ETF Evaluator:
Synera Funds Japan Active+ ETF ()
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Best Performing in Japan Stock Over the Last Year
| 34.7% | WisdomTree Japan Opportunities ETF (OPPJ) |
| 31.4% | WisdomTree Japan Hedged Equity ETF (DXJ) |
| 25.2% | iShares MSCI Japan Value ETF (EWJV) |
| 24.9% | WisdomTree Japan SmallCap Dividend ETF (DFJ) |
| 23.6% | Franklin FTSE Japan Hedged ETF (FLJH) |
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Risk
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ETF Details
Synera Funds Japan Active+ ETF Overview
Synera Funds Japan Active+ ETF (SMTJ) is an actively managed International Equity Japan Stock exchange-traded fund (ETF). Takumi + Synera Funds launched the ETF in 2026.
The investment seeks is capital appreciation.
The Advisor expects to invest between 80-100% of its assets in Japanese equity and equity-related instruments. The advisor seeks long-term capital appreciation by investing primarily in equity securities of Japanese companies that the advisor believes are positioned to benefit from medium- to long-term structural changes in society and industry. It is non-diversified.
About Synera Funds Japan Active+ ETF (SMTJ)
There are 11 members of the management team with an average tenure of 0.07 years: Katsunori Ogawa (2026), Irina Bogacheva (2026), Manu Kambhampati (2026), Martin Lindberg (2026), Michael Soss (2026), Zachary Wainwright (2026), Greg Stoner (2026), Kazunaga Saso (2026), Barry Goodman (2026), Harvey Beker (2026) and Grant Smith (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Synera Funds Japan Active+ ETF has 90 securities in its portfolio. The top 10 holdings constitute 71.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Synera Funds Japan Active+ ETF is part of the Equity global asset class and is within the International Equity ETF group. Synera Funds Japan Active+ ETF has 56.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.7% There is 100.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -117.6% (-74.6% domestic bond, -43.0% foreign bond and 0.0% convertible bond). Synera Funds Japan Active+ ETF has 110.5% of the portfolio in cash.
Assets Under Management
The fund has $82 million in total assets, which is below the $2 billion average for the Japan Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SMTJ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Synera Funds Japan Active+ ETF expense ratio is high compared to funds in the Japan Stock category. Synera Funds Japan Active+ ETF has an expense ratio of 0.86%, which is 68% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Synera Funds Japan Active+ ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 35% for the Japan Stock category.
Recently, in the month of October 2026, Synera Funds Japan Active+ ETF returned 0.0%, which earned it a grade of NA, as the Japan Stock category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Synera Funds Japan Active+ ETF has a trailing yield of 0.00%, which is below the 2.62% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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SMTJ Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SMTJ Return (NAV) | na | na | na | na | na | na |
| SMTJ Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Japan Stock Avg | -3.8% | 0.2% | 19.2% | 23.6% | 14.6% | 11.3% |
| SMTJ Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| SMTJ Tax-Cost Ratio | na | na | na | na | na | na |
SMTJ Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SMTJ Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| SMTJ Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Japan Stock Avg | 16.7% | 28.9% | 13.9% | 25.8% | -8.2% | 5.5% | 7.6% | 18.3% | -15.2% | 25.5% | 3.3% |
| SMTJ Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 82 Mil |
| Share Class Assets: | $ 82 Mil |
| Turnover: | na |
| Expense Ratio: | 0.86% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 11 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Ogawa Katsunori (2026), Bogacheva Irina (2026), Kambhampati Manu (2026), Lindberg Martin (2026), Soss Michael (2026), Wainwright Zachary (2026), Stoner Greg (2026), Saso Kazunaga (2026), Goodman Barry (2026), Beker Harvey (2026), Smith Grant (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 90 |
| % in Top 10 Holdings: | 71.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 56.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.7% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -74.6% |
| Foreign Bond: | -43.0% |
| Convertible Bond: | 0.0% |
| Other: | 6.5% |
| Cash: | 110.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Takumi + Synera Funds |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | October 6, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.86% (Rating: High) |
| Category Average Expense Ratio (%): | 0.51% |
