# iShares MSCI Japan Small Cap UCITS ETF (ISJP)

**Page:** https://fundology.uk/fund/isjp · ISIN IE00B2QWDY88

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, ISJP (iShares MSCI Japan Small Cap UCITS ETF, ISIN IE00B2QWDY88) closed at £44.88 on the London Stock Exchange. Its ongoing charge is 0.58% a year (about £58 on £10,000). Over the five years to 13/11/2026 its total return was +48.1%, or +15.6% after UK CPIH inflation.

## Summary

iShares MSCI Japan Small Cap UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2008. It tracks the MSCI Japan Small Cap — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.58% a year — about £58 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£44.88** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ISJP |
| ISIN | IE00B2QWDY88 |
| Also listed as | IDJP (London Stock Exchange, US dollars), IUS4 (Xetra, euros) |
| Category | Smaller companies |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Japan Small Cap |
| Income | Distributing |
| Ongoing charge | 0.58% a year (£58 per £10,000) |
| Fund size | £459m |
| Launched | 2008 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/05/2010 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +16.91% | +12.77% | income reinvested |
| 3 years | +56.37% | +41.27% | income reinvested |
| 5 years | +48.09% | +15.59% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MSCI Japan Small Cap UCITS ETF in pounds (price only, income paid out not included): 2022 −4.0%, 2023 +5.0%, 2024 +4.0%, 2025 +17.8%; 2026 to 13/11/2026 +15.2%. Returns of iShares MSCI Japan Small Cap UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +22.5%; to 30/09/2025: +16.5%; to 30/09/2024: +5.7%; to 30/09/2023: +4.4%; to 30/09/2022: −11.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -4.0% | -12.1% | Price |
| 2023 | +5.0% | +0.8% | Price |
| 2024 | +4.0% | +0.5% | Price |
| 2025 | +17.8% | +13.7% | Price |
| 2026 to 13/11/2026 | +15.2% | +11.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 18.43% | -10.82% |
| 3 years | 14.40% | -10.82% |
| 5 years | 13.80% | -16.54% |

## Largest fall

Volatility of iShares MSCI Japan Small Cap UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 18.4% over 1 year, 14.4% over 3 years, 13.8% over 5 years. Largest fall in the price of iShares MSCI Japan Small Cap UCITS ETF since November 2021, in pounds: −15.2% from 10/12/2021 to 17/06/2022. The lowest 12-month return of iShares MSCI Japan Small Cap UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −15.8% (12 months to 15/04/2022); the highest was +35.2% (12 months to 03/04/2026). On 13/11/2026 the price of iShares MSCI Japan Small Cap UCITS ETF was 4.2% below its highest weekly close since November 2021 (02/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI Japan Small Cap UCITS ETF 0.58% a year. Compared on 14/11/2026, 4 of the 36 other smaller-company funds charge more, 1 the same and 31 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.58%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, ISJP holds 764 positions, according to its published holdings. The largest is JPY Cash at 1.21% of the fund; the ten largest make up 6.4%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | JPY Cash | — | 1.21% |
| 2 | BayCurrent | [6532](https://fundology.uk/stock/6532) | 0.83% |
| 3 | Shizuoka Financial Group | [5831](https://fundology.uk/stock/5831) | 0.60% |
| 4 | Mebuki Financial Group | [7167](https://fundology.uk/stock/7167) | 0.58% |
| 5 | Food & Life Companies | [3563](https://fundology.uk/stock/3563) | 0.56% |
| 6 | Niterra | — | 0.56% |
| 7 | Nippon Express | [9147](https://fundology.uk/stock/9147) | 0.54% |
| 8 | Fukuoka Financial Group | [8354](https://fundology.uk/stock/8354) | 0.52% |
| 9 | Isetan Mitsukoshi | [3099](https://fundology.uk/stock/3099) | 0.52% |
| 10 | Jfe | [5411](https://fundology.uk/stock/5411) | 0.51% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 24.6% |
| Consumer Discretionary | 14.7% |
| Information Technology | 11.9% |
| Financials | 11.3% |
| Materials | 10.1% |
| Consumer Staples | 8.7% |
| Real Estate | 7.1% |
| Health Care | 4.5% |
| Other sectors | 7.1% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 98.7% |
| Cash and money market | 1.4% |

All 767 holdings: https://fundology.uk/fund/isjp/holdings

## Questions people ask

**What is the ongoing charge of ISJP?**

The ongoing charge of ISJP is 0.58% a year — about £58 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares MSCI Japan Small Cap UCITS ETF 0.58% a year. Compared on 14/11/2026, 4 of the 36 other smaller-company funds charge more, 1 the same and 31 less (share classes counted once).

**What does ISJP track?**

ISJP tracks the MSCI Japan Small Cap — large and medium-sized Japanese companies.

**Is ISJP accumulating or distributing?**

ISJP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of ISJP?**

The ISIN of ISJP is IE00B2QWDY88. An ISIN identifies one exact share class of a fund; ISJP is its ticker on the London Stock Exchange. The same share class is also listed as IDJP (London Stock Exchange, US dollars) and IUS4 (Xetra, euros).

**What does ISJP hold?**

As of 06/11/2026, ISJP holds 764 positions, according to its published holdings. The largest is JPY Cash at 1.21% of the fund; the ten largest make up 6.4%. Its ten largest holdings are JPY Cash (1.21%), BayCurrent (0.83%), Shizuoka Financial Group (0.60%), Mebuki Financial Group (0.58%), Food & Life Companies (0.56%), Niterra (0.56%), Nippon Express (0.54%), Fukuoka Financial Group (0.52%), Isetan Mitsukoshi (0.52%) and Jfe (0.51%).

**What were ISJP’s returns in each of the last five years?**

Calendar-year returns of ISJP in pounds (price only, income paid out not included): 2022 −4.0%, 2023 +5.0%, 2024 +4.0%, 2025 +17.8%; 2026 to 13/11/2026 +15.2%. Past performance is not a guide to future returns.

**How has ISJP done after inflation?**

Over the five years to 13/11/2026 ISJP’s total return was +48.1%, or +15.6% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/251870/ishares-msci-japan-smallcap-ucits-etf-inc-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-japan-small-cap-ucits-etf-usd-dist-gb-ie00b2qwdy88-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/isjp-ishares-msci-japan-small-cap-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.