Overview
Japanese exporters with the yen hedged out — dividend-paying multinationals that WIN from a weak yen, without the currency eating your returns.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| 7203 | Toyota Motor | 5.2% |
| 8058 | Mitsubishi Corp. | 4.4% |
| 8001 | Itochu Corp. | 3.9% |
| 6501 | Hitachi Ltd. | 3.6% |
| 8031 | Mitsui & Co. | 3.4% |
| 7267 | Honda Motor | 2.9% |
| 6902 | Denso Corp. | 2.4% |
| 8306 | Mitsubishi UFJ | 2.3% |
| 6503 | Mitsubishi Electric | 2.1% |
| 7751 | Canon Inc. | 2.0% |
Fund Details
Investment Thesis
With the yen at 157 and sliding, unhedged Japan funds hand back a chunk of Tokyo's rally in translation — DXJ keeps all of it, and its exporter tilt means the weak yen actively fattens the underlying earnings too. The +40% year made it 2026's premier Japan vehicle, the same double-engine trade that defined the Abenomics era. If the yen ever V-turns, the engines reverse.
Who It's For
Japan bulls who read the Bank of Japan's caution as structural yen weakness — the currency view IS the fund. Unhedged BBJP next door is the agnostic alternative.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $36.34 | -- |
| 2017 | $45.06 | +24.0% |
| 2018 | $36.50 | -19.0% |
| 2019 | $43.80 | +20.0% |
| 2020 | $44.23 | +1.0% |
| 2021 | $51.75 | +17.0% |
| 2022 | $50.72 | -2.0% |
| 2023 | $72.02 | +42.0% |
| 2024 | $92.19 | +28.0% |
| 2025 | $118.00 | +28.0% |
| Year | Yield |
|---|---|
| 2016 | 2.40% |
| 2017 | 2.20% |
| 2018 | 2.60% |
| 2019 | 2.50% |
| 2020 | 2.30% |
| 2021 | 2.40% |
| 2022 | 2.70% |
| 2023 | 1.90% |
| 2024 | 1.20% |
| 2025 | 1.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $8B | -- |
| 2017 | $9B | +12.5% |
| 2018 | $6B | -33.3% |
| 2019 | $4B | -33.3% |
| 2020 | $2.5B | -37.5% |
| 2021 | $2.8B | +12.0% |
| 2022 | $2.5B | -10.7% |
| 2023 | $5B | +100.0% |
| 2024 | $6B | +20.0% |
| 2025 | $6B | +0.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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