HJPN AU

Betashares Japan Currency Hedged ETF Guide (HJPN): What Is It All About?

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Overview

BetaShares Japan Currency Hedged ETF (HJPN) gives Australian investors exposure to Japanese equities with currency hedging. Its recent supplied returns have been strong, but the fund remains exposed to movements in Japanese share prices and has a notable allocation to a handful of large holdings and sectors.

Category

HJPN offers exposure to Japanese companies through an Australian-listed, currency-hedged ETF. Its holdings include financial groups, manufacturers, technology companies and consumer businesses, giving the portfolio a mix of sectors while remaining focused on Japan.

HJPN’s supplied return figures show strong recent performance: 33.601% year to date and 41.477% over one year, alongside annualised-looking figures of 30.952% over three years, 22.958% over five years and 16.29% over ten years. These are historical results, not a guide to future performance. For Australian-dollar investors, currency hedging changes how exchange-rate movements feed into returns but does not remove the ups and downs of the underlying shares.

 

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Key facts

Ticker
HJPN
Exchange
AU
ISIN
AU00000HJPN5
Provider
BetaShares Capital Ltd
Domicile
Australia
Currency
AUD
Inception date
2016-05-10
Use of income
Half-yearly
UCITS
No

Costs

TER
0.00%
Ongoing charge
0.00%
Net expense ratio
0.00%
AUM
355.9M

The supplied snapshot reports a 0% TER, 0% ongoing charge and 0% net expense ratio. These are the figures provided for the fund and should not be read as confirmation that investing or trading has no other costs.

Performance

YTD
33.6%
1 year
41.5%
3 years
31.0%
5 years
23.0%
10 years
16.3%
Dividend yield
6.26%
Top 10 concentration
38.5%

Holdings

  1. Mitsubishi UFJ Financial Group Inc6.10%
    Ticker
    8306
    Sector
    Financial Services
    Country
    Japan

  2. Toyota Motor Corp5.24%
    Ticker
    7203
    Sector
    Consumer Cyclical
    Country
    Japan

  3. Recruit Holdings Co Ltd3.64%
    Ticker
    6098
    Sector
    Communication Services
    Country
    Japan

  4. Sumitomo Mitsui Financial3.78%
    Ticker
    8316
    Sector
    Financial Services
    Country
    Japan

  5. Tokyo Electron Limited3.84%
    Ticker
    8035
    Sector
    Technology
    Country
    Japan

  6. Sony Corp3.52%
    Ticker
    6758
    Sector
    Technology
    Country
    Japan

  7. Hitachi Ltd3.51%
    Ticker
    6501
    Sector
    Industrials
    Country
    Japan

  8. Advantest Corp.3.44%
    Ticker
    6857
    Sector
    Technology
    Country
    Japan

  9. Mizuho Financial Group Inc2.90%
    Ticker
    8411
    Sector
    Financial Services
    Country
    Japan

  10. Mitsubishi Corp.2.57%
    Ticker
    8058
    Sector
    Industrials
    Country
    Japan

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The portfolio spans Japanese financials, industrials, technology and consumer companies. Financial Services and Industrials are each around a quarter of sector exposure, with Technology also a substantial allocation. The largest displayed holding is Mitsubishi UFJ Financial Group at 6.104%, followed by Toyota Motor at 5.241%; the top ten holdings together represent 38.542% of the portfolio.

Regions

  • Japan100.0%

  • Africa0.0%

  • Canada0.0%

  • Eurozone0.0%

  • Australasia0.0%

  • Middle East0.0%

  • Latin America0.0%

  • United States0.0%

  • United Kingdom0.0%

  • Asia – Emerging0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Asset allocation

  • Stock100.0%

  • Bond0.0%

  • Cash0.0%

  • Other0.0%

  • Property0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

  • Industrials24.7%

  • Technology24.7%

  • Financial Services16.0%

  • Consumer Cyclicals13.6%

  • Healthcare6.8%

  • Communication Services5.8%

  • Basic Materials4.5%

  • Consumer Defensive3.6%

  • Energy0.5%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

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Risks

Who it may suit

HJPN may be relevant to investors researching Japanese equities who also want currency-hedged exposure in an Australian-listed fund. Its country and equity concentration, currency-hedging approach and potential for fluctuating returns are important considerations; this is general information, not personal investment advice.

Key risks

The fund is concentrated in one national equity market, so country-specific developments may affect returns. Its significant exposure to financials, industrials and technology can also make results sensitive to conditions affecting those sectors. Currency hedging does not prevent losses from falling share prices, and the displayed historical returns and dividend yield may not persist.

FAQ

What does HJPN invest in?

HJPN provides exposure to Japanese shares and is currency hedged, as indicated by the fund’s name. The supplied allocation data shows its equity exposure is entirely in Japan.

How often does HJPN distribute income?

The supplied information lists distributions as half-yearly. The displayed dividend yield is 6.261%; yield and distributions can change.

What are HJPN’s reported costs?

The supplied figures report a 0% TER, ongoing charge and net expense ratio. These figures may not capture every cost associated with investing or trading.

*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.

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