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Wednesday, August 19, 2026The Morning Brief →Sign in
JPXNISharesINDEX

iShares JPX-Nikkei 400 ETF

$101.63-0.40% today
8310552-WK

The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index will include large-, mid- and small-capitalization companies. The currency of the component securities of the underlying index is the Japanese yen ("JPY").

Price & daily flows
100.594.187.8101.63DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$20M OVER THIS RANGE

The desk’s read

Money is leaving — −$1M walked out over the past month, about 0.9% of the fund's asset base, while the price has returned +16.7% so far this year. At 0.48% a year it is not the cheapest way in — EFRA runs the same ground at 0.47%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$138Massets under management
0.48%expense ratio · $48 per $10,000 a year
−$1Mnet flow, trailing month
6Kavg daily volume, 30 days
390holdings · US-domiciled
2001listed October 22, 2001 · beta 1.10
The book at a glance
68572.8%84112.3%99842.2%80352.2%83162.0%69811.9%83061.9%60981.8%80581.7%80311.6%65031.6%68611.6%67521.4%40631.4%80011.4%87661.4%65011.3%99831.3%70111.3%77411.3%58031.2%72031.1%80531.1%29141.0%67581.0%94321.0%94331.0%80021.0%94340.9%85910.9%67230.9%58020.9%63010.9%87500.8%67020.8%86300.8%61460.8%67010.8%72670.8%69540.8%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
16857ADVANTEST CORP2.77%
28411MIZUHO FINANCIAL GROUP INC2.29%
39984SOFTBANK GROUP CORP2.24%
48035TOKYO ELECTRON LTD2.22%
58316SUMITOMO MITSUI FINANCIAL GROUP IN2.05%
66981MURATA MANUFACTURING LTD1.92%
78306MITSUBISHI UFJ FINANCIAL GROUP INC1.88%
86098COUNTRY GARDEN SERVICES HOLDINGS L1.83%
98058MITSUBISHI CORP1.68%
108031MITSUI LTD1.65%
116503MITSUBISHI ELECTRIC CORP1.64%
126861KEYENCE CORP1.56%
136752PANASONIC HOLDINGS CORP1.40%
144063SHIN ETSU CHEMICAL LTD1.38%
158001ITOCHU CORP1.35%

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Sector weights
Industrials26.18%
Information Technology17.72%
Financials15.09%
Consumer Discretionary13.52%
Communication6.92%
Health Care5.36%
Materials5.22%
Consumer Staples5.04%
Real Estate2.1%
Utilities1.41%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.9%
1 month+4.7%
3 months+3.5%
6 months+0.9%
YTD+16.7%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month−$1M
3 months+$9K
YTD+$20M
1 year+$20M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
22%realized volatility, 30 days (annualized)
20%realized volatility, 1 year
-13.1%deepest fall from a peak, 1 year
-3.4%where it sits vs. that peak today

The top holding is 2.8% of the book; the top ten carry 21%. Spread across 250+ names, it behaves like roughly 97 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against JPXN

Due diligence cuts both ways. These funds sit on the same shelf and beat JPXN on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-43bp on fee · 933× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-44bp on fee · 238× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-44bp on fee · 170× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-44bp on fee · 136× the assets · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-41bp on fee · 1420× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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