Horizon Kinetics Japan Owner Operator ETF (JAPN)

Assets	$19.16M
Expense Ratio	0.85%
PE Ratio	20.77
Shares Out	675,000
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	6,037
Open	28.44
Previous Close	28.79
Day's Range	28.38 - 28.57
52-Week Low	25.00
52-Week High	30.25
Beta	n/a
Holdings	33
Inception Date	May 12, 2025

About JAPN

Fund Home Page

The Horizon Kinetics Japan Owner Operator ETF (JAPN) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in a portfolio of Japanese companies that are owner-operated, or whose owners have significant stakes in their companies. The fund seeks long-term capital growth. JAPN was launched on May 12, 2025 and is issued by Horizon Kinetics.

• Asset Class: Equity
• Category: Japan Stock
• Region: Global
• Stock Exchange: NASDAQ
• Ticker Symbol: JAPN
• ETF Provider: Horizon Kinetics

Top 10 Holdings

56.65% of assets

Name	Symbol	Weight
Furuno Electric Co., Ltd.	6814	8.96%
US BANK MMDA - USBGFS 7	n/a	6.72%
ULS Group, Inc.	3798	6.26%
Japan Elevator Service Holdings Co.,Ltd.	6544	5.53%
Resorttrust, Inc.	4681	5.05%
Visional, Inc.	4194	4.97%
Pan Pacific International Holdings Corporation	7532	4.96%
YONEX Co., Ltd.	7906	4.92%
oRo Co., Ltd.	3983	4.89%
Hikari Tsushin, Inc.	9435	4.40%