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1397 ETF · SMDAM NIKKEI225 ETF
The 1397 Exchange Traded Fund (ETF) is provided by Sumitomo Mitsui Asset Management. It is built to track an index: Nikkei 225 Index. The 1397 ETF provides physical exposure, so by buying it you actually own parts of all the 223 underlying holdings. This share class generates a stream of income by distributing dividends.
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This fund is part ofJapan Blended Cap1M perf.-8.78%
Last price
Â¥54,500
1M perf.
-5.49%
1M flows
+€276M
AuM
€1.25B
E/R
0.14%
Rating
Not rated
ESG Consensus®
1397
Â¥54,500
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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1397
Â¥55,093.02
+7.25%
Japan Blended Cap
+3.94%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.49%  | +7.25%  | +53.22% | +110.00% | +103.68% | -7.49% | +8.20% | +8.20% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
ISIN
JP3047920008
AuM
€1.25B
E/R
0.14%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/12/2026
Â¥55,093
1D NAV change
-1.05%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
223
Inception date
3/25/2015
Jurisdiction
Japan
Distribution
Japan
Legal structure
Open-end Fund
Base currency
JPY
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The objective is to provide investment results that corresponds to the performance of Nikkei 225.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +7.25% | +53.22% | +110.00% | +103.68% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
Japan
94.51%
USA
6.75%
Sectors
Information Technology
29.78%
Industrials
17.06%
Consumer Discretionary
16.84%
Health Care
13.84%
Communication Services
10.76%
Materials
4.22%
Consumer Staples
3.58%
Financials
2.85%
Real Estate
1.56%
Other
0.50%
Diversification
Total weight of top 15 holdings out of 223
Top 15 holdings
Data as of January 31, 2026
ADVANTEST
FAST RETAILING
TOKYO ELECTRON
IMMUNITYBIO
SOFTBANK GROUP CORP
FANUC
KDDI
TDK
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CHUGAI PHARMACEUTICAL
SHIN-ETSU CHEM
RECRUIT HLDGS CO LTD
KONAMI GROUP CORPORATION
FUJIKURA
DAIKIN INDUSTRIES
KYOCERA
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about 1397 ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
1397’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
74.64% of holdings have positive scoring
24.11% of holdings have negative scoring
56.96%
14.03%
10.39%
13.23%
Consensus levels
Strong
Medium
Weak
No data on remaining 1.25% of holdings
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Nikkei 225 Index - JPY
Index ticker
NKY Index
Index dividend policy
PI
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Sumitomo Mitsui Asset Management
Sumitomo Mitsui Asset Management ID Card
Number of funds
9
Total AuM
€2.61B
Expense ratio range
0.074% - 0.77%
Average expense ratio
0.3816%
Top 5 funds by Sumitomo Mitsui Asset Management
| AuM | ||
|---|---|---|
1397 | SMDAM NIKKEI225 ETF | €1.25B |
1398 | SMDAM REIT Index ETF | €813M |
2557 | SMDAM TOPIX ETF | €525M |
2011 | SMDAM Active ETF Japan High Dividend Equity | €14M |
349A | SMDAM Active ETF Japan Growth Equity | €5.1M |
Frequently asked questions about 1397
What does SMDAM NIKKEI225 ETF, 1397, invest in?
1397 is a Passive ETF. This ETF provides exposure to Other Large and Mid-Cap Japanese Equities, excluding REIT.
Which benchmark or index does 1397 replicate?
1397 tracks the Nikkei 225 Index - JPY, through a full replication replication method.
What is the Total Expense ratio (TER) of 1397?
1397 carries a total expense ratio (TER) of 0.14%, indicating the annual cost for holding the fund.
When was 1397 launched?
1397 was introduced to the market on March 25, 2015. It trades on Japan
Who is the ETF issuer of 1397?
SMDAM NIKKEI225 ETF, 1397, is provided by Sumitomo Mitsui Asset Management. Learn more about Sumitomo Mitsui Asset Management here.
What is the current assets under management (AUM) of 1397?
1397 oversees €1.25B in assets as of March 12, 2026.
How has 1397 performed lately?
Based on data from March 12, 2026, 1397 returned -5.49% over the past month, 7.25% over the last three months and 8.20% year-to-date.
What are the latest inflows or outflows for 1397?
As of March 12, 2026, 1397 recorded net flows of +€271M over the last month and +€237M year-to-date.
Does 1397 distribute dividends?
1397 follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 2.54%.
What are the main country or region exposures of 1397?
As of January 31, 2026, 1397 has significant geographic allocations in Japan and USA.
In which sector or theme does 1397 invest in?
As of January 31, 2026, 1397 focuses largely on Information Technology, Industrials and Consumer Discretionary.
How many securities does 1397 hold and how diversified is it?
As of January 31, 2026, 1397 holds 223 positions in its portfolio, with 54.99% of assets concentrated in its top 15 holdings.
What are the main positions in 1397?
As of January 31, 2026, 1397 top three holdings include ADVANTEST, FAST RETAILING and TOKYO ELECTRON.
What is the base currency of 1397?
The base currency of 1397 is JPY.
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