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STYLE INDICES

iSTOXX MUTB Japan Quality 150

Index Description

The iSTOXX MUTB Japan Quality 150 Index aims to capture the performance of quality companies with high profitability, low leverage and sustainable cash flows in Japan. The component selection is based on a combined ranking of four fundamentals ratios (return on equity, debt-to-capital, cash flow generation ability and business stability). Stocks need to fulfill minimum liquidity criteria before being added to the index.

Key facts

  • Pure quality play with large investability
  • Ideal for market participants seeking exposure to the Japanese market while only investing in quality stocks with sustainable profitability
  • Diversification through broad selection and capping of component weights to 2%

Descriptive Statistics

Index Market Cap (JPY bn) Components (JPY bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX MUTB Japan Quality 150 189,817.1 151,195.8 1,008.0 575.0 3,509.5 83.5 2.3 0.1 34.4
STOXX Japan 600 755,532.9 638,523.5 1,064.2 370.7 31,957.7 78.3 5.0 0.0 2.2

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX MUTB Japan Quality 150 -2.9 16.3 11.7 24.9 39.9 N/A N/A 11.7 7.7 6.9
STOXX Japan 600 -3.0 19.1 16.3 43.5 39.0 N/A N/A 16.4 12.9 6.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX MUTB Japan Quality 150 N/A N/A 14.5 16.9 17.5 N/A N/A 0.6 0.4 0.5
STOXX Japan 600 N/A N/A 13.7 15.8 16.8 N/A N/A 1.0 0.7 0.4
Index to benchmark Correlation Tracking error (%)
iSTOXX MUTB Japan Quality 150 1.0 0.9 0.9 0.9 0.9 4.1 4.6 4.9 5.6 5.7
Index to benchmark Beta Annualized information ratio
iSTOXX MUTB Japan Quality 150 0.9 1.0 1.0 1.0 1.0 0.2 -0.8 -1.0 -0.8 0.2

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(JPY, Price), all data as of October 31, 2023

STYLE INDICES

iSTOXX MUTB Japan Quality 150

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
iSTOXX MUTB Japan Quality 150 15.4 15.8 15.4 15.4 2.2 1.7 1.5 20.5
STOXX Japan 600 14.3 14.1 13.7 13.7 1.3 2.0 0.9 14.3

Performance and annual returns

Methodology

The component universe is derived from the STOXX Japan 600 Index. From the eligible components, the index selects the top ranked stocks based on a composite score based on four fundamentals ratios (return on equity, debt-to-asset, cash flow generation ability and business stability). Stocks also need to fulfill minimum liquidity criteria before being added to the index. The component selection is conducted semi-annually in June and December.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return JPY CH0289281989 ISXMJQYG ISXMJQYG INDEX .ISXMJQYG
Price EUR CH0289281906 ISXMJQP .ISXMJQP
Net Return EUR CH0289281914 ISXMJQR .ISXMJQR
Gross Return EUR CH0289281922 ISXMJQGR .ISXMJQGR
Price USD CH0289281930 ISXMJQL .ISXMJQL
Net Return USD CH0289281948 ISXMJQV .ISXMJQV
Gross Return USD CH0289281955 ISXMJQGV .ISXMJQGV
Price JPY CH0289281963 ISXMJQYP ISXMJQYP INDEX .ISXMJQYP
Net Return JPY CH0289281971 ISXMJQYN ISXMJQYN INDEX .ISXMJQYN

Quick Facts

Weighting Market cap weighted
Cap Factor 2%
No. of components 150 at the review / deletions not replaced
Review frequency Semi-annually in Jun. and Dec.
Calculation/distribution Real-time for JPY versions, end-of-day rest
Calculation hours 00:00 CET to 18:00 CET
Base value/base date 100 on Jun. 18, 2001
History Available back to Jun. 18, 2001
Inception date Aug. 4, 2015
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

STYLE INDICES

iSTOXX MUTB Japan Quality 150

Top 10 Components4

Company Supersector Country Weight
Japan Tobacco Inc. Food, Beverage and Tobacco Japan 2.321%
Fujitsu Ltd. Technology Japan 2.215%
Nippon Telegraph & Telephone C Telecommunications Japan 2.210%
KDDI Corp. Telecommunications Japan 2.169%
Tokio Marine Holdings Inc. Insurance Japan 2.120%
Nintendo Co. Ltd. Consumer Products and Services Japan 2.096%
Keyence Corp. Industrial Goods and Services Japan 2.083%
Fast Retailing Co. Ltd. Retail Japan 2.074%
SMC Corp. Industrial Goods and Services Japan 2.072%
Mitsui & Co. Ltd. Industrial Goods and Services Japan 2.056%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of October 31, 2023