ZJPN ETF — Holdings & Analysis

The SPDR Solactive Japan ETF (ZJPN) offers investors exposure to the Japanese equity market, tracking the Solactive GBS Japan Large & Mid Cap Index USD Index NTR.

With an expense ratio of 0.14%, ZJPN provides a cost-effective way to access a diversified portfolio of Japanese large- and mid-cap companies. As of 2026-03-15, ZJPN manages $0.11 billion in assets, distinguishing itself through its focused index-tracking approach within the Japanese equity space. Past performance does not guarantee future results.

SPDR Solactive Japan ETF (ZJPN) ETF — Price, Holdings & Analysis

The SPDR Solactive Japan ETF (ZJPN) offers investors exposure to the Japanese equity market, tracking the Solactive GBS Japan Large & Mid Cap Index USD Index NTR. With an expense ratio of 0.14%, ZJPN provides a cost-effective way to access a diversified portfolio of Japanese large- and mid-cap companies. As of 2026-03-15, ZJPN manages $0.11 billion in assets, distinguishing itself through its focused index-tracking approach within the Japanese equity space. Past performance does not guarantee future results.

ETF Overview

The investment seeks to track the performance of the Solactive GBS Japan Large & Mid Cap Index USD Index NTR. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of large- and mid-cap companies in Japan.

ZJPN aims to replicate the performance of the Solactive GBS Japan Large & Mid Cap Index USD Index NTR, providing investors with a focused exposure to the Japanese equity market. The fund invests at least 80% of its assets in securities comprising the index and in depositary receipts based on those securities. This ETF is designed for investors seeking to gain exposure to the Japanese economy through its large- and mid-cap companies. ZJPN's top holdings include well-known Japanese corporations such as Toyota Motor Corp (3.94%), Sony Corp (3.20%), and SoftBank Group Corp (3.06%). Sector allocation is heavily weighted towards Industrials (22.0%), Technology (15.7%), and Consumer Cyclical (15.3%), reflecting the composition of the Japanese market. The fund offers a relatively focused approach to investing in Japanese equities, making it suitable for investors who have a specific interest in this market. Past performance does not guarantee future results.

Risk Metrics

ZJPN, while providing diversified exposure to the Japanese equity market, carries inherent risks. The fund's sector allocation shows a significant concentration in Industrials, Technology, and Consumer Cyclical sectors, which together constitute over 50% of the portfolio. This concentration could lead to increased volatility if these sectors underperform. With a beta of 0.75, ZJPN is less volatile than the overall market. The expense ratio of 0.14% can create a slight drag on performance over time, although it is relatively low. Investors should also consider currency risk, as the fund's returns are subject to fluctuations in the exchange rate between the US dollar and the Japanese yen. Past performance does not guarantee future results.

Expense Ratio

0.14%

What does ZJPN hold?

Holding	Weight
Toyota Motor Corp (7203)	3.94%
Sony Corp (6758)	3.20%
SoftBank Group Corp (9984)	3.06%
Keyence Corp (6861)	2.14%
Shin-Etsu Chemical Co Ltd (4063)	1.67%
Nintendo Co Ltd (7974)	1.60%
Nidec Corp (6594)	1.59%
Nippon Telegraph & Telephone Corp (9432)	1.47%
Recruit Holdings Co Ltd (6098)	1.41%
Tokyo Electron Ltd (8035)	1.39%

How Is the Fund Allocated?

Sector	Weight
Industrials	22.0%
Technology	15.7%
Consumer Cyclical	15.3%
Healthcare	10.5%
Communication Services	9.6%
Financial Services	8.6%
Consumer Defensive	6.3%
Basic Materials	5.9%
Real Estate	3.4%
Energy	1.5%
Utilities	1.3%

Dividend Yield

1.70%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street SPDR S&P Biotech ETF (XBI) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 0.75

Questions & Answers

What is ZJPN and what does it track?

The SPDR Solactive Japan ETF (ZJPN) is an exchange-traded fund designed to track the performance of the Solactive GBS Japan Large & Mid Cap Index USD Index NTR.

This index represents the equity market performance of large- and mid-cap companies in Japan.

What is the expense ratio for ZJPN?

The expense ratio for the SPDR Solactive Japan ETF (ZJPN) is 0.14%. This means that for every $10,000 invested in the fund, investors will pay $14 in annual fees.

This expense ratio is relatively low compared to the category average, offering a cost-effective way to gain exposure to the Japanese equity market.

What are the top holdings in ZJPN?

As of 2026-03-15, the top holdings in the SPDR Solactive Japan ETF (ZJPN) are concentrated in several prominent Japanese companies. The largest holding is Toyota Motor Corp (7203), with a weight of 3.94%.

Is ZJPN a good long-term investment?

Evaluating whether ZJPN is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and understanding of the Japanese equity market.

ZJPN offers exposure to a diversified portfolio of Japanese large- and mid-cap companies, tracking the Solactive GBS Japan Large & Mid Cap Index USD Index NTR.

How does ZJPN compare to similar ETFs?

ZJPN competes with other ETFs offering exposure to the Japanese equity market. A key differentiator is its expense ratio of 0.14%, which may be lower than some competitors.

As of 2026-03-15, ZJPN has $0.11 billion in assets under management, which may be smaller than some of the more established Japan-focused ETFs.

Does ZJPN pay dividends?

Yes, the SPDR Solactive Japan ETF (ZJPN) distributes dividends to its shareholders. As of 2026-03-15, ZJPN has a dividend yield of 1.70%. The dividend yield represents the annual dividend payment as a percentage of the fund's net asset value (NAV).