iShares Currency Hedged JPX-Nikkei 400 ETF
HJPX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Sep 29, 2015
- CIK
- 0001100663
- Similar Companies
- Business
- iShares Currency Hedged JPX-Nikkei 400 ETF (HJPX) is an exchange-traded fund that seeks to track the investment results of the JPX-Nikkei 400 Net Total Return USD Hedged Index, providing exposure to a broad-based benchmark composed of Japanese equities selected for high return on equity and strong governance practices while mitigating yen-to-USD currency fluctuations through hedging instruments. The fund invests at least 80% of its assets in the component securities of the index or investments with similar economic characteristics, including large- and mid-capitalization Japanese companies across diversified sectors such as industrials, consumer discretionary, information technology, and financials; it employs a representative sampling strategy to replicate index performance. Launched on September 29, 2015 by BlackRock Fund Advisors, a division of BlackRock, Inc., with headquarters in San Francisco, California, the ETF targets institutional and retail investors seeking Japan equity exposure with currency risk management. The fund's portfolio emphasizes high-quality Japanese stocks from the JPX-Nikkei 400 Index, which comprises approximately 400 companies meeting criteria for capital efficiency, profitability, and corporate governance; key holdings typically span sectors like industrials (around 25%), with daily currency hedging via forward contracts to neutralize yen volatility against the U.S. dollar. It offers low-cost access to Japan's equity market with an expense ratio of 0.48%, net assets under management of approximately $3.13 million, and quarterly distributions reflecting underlying dividend yields of about 2.82%. Geographically focused on Japan, the ETF operates primarily through listings on U.S. exchanges like NYSE Arca, serving global investors interested in hedged exposure to Japanese large-cap blends. In recent developments, BlackRock continues to expand its iShares ETF suite amid Japan's evolving ETF market, where the Japan Exchange Group (JPX) announced in November 2025 plans to launch the CredNex system in June 2026 for streamlined ETF creation and redemption processes by securities firms and asset managers, potentially enhancing liquidity for products like HJPX. The broader JPX ecosystem saw the listing of new ETFs tracking indices such as JPX Prime 150 in early 2024 by providers including Nomura, alongside JPX's mid-term "Exchange & Beyond" strategy emphasizing ETF growth, now totaling over 300 listings with active management expansions as of late 2024. No specific acquisitions, funding rounds, or reorganizations directly impacted HJPX in the last 1-2 years, though ongoing JPX initiatives in digitization and ESG data enhancements support the underlying index's evolution.