# Lazard Japanese Equity ETF (JPY): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/jpy for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Lazard · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-04-04 The JPY Exchange Traded Fund offers investors a means to participate in the Japanese stock market. It diversifies its holdings across various equity-linked instruments, encompassing common and preferred shares, warrants, and subscription rights. The portfolio is actively managed, employing a rigorous, research-based methodology to pinpoint sectors exhibiting strong growth potential at different points in the economic cycle. This fund maintains adaptability, avoiding concentration in specific industries or market capitalizations, thereby allowing it to respond to changing market dynamics. It... ## Key Facts | Metric | Value | |---|---| | Price | $38.36 | | Expense Ratio | 0.60% | | Assets Under Management | $83.8M | | NAV | $38.10 | | Holdings Count | 63 | | Distribution Yield (TTM) | 1.15% | | Annual Distribution (TTM) | $0.44 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $28.92 – $39.98 | | Beta | 0.70 | ## Latest Distribution - Amount: $0.2300 /share - Ex-date: 2026-06-18 - Pay date: 2026-06-22 ## Frequently Asked Questions ### What does JPY invest in? The JPY Exchange Traded Fund offers investors a means to participate in the Japanese stock market. It diversifies its holdings across various equity-linked instruments, encompassing common and preferred shares, warrants, and subscription rights. The portfolio is actively managed, employing a rigorous, research-based methodology to pinpoint sectors exhibiting strong growth potential at different points in the economic cycle. This fund maintains adaptability, avoiding concentration in specific industries or market capitalizations, thereby allowing it to respond to changing market dynamics. It also has the option to include Exchange-Traded Funds (ETFs) within its investments. For purposes of risk mitigation or to potentially augment returns, the fund may utilize derivatives like futures and swaps. Additionally, it has the discretion to hedge its currency exposure to the Japanese Yen relative to the US Dollar through forward contracts, when considered appropriate. ### What is the expense ratio of JPY? Lazard Japanese Equity ETF (JPY) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is JPY? Lazard Japanese Equity ETF (JPY) manages $83.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is JPY actively managed or an index fund? JPY is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (JPY's is 0.60%) in exchange for the discretion to over- or under-weight positions. ### When was JPY launched? Lazard Japanese Equity ETF (JPY) launched in April 2025 and is managed by Lazard. ### How has JPY performed? JPY's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does JPY pay a dividend? Lazard Japanese Equity ETF (JPY) currently distributes little or no income. Trailing-twelve-month yield is 1.15%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does JPY pay dividends? Lazard Japanese Equity ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is JPY's dividend yield? JPY's trailing-twelve-month yield is 1.15%, calculated from the sum of dividends over the past year divided by the current price. ### When is JPY's next ex-dividend date? The most recently announced ex-dividend date for JPY was 2026-06-18. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will JPY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.60% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does JPY charge its expense ratio? The expense ratio is deducted in tiny daily slices from JPY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does JPY cost more than a fund like VOO? JPY is actively managed (current expense ratio 0.60%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether JPY's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to JPY? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as JPY (0.60%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/jpy - Distribution history: https://www.dividenddata.com/funds/jpy/dividend - Holdings & diversification: https://www.dividenddata.com/funds/jpy/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/jpy/expenses - Peer comparison: https://www.dividenddata.com/funds/jpy/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.