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About Lazard Japanese Equity ETF
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Inception date
Apr 7, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Lazard Asset Management LLC
Distributor
Foreside Fund Services LLC
JPY offers a way to access opportunities to the Japanese equity market, investing in a range of equity-related securities, including common and preferred stocks, warrants, and rights. Portfolio construction is based on an active, research-based approach that identifies sectors with high growth potential at different stages of the economic cycle. Rather than focusing on a specific industry or market capitalization, the fund adapts to changing market conditions. The fund may invest in ETFs. Additionally, it may use futures and swaps for hedging purposes or boost returns. The fund may hedge exposure to the Japanese yen relative to the US dollar through forward contracts when deemed appropriate.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Producer Manufacturing
Stocks97.82%
Finance21.50%
Producer Manufacturing20.62%
Consumer Durables9.18%
Electronic Technology8.16%
Process Industries6.61%
Retail Trade4.88%
Health Technology4.36%
Communications4.04%
Consumer Non-Durables3.19%
Distribution Services3.00%
Technology Services2.72%
Transportation2.67%
Utilities2.09%
Industrial Services1.79%
Energy Minerals1.54%
Consumer Services1.02%
Non-Energy Minerals0.44%
Bonds, Cash & Other2.18%
Cash2.18%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JPY invests in stocks. The fund's major sectors are Finance, with 21.50% stocks, and Producer Manufacturing, with 20.62% of the basket. The assets are mostly located in the Asia region.
JPY top holdings are Mitsubishi UFJ Financial Group, Inc. and Sony Group Corporation, occupying 4.80% and 4.37% of the portfolio correspondingly.
No, JPY doesn't pay dividends to its holders.
JPY shares are issued by Lazard, Inc. under the brand Lazard. The ETF was launched on Apr 7, 2025, and its management style is Active.
JPY expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
JPY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JPY invests in stocks.
JPY trades at a premium (0.44%) meaning the ETF is trading at a higher price than the calculated NAV.