Horizon Kinetics Japan Owner Operator ETF (JAPN)

Assets	$8.83M
Expense Ratio	0.85%
PE Ratio	21.58
Shares Out	325,000
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	1,026
Open	26.98
Previous Close	26.93
Day's Range	26.98 - 27.33
52-Week Low	25.00
52-Week High	28.35
Beta	n/a
Holdings	32
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
• Region: Global
• Stock Exchange: NASDAQ
• Ticker Symbol: JAPN
• ETF Provider: Horizon Kinetics

Top 10 Holdings

45.63% of assets

Name	Symbol	Weight
Furuno Electric Co., Ltd.	6814	5.76%
Japan Elevator Service Holdings Co.,Ltd.	6544	5.38%
ULS Group, Inc.	3798	5.03%
oRo Co., Ltd.	3983	4.89%
Resorttrust, Inc.	4681	4.40%
Visional, Inc.	4194	4.32%
Hikari Tsushin, Inc.	9435	4.18%
US BANK MMDA - USBGFS 7	n/a	4.08%
Pan Pacific International Holdings Corporation	7532	4.03%
Finatext Holdings Ltd.	4419	3.58%