Key highlights

  • ASX:IJP tracks the MSCI Japan Net Total Return Index in Australian dollars and is fully invested in Japan.
  • The fund holds 175 companies, with the top ten making up 30.32%.
  • The fund has about $1.56 billion in assets and a 0.50% management fee.

The iShares MSCI Japan ETF (ASX:IJP) offers broad exposure to the Japanese share market in a single ASX-quoted fund. It seeks to track the performance of the MSCI Japan Net Total Return Index (AUD).

About the Fund

IJP was admitted to the ASX on 10 October 2007 and is classified in the Equity Japan category. The fund is managed by BlackRock’s Australian arm and has about $1.56 billion in assets. The management fee is 0.50%.

Country exposure

The fund’s entire country allocation is to Japan (100%).

Nearly all holdings are companies with a market value above $1 billion (99.99%), and stocks make up 99.14% of the portfolio.

Portfolio holdings

The portfolio holds 175 companies, with top ten holdings making up 30.32% of the fund. The largest positions are Mitsubishi UFJ Financial Group Inc (4.66%), Toyota Motor Corp (3.27%), Tokyo Electron Ltd (3.1%), Sumitomo Mitsui Financial Group Inc (2.97%) and Advantest Corp (2.95%).

The top ten also include Hitachi, SoftBank Group, Recruit Holdings, Sony Group and Kioxia Holdings. The largest single position is under 5% of the fund.

Understanding the exposure

The five largest positions add up to 16.95% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 165 holdings share the other 69.68% of the portfolio, an average of about 0.42% each. Every holding is based in Japan, so the fund’s exposure sits entirely in that one market and it has no allocation to other countries.

Fees, size and distributions

The most recent distribution was a final distribution of $2.094 per unit, with an ex-date of 1 July 2026 and payment on 13 July 2026, and the reported annual yield is 4.97%.

Fund structure and reporting

IJP has an ISIN of AU000000IJP5 and a head office at Level 37, Chifley Tower, 2 Chifley Square, Sydney. Recent ASX announcements from the fund include monthly applications, redemptions and units-on-issue notices, an updated Product Disclosure Statement on 24 September 2026 and the annual financial report for 30 June 2026.

Equity Japan funds are dedicated to investing in securities originating from companies domiciled in Japan, with Japanese stocks accounting for at least 75% of the portfolio holdings.

Units in IJP are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund follows a rules-based index, so its holdings and weightings are set by the index methodology and adjusted when the index is rebalanced.