- CEO
- Yoshitaka Nagano
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 615 East Michigan Street Milwaukee WI United States of America 53202
- IPO Date
- Sep 16, 2025
- Business
- MUFG Japan Small Cap Active ETF (MJSC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of small capitalization companies domiciled in Japan or conducting a substantial portion of their business in Japan; the portfolio employs a thematic approach across 18 sector themes including Semiconductors, Automotive, National Resilience, and Entertainment, with sub-themes to diversify holdings; it targets pioneering, market-creating, innovative companies exhibiting attractive valuations, long-term growth potential, and improving corporate governance. The fund invests at least 80% of its net assets in such small-cap Japanese equities under normal conditions, combining quantitative screens with proprietary supply chain analysis. Launched in September 2025, MUFG Japan Small Cap Active ETF represents Mitsubishi UFJ Trust and Banking Corporation's first ETF product available to U.S.-based investors and is housed within The RBB Fund, Inc. series trust with a mailing address in Milwaukee, Wisconsin.
Clearbrook, LLC., a $13 billion asset management and advisory firm specializing in multi-asset investing, venture capital, and impact investing, serves as the fund's advisor, while Mitsubishi UFJ Trust and Banking Corporation—a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), headquartered in Tokyo—and Exchange Traded Concepts, LLC act as sub-advisors; management is led by Yoshitaka Nagano, a 27-year industry veteran with the Trust Bank's Japan Small Cap Equity team since 2018. The ETF, which trades on the NYSE Arca exchange with an expense ratio of 0.85%, caters to U.S. investors including registered investment advisors, pension funds, family offices, endowments, and hedge funds seeking exposure to domestically oriented Japanese small caps for portfolio diversification amid Japan's improving corporate governance, share buybacks, rising dividends, and lower valuations relative to U.S. equities. As of late 2025, the fund holds approximately 95-96 positions with total net assets around $20 million.