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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 Today at 7:00 AM UTC
LIVE
CLOSED
This fund is part ofJapan Blended Cap1M perf.-10.57%
Last price
$266.15
1M perf.
-6.46%
1M flows
-€3M
AuM
€136M
E/R
0.19%
Rating
ESG Consensus®
N400
$266.15
Performance & flows
Segment for quartile rank
January 5, 2026 → March 31, 2026
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N400
Â¥39,724.59
+1.87%
Japan Blended Cap
-1.21%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -6.46%  | +1.87%  | +34.14% | +85.18% | +97.50% | -10.35% | +4.01% | +4.01% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/31/2026
Â¥39,724.53
1D NAV change
-1.30%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
398
Inception date
9/10/2014
Jurisdiction
Ireland
Distribution
Norway
Netherlands
Finland
Luxembourg
Italy
Legal structure
Open-end Investment Company
Base currency
JPY
Classification
Share class info
JPY capitalizing
Total AuM of fund
€155M
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 | +1.87% | +34.14% | +85.18% | +97.50% |
| 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
99.61%
Unavailable
0.39%
Sectors
Industrials
28.28%
Information Technology
14.55%
Consumer Discretionary
14.09%
Financials
13.73%
Communication Services
6.29%
Health Care
5.99%
Materials
5.51%
Consumer Staples
4.97%
Unavailable
0.44%
Other
6.15%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 398
Top 15 holdings
Data as of February 28, 2026
Exposure based on a proxy
More info
ADVANTEST
MITSUI
MITSUBISHI
MIZUHO FINANCIAL
SUMITOMO MITSUI
TOKYO ELECTRON
MITSUBISHI ELECTRIC
TOYOTA
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SOFTBANK GROUP CORP
ITOCHU
MITSUBISHI HVY
MITSUBISHI UFJ FINANCIAL GROUP
SHIN-ETSU CHEM
HOYA
HITACHI
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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:
Replication quality
Calculated over 12m, as of March 31, 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
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
Invesco
Invesco ID Card
Number of funds
633
Total AuM
€825.07B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €321.23B |
RSP | Invesco S&P 500® Equal Weight ETF | €73.76B |
QQQM | Invesco NASDAQ 100 ETF | €59.66B |
SPXS | Invesco S&P 500 UCITS ETF | €29.41B |
SGLD | Invesco Physical Gold USD ETC | €25.46B |
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 Norway, 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 €136M in assets as of March 31, 2026.
How has N400 performed lately?
Based on data from March 31, 2026, N400 returned -6.46% over the past month, 1.87% over the last three months and 4.01% year-to-date.
What are the latest inflows or outflows for N400?
As of March 31, 2026, N400 recorded net flows of -€3M over the last month and +€2.7M 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 February 28, 2026, N400 has significant geographic allocations in Japan.
In which sector or theme does N400 invest in?
As of February 28, 2026, N400 focuses largely on Industrials, Information Technology and Consumer Discretionary.
How many securities does N400 hold and how diversified is it?
As of February 28, 2026, N400 holds 398 positions in its portfolio, with 25.94% of assets concentrated in its top 15 holdings.
What are the main positions in N400?
As of February 28, 2026, N400 top three holdings include ADVANTEST, MITSUI and MITSUBISHI.
What is the base currency of N400?
The base currency of N400 is JPY.
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