JPAN ETF — Matthews Japan Active ETF

Matthews Japan Active ETF (JPAN)

Updated November 5, 2026.

JPAN is an ETF. Its distribution rate is 1.18%, its trailing-12-month yield is 4.60%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 70.3% over the past 3.1 years, 6.3 points behind SPY at 76.6%.

Matthews Japan Active ETF is an actively managed fund that invests at least eighty percent of its assets in common and preferred stocks of Japanese companies. The fund currently distributes annually at a modest rate, though its latest distribution was special and may not recur as part of regular payouts; it carries an expense ratio of 0.79%. The fund appeals to equity investors seeking exposure to Japan through active management rather than passive indexing.

JPAN performance versus SPY

As of Nov 5, 2026

Total return is 70.3% over the past 3.1 years, 6.3 points behind SPY at 76.6%. Over the past year its total return — price change plus distributions reinvested — is 11.0%. Its deepest 1-year drawdown was 14.6%.

JPAN key facts

Distribution Safety Score™

50 · Unproven

Issuer

Matthews Asia Funds

Asset type

ETF

Asset class

Equity

Inception date

09/21/2023

Expense ratio

0.79%

Distribution rate

1.18%

Distribution frequency

Annual

Trailing yield

4.60%

Last close

$39.69 (as of 2026-11-05)

AUM

$11,729,348

Average volume

5,612

Dividend

$1.827

Ex-dividend date

12/17/2025

Payment date

12/22/2025

Beta

1.13

How Dividend Vision calculates yield and returns

Distribution rate (1.18%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.60%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Matthews Asia Funds; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

JPAN risks and drawbacks

JPAN's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.6%.

Who may consider JPAN — and who may not

It is a weaker fit for investors who need monthly cash flow (JPAN pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on JPAN

• All tickers starting with J

Tagged: International, Active.

Frequently asked questions

More securities from Matthews Asia Funds.