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N400 ETF · Invesco JPX-Nikkei 400 UCITS ETF
The N400 Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: JPX-Nikkei 400 Index. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). The dividend policy is capitalization.
Share class
Acc
JPY
Last update 3/13/2026, 8:00 AM UTC
LIVE
CLOSED
This fund is part ofJapan Blended Cap1M perf.-10.06%
Last price
$255.05
1M perf.
-5.65%
1M flows
+€4M
AuM
€145M
E/R
0.19%
Rating
ESG Consensus®
N400
$255.05
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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N400
Â¥41,117.08
+6.78%
Japan Blended Cap
+3.94%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.65%  | +6.78%  | +38.15% | +93.84% | +105.85% | -7.20% | +7.65% | +7.65% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/12/2026
Â¥41,117.02
1D NAV change
-1.30%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
399
Inception date
9/10/2014
Jurisdiction
Ireland
Distribution
Germany
Denmark
Spain
Finland
France
Legal structure
Open-end Investment Company
Base currency
JPY
Classification
Share class info
JPY capitalizing
Total AuM of fund
€166M
Decimalisation of shares
No
Investment strategy
The Invesco JPX-Nikkei 400 UCITS ETF Acc aims to provide the performance of the JPX-Nikkei 400 Net TR Index. The index provides broad exposure, across the large-cap, small-cap, growth and innovation segments of the Tokyo Stock Exchange, and focuses on companies with the potential to generate shareholder value. Developed by Nikkei and the Japan Exchange Group, the index selects stocks on the basis not only of size, but also return on equity, operating profit and corporate governance.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +6.78% | +38.15% | +93.84% | +105.85% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
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Exposure based on a proxy
More info
Countries
Japan
99.67%
Unavailable
0.34%
Sectors
Industrials
27.29%
Information Technology
15.24%
Consumer Discretionary
13.97%
Financials
13.83%
Communication Services
7.18%
Health Care
6.00%
Materials
5.19%
Consumer Staples
5.05%
Unavailable
0.39%
Other
5.86%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 399
Top 15 holdings
Data as of January 31, 2026
Exposure based on a proxy
More info
ADVANTEST
MIZUHO FINANCIAL
MITSUI
SUMITOMO MITSUI
SOFTBANK GROUP CORP
MITSUBISHI
TOKYO ELECTRON
TOYOTA
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MITSUBISHI UFJ FINANCIAL GROUP
MITSUBISHI HVY
ITOCHU
HITACHI
MITSUBISHI ELECTRIC
HOYA
SHIN-ETSU CHEM
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
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Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
JPX Nikkei Net Total Return Index - JPY
Index ticker
JPNKNTR Index
Index dividend policy
NTR
Replication method
Replication model
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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.
Learn more about Trackinsight EnterpriseIssuer
Invesco
Invesco ID Card
Number of funds
631
Total AuM
€846.61B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3562%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €334.28B |
RSP | Invesco S&P 500® Equal Weight ETF | €73.51B |
QQQM | Invesco NASDAQ 100 ETF | €60.56B |
SPXS | Invesco S&P 500 UCITS ETF | €30.51B |
SGLD | Invesco Physical Gold USD ETC | €28.5B |
Frequently asked questions about N400
What does Invesco JPX-Nikkei 400 UCITS ETF, N400, invest in?
N400 is a Passive ETF. This ETF provides exposure to Japanese Equities.
Which benchmark or index does N400 replicate?
N400 tracks the JPX Nikkei Net Total Return Index - JPY, through a unfunded swap replication method.
What is the Total Expense ratio (TER) of N400?
N400 carries a total expense ratio (TER) of 0.19%, indicating the annual cost for holding the fund.
When was N400 launched?
N400 was introduced to the market on September 10, 2014. It trades on Germany, among other exchanges
Who is the ETF issuer of N400?
Invesco JPX-Nikkei 400 UCITS ETF, N400, is provided by Invesco. Learn more about Invesco here.
Does N400 have multiple share classes?
Yes, N400 is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of N400?
N400 oversees €145M in assets as of March 12, 2026.
How has N400 performed lately?
Based on data from March 12, 2026, N400 returned -5.65% over the past month, 6.78% over the last three months and 7.65% year-to-date.
What are the latest inflows or outflows for N400?
As of March 12, 2026, N400 recorded net flows of +€3.9M over the last month and +€7.4M year-to-date.
Does N400 distribute dividends?
N400 follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of N400?
As of January 31, 2026, N400 has significant geographic allocations in Japan.
In which sector or theme does N400 invest in?
As of January 31, 2026, N400 focuses largely on Industrials, Information Technology and Consumer Discretionary.
How many securities does N400 hold and how diversified is it?
As of January 31, 2026, N400 holds 399 positions in its portfolio, with 26.07% of assets concentrated in its top 15 holdings.
What are the main positions in N400?
As of January 31, 2026, N400 top three holdings include ADVANTEST, MIZUHO FINANCIAL and MITSUI.
What is the base currency of N400?
The base currency of N400 is JPY.
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