Japan Smaller Capitalization Fund

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JOF : NYSE : Financial
$10.08 | %
Today's Range: 10.01 - 10.10
Avg. Daily Volume: 32,400
07/22/16 - 3:53 PM ET
  • Last Ratings Update:06/30/2016
  • Price as of 06/30/2016 :$9.79
  • Net Assets:$297.55 Million
  • NAV:$11.54
  • Premium-15.16%
  •   
  • Peer Rank:19 of 318
  • Investment Rating:C+
  • Performance:C+
  • RiskB
JOF Price Chart

SUMMARY


We rate Japan Smaller Cap Fund Inc. at C+. 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 greater than 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 above 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 5.81% in the last five years, 7.24% in the last three years, and -2.50% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 52% of them. It has also outpaced 58% of its competitors on a three year basis and 42% of them over the last year for the period ending 6/30/2016. On a year to date basis, JOF has returned -4.11%.

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 13.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $9.79, which is 3.1% below its 52-week high of $10.10 and 3.8% above its 52-week low of $9.43.

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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