UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
JPXN
JPXN NYSE
iShares JPX-Nikkei 400 ETF · by BlackRock
Price
¥102.60
YTD return
+10.80%
1Y return
14.50%
Expense ratio
0.48%
Dividend yield
1.60%
AUM
$450M
JPXN tracks the JPX-Nikkei Index 400, which selects Japanese companies based on return on equity, operating profit, and market capitalization. This quality-focused approach targets Japan's most efficiently managed companies.
JPXN: Japan's Quality-Focused ETF
The iShares JPX-Nikkei 400 ETF targets the highest-quality Japanese companies as measured by profitability, governance, and capital efficiency. The JPX-Nikkei 400 Index was created by the Japan Exchange Group and Nikkei Inc. to promote corporate governance reform in Japan.
Quality Selection Methodology
Unlike traditional market-cap weighted indices, the JPX-Nikkei 400 selects companies based on quantitative metrics including return on equity (ROE), cumulative operating profit, and market capitalization. Companies must also meet qualitative criteria related to corporate governance, including appointing independent directors and publishing English-language financial reports.
Impact on Japanese Corporate Governance
The creation of the JPX-Nikkei 400 has been credited with accelerating corporate governance reform in Japan. Companies excluded from the index face significant reputational pressure to improve their capital efficiency and shareholder returns, creating a virtuous cycle of governance improvement across Japanese markets.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Toyota Motor | TM | Consumer Discretionary | 3.80% | $192.00 0.08% |
| 2 | Sony Group | SONY | Technology | 3.20% | $24.07 -0.21% |
| 3 | Hitachi | HTHIY | Industrials | 2.50% | $34.23 2.67% |
| 4 | Mitsubishi Corp | MSBHF | Industrials | 2.10% | $28.60 -4.03% |
| 5 | Recruit Holdings | RCRRF | Industrials | 1.90% | $104.88 0.00% |
Frequently asked questions
What makes the JPX-Nikkei 400 different from the Nikkei 225?
The JPX-Nikkei 400 selects companies based on profitability and governance quality rather than just market cap, targeting Japan's best-managed companies.
How often is the index rebalanced?
The JPX-Nikkei 400 Index is reviewed and rebalanced annually in August.
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