WisdomTree Japan Opportunities Fund (OPPJ), formerly known as WisdomTree Japan Hedged SmallCap Equity Fund (DXJS), is an exchange-traded fund that seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Opportunities Index. The fund provides targeted exposure to stocks WisdomTree identifies as representing the best opportunities in the Japanese equity market, with a diversified portfolio across market capitalizations including large-cap (62.77%), mid-cap (7.09%), and small-cap (30.13%) companies; it employs derivatives for dynamic currency hedging to neutralize fluctuations between the Japanese yen and the U.S. dollar. Top holdings include Marubeni Corporation, Mitsubishi Corporation, Sumitomo Corporation, Mitsui & Co., Ltd., and ITOCHU Corporation, spanning sectors such as trading companies, heavy industries, and financial services.
Launched on June 28, 2013, and managed by WisdomTree Asset Management, Inc., with administration by State Street Bank and Trust Company, the fund trades on NASDAQ under ticker OPPJ and maintains assets under management of approximately $95 million as of July 2025, with a net expense ratio of 0.58%. It targets investors seeking diversified exposure to Japanese equities for portfolio optimization amid geopolitical risks and regional allocation trends, with 100% country allocation to Japan.
In a significant strategic shift effective July 1, 2025, the fund underwent a name change from WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) to WisdomTree Japan Opportunities Fund (OPPJ), accompanied by a change in its investment policy and underlying index from the dividend-weighted WisdomTree Japan Hedged SmallCap Equity Index to the WisdomTree Japan Opportunities Index, broadening its focus beyond small-cap stocks. This reorganization maintains the CUSIP 97717W521 and option symbol transition from DXJS to OPPJ, with no changes to strike prices or other terms. No recent acquisitions, funding rounds, or new product launches specific to this fund have been reported, though WisdomTree as a firm continues broader innovations in ETFs and digital assets.