MVIS® Japan Index

The MVIS® Japan Index (MVJAP) tracks the performance of the largest and most liquid companies in Japan. The index is a modified market cap-weighted index, and it also includes non-local companies incorporated outside Japan that generate at least 50% of their revenue in Japan. MVJAP covers at least 50% of the investable universe.

Country Weightings

The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.

The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.

CountryComponentsWeightNon-localComponentsWeight
United States (*)1 1.53%---
Japan78 98.47%1 79 100.00%
Total79 100.00%1 79 100.00%

Sector Weightings

The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.

SectorComponentsWeightComponentsWeightDifferenceDifference %
Materials2 2.29%2 2.33%0 -0.04%
Industrials19 22.63%19 22.99%0 -0.35%
Consumer Discretionary 11 20.63%11 20.95%0 -0.32%
Consumer Staples8 6.64%8 6.75%0 -0.10%
Health Care10 10.66%10 10.82%0 -0.17%
Financials10 13.49%9 12.14%1 1.35%
Information Technology10 12.50%10 12.69%0 -0.19%
Communication Services5 8.51%5 8.64%0 -0.13%
Real Estate4 2.65%4 2.69%0 -0.04%
Total79 100.00%78 100.00%

Size Weightings

  • Large-Cap: companies with a market capitalisation above 6,000 mln USD
  • Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln USD
  • Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln USD
  • Micro-Cap: companies with a market capitalisation up to 200 mln USD
SizeMarket CapComponentsWeight
Large-Cap3,053,280,740,000 USD79 100.00%
Mid-Cap---
Small-Cap---
Micro-Cap---
Total3,053,280,740,000 USD79 100.00%
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