Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETFJAPN

Horizon KineticsInternationalRegion & Country#468 of 521 by YTD

$25.81

+0.4% last session

+0.4% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 5, 2026JAPNS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	+0.4%	+0.5%	+0.4%	−5.4%	—	—	+3.2%
Peer average	+2.1%	−1.9%	−3.0%	+9.2%	+13.0%	+73.3%	+57.3%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $25M
Expense ratio: 0.85%
Distribution yield: 0.2%
NAV: $25.46
Volume: 6K
Avg. volume 30D: 3K
High today: $25.95
Low today: $25.67
Previous close: $25.70
52-week high: $27.42
52-week low: $21.98
Our risk indicator: 4/5

JAPN in One Breath

JAPN Among Region & Country ETFs

YTD

#1FLKRFranklin Templeton+57.6%$1.8B

#2EWYiShares+56.5%$22.7B

#3MKORMatthews Asia+54.0%$120M

#4FLTWFranklin Templeton+53.1%$4.3B

#5EWTiShares+52.8%$10.4B

#6COLOGlobal X+33.5%$175M

#7ENORiShares+32.4%$337M

#8NORWGlobal X+31.7%$93.3M

#98JAPNHorizon Kinetics+0.4%$24.8M

End-of-day Nov 5, 2026 · 129 Region & country ETFs by YTD

$10,000 in JAPN

$10,000 in JAPN became

$10,096

In the S&P 500 (VOO)

$12,713

Total return, dividends in · May 13, 2025 – Nov 5, 2026 · S&P 500 uses VOO

JAPN’s Top Holdings

Today

6814.TFuruno Electric10.9%6080.T4.9%4681.T4.2%4419.T4.1%6238.T4.1%4733.T4.0%6544.T4.0%4194.T3.8%3798.T3.7%9435.T3.6%6036.T3.6%2767.T3.6%2222.T3.6%3774.T3.4%6460.T2.9%7532.T2.9%3983.T2.9%7906.T2.6%9467.T2.3%7818.T2.2%7849.T2.0%3791.Other

TechnologyConsumer CyclicalCommunication ServicesIndustrialsConsumer DefensiveFinancial ServicesOther

Horizon Kinetics JAPN · 0 holdings · tile size = share of the fund · as of Nov 4, 2026

What JAPN Holds

Today

Technology33.0%

6814.T 10.9 · 4419.T 4.1 · 4733.T 4.0 · 6460.T 2.9 · 3132.T 1.8 · 6315.T 1.4 · 6323.T

Consumer Cyclical18.0%

4681.T 4.2 · 6238.T 4.1 · 7532.T 2.9 · 8136.T 1.8

Communication Services16.8%

4194.T 3.8

Industrials10.4%

6544.T 4.0 · 9435.T 3.6

Consumer Defensive8.7%

2222.T 3.6

Financial Services6.5%

6080.T 4.9 · JPY

Basic Materials3.8%

[…]

Horizon Kinetics JAPN · share of the fund by sector · as of Nov 4, 2026

Furuno’s Share of JAPN

Today

10.9%

$109 of every $1,000 in JAPN is Furuno

Furuno held by JAPN

$2.7M

Horizon Kinetics JAPN · each square = $10 of $1,000 · as of Nov 4, 2026

JAPN’s Share of Region & Country ETFs

Today

0.0%

of the $264B in 134 Region & country ETFs

JAPN$24.8M0.0%

VGK$29.6B11.2%

EWJ$23.6B9.0%

131 others$211B79.8%

Region & country ETF AUM · Nov 5, 2026

JAPN Fee per $100 vs Peers

Today

$0.85a year
per $100

$85 a year on $10,000

VGK$0.06

BBJP$0.19

BBCA$0.19

EWJ$0.49

EWY$0.59

JAPN$0.85

Expense ratio · Region & country peers · Nov 5, 2026

Inside JAPN

as of Nov 4, 2026

JAPN

Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETF

Today

Technology33.0%6814.T10.9%4419.T4.1%4733.T4.0%6460.T2.9%Consumer Cyclical18.0%4681.T4.2%6238.T4.1%7532.T2.9%Communication Services16.8%Industrials10.4%6544.T4.0%Consumer Defensive8.7%Financial Services6.5%6080.T4.9%Other35.8%3798.T3.7%6036.T3.6%2767.T3.6%3774.T3.4%3983.T2.9%

Technology33.0%6814.T10.9%1 moreConsumer Cyclical18.0%4681.T4.2%Communication Services16.8%Industrials10.4%Consumer Defensive8.7%Financial Services6.5%Other35.8%10 more

#	Ticker	Company	Weight ▼
1	6814.T	Furuno Electric	10.93%
2	6080.T	M&A Capital Partners	4.85%
3	4681.T	Resorttrust	4.22%
4	4419.T	Finatext	4.11%
5	6238.T	Furyu	4.08%
6	4733.T	OBIC Business Consultants	3.98%
7	6544.T	Japan Elevator Service	3.97%
8	4194.T	Visional	3.76%
9	3798.T	ULS Group	3.70%
10	9435.T	Hikari Tsushin	3.62%

TechnologyConsumer CyclicalCommunication ServicesIndustrialsConsumer DefensiveFinancial ServicesBasic MaterialsHealthcareOther

Horizon Kinetics JAPN · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 77.2%

How It Compares

JAPN

Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETF’s Peers

YTD


VGK	VanguardRead Desk	0.06%	+10.2%	+16.0%	$29.6B
EWJ	iSharesRead Desk	0.49%	+16.9%	+17.0%	$23.6B
EWY	iSharesRead Desk	0.59%	+56.5%	+54.3%	$22.7B
BBJP	J.P. MorganRead Desk	0.19%	+15.2%	+16.0%	$18.6B
BBCA	J.P. MorganRead Desk	0.19%	+16.0%	+24.8%	$11.8B
JAPN	Horizon KineticsThis fundRead Desk	0.85%	+0.4%	−5.4%	$25M

Region & country peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put JAPN head to head with VGK →

VGK vs JAPN

YTD

VGKVanguard · Region & countryJAPNHorizon Kinetics · Region & country

Year to date

+10.2%

+0.4%

VGK wins+9.8 pts

Past year

+16.0%

−5.4%

VGK wins+21.4 pts

Fee

0.06%

0.85%

VGK winslower fee

Yield

2.9%

0.2%

VGK wins+2.6 pts

AUM

$29.6B

$24.8M

VGK1192.4× more

4–0VGK wins

Vanguard VGK and Horizon Kinetics JAPN · year-to-date · as of Nov 5, 2026 · AUM not scored

JAPN vs VOO

YTD

JAPN · Listed Funds Trust - Horizon Kinetics Japan Owner Operator

+0.4%

VOO · S&P 500

+13.4%

Gap

13.0 pts

Horizon Kinetics JAPN and Vanguard VOO · YTD total return · as of Nov 5, 2026

JAPN vs Its Peer Average

YTD

JAPNAvsBPeer average

1D+0.4%+2.1%

1M+0.4%−1.9%

3M+0.5%−3.0%

YTD+0.4%+9.2%

1Y−5.4%+13.0%

3Y[…]+73.3%

5Y[…]+57.3%

2–3Peer average wins

133 Region & country peers · each row scaled to its leader

The Details

JAPN

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y20.19%

Deepest drop · 1Y−19.6%

Lowest point · 5Y−12.1%

52-week range

$25.81

$21.98−5.9% from the high$27.42

Horizon Kinetics JAPN · past-year price moves · as of Nov 5, 2026

JAPN

Fund Facts

Today

2025launched May 12

Tracks[…]

Exchange · CUSIPNASDAQ · 53656H835

StructureETF

Leverage1x

Cost on $10,000$85 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Horizon Kinetics JAPN · fund facts · as of Nov 5, 2026

JAPN

Payouts by Year

$0.0620per share, Dec 2025

Distribution yield0.2%

Paid[…]

Latest ex-date · paidDec 23 · Dec 24, 2025

1 payouts added up$0.0620 a share

Horizon Kinetics JAPN · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗

Trading & Liquidity

Net asset value$25.46

Premium / discount[…]

Median spread · 30D[…]

Volume today6K

Average volume · 30D3K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.85%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$85.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 23, 2025	Dec 24, 2025	$0.0620

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