Japan Smaller Capitalization Fund

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JOF : NYSE : Financial
$10.48 | %
Today's Range: 10.41 - 10.48
Avg. Daily Volume: 37,300
09/23/16 - 4:02 PM ET
  • Last Ratings Update:08/31/2016
  • Price as of 08/31/2016 :$10.09
  • Net Assets:$297.55 Million
  • NAV:$11.5
  • Premium-12.26%
  •   
  • Peer Rank:47 of 335
  • Investment Rating:C+
  • Performance:C+
  • RiskB-
JOF Price Chart

SUMMARY


We rate Japan Smaller Cap Fund Inc. at C+. 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 1.89% since inception. More recently, the fund has generated a total return of 9.64% in the last five years, 10.36% in the last three years, and 12.62% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 55% of them. It has also outpaced 67% of its competitors on a three year basis and 51% of them over the last year for the period ending 8/31/2016. On a year to date basis, JOF has returned -0.98%.

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 13.1%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 8/31/2016, the fund was trading at a price of $10.09, which is 2.9% below its 52-week high of $10.39 and 1.4% above its 52-week low of $9.95.

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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