Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETFJAPN

Horizon KineticsInternationalRegion & Country#471 of 521 by YTD

$25.25

−2.2% last session

−1.8% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 7, 2026 – Nov 5, 2026JAPNS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−2.2%	−2.0%	−1.7%	−1.8%	−6.9%	—	—	+1.0%
Peer average	−2.7%	−3.2%	−6.2%	+6.2%	+11.0%	+67.7%	+52.0%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $25M
Expense ratio: 0.85%
Distribution yield: 0.2%
NAV: $25.46
Volume: 3K
Avg. volume 30D: 3K
High today: $26.12
Low today: $25.25
Previous close: $25.81
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+38.0%$1.8B

#2EWYiShares+35.4%$22.7B

#3EWTiShares+35.2%$10.4B

#4FLTWFranklin Templeton+35.1%$4.3B

#5MKORMatthews Asia+34.4%$120M

#6COLOGlobal X+32.0%$175M

#7ENORiShares+31.2%$337M

#8NORWGlobal X+29.5%$93.3M

#104JAPNHorizon Kinetics−1.8%$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 Electric10.7%6080.T4.8%4681.T4.2%6238.T4.1%4419.T4.1%4733.T4.0%6544.T3.9%4194.T3.9%3798.T3.8%2222.T3.7%9435.T3.7%2767.T3.7%6036.T3.6%3774.T3.4%6460.T3.0%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 5, 2026

What JAPN Holds

Today

Technology33.0%

6814.T 10.7 · 4419.T 4.1 · 4733.T 4.0 · 6460.T 3.0 · 3132.T 1.7 · 6315.T 1.4 · 6323.T

Consumer Cyclical18.0%

4681.T 4.2 · 6238.T 4.1 · 7532.T 2.9 · 8136.T 1.9

Communication Services16.8%

4194.T 3.9

Industrials10.4%

6544.T 3.9 · 9435.T 3.7

Consumer Defensive8.7%

2222.T 3.7

Financial Services6.5%

6080.T 4.8 · JPY

Basic Materials3.8%

[…]

Horizon Kinetics JAPN · share of the fund by sector · as of Nov 5, 2026

Furuno’s Share of JAPN

Today

10.7%

$107 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 5, 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 5, 2026

JAPN

Listed Funds Trust - Horizon Kinetics Japan Owner Operator ETF

Today

Technology33.0%6814.T10.7%4419.T4.1%4733.T4.0%Consumer Cyclical18.0%4681.T4.2%6238.T4.1%7532.T2.9%Communication Services16.8%Industrials10.4%6544.T3.9%Consumer Defensive8.7%Financial Services6.5%6080.T4.8%Other35.9%3798.T3.8%2767.T3.7%6036.T3.6%7906.T2.6%2 more

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

#	Ticker	Company	Weight ▼
1	6814.T	Furuno Electric	10.75%
2	6080.T	M&A Capital Partners	4.82%
3	4681.T	Resorttrust	4.23%
4	6238.T	Furyu	4.07%
5	4419.T	Finatext	4.06%
6	4733.T	OBIC Business Consultants	3.98%
7	6544.T	Japan Elevator Service	3.93%
8	4194.T	Visional	3.92%
9	3798.T	ULS Group	3.78%
10	2222.T	Kotobuki Spirits	3.75%

TechnologyConsumer CyclicalCommunication ServicesIndustrialsConsumer DefensiveFinancial ServicesBasic MaterialsHealthcareOther

Horizon Kinetics JAPN · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 77.5%

How It Compares

JAPN

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

YTD


VGK	VanguardRead Desk	0.06%	+8.0%	+14.9%	$29.6B
EWJ	iSharesRead Desk	0.49%	+9.9%	+11.1%	$23.6B
EWY	iSharesRead Desk	0.59%	+35.4%	+40.6%	$22.7B
BBJP	J.P. MorganRead Desk	0.19%	+8.7%	+10.5%	$18.6B
BBCA	J.P. MorganRead Desk	0.19%	+13.0%	+23.7%	$11.8B
JAPN	Horizon KineticsThis fundRead Desk	0.85%	−1.8%	−6.9%	$25M

Region & country peers · YTD and past-year returns · as of Nov 6, 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

+8.0%

−1.8%

VGK wins+9.8 pts

Past year

+14.9%

−6.9%

VGK wins+21.8 pts

Fee

0.06%

0.85%

VGK winslower fee

Yield

2.9%

0.2%

VGK wins+2.7 pts

AUM

$29.6B

$24.8M

VGK1192.4× more

4–0VGK wins

Vanguard VGK and Horizon Kinetics JAPN · year-to-date · as of Nov 6, 2026 · AUM not scored

JAPN vs VOO

YTD

JAPN · Listed Funds Trust - Horizon Kinetics Japan Owner Operator

−1.8%

VOO · S&P 500

+8.4%

Gap

10.2 pts

Horizon Kinetics JAPN and Vanguard VOO · YTD total return · as of Nov 6, 2026

JAPN vs Its Peer Average

YTD

JAPNAvsBPeer average

1D−2.2%−2.7%

1M−2.0%−3.2%

3M−1.7%−6.2%

YTD−1.8%+6.2%

1Y−6.9%+11.0%

3Y[…]+67.7%

5Y[…]+52.0%

3–2JAPN 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

$25.25

$21.98−7.9% from the high$27.42

Horizon Kinetics JAPN · past-year price moves · as of Nov 6, 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 6, 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 today3K

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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