# iShares Core MSCI Japan IMI UCITS ETF (SJPA)

**Page:** https://fundology.uk/fund/sjpa · ISIN IE00B4L5YX21

## 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, SJPA (iShares Core MSCI Japan IMI UCITS ETF, ISIN IE00B4L5YX21) closed at £59.67 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its total return was +53.0%, or +19.4% after UK CPIH inflation.

## Summary

iShares Core MSCI Japan IMI UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2009. It tracks the MSCI Japan IMI — 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 0.12% a year — about £12 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£59.67** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SJPA |
| ISIN | IE00B4L5YX21 |
| Also listed as | IJPA (London Stock Exchange, US dollars), EUNN (Xetra, euros) |
| Category | Japan & Asia Pacific |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Japan IMI |
| Income | Accumulating |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £6.0bn |
| Launched | 2009 |
| 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 | +14.26% | +10.22% | income reinvested |
| 3 years | +55.56% | +40.54% | income reinvested |
| 5 years | +52.96% | +19.39% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Core MSCI Japan IMI UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −6.2%, 2023 +12.8%, 2024 +9.2%, 2025 +17.6%; 2026 to 13/11/2026 +15.9%. Returns of iShares Core MSCI Japan IMI UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +26.7%; to 30/09/2025: +17.2%; to 30/09/2024: +10.3%; to 30/09/2023: +12.1%; to 30/09/2022: −11.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.2% | -14.1% | Price |
| 2023 | +12.8% | +8.3% | Price |
| 2024 | +9.2% | +5.5% | Price |
| 2025 | +17.6% | +13.6% | Price |
| 2026 to 13/11/2026 | +15.9% | +12.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.13% | -10.71% |
| 3 years | 16.35% | -12.05% |
| 5 years | 15.39% | -16.23% |

## Largest fall

Volatility of iShares Core MSCI Japan IMI UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 19.1% over 1 year, 16.4% over 3 years, 15.4% over 5 years. Largest fall in the price of iShares Core MSCI Japan IMI UCITS ETF since November 2021, in pounds: −15.7% from 19/11/2021 to 17/06/2022. The lowest 12-month return of iShares Core MSCI Japan IMI UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −12.9% (12 months to 16/09/2022); the highest was +41.1% (12 months to 19/06/2026). On 13/11/2026 the price of iShares Core MSCI Japan IMI UCITS ETF was 6.6% below its highest weekly close since November 2021 (02/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Core MSCI Japan IMI UCITS ETF 0.12% a year. Compared on 14/11/2026, 86 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 12 less (share classes counted once).

## Funds tracking the same index

2 funds track MSCI Japan IMI, this one included and share classes counted once; their ongoing charges range from 0.12% to 0.18% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Core MSCI Japan IMI UCITS ETF (this fund) | 0.12% | +14.3% | +55.6% | +53.0% |
| iShares Core MSCI Japan IMI UCITS ETF MXN Hedged (Acc) | 0.18% | +22.9% | +87.9% | +243.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** per year
- 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, SJPA holds 928 positions, according to its published holdings. The largest is Mitsubishi UFJ Financial Group at 3.61% of the fund; the ten largest make up 23.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Mitsubishi UFJ Financial Group | [8306](https://fundology.uk/stock/8306) | 3.61% |
| 2 | Toyota Motor | [7203](https://fundology.uk/stock/7203) | 3.32% |
| 3 | Sony Group | [6758](https://fundology.uk/stock/6758) | 2.54% |
| 4 | Recruit | [6098](https://fundology.uk/stock/6098) | 2.36% |
| 5 | Sumitomo Mitsui Financial Group | [8316](https://fundology.uk/stock/8316) | 2.29% |
| 6 | Advantest | [6857](https://fundology.uk/stock/6857) | 2.15% |
| 7 | Hitachi | [6501](https://fundology.uk/stock/6501) | 2.10% |
| 8 | Tokyo Electron | [8035](https://fundology.uk/stock/8035) | 1.93% |
| 9 | Mizuho Financial Group | [8411](https://fundology.uk/stock/8411) | 1.75% |
| 10 | Tokio Marine | [8766](https://fundology.uk/stock/8766) | 1.61% |

## 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 | 24.1% |
| Financials | 17.6% |
| Consumer Discretionary | 16.3% |
| Information Technology | 14.7% |
| Communication Services | 5.7% |
| Health Care | 5.7% |
| Consumer Staples | 4.9% |
| Materials | 4.9% |
| Other sectors | 6.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.0% |
| Cash and money market | 1.0% |

The 892 holdings on record (of 928 reported): https://fundology.uk/fund/sjpa/holdings

## Questions people ask

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

The ongoing charge of SJPA is 0.12% a year — about £12 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 Core MSCI Japan IMI UCITS ETF 0.12% a year. Compared on 14/11/2026, 86 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 12 less (share classes counted once).

**What does SJPA track?**

SJPA tracks the MSCI Japan IMI — large and medium-sized Japanese companies.

**Is SJPA accumulating or distributing?**

SJPA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of SJPA?**

The ISIN of SJPA is IE00B4L5YX21. An ISIN identifies one exact share class of a fund; SJPA is its ticker on the London Stock Exchange. The same share class is also listed as IJPA (London Stock Exchange, US dollars) and EUNN (Xetra, euros).

**What does SJPA hold?**

As of 06/11/2026, SJPA holds 928 positions, according to its published holdings. The largest is Mitsubishi UFJ Financial Group at 3.61% of the fund; the ten largest make up 23.7%. Its ten largest holdings are Mitsubishi UFJ Financial Group (3.61%), Toyota Motor (3.32%), Sony Group (2.54%), Recruit (2.36%), Sumitomo Mitsui Financial Group (2.29%), Advantest (2.15%), Hitachi (2.10%), Tokyo Electron (1.93%), Mizuho Financial Group (1.75%) and Tokio Marine (1.61%).

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

Calendar-year returns of SJPA in pounds (price, with income reinvested in the fund): 2022 −6.2%, 2023 +12.8%, 2024 +9.2%, 2025 +17.6%; 2026 to 13/11/2026 +15.9%. Past performance is not a guide to future returns.

**How has SJPA done after inflation?**

Over the five years to 13/11/2026 SJPA’s total return was +53.0%, or +19.4% 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/251867/ishares-msci-japan-ucits-etf-acc-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-core-msci-japan-imi-ucits-etf-usd-acc-gb-ie00b4l5yx21-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/sjpa-ishares-core-msci-japan-imi-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.