iShares MSCI Japan ETF (ASX:IJP): 175 Japanese Companies Across Industrials, Technology and Banks

Sonal Goyal

13 October 2026 06:37 PM AEDT

iShares MSCI Japan ETF (ASX:IJP): 175 Japanese Companies Across Industrials, Technology and Banks

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Key Highlights

The fund tracks the MSCI Japan Net Total Return Index and holds 175 companies, all in Japan.
Industrials (22.75%), Technology (22.06%) and Financial Services (19.34%) are the largest sectors.
The management fee is 0.50% and the fund size is $1.60 billion.
The July 2026 distribution of $2.094 is lower than the $4.634 paid in January 2026.

iShares MSCI Japan ETF (ASX:IJP) seeks to achieve its objective by tracking the performance of the MSCI Japan Net Total Return Index in Australian dollars. The fund was admitted to the ASX on 10 October 2007 and last traded at $137.35 on 13 October 2026. It reports a fund size of $1.60 billion.

Detail	Information
Ticker	ASX:IJP
Fund	iShares MSCI Japan ETF
Category	Equity Japan
Benchmark	MSCI Japan NR AUD
Fund size	$1.60 billion
Management fee	0.50%
Total holdings	175
ASX admission date	10 October 2007

Top holdings

The ten largest positions account for 30.32% of the fund. Mitsubishi UFJ Financial Group leads at 4.66%, followed by Toyota Motor (3.27%), Tokyo Electron (3.10%), Sumitomo Mitsui Financial Group (2.97%) and Advantest (2.95%).

Hitachi holds 2.86%, SoftBank Group 2.81%, Recruit Holdings 2.62%, Sony Group 2.58% and Kioxia Holdings 2.46%. Reported turnover is 1.28%.

Sector exposure

Industrials holds 22.75%, below the 26.14% category weighting. Technology holds 22.06%, Financial Services 19.34% against 17.84%, and Consumer Cyclical 11.14%. Communication Services is 9.56% against 7.52%.

Healthcare is 5.24%, Consumer Defensive 3.43%, Basic Materials 2.84%, Real Estate 1.73% and Utilities 0.96%. Companies above $1 billion in market capitalisation represent 99.99%, and cash is 0.86% of the fund.

Fee, risk and distributions

The management fee is 0.50% a year. The fund reports a beta of 1.01 and a standard deviation of 14.70. The final distribution of $2.094 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 13 July, equal to an annual yield of 4.84%.

That is lower than the $4.634 paid in January 2026, but higher than the $0.995 paid in July 2025, $1.411 in January 2025 and $0.771 in July 2024.

Category classification and liquidity

Morningstar places the fund in the Equity Japan category, which covers funds investing primarily in companies domiciled in Japan, with Japanese stocks accounting for at least 75% of portfolio holdings.

Liquidity indicators add a further view. There are 11,533,934 units on issue, and average daily trading volume is 40,194 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 30,800 to 66,900 units, with 51,430 recorded on 13 October while the market was still open. The bid-offer range stood at $137.35 to $139.15, and the day range at $136.44 to $138.67. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged monthly applications, redemptions and units-on-issue details on 7 October, the Annual Financial Report for the year to 30 June 2026 on 25 September, and a Product Disclosure Statement on 24 September.

Final Takeaway

IJP offers single-country exposure to Japan with a spread across industrial, technology and financial companies. The 0.50% fee is higher than for broad global funds, and distributions have varied between $0.771 and $4.634. These facts describe the fund only.

FAQs

Q: What does iShares MSCI Japan ETF (ASX:IJP) track?

A:It tracks the MSCI Japan Net Total Return Index in Australian dollars.

Q: How many holdings does ASX:IJP have?

A:The fund holds 175 companies.

Q: What is the management fee?

A:The management fee is 0.50% a year.

Q: What is the largest holding?

A:Mitsubishi UFJ Financial Group, at 4.66%.

Q: What was the latest distribution?

A:The final distribution was $2.094 per unit, paid on 13 July 2026.

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