- Last Ratings Update:10/31/2015
- Price as of 10/31/2015 :$10.50
- Net Assets:$311.09 Million
- Peer Rank:8 of 302
- Investment Rating:A+
We rate Japan Smaller Cap Fund Inc. at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 80% of its assets in stocks and may be considered for investors seeking a Non-US Equity strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Japan Smaller Cap Fund Inc. has returned an annual rate of 1.78% since inception. More recently, the fund has generated a total return of 6.57% in the last five years, 16.25% in the last three years, and 10.76% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 54% of them. It has also outpaced 86% of its competitors on a three year basis and 89% of them over the last year for the period ending 10/31/2015. On a year to date basis, JOF has returned 17.06%.
Downside risk has been below average. JOF has a draw down risk of -7.97%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.6%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 10/31/2015, the fund was trading at a price of $10.50, which is 1.7% below its 52-week high of $10.68 and 4.9% above its 52-week low of $10.01.
High expense ratio hinders performance. On total assets of $311.09 million, JOF maintains a high expense ratio compared to its Non-US Equity peers of 1.13% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As JOF is a closed end fund, it has no front end or back end load.
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