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N4US ETF · Invesco JPX-Nikkei 400 UCITS ETF
The N4US 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
USD
Hedged
Last update Yesterday at 7:00 AM UTC
LIVE
CLOSED
This fund is part ofJapan Blended Cap1M perf.+5.66%
Last price
$52.50
+0.12%
1M perf.
+9.02%
1M flows
+€913K
AuM
€11M
E/R
0.19%
Rating
ESG Consensus®
N4US
$52.50
+0.12%
Performance & flows
Segment for quartile rank
January 22, 2026 → April 22, 2026
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N4US
$52.77
+6.32%
Japan Blended Cap
+4.56%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +9.02%  | +6.32%  | +56.68% | +122.27% | +156.02% | +7.70% | +7.70% | +12.96% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/22/2026
$52.77
1D NAV change
-0.48%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
398
Inception date
9/10/2014
Jurisdiction
Ireland
Distribution
Luxembourg
Austria
Germany
Denmark
Spain
Legal structure
Open-end Investment Company
Base currency
USD
Classification
Share class info
USD capitalizing hedged
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 | +6.32% | +56.68% | +122.27% | +156.02% |
| 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
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Exposure based on a proxy
More info
Countries
Japan
98.75%
Unavailable
1.81%
Sectors
Industrials
27.96%
Financials
13.66%
Information Technology
13.57%
Consumer Discretionary
13.55%
Communication Services
6.74%
Health Care
6.25%
Materials
5.38%
Consumer Staples
5.25%
Unavailable
1.86%
Other
5.77%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 398
Top 15 holdings
Data as of March 31, 2026
Exposure based on a proxy
More info
MITSUI
MITSUBISHI
MIZUHO FINANCIAL
SUMITOMO MITSUI
ADVANTEST
TOKYO ELECTRON
SOFTBANK GROUP CORP
SHIN-ETSU CHEM
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ITOCHU
MITSUBISHI ELECTRIC
MITSUBISHI UFJ FINANCIAL GROUP
TOKIO MARINE HOLDINGS
TOYOTA
MITSUBISHI HVY
HOYA
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of March 31, 2026
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N4US
N/A
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Invesco
Invesco ID Card
Number of funds
633
Total AuM
€905.45B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €366.62B |
RSP | Invesco S&P 500® Equal Weight ETF | €74.94B |
QQQM | Invesco NASDAQ 100 ETF | €69.15B |
SPXS | Invesco S&P 500 UCITS ETF | €32.12B |
SGLD | Invesco Physical Gold USD ETC | €26.06B |
Frequently asked questions about N4US
What does Invesco JPX-Nikkei 400 UCITS ETF, N4US, invest in?
N4US is a Passive ETF. This ETF provides exposure to Japanese Equities.
Which benchmark or index does N4US replicate?
N4US tracks the JPX-Nikkei 400 USD Hedged Net Total Return Index - USD, through a unfunded swap replication method.
What is the Total Expense ratio (TER) of N4US?
N4US carries a total expense ratio (TER) of 0.19%, indicating the annual cost for holding the fund.
When was N4US launched?
N4US was introduced to the market on September 10, 2014. It trades on Luxembourg, among other exchanges
Who is the ETF issuer of N4US?
Invesco JPX-Nikkei 400 UCITS ETF, N4US, is provided by Invesco. Learn more about Invesco here.
Does N4US have multiple share classes?
Yes, N4US 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 N4US?
N4US oversees €11M in assets as of April 22, 2026.
How has N4US performed lately?
Based on data from April 22, 2026, N4US returned 9.02% over the past month, 6.32% over the last three months and 12.96% year-to-date.
What are the latest inflows or outflows for N4US?
As of April 22, 2026, N4US recorded net flows of +€897K over the last month and +€1.8M year-to-date.
Does N4US distribute dividends?
N4US follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of N4US?
As of March 31, 2026, N4US has significant geographic allocations in Japan.
In which sector or theme does N4US invest in?
As of March 31, 2026, N4US focuses largely on Industrials, Financials and Information Technology.
How many securities does N4US hold and how diversified is it?
As of March 31, 2026, N4US holds 398 positions in its portfolio, with 25.74% of assets concentrated in its top 15 holdings.
What are the main positions in N4US?
As of March 31, 2026, N4US top three holdings include MITSUI, MITSUBISHI and MIZUHO FINANCIAL.
What is the base currency of N4US?
The base currency of N4US is USD.
Is N4US currency-hedged?
N4US is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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