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1398 ETF · SMDAM REIT Index ETF
The 1398 Exchange Traded Fund (ETF) is provided by Sumitomo Mitsui Asset Management. It is built to track an index: TSE REIT Index. The 1398 ETF provides physical exposure, so by buying it you actually own parts of all the 58 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.-10.64%
Last price
Â¥2,008.5
1M perf.
-0.79%
1M flows
+€14M
AuM
€814M
E/R
0.22%
Rating
Not rated
ESG Consensus®
1398
Â¥2,008.5
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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1398
Â¥1,996.42
-0.30%
Japan Blended Cap
+2.44%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.79%  | -0.30%  | +25.10%  | +28.32% | +28.31% | -2.43% | -2.06% | -2.06% | |
| 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
JP3047930007
AuM
€814M
E/R
0.22%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/13/2026
Â¥1,996.42
1D NAV change
-0.45%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
58
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
To achieve a net asset value that closely correlates with the total return performance of the reference index, TSE REIT Index
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Advanced risk metrics
Advanced replication analysis
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.30% | +25.10% | +28.32% | +28.31% |
| 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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Countries
Japan
98.35%
Unavailable
1.65%
Sectors
Real Estate
98.24%
Unavailable
1.76%
Diversification
Total weight of top 15 holdings out of 58
Top 15 holdings
Data as of January 31, 2026
NIPPON BUILDING FUND REIT
JAPAN REIT
JAPAN METROPOLITAN FUND INVESTMENT CORPORATION
NOMURA REAL ESTATE MASTER FUND INC
KENEDIX OFFICE INVESTMT CORP
GLP J-REIT
NIPPON PROLOGIS REIT
DAIWA HOUSE REIT INVESTMENT CO
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ORIX JREIT
UNITED URBAN INV REIT
INVINCIBLE INVES REIT
ADVANCE RESIDENCE INVESTMENT REIT
NIPPON HOTEL REIT
JAPAN PRIME REALTY REIT
IND & INFRA FUND REIT
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Enterprise
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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 1398 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.
1398’s has a Final Sustainability Grade of either C+, C, C-, or D.
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
51.53% of holdings have positive scoring
50.14% of holdings have negative scoring
16.63%
34.90%
15.35%
34.17%
Consensus levels
Strong
Medium
Weak
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
TSE REIT Index - JPY
Index ticker
TSEREIT 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
€2.6B
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 | €1.24B |
1398 | SMDAM REIT Index ETF | €814M |
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 1398
What does SMDAM REIT Index ETF, 1398, invest in?
1398 is a Passive ETF. This ETF provides exposure to Japanese REIT Equities.
Which benchmark or index does 1398 replicate?
1398 tracks the TSE REIT Index - JPY, through a full replication replication method.
What is the Total Expense ratio (TER) of 1398?
1398 carries a total expense ratio (TER) of 0.22%, indicating the annual cost for holding the fund.
When was 1398 launched?
1398 was introduced to the market on March 25, 2015. It trades on Japan
Who is the ETF issuer of 1398?
SMDAM REIT Index ETF, 1398, is provided by Sumitomo Mitsui Asset Management. Learn more about Sumitomo Mitsui Asset Management here.
What is the current assets under management (AUM) of 1398?
1398 oversees €814M in assets as of March 13, 2026.
How has 1398 performed lately?
Based on data from March 13, 2026, 1398 returned -0.79% over the past month, -0.30% over the last three months and -2.06% year-to-date.
What are the latest inflows or outflows for 1398?
As of March 13, 2026, 1398 recorded net flows of +€14M over the last month and +€1.8M year-to-date.
Does 1398 distribute dividends?
1398 follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 6.48%.
What are the main country or region exposures of 1398?
As of January 31, 2026, 1398 has significant geographic allocations in Japan.
In which sector or theme does 1398 invest in?
As of January 31, 2026, 1398 focuses largely on Real Estate.
How many securities does 1398 hold and how diversified is it?
As of January 31, 2026, 1398 holds 58 positions in its portfolio, with 58.88% of assets concentrated in its top 15 holdings.
What are the main positions in 1398?
As of January 31, 2026, 1398 top three holdings include NIPPON BUILDING FUND REIT, JAPAN REIT and JAPAN METROPOLITAN FUND INVESTMENT CORPORATION.
What is the base currency of 1398?
The base currency of 1398 is JPY.
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