Japan Smaller Capitalization Fund

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JOF : NYSE : Financial
$11.35 | %
Today's Range: 11.33 - 11.36
Avg. Daily Volume: 35200.0
05/26/17 - 3:59 PM ET
  • Last Ratings Update:04/30/2017
  • Price as of 04/30/2017 :$10.94
  • Net Assets:$297.55 Million
  • NAV:$12.3
  • Premium-11.06%
  • Peer Rank:23 of 353
  • Investment Rating:A
  • Performance:B+
  • RiskB-
JOF Price Chart


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.


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 2.50% since inception. More recently, the fund has generated a total return of 11.93% in the last five years, 14.54% in the last three years, and 24.83% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 74% of them. It has also outpaced 94% of its competitors on a three year basis and 86% of them over the last year for the period ending 4/30/2017. On a year to date basis, JOF has returned 12.51%.

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 12.2%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 4/30/2017, the fund was trading at a price of $10.94, which is 0.2% below its 52-week high of $10.96 and 3.0% above its 52-week low of $10.62.

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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