Topic: How To Invest

Japan Smaller Cap Fund $10.89 – New York symbol JOF

JAPAN SMALLER CAP FUND $10.89 (New York symbol JOF; CWA Rating: Aggressive) invests mainly in less-widely-followed Japanese over-the-counter stocks.

The fund’s top holdings are Jupiter Telecom, Eagle Industry Co., Nichias Corporation, Tokai Rubber, Futuba Industrial, Aeon Delight, Disco Corp., Kansai Urban Banking, Suraga Corp. and Hisamitsu Pharmaceutical.

Japan Smaller Cap Fund sells for a 0.4% premium above the current value of its assets. Our long-standing advice is that you only buy closed-end funds trading at close to or below net asset value. Japan Smaller Cap is a buy.

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