Japan Smaller Cap Fund:JOF

    Manage Alerts

    Overview

    As of 4/13/2021. NAV as of 2/18/2021.

     Share
    Price
    NAVPremium/
    Discount
    Current$9.46$10.55-10.33%
    52 Wk Avg$8.48$9.94-14.80%
    52 Wk High$9.90$10.82-8.15%
    52 Wk Low$6.83$8.30-19.75%
    Regular Distribution TypeIncome Only
    Distribution Rate3.64%
    Distribution Amount$0.3441
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To achieve long-term capital appreciation by investing primarily in equity securities traded in the Japanese OTC market. The Fund can invest at least 80% of it total assets in smaller capitalization Japanese equity securities traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrx and other indices or markets determined by Nomura Asset Management USA Inc to be appropriate indices or markets or smaller capitalization companies in Japan.

    Capital Structure

    As of 4/13/2021

    Total Investment Exposure:$298.923M
    Total Common Assets:$298.923M
    Common Shares Outstanding:28,333,893
    Annual Expense Ratios

    As of 2/28/2021

      Per Common Share
    Management Fees0.91%
    Other Expenses:0.30%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.21%
    Fund Management

    Fund Sponsor
    Nomura Asset Management Co Ltd

    Portfolio Managers
    Takeshi Ebihara

    Basics
    Category: Equity-Asia Equity
    Ticker: JOF
    NAV Ticker: XXJOFXX
    Average Daily Volume (shares): 52,784
    Average Daily Volume (USD): $0.456M
    Inception Date: 3/14/1990
    Inception Share Price: $12.00
    Inception NAV: $11.08
    Tender Offer: No
    Term: No
    Fiscal Year End: February 28
    Third Party Links & Reports

    Distributions

    As of 4/13/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 8/31/2020
    $0.0495
    Annualized Distribution Rate on NAV:
    As of 4/13/2021
    3.26%
    Total Return on NAV (12 months):
    As of 4/13/2021
    27.73%
    Total % Portfolio Effectively Leveraged:
    As of 4/13/2021
    0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 4/14/2021

    PeriodAvg Discount
    6 Month-12.96%
    1 Year-14.80%
    3 Year-14.07%
    5 Year-13.29%
    Z-Score

    As of 4/13/2021

    PeriodZStat
    3 Month1.52
    6 Month1.22
    1 Year1.78
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 3/31/2021
    Category: Morningstar US CEF Asia Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.88%0.67%5.00%2.75%
    20204.84%4.88%22.86%21.82%
    201916.63%13.47%19.77%17.57%
    2018-15.37%-15.09%-13.67%-15.54%
    201740.82%37.24%41.49%33.70%
    20164.34%4.28%4.08%4.04%
    201524.02%22.06%-6.16%-4.97%
    2014-0.74%4.19%9.13%9.11%
    201330.23%25.75%3.25%9.20%
    20121.45%-2.75%25.05%20.66%
    2011-18.94%-5.15%-19.12%-16.30%
    201023.67%18.70%26.36%23.72%
    20091.56%1.66%59.88%59.16%
    2008-22.33%-19.01%  
    2007-26.08%-13.29%  
    2006-4.12%-16.22%  
    200532.98%43.24%  
    200411.01%23.48%  
    200378.69%55.69%  
    20028.73%-7.64%  
    20010.05%-17.56%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 3/31/2021
    Category: Morningstar US CEF Asia Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 2/29/2020
    116
    Annual Portfolio Turnover:
    As of 2/28/2021
    30.00%
    Asset Allocation

    As of 5/29/2020 reported by Fund Sponsor

    Top Sectors

    As of 5/29/2020 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)48.62%
    Sensitive (Super Sector)37.73%
    Industrials26.15%
    Consumer Cyclical19.56%
    Basic Materials19.49%
    Defensive (Super Sector)12.83%
    Technology9.00%
    Financial Services8.51%
    Consumer Defensive7.23%
    Healthcare4.07%
    Top Holdings

    As of 5/29/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Amiyaki Tei Co Ltd$8.82M3.33%
    Ryoden Corp$8.77M3.31%
    Osaka Steel Co Ltd$8.64M3.27%
    Okinawa Cellular Telephone Co$6.82M2.58%
    Siix Corp$6.75M2.55%
    Sakata Inx Corp$6.59M2.49%
    Hi-Lex Corp$6.52M2.46%
    Adeka Corp$5.98M2.26%
    NISHIO RENT ALL Co Ltd$5.83M2.20%
    Seiren Co Ltd$5.69M2.15%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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