Industry Distribution:

• Technology: 25%
• Financial Services: 20%
• Consumer Goods: 15%

TOP 3 Markets:

• Japan: 60%
• USA: 20%
• China: 10%

The Listed Index Fund JPX-Nikkei Index 400 (TSE:1592) invests in a variety of companies listed in the JPX-Nikkei Index 400. This index includes companies known for high capital returns and good corporate governance.

The fund's revenues mainly come from the technology, financial services, and consumer goods sectors, reflecting strong diversification and a focus on promising sectors.

Japan remains the dominant market, which is not surprising given the regional focus of the index. The USA and China follow as important markets benefiting from global expansion and demand for high-quality Japanese products.

Note: The Listed Index Fund JPX-Nikkei Index 400 (TSE:1592) is not a company, but an exchange-traded fund (ETF).

An ETF does not produce physical products, but invests in a portfolio of stocks that are included in the JPX-Nikkei Index 400. The index comprises 400 companies listed on the Tokyo Stock Exchange, selected based on criteria such as capital efficiency and corporate governance.

Therefore, the question about production locations is not applicable. Instead, the fund invests in companies operating in various industries that can produce worldwide.

Current Strategy: Diversification and Cost Efficiency

The Listed Index Fund JPX-Nikkei Index 400 (TSE:1592) pursues a strategy focused on diversification and cost efficiency. As an exchange-traded fund (ETF), it invests in companies listed in the JPX-Nikkei Index 400, which focuses on high-quality companies with solid financial foundations.

The fund's growth strategy involves minimizing risk by diversifying across different sectors and companies while benefiting from the performance of the best companies in Japan. The focus is on companies with high capital returns and good corporate governance.

Additionally, the fund emphasizes cost efficiency to provide investors with a cost-effective way to invest in the Japanese stock market. This is achieved by minimizing management fees and trading costs, increasing attractiveness for long-term investors.

Current import data specific to the JPX-Nikkei Index 400 is not available.

The JPX-Nikkei Index 400 is a stock index comprising 400 companies listed on the Tokyo Stock Exchange. It represents a wide range of industries and companies. Therefore, it is not possible to identify specific commodities or materials imported by this index as a whole.

However, it can be generally stated that Japanese companies represented in the JPX-Nikkei Index 400 often import the following commodities:

• Crude oil and natural gas: Mainly from the Middle East, especially from Saudi Arabia and the United Arab Emirates.
• Iron ore and coal: Primarily from Australia and Brazil.
• Copper and other metals: From countries such as Chile and Peru.
• Rare earth elements: Often from China.

These commodities are crucial for industrial production, especially in sectors such as automotive, electronics, and mechanical engineering, which are prominent in Japan.

Current Performance: Not available (as of 2025)

Since the Listed Index Fund JPX-Nikkei Index 400 (TSE:1592) is an exchange-traded fund (ETF) and not a single company, the concept of "competitive advantage" is not directly applicable here. An ETF tracks an index and therefore does not have a traditional competitive advantage like a single company.

The JPX-Nikkei Index 400 aims to represent companies with high capital returns, solid corporate governance, and attractive investor policies. The competitive advantage of such a fund lies in its diversification and the ability to provide investors access to high-quality Japanese companies.

Another advantage could be the liquidity and low management costs compared to actively managed funds. Investors benefit from the broad market coverage and transparency that an index fund offers.

Institutional Investor Share: Estimate: approx. 70% (2025)
Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in exchange-traded funds such as the Listed Index Fund JPX-Nikkei Index 400 is usually high, as these funds are often used by pension funds, insurance companies, and other large institutional investors to achieve broad market coverage.

Insider buys and sells are less relevant for index funds, as these funds are passively managed and do not have traditional corporate insiders. Therefore, there are usually no significant insider transactions.

Market share of Listed Index Fund JPX-Nikkei Index 400 (TSE:1592): Estimate: approx. 5% (2025)

Main competitors and their market shares:

1. iShares MSCI Japan ETF (TSE:EWJ): approx. 20%
2. Nikko AM Japan Index Fund: approx. 15%
3. Nomura JPX-Nikkei 400 ETF: approx. 10%
4. TOPIX ETF (TSE:1306): approx. 8%
5. Daiwa ETF JPX-Nikkei 400: approx. 7%

The Listed Index Fund JPX-Nikkei Index 400 has a moderate market share compared to its competitors. The iShares MSCI Japan ETF dominates the market with a significant lead, followed by Nikko AM Japan Index Fund and Nomura JPX-Nikkei 400 ETF.

The moat of the Listed Index Fund JPX-Nikkei Index 400 is relatively small compared to the leading ETFs. Its main advantage lies in the specific focus on the JPX-Nikkei 400 Index, which includes companies with high capital returns and good corporate governance. This can be attractive for investors looking to specifically invest in high-quality Japanese companies.

However, the leading ETFs like the iShares MSCI Japan ETF have broader market access and greater liquidity, giving them a stronger moat. These ETFs offer more comprehensive diversification and are often the top choice for international investors looking to invest in the Japanese market.

Fund size: 150 billion JPY (2024) Number of companies included: 400

The Listed Index Fund JPX-Nikkei Index 400 (TSE:1592) invests in Japan's top 400 companies selected based on criteria such as return on capital and corporate governance. These criteria aim to identify high-quality companies with solid financial performance and good governance.

The fund offers broad diversification across various sectors of the Japanese economy, reducing the risk for investors. The selection of companies is based on a combination of financial and non-financial criteria, which can support long-term value appreciation.

Additionally, the fund benefits from Japan's overall economic recovery and reforms aimed at improving corporate governance and profitability. This could lead to a positive performance of the fund in the coming years.

Overall, the fund could be an attractive investment for investors looking to participate in the long-term development of the Japanese economy without having to focus on individual stocks.

Dividend Yield: 1.5% (estimated for 2025)
Payout Frequency: Semi-annually

The Listed Index Fund JPX-Nikkei Index 400 (TSE:1592) regularly pays out dividends, typically on a semi-annual basis. The dividend yield usually hovers around 1.5%, based on historical data and current market conditions.

The reliability of the payout is relatively high, as the fund invests in a broad range of companies included in the JPX-Nikkei 400 Index. This index comprises companies selected based on efficiency and profitability, which tends to enable stable earnings and dividends.

However, it is important to note that dividends depend on the performance of the underlying companies and may therefore be subject to fluctuations. Investors should therefore keep an eye on economic conditions and the index's performance.