Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETFJAPN

Horizon KineticsInternationalRegion & Country#480 of 521 by YTD

$25.01

−1.0% last session

−2.7% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 6, 2026JAPNS&P 500 · VOOInternational average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−1.0%	−3.0%	−1.9%	−2.7%	−8.6%	—	—	0.0%
Peer average	+0.1%	−2.5%	−5.9%	+6.2%	+10.1%	+66.1%	+53.1%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $26M
Expense ratio: 0.85%
Distribution yield: 0.2%
NAV: $26.24
Volume: 6K
Avg. volume 30D: 3K
High today: $25.14
Low today: $24.40
Previous close: $25.25
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+42.5%$1.7B

#2EWYiShares+40.9%$19.6B

#3EWTiShares+40.5%$9.2B

#4FLTWFranklin Templeton+40.2%$4.2B

#5MKORMatthews Asia+36.9%$113M

#6COLOGlobal X+32.0%$176M

#7ENORiShares+28.0%$332M

#8NORWGlobal X+27.0%$93.7M

#106JAPNHorizon Kinetics−2.7%$25.6M

End-of-day Nov 6, 2026 · 129 Region & country ETFs by YTD

$10,000 in JAPN

$10,000 in JAPN became

$10,000

In the S&P 500 (VOO)

$12,751

Total return, dividends in · May 13, 2025 – Nov 6, 2026 · S&P 500 uses VOO

JAPN’s Top Holdings

Today

6814.TFuruno Electric10.2%6080.T5.0%4681.T4.3%6238.T4.2%4194.T4.1%2222.T4.1%4733.T4.0%4419.T3.9%6544.T3.9%9435.T3.7%3798.T3.7%2767.T3.7%6036.T3.6%3774.T3.4%7532.T3.1%6460.T3.1%3983.T2.9%7906.T2.7%7818.T2.3%9467.T2.3%7849.T2.0%3791.T1.9%15 more

TechnologyConsumer CyclicalCommunication ServicesIndustrialsConsumer DefensiveFinancial ServicesOther

Horizon Kinetics JAPN · 37 holdings · tile size = share of the fund · as of Nov 6, 2026

What JAPN Holds

Today

Technology33.0%

6814.T 10.2 · 4733.T 4.0 · 4419.T 3.9 · 6460.T 3.1 · 3132.T 1.5 · 6315.T 1.2 · 6323.T

Consumer Cyclical18.0%

4681.T 4.3 · 6238.T 4.2 · 7532.T 3.1 · 8136.T 1.9

Communication Services16.8%

4194.T 4.1

Industrials10.4%

6544.T 3.9 · 9435.T 3.7

Consumer Defensive8.7%

2222.T 4.1

Financial Services6.5%

6080.T 5.0 · JPY

Basic Materials3.8%

[…]

Horizon Kinetics JAPN · share of the fund by sector · as of Nov 6, 2026

Furuno’s Share of JAPN

Today

10.2%

$102 of every $1,000 in JAPN is Furuno

Furuno held by JAPN

$2.6M

Horizon Kinetics JAPN · each square = $10 of $1,000 · as of Nov 6, 2026

JAPN’s Share of Region & Country ETFs

Today

0.0%

of the $257B in 134 Region & country ETFs

JAPN$25.6M0.0%

VGK$29.6B11.5%

EWJ$22.5B8.7%

131 others$205B79.7%

Region & country ETF AUM · Nov 6, 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 6, 2026

Inside JAPN

35 holdings · as of Nov 6, 2026

JAPN

Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETF

Today

Technology33.0%6814.T10.2%4733.T4.0%4419.T3.9%Consumer Cyclical18.0%4681.T4.3%6238.T4.2%7532.T3.1%Communication Services16.8%Industrials10.4%6544.T3.9%9435.T3.7%Consumer Defensive8.7%2222.T4.1%Financial Services6.5%6080.T5.0%Other36.0%3798.T3.7%2767.T3.7%6036.T3.6%3774.T3.4%3983.T2.9%7906.T2.7%

Technology33.0%6814.T10.2%1 moreConsumer Cyclical18.0%4681.T4.3%6238.T4.2%Communication Services16.8%Industrials10.4%Consumer Defensive8.7%Financial Services6.5%6080.T5.0%Other36.0%10 more

#	Ticker	Company	Weight ▼
1	6814.T	Furuno Electric	10.17%
2	6080.T	M&A Capital Partners	4.98%
3	4681.T	Resorttrust	4.26%
4	6238.T	Furyu	4.19%
5	4194.T	Visional	4.06%
6	2222.T	Kotobuki Spirits	4.05%
7	4733.T	OBIC Business Consultants	4.04%
8	4419.T	Finatext	3.95%
9	6544.T	Japan Elevator Service	3.92%
10	9435.T	Hikari Tsushin	3.70%

See all 37 holdings ↓

TechnologyConsumer CyclicalCommunication ServicesIndustrialsConsumer DefensiveFinancial ServicesBasic MaterialsHealthcareOther

Horizon Kinetics JAPN · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 78.0%

All JAPN Holdings

37 holdings · as of Nov 6, 2026

JAPN

JAPN’s Holdings

Today

#
1	6814.TFuruno Electric	Technology	10.17%	$1,016.53	55K	$2.6M
2	6080.TM&A Capital Partners	Financial Services	4.98%	$498.39	46K	$1.3M
3	4681.TResorttrust	Consumer Cyclical	4.26%	$425.81	94K	$1.1M
4	6238.TFuryu	Consumer Cyclical	4.19%	$418.61	113K	$1.1M
5	4194.TVisional	Communication Services	4.06%	$406.30	16K	$1.0M
6	2222.TKotobuki Spirits	Consumer Defensive	4.05%	$405.06	55K	$1.0M
7	4733.TOBIC Business Consultants	Technology	4.04%	$403.99	16K	$1.0M
8	4419.TFinatext	Technology	3.95%	$394.87	125K	$1.0M
9	6544.TJapan Elevator Service	Industrials	3.92%	$391.63	101K	$1.0M
10	9435.THikari Tsushin	Industrials	3.70%	$370.29	3,900	$947K
11	3798.TULS Group	—	3.70%	$369.71	273K	$946K
12	2767.TTsuburaya Fields	—	3.68%	$368.16	59K	$942K
13	6036.TKeePer Technical Laboratory	—	3.58%	$357.83	78K	$916K
14	3774.TInternet Initiative Japan	—	3.37%	$336.88	39K	$862K
15	7532.TPan Pacific International	Consumer Cyclical	3.08%	$308.24	156K	$789K

Horizon Kinetics JAPN · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

JAPN

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

YTD


VGK	VanguardRead Desk	0.06%	+6.6%	+12.5%	$29.6B
EWJ	iSharesRead Desk	0.49%	+9.9%	+11.2%	$22.5B
EWY	iSharesRead Desk	0.59%	+40.9%	+45.0%	$19.6B
BBJP	J.P. MorganRead Desk	0.19%	+8.6%	+10.4%	$18.7B
BBCA	J.P. MorganRead Desk	0.19%	+12.6%	+22.2%	$12.2B
JAPN	Horizon KineticsThis fundRead Desk	0.85%	−2.7%	−8.6%	$26M

Region & country peers · YTD and past-year returns · as of Nov 7, 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

+6.6%

−2.7%

VGK wins+9.3 pts

Past year

+12.5%

−8.6%

VGK wins+21.1 pts

Fee

0.06%

0.85%

VGK winslower fee

Yield

3.0%

0.2%

VGK wins+2.7 pts

AUM

$29.6B

$25.6M

VGK1156.8× more

4–0VGK wins

Vanguard VGK and Horizon Kinetics JAPN · year-to-date · as of Nov 7, 2026 · AUM not scored

JAPN vs VOO

YTD

JAPN · Listed Funds Trust - Horizon Kinetics Japan Owner Operator

−2.7%

VOO · S&P 500

+8.7%

Gap

11.4 pts

Horizon Kinetics JAPN and Vanguard VOO · YTD total return · as of Nov 7, 2026

JAPN vs Its Peer Average

YTD

JAPNAvsBPeer average

1D−1.0%+0.1%

1M−3.0%−2.5%

3M−1.9%−5.9%

YTD−2.7%+6.2%

1Y−8.6%+10.1%

3Y[…]+66.1%

5Y[…]+53.1%

1–4Peer average wins

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

The Details

JAPN

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y20.30%

Deepest drop · 1Y−19.6%

Lowest point · 5Y−12.1%

52-week range

$25.01

$21.98−8.8% from the high$27.42

Horizon Kinetics JAPN · past-year price moves · as of Nov 7, 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 7, 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$26.24

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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