JAPNHorizon Kinetics Japan Owner Operator ETF
Seeks long-term growth of capital.
By Horizon Kinetics · Launched 2025
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$26M
#4,374 of 6,040 · small
Return (1Y)
-8.9%
Track Record
1 year
#4,308 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$9,089-9.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 50.6% of fundmoderately concentrated
Furuno Electric Co Ltd
9.7%
US BANK MMDA - USBGFS 7USBGFS7
7.0%
Japan Elevator Service Holding
4.8%
Resorttrust Inc
4.7%
Hikari Tsushin Inc
4.5%
Pan Pacific International Hold
4.4%
Furyu Corp
4.0%
ULS Group Inc
3.9%
M&A Capital Partners Co Ltd
3.9%
Yonex Co Ltd
3.7%
Asset allocation
Stocks
96.6%
Cash
3.1%
Other
0.3%
By sector
Technology
32.6%
Consumer Cyclical
18.7%
Communication
16.8%
Industrials
10.7%
Consumer Defensive
9.3%
Financial Services
6.7%
Basic Materials
3.4%
Healthcare
1.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
20.4%High
Year-on-year price swings
Max drawdown
-23.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks long-term growth of capital.
- Strategy
- Actively manages a portfolio primarily invested in securities of Japanese companies operated by significant owner-operators, targeting those with market capitalizations under ¥1.4 trillion. The strategy employs a value-driven, bottom-up approach to identify companies positioned for long-term growth.
- Inception date
- May 12, 2025
- Fund family
- Horizon Kinetics
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Data updated on 2026-09-18