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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

iShares Currency Hedged JPX-Nikkei 400 ETF

HJPX | Fund

-

$3.42 M

0.00%

$0.70

0.48%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$3.42 M

Holdings in Top 10

16.9%

52 WEEK LOW AND HIGH

$0.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

iShares Currency Hedged JPX-Nikkei 400 ETF

HJPX | Fund

-

$3.42 M

0.00%

$0.70

0.48%

HJPX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    iShares Currency Hedged JPX-Nikkei 400 ETF
  • Fund Family Name
    iShares
  • Inception Date
    Sep 29, 2015
  • Shares Outstanding
    100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Greg Savage

Fund Description

The Fund seeks to track the investment results of the JPX-Nikkei 400 Net Total Return USD Hedged Index (the “Underlying Index”), which provides exposure to broad-based Japanese equities with the currency risk inherent in the securities included in the Underlying Index hedged to the U.S. dollar on a monthly basis. The Underlying Index includes large-, mid- or small-capitalization companies and may change over time. As of March 31, 2022, a significant portion of the Underlying Index is represented by securities of companies in the consumer durables and financials industries or sectors. The components of the Underlying Index are likely to change over time.
Currently, the Fund seeks to achieve its investment objective by investing a substantial portion of its assets in the Underlying Fund. 
BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. 
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies. 
BFA uses a representative sampling indexing strategy to manage the Fund and the Underlying Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities or other instruments comprising an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund and the Underlying Fund may or may not hold all of the securities and other components of the applicable underlying index. 
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of 
its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. 
The impact of the “hedging” component of the Underlying Index is calculated by assuming the sale of one-month currency forward contracts at the end of each month. The aggregate notional amount of currency forwards used to calculate the impact of the “hedging” component on index return equals the total value of index constituent securities that trade in each underlying non-USD currency at the end of each month, and is not adjusted intra-month based on movements in the value of the constituent equity securities. The Underlying Index may therefore be slightly “over-hedged” (if security values decline) or “under-hedged” (if security values increase) between month-end index rebalances. 
In order to track the “hedging” component of the Underlying Index, the Fund enters into foreign currency forward contracts designed to offset the Fund’s exposure to the Japanese yen. A foreign currency forward contract is a contract between two parties to buy or 
sell a specified amount of a specific currency in the future at an agreed-upon exchange rate. The Fund’s exposure to foreign currency forward contracts is based on the aggregate exposure of the Fund to the Japanese yen. While this approach is designed to minimize the impact of currency fluctuations on Fund returns, it does not necessarily eliminate the Fund’s exposure to the Japanese yen. The return of the foreign currency forward contracts may not perfectly offset the actual fluctuations in value between the Japanese yen and the U.S. dollar. 
The Fund may also use non-deliverable forward (“NDF”) contracts to execute its hedging transactions. An NDF is a contract where there is no physical settlement of two currencies at maturity. Rather, based on the movement of the currencies and the contractually agreed upon exchange rate, a net cash settlement will be made by one party to the other in U.S. dollars. 
The Underlying Index is sponsored by Japan Exchange Group, Inc. and JPX Market Innovation & Research, Inc. (together, “JPX Group”) and Nikkei Inc. (the “Nikkei”) (collectively, the “Index Provider”), which are independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities and currency forwards in the Underlying Index and publishes information regarding the market value of the Underlying Index. 
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. 
government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry. 
Read More

HJPX - Performance

Return Ranking - Trailing

Period HJPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -27.2% 9.9% 25.00%
1 Yr N/A -35.7% 18.8% 15.38%
3 Yr N/A* -8.7% 17.1% 13.89%
5 Yr N/A* -9.6% 7.8% 13.33%
10 Yr N/A* -0.4% 9.4% N/A

* Annualized

Return Ranking - Calendar

Period HJPX Return Category Return Low Category Return High Rank in Category (%)
2022 N/A -32.8% 6.0% 16.67%
2021 N/A -8.2% 8.6% 68.57%
2020 N/A -1.1% 9.5% 36.36%
2019 N/A 1.9% 5.6% 54.84%
2018 N/A -5.8% -1.3% 100.00%

Total Return Ranking - Trailing

Period HJPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -27.2% 9.9% 7.50%
1 Yr N/A -35.7% 18.8% 15.38%
3 Yr N/A* -8.7% 17.1% 13.89%
5 Yr N/A* -9.1% 7.8% 13.33%
10 Yr N/A* -0.4% 9.4% N/A

* Annualized

Total Return Ranking - Calendar

Period HJPX Return Category Return Low Category Return High Rank in Category (%)
2022 N/A -32.8% 6.0% 16.67%
2021 N/A -8.2% 8.6% 68.57%
2020 N/A -1.1% 9.5% 42.42%
2019 N/A 1.9% 5.6% 54.84%
2018 N/A -5.8% -1.3% 100.00%

NAV & Total Return History

HJPX - Holdings

Concentration Analysis

HJPX Category Low Category High HJPX % Rank
Net Assets 3.42 M 3.42 M 9.93 B 100.00%
Number of Holdings 401 29 1791 18.60%
Net Assets in Top 10 579 K 421 K 2.3 B 97.67%
Weighting of Top 10 16.93% 3.5% 60.4% 83.72%

Top 10 Holdings

  1. Recruit Holdings Co Ltd 2.19%
  2. Recruit Holdings Co Ltd 2.19%
  3. Recruit Holdings Co Ltd 2.19%
  4. Recruit Holdings Co Ltd 2.19%
  5. Recruit Holdings Co Ltd 2.19%
  6. Recruit Holdings Co Ltd 2.19%
  7. Recruit Holdings Co Ltd 2.19%
  8. Recruit Holdings Co Ltd 2.19%
  9. Recruit Holdings Co Ltd 2.19%
  10. Recruit Holdings Co Ltd 2.19%

Asset Allocation

Weighting Return Low Return High HJPX % Rank
Stocks 		98.61% 91.78% 100.00% 69.77%
Cash 		1.39% -0.01% 8.22% 32.56%
Preferred Stocks 		0.00% 0.00% 0.00% 16.28%
Other 		0.00% 0.00% 0.05% 23.26%
Convertible Bonds 		0.00% 0.00% 0.00% 16.28%
Bonds 		0.00% 0.00% 0.07% 23.26%

HJPX - Expenses

Operational Fees

HJPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.01% 2.09% 69.05%
Management Fee 0.59% 0.09% 0.90% 47.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.20% N/A

Sales Fees

HJPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

HJPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HJPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 2.95% 70.30% 10.81%

HJPX - Distributions

Dividend Yield Analysis

HJPX Category Low Category High HJPX % Rank
Dividend Yield 0.00% 0.00% 3.56% 51.16%

Dividend Distribution Analysis

HJPX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

HJPX Category Low Category High HJPX % Rank
Net Income Ratio 2.58% -0.63% 2.81% 4.76%

Capital Gain Distribution Analysis

HJPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

HJPX - Fund Manager Analysis

Managers

Greg Savage

Start Date

Tenure

Tenure Rank

Sep 29, 2015

6.67

6.7%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Orlando Montalvo

Start Date

Tenure

Tenure Rank

Sep 29, 2015

6.67

6.7%

Orlando Montalvo has been employed by BlackRock Fund Advisors and BTC as a senior portfolio manager since 2009. Prior to that, Mr. Montalvo was a senior portfolio manager from 2005 to 2009 for Barclays Global Fund Advisors and Barclays Global Investors, N.A.

Jennifer Hsui

Start Date

Tenure

Tenure Rank

Sep 29, 2015

6.67

6.7%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Paul Whitehead

Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 24.43 6.86 8.25

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