# Japan Smaller Capitalization Fund, Inc. (JOF)

> Source: Nexqual · https://nexqual.com/JOF · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Japan Smaller Capitalization Fund, Inc. (JOF), nexqual.com/JOF" · informational, not investment advice.

**Price:** USD 11.58 (-1.19% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 11.72 · day 11.56–11.73 · 52w 10.15–12.85 · market cap null · NYQ

## Key facts
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $714K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +21.6% vs S&P 500 +13.4%; 5Y +75.6% vs S&P 500 +76.9%.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $714K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-16…2026-10-19 | Saba Capital Management, L.P. |  | 46,222 | $552K | 11.94 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-14 | Saba Capital Management, L.P. |  | 13,133 | $162K | 12.33 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +21.6% | +75.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +21.7% | +11.9% |
| Volatility (annualized) | 20.0% | 17.3% |
| Max drawdown | -17.2% (Feb 2026→Mar 2026) | -30.9% (Nov 2021→Oct 2022) |

## Peers (Asset Management)
BLK (BlackRock, Inc.) USD 1,118.25 -1.67% · BX (Blackstone Inc.) USD 117.97 -0.66% · BN (Brookfield Corporation) USD 37.97 -0.81% · KKR (KKR & Co. Inc.) USD 91.34 -1.88% · BAM (Brookfield Asset Management Inc) USD 47.03 -1.28% · APO (Apollo Global Management, Inc. ) USD 112.83 -1.74%

## More
Full page: https://nexqual.com/JOF · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt