Horizon Kinetics Japan Owner Operator ETF (JAPN)

Assets	$23.82M
Expense Ratio	0.85%
PE Ratio	17.12
Shares Out	1.03M
Dividend (ttm)	$0.06
Dividend Yield	0.27%
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	n/a
Payout Ratio	4.57%

Volume	13,828
Open	23.09
Previous Close	23.14
Day's Range	22.50 - 23.09
52-Week Low	21.98
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

50.94% of assets

Name	Symbol	Weight
Furuno Electric Co., Ltd.	6814	11.04%
US BANK MMDA - USBGFS 7	n/a	6.68%
Resorttrust, Inc.	4681	4.61%
Japan Elevator Service Holdings Co.,Ltd.	6544	4.56%
Hikari Tsushin, Inc.	9435	4.18%
M&A Capital Partners Co.,Ltd.	6080	4.15%
FURYU Corporation	6238	4.08%
Finatext Holdings Ltd.	4419	3.93%
Pan Pacific International Holdings Corporation	7532	3.91%
ULS Group, Inc.	3798	3.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$0.0617	Dec 24, 2025