Key Highlights

  • Betashares Japan Currency Hedged ETF (ASX:HJPN) held a fund size of $325.54 million across 140 companies, having listed on the ASX on 12 May 2016.
  • Technology is the largest sector at 28.38 per cent, ahead of industrials at 25.07 per cent.
  • Mitsubishi UFJ Financial Group is the top holding at 5.41 per cent, ahead of Tokyo Electron and Toyota Motor Corp.
  • The fund's final distribution of $1.803 per unit was considerably higher than the $0.153 per unit paid in the prior comparable period, lifting its annual Yield to 6.38 per cent.

Betashares Japan Currency Hedged ETF (ASX:HJPN) is an ASX-listed fund that applies a full replication strategy to track the S&P Japan Exporters Hedged NR AUD index, focusing on Japanese companies with meaningful export exposure, with currency risk hedged back to Australian dollars. The fund was admitted to the ASX on 12 May 2016 and sits within the Equity Japan Morningstar category, with a fund size of $325.54 million, 10,357,691 units on issue and a management fee of 0.56 per cent.

Sector Composition

HJPN's portfolio is led by technology, which represents 28.38 per cent of the fund, above the category average of 21.79 per cent. Industrials account for 25.07 per cent, close to the category's 26.54 per cent, while financial services makes up 14.11 per cent, below the category average of 17.85 per cent. Consumer cyclical contributes 13.57 per cent, above the category's 11.70 per cent, and healthcare 6.67 per cent, also above the category average of 4.88 per cent. Basic materials, communication services, consumer defensive and energy make up the remaining allocation, while the fund carries no exposure to real estate.

By market capitalisation, companies above $1 billion make up 99.97 per cent of the fund, close to the category average of 99.74 per cent. The asset mix is entirely in equities, at 100.00 per cent, with no cash, bond or other exposure.

Top Holdings

HJPN holds 140 companies, with its top 10 positions representing 35.85 per cent of the fund and a Turnover ratio of 125.75 per cent. Mitsubishi UFJ Financial Group is the largest holding at 5.41 per cent, followed by Tokyo Electron at 5.13 per cent and Toyota Motor Corp at 4.58 per cent. Sumitomo Mitsui Financial Group holds a 3.45 per cent weighting, Advantest Corp 3.36 per cent, Murata Manufacturing 2.98 per cent, Hitachi 2.88 per cent, Sony Group 2.86 per cent, Mizuho Financial Group 2.68 per cent and Fast Retailing 2.47 per cent.

Geographic Exposure

The fund's geographic exposure is entirely concentrated in Japan, at 100.00 per cent, matching the category average precisely, consistent with its single-country mandate.

Distribution and Risk Metrics

HJPN reported a Beta of 1.32 and a Standard Deviation of 21.21. The fund's most recent final distribution was $1.803 per unit, with an ex-date of 1 July 2026, producing an annual yield of 6.38 per cent. This distribution was considerably higher than the $0.153 per unit paid in January 2026 and the $1.156 per unit paid in July 2024. The fund's ISIN is AU00000HJPN5.

Conclusion

Betashares Japan Currency Hedged ETF (ASX:HJPN) provides currency-hedged exposure to Japanese exporters across technology, industrial and consumer sectors, with a portfolio spread across 140 companies. Its most recent distribution rose markedly compared with the immediately preceding half-year payment.