IJP AU
IJP ETF: How Ishares MSCI Japan ETF Works
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Overview
The iShares MSCI Japan ETF (IJP) gives Australian investors exposure to Japanese shares through an exchange-traded fund. Its profile combines exposure to well-known financial, industrial and technology companies, with performance figures that have been positive across the periods reported. Those returns sit alongside the risks of a concentrated country allocation and changing market conditions.
Category
The fund’s Japan-focused equity exposure combines companies across financial services, technology, industrials, consumer businesses and communications. This gives investors access to a range of business types while keeping the investment concentrated in one national market.
The supplied performance figures show positive returns across the reported periods: 17.57% year to date, 20.437% over one year and 10.159% annualised over ten years. These figures describe past performance, not a forecast. Japan’s varied mix of financial, technology and industrial companies gives the fund a broad sector spread within a single national market.
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Key facts
- Ticker
- IJP
- Exchange
- AU
- ISIN
- AU000000IJP5
- Category / focus
- Japan Equity
- Provider
- iShares
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 1996-03-12
- Use of income
- Half-yearly
- UCITS
- No
Costs
- TER
- 0.47%
- Ongoing charge
- 0.47%
- Net expense ratio
- 0.47%
- AUM
- 6
The reported ongoing charge is 0.47%. This is a recurring fund cost and does not include brokerage or other costs an investor may incur when buying or selling.
Performance
- YTD
- 11.7%
- 1 year
- 8.7%
- 3 years
- 15.5%
- 5 years
- 9.6%
- 10 years
- 9.1%
- Dividend yield
- 4.89%
- Top 10 concentration
- 29.4%
Holdings
-
Mitsubishi UFJ Financial Group Inc4.51%
-
Toyota Motor Corp3.75%
-
Advantest Corp.3.02%
-
Recruit Holdings Co Ltd2.97%
-
Sumitomo Mitsui Financial2.82%
-
Sony Corp2.75%
-
Hitachi Ltd2.84%
-
Tokyo Electron Limited2.52%
-
Mizuho Financial Group Inc2.10%
-
Softbank Group Corp.2.13%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio spans several sectors, with technology, industrials and financial services among the largest reported allocations. Its leading holdings include Mitsubishi UFJ Financial Group, Toyota Motor and Sumitomo Mitsui Financial. The top ten account for 30.189% of the portfolio, so the fund is diversified across companies but still has meaningful exposure to its largest positions.
Sectors
-
Industrials23.4%
-
Financial Services19.8%
-
Technology18.9%
-
Consumer Cyclicals13.2%
-
Communication Services9.3%
-
Healthcare6.1%
-
Consumer Defensive3.4%
-
Basic Materials2.9%
-
Real Estate1.9%
-
Utilities1.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
IJP may interest Australian investors researching a focused allocation to Japanese shares and who are comfortable with the risks of a single-country equity exposure. This is general information, not a personal recommendation.
Key risks
IJP concentrates its exposure in Japanese shares, so its returns may diverge from broader global or Australian share markets. Technology, industrials and financial services form substantial parts of the reported sector mix, while the top ten holdings represent 30.189% of assets. Share prices can fall, distributions may vary, and currency movements can affect an Australian investor’s outcome.
FAQ
What does IJP invest in?
IJP provides exposure to Japanese shares. Its reported sector mix has sizeable technology, industrials and financial services allocations.
Does IJP pay distributions?
The supplied profile lists half-yearly distributions and a dividend yield of 5.157%. Yield figures can change, and past distributions do not guarantee future payments.
What are IJP’s main risks?
The fund is focused on one country, and its sector and largest-company exposures can affect returns. As with share investments generally, its value and distributions can fluctuate.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
