Japan Smaller Capitalization Fund

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JOF : NYSE : Financial
$10.1801 -0.1699 | -1.64%
Today's Range: 10.18 - 10.24
Avg. Daily Volume: 37900.0
01/17/17 - 3:57 PM ET
  • Last Ratings Update:12/31/2016
  • Price as of 12/31/2016 :$9.72
  • Net Assets:$297.55 Million
  • NAV:$11.18
  • Premium-13.06%
  • Peer Rank:39 of 346
  • Investment Rating:B-
  • Performance:C+
  • RiskB-
JOF Price Chart


We rate Japan Smaller Cap Fund Inc. at B-. 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.


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 2.08% since inception. More recently, the fund has generated a total return of 10.66% in the last five years, 9.11% in the last three years, and 4.23% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 70% of them. It has also outpaced 75% of its competitors on a three year basis and 38% of them over the last year for the period ending 12/31/2016. On a year to date basis, JOF has returned 4.23%.

Downside risk has been below average. JOF has a draw down risk of -16.77%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.4%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 12/31/2016, the fund was trading at a price of $9.72, which is 8.6% below its 52-week high of $10.63 and 2.1% above its 52-week low of $9.52.

High expense ratio hinders performance. On total assets of $297.55 million, JOF maintains a high expense ratio compared to its Non-US Equity peers of 1.11% 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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