Zacks Investment ResearchT3·32mo ago
JPAN Matthews Japan Active ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
JPAN
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Key stats
About
Matthews Japan Active ETF (JPAN) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-09-21
- Has Options
- No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
International Equity
Single Country#142 of 163 by assets
Matthews Asia
Japan
Developed ex-US
Actively managed
- Expense ratio
- 0.79% prospectus, filed Apr 30, 2026
- Assets
- $10.0M SEC filing, Jun 30, 2026
- Trailing yield
- 4.29% paid annual
- Average daily volume
- $59K 30 sessions
- Holdings
- 52 top 10 are 35.8%
- Listed
- Sep 21, 2023 NYSE Arca
Cost12
Liquidity0
Scale0
Diversification69
Moves with. US large-cap stocks (46% of its variance, beta 1.10); Developed markets ex-US over US (20% of its variance, beta 1.04); Value over growth (7% of its variance, beta -0.22); Emerging markets over US (4% of its variance, beta 0.08). These factors explain 73% of its daily moves over the last year.
Stated objective. Long-term capital appreciation. (from the fund's prospectus)
All 52 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$1.7M latest reported month
- Latest 3 months
- +$1.7M +16.7% of assets
- Latest 12 months
- +$3.3M +32.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$1.7M |
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | $0 |
| Feb 2026 | +$1.6M |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
| Jul 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 36 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| EWJiShares MSCI Japan ETF | 46% | 0.49% | $23.7B | +14.6% | compare |
| BBJPJPMorgan BetaBuilders Japan ETF | 45% | 0.19% | $19.2B | +12.1% | compare |
| DBJPXtrackers MSCI Japan Hedged Equity ETF | 45% | 0.45% | $721M | +27.8% | compare |
| GSJYGoldman Sachs ActiveBeta Japan Equity ETF | 44% | 0.25% | $97M | +18.1% | compare |
| FLJPFranklin FTSE Japan ETF | 40% | 0.09% | $4.2B | +13.9% | compare |
Ranked by how much of the two portfolios is the same securities.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | ADVANTEST CORP | — | 3.78% | — |
| New position | KIOXIA HOLDINGS CORP | — | 2.76% | — |
| New position | KEYENCE CORP | — | 2.50% | — |
| Exit | Astellas Pharma Inc. | 2.04% | — | — |
| New position | THK CO LTD | — | 1.71% | — |
| Exit | ROHM Co Ltd. | 1.71% | — | — |
| Decrease | MARUBENI CORP | 2.95% | 1.33% | −34.8% |
| Decrease | TOKYO ELECTRON LTD | 4.64% | 6.17% | −22.4% |
| Decrease | TOYOTA MOTOR CORP | 2.28% | 0.81% | −50.5% |
| Increase | RECRUIT HOLDINGS CO LTD | 2.09% | 3.35% | +11.4% |
6 new, 10 exited, 14 increased and 14 decreased between the fund's two latest holdings reports; turnover 21.5%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 1 active of 7 with agreements; top 3 did 100%
- Created · redeemed
- $2.5M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 93% in kind
- Creation unit
- 40,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
52
AUM
$10.0M
Provider
Nport
Inception
2023-09-21
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.79%
Dividend Yield
4.28%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-17 | 2025-12-22 | $1.8272 | CD |
| 2024-12-18 | 2024-12-23 | $0.4677 | CD |
| 2023-12-14 | 2023-12-21 | $0.1344 | CD |
Asset Allocation
Top Holdings
top 50 of 52 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TOKYO ELECTRON LTD | 6.17% | Equity (common) | JP |
| — | MITSUBISHI UFJ FINANCIAL GROUP INC | 4.66% | Equity (common) | JP |
| — | ADVANTEST CORP | 3.78% | Equity (common) | JP |
| — | RECRUIT HOLDINGS CO LTD | 3.35% | Equity (common) | JP |
| — | SUMITOMO MITSUI FINANCIAL GROUP INC | 3.28% | Equity (common) | JP |
| — | SONY GROUP CORP | 3.03% | Equity (common) | JP |
| — | HITACHI LTD | 2.97% | Equity (common) | JP |
| — | SHIN-ETSU CHEMICAL COMPANY LTD | 2.89% | Equity (common) | JP |
| — | PANASONIC HOLDINGS CORP | 2.85% | Equity (common) | JP |
| — | KIOXIA HOLDINGS CORP | 2.76% | Equity (common) | JP |
| — | FAST RETAILING COMPANY LTD | 2.55% | Equity (common) | JP |
| — | SUMITOMO ELECTRIC INDUSTRIES LTD | 2.50% | Equity (common) | JP |
| — | ORIX CORP | 2.50% | Equity (common) | JP |
| — | KEYENCE CORP | 2.50% | Equity (common) | JP |
| — | SUMITOMO CORP | 2.11% | Equity (common) | JP |
| — | ASICS CORP | 2.10% | Equity (common) | JP |
| — | MISUMI GROUP INC | 2.07% | Equity (common) | JP |
| — | TOKIO MARINE HOLDINGS INC | 2.04% | Equity (common) | JP |
| — | JAPAN POST BANK CO LTD | 2.02% | Equity (common) | JP |
| — | MITSUBISHI ELECTRIC CORP | 1.95% | Equity (common) | JP |
| — | AJINOMOTO (JAPAN) COMPANY INC | 1.95% | Equity (common) | JP |
| — | TOYOTA TSUSHO CORP | 1.95% | Equity (common) | JP |
| — | RENESAS ELECTRONICS CORP | 1.92% | Equity (common) | JP |
| — | RESONAC HOLDINGS CORP | 1.85% | Equity (common) | JP |
| — | KAWASAKI HEAVY INDUSTRIES LTD | 1.84% | Equity (common) | JP |
| — | NOMURA HOLDINGS INC | 1.77% | Equity (common) | JP |
| — | ANRITSU CORP | 1.76% | Equity (common) | JP |
| — | THK CO LTD | 1.71% | Equity (common) | JP |
| — | NEC CORP | 1.62% | Equity (common) | JP |
| — | JP MORGAN US GOVT CAPITAL | 1.61% | Short-term investment | US |
| — | MS & AD INSURANCE GROUP HOLDINGS INC | 1.59% | Equity (common) | JP |
| — | RYOHIN KEIKAKU COMPANY LTD | 1.46% | Equity (common) | JP |
| — | EAST JAPAN RAILWAY COMPANY | 1.34% | Equity (common) | JP |
| — | YOKOHAMA RUBBER CO LTD (THE) | 1.34% | Equity (common) | JP |
| — | FUJI ELECTRIC COMPANY LTD | 1.33% | Equity (common) | JP |
| — | MARUBENI CORP | 1.33% | Equity (common) | JP |
| — | SOFTBANK GROUP CORP | 1.32% | Equity (common) | JP |
| — | MITSUBISHI ESTATE CO LTD | 1.28% | Equity (common) | JP |
| — | ISUZU MOTORS LTD | 1.24% | Equity (common) | JP |
| — | KAO CORP | 1.23% | Equity (common) | JP |
| — | KONAMI GROUP CORP | 1.20% | Equity (common) | JP |
| — | KINDEN CORP | 1.13% | Equity (common) | JP |
| — | SHIONOGI & CO. LTD | 1.12% | Equity (common) | JP |
| — | SUMITOMO REALTY & DEVELOPMENT CO LTD | 0.99% | Equity (common) | JP |
| — | GS YUASA CORP | 0.88% | Equity (common) | JP |
| — | TOYOTA MOTOR CORP | 0.81% | Equity (common) | JP |
| — | GO INC | 0.80% | Equity (common) | JP |
| — | SANTEN PHARMACEUTICAL COMPANY LTD | 0.79% | Equity (common) | JP |
| — | NS GROUP INC | 0.76% | Equity (common) | JP |
| — | ITOKI CORP | 0.65% | Equity (common) | JP |
Geographic Breakdown
Non-Equity Breakdown
Matthews Japan Active ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-24)
Net assets:
$10M
· 52 total positions
· equity 98.07%
· non-equity 1.61%
Non-equity holdings
— 1 positions,
1.61% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.61% | $160577 | 1 |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 3.61% | 1.42% | 4.32% | 3.12% |
| Feb | -- | 5.01% | -0.48% | 9.21% | 4.58% |
| Mar | -- | 4.13% | -1.25% | -8.07% | -1.73% |
| Apr | -- | -4.62% | 5.60% | 5.66% | 2.21% |
| May | -- | 4.09% | 5.28% | 6.52% | 5.30% |
| Jun | -- | -0.05% | 0.71% | 0.86% | 0.51% |
| Jul | -- | 5.19% | -2.78% | -1.46% | 0.32% |
| Aug | -- | 8.28% | 5.46% | 3.21% | 5.65% |
| Sep | -2.35% | 1.40% | 2.11% | 0.95% | 0.53% |
| Oct | -1.83% | -5.30% | 4.62% | -2.30%* | -1.20% |
| Nov | 5.71% | 3.64% | -1.40% | -- | 2.65% |
| Dec | 2.67% | -4.22% | -3.34% | -- | -1.63% |
| Total | 4.04% | 22.06% | 16.49% | 19.26% | 15.46% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $43.07
SMA 50: $42.97
SMA 200: $40.65
Current: $42.00
EMA 12: $42.74
EMA 26: $42.89
MACD: -0.1490 | Signal: -0.1500
BULLISH
ADX (14): 10.88
RANGE
+DI: 40.80
−DI: 41.25
Momentum Oscillators
RSI (14): 38.86
NEUTRAL
Stoch %K: 6.96
Stoch %D: 6.40
Williams %R: -100.00
Volume & Volatility
BB Upper: $44.25
BB Lower: $41.88
NEUTRAL
OBV: 17,209
Vol SMA 20: 1,517
Vol ROC: -14.98%
ATR: $0.39
True Range: $0.65
HV 20: 15.2%
HV 30: 15.4%
HV 60: 18.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-22T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: JPAN
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a neutral market, with no clear trend or momentum signals.
- Recent news headlines have been generally neutral, without significant impact on the stock's price.
Primary Risks:
- Above-average volatility (beta = 1.17), which may amplify market movements and increase risk.
- No recent earnings data available to assess fundamental performance.
Investment Thesis: JPAN appears to be trading within a range, with no clear catalysts driving the price higher or lower. The lack of recent earnings data and neutral news sentiment suggest that investors should focus on technical analysis to determine potential entry or exit points.
Recent News Sentiment Impact: The recent news headlines have had a neutral impact on JPAN's stock price, without any significant trends or correlations emerging.
Technical Analysis
Trend Direction: NEUTRAL (Short-term: Range-bound, Medium-term: Consolidation, Long-term: Uptrend)
Support/Resistance Levels:
- Upper Bollinger Band: $42.64
- Middle Band: $41.21
- Lower Band: $39.79
- SMA 20: $41.21
- SMA 50: $39.28
Momentum Signals:
- RSI (14): 60.15 (neutral)
- MACD: Bullish signal line crossover, indicating potential momentum.
- Bollinger Bands: Neutral signal, suggesting a range-bound market.
Volume Analysis:
- Volume SMA 20: 1944.40
- On-Balance Volume (OBV): -259.34 (bearish signal)
- Volume Rate of Change: -57.91% (bearish signal)
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been generally neutral, without any significant trends or correlations emerging.
Sentiment Assessment: Neutral sentiment dominates the recent news headlines, with no clear positive or negative signals.
Catalyst Identification: No specific catalysts have emerged to drive the price higher or lower. The lack of recent earnings data and neutral news sentiment suggest that investors should focus on technical analysis.
Market Narrative: The market narrative suggests a range-bound market, with no clear trend or momentum signals emerging from recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: Above-average volatility (beta = 1.17), which may amplify market movements and increase risk.
Volatility Regime: Current volatility levels are higher than historical norms.
Options Market Signals: No options data available to assess IV rank, put/call ratios, or unusual activity.
Downside Protection: Support levels include the Lower Bollinger Band ($39.79) and SMA 50 ($39.28).
Market Context & Positioning
Sector Performance: JPAN's sector (Japan ETFs) has been outperforming the broader market (S&P 500).
Institutional Activity: Volume patterns suggest institutional interest, with a relatively high volume traded in recent sessions.
Correlation Analysis: The stock's movement is positively correlated with the S&P 500 (R-squared = 0.67), suggesting a strong link to market movements.
Relative Valuation: JPAN appears to be trading within its historical range, without any clear overvaluation or undervaluation signals emerging.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $42.64 (resistance)
- Middle Band: $41.21 (support)
- Lower Band: $39.79 (support)
Breakout/Breakdown Levels: No clear breakout or breakdown levels have emerged, as the stock remains range-bound.
Time-Sensitive Catalysts: No specific catalysts have emerged to drive the price higher or lower.
Risk Management: Stop-loss levels should be set at the Lower Bollinger Band ($39.79) and SMA 50 ($39.28), considering the above-average volatility and potential market amplification.
Generated
News
All JPAN news →
Zacks Investment ResearchT3·34mo ago
MarketWatchT3·37mo ago
JPAN Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.2065
Alpha: -1.82%
Correlation: 0.7068
R-Squared: 50.0%
Stock Volatility: 21.8%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 250
Period: 252 trading days
Data Points: 250
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
JPAN Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|