Japan Smaller Capitalization FundFind Ratings Reports
- Last Ratings Update:09/30/2016
- Price as of 09/30/2016 :$10.55
- Net Assets:$297.55 Million
- Peer Rank:21 of 325
- Investment Rating:B-
We rate Japan Smaller Cap Fund Inc. at B-. 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 2.06% since inception. More recently, the fund has generated a total return of 10.27% in the last five years, 9.38% in the last three years, and 13.48% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 56% of them. It has also outpaced 69% of its competitors on a three year basis and 54% of them over the last year for the period ending 9/30/2016. On a year to date basis, JOF has returned 3.13%.
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 12.3%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 9/30/2016, the fund was trading at a price of $10.55, which is 0.9% below its 52-week high of $10.65 and 4.9% above its 52-week low of $10.06.
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.