | 3696.T | 1.55% | 27.30K | $397.3K |
| 28 | Net Protections Holdings Inc | 7383.T | 1.49% | 162.00K | $382.3K |
| 29 | Tomy Co Ltd | 7867.T | 1.36% | 11.70K | $348.1K |
| 30 | Towa Corp | 6315.T | 1.30% | 26.80K | $335.1K |
| 31 | Smaregi Inc | 4431.T | 1.21% | 13.00K | $311.3K |
| 32 | U-Next Holdings Co Ltd | 9418.T | 1.09% | 23.40K | $278.9K |
| 33 | Digital Garage Inc | 4819.T | 0.94% | 15.20K | $242.8K |
| 34 | Rorze Corp | 6323.T | 0.88% | 9.60K | $226.5K |
| 35 | Cash & Other | — | 0.56% | 142.91K | $142.9K |
| 36 | JAPANESE YEN | JPY | 0.01% | 310.78K | $2.0K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.24% | Paid (last 12 months) | $0.0620 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 23, 2025 | Last payment | $0.0620 (Dec 24, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 23, 2025 | Dec 23, 2025 | Dec 24, 2025 | $0.0620 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 20.40% / — | Sharpe 1Y / 3Y | -0.577 / — |
| Max drawdown 1Y / 3Y | -23.04% / — | Sortino 1Y | -0.81 |
| Beta vs S&P 500 (3Y) | 0.63 | Correlation vs S&P 500 (1Y) | 0.389 |
| Downside deviation 1Y | 14.53% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 26, 2026. Formulas →
Liquidity
| Volume today | 6.18K | Average volume | 4.45K |
| AUM | $25.5M | Premium/Discount | -0.27% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | -$30.1K | -0.11% | $26.2M → $25.5M |
| 1 Month | -$567.9K | -2.22% | $25.6M → $25.5M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for JAPN
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.